18,229 Shares in Genworth Financial, Inc. (NYSE:GNW) Acquired by Choreo LLC

Choreo LLC purchased a new stake in shares of Genworth Financial, Inc. (NYSE:GNW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,229 shares of the financial services provider’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Donald Smith & CO. Inc. lifted its position in Genworth Financial by 14.5% during the first quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider’s stock valued at $155,893,000 after buying an additional 3,069,355 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Genworth Financial by 138.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after purchasing an additional 2,456,816 shares in the last quarter. Norges Bank acquired a new position in shares of Genworth Financial during the fourth quarter worth $23,292,000. Whitefort Capital Management LP lifted its position in shares of Genworth Financial by 31.6% during the first quarter. Whitefort Capital Management LP now owns 1,996,960 shares of the financial services provider’s stock worth $12,840,000 after purchasing an additional 479,688 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Genworth Financial by 18.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 920,683 shares of the financial services provider’s stock worth $5,920,000 after purchasing an additional 141,028 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Trading Up 0.3 %

NYSE GNW opened at $6.88 on Friday. The company’s fifty day simple moving average is $6.66 and its 200-day simple moving average is $6.37. Genworth Financial, Inc. has a 52 week low of $5.32 and a 52 week high of $7.01. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.01 billion, a P/E ratio of 36.21 and a beta of 0.94.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $1.77 billion during the quarter. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. During the same quarter last year, the firm posted $0.29 EPS.

Insider Buying and Selling

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the completion of the sale, the chief executive officer now owns 4,532,954 shares in the company, valued at $31,186,723.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

Genworth Financial Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.