D. E. Shaw & Co. Inc. Boosts Stock Holdings in Genworth Financial, Inc. (NYSE:GNW)

D. E. Shaw & Co. Inc. grew its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 93.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,052,621 shares of the financial services provider’s stock after purchasing an additional 1,958,632 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.93% of Genworth Financial worth $24,478,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. UniSuper Management Pty Ltd acquired a new position in Genworth Financial during the first quarter worth $562,000. Denali Advisors LLC increased its holdings in shares of Genworth Financial by 69.8% in the 1st quarter. Denali Advisors LLC now owns 530,300 shares of the financial services provider’s stock valued at $3,410,000 after purchasing an additional 218,000 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Genworth Financial by 138.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock valued at $25,571,000 after purchasing an additional 2,456,816 shares during the period. Norges Bank purchased a new stake in Genworth Financial during the fourth quarter worth about $23,292,000. Finally, Texas Permanent School Fund Corp grew its position in Genworth Financial by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 394,715 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 5,106 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Down 0.1 %

Shares of GNW stock opened at $6.76 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 35.58 and a beta of 0.94. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $7.01. The business has a fifty day simple moving average of $6.70 and a 200-day simple moving average of $6.39.

Genworth Financial (NYSE:GNW) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm 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 business posted $0.29 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Insider Activity at Genworth Financial

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the transaction, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

About Genworth Financial

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.