Genworth Financial, Inc. (NYSE:GNW) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 80.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,658 shares of the financial services provider’s stock after acquiring an additional 11,903 shares during the quarter. SG Americas Securities LLC’s holdings in Genworth Financial were worth $183,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GNW. Algert Global LLC grew its position in Genworth Financial by 52.1% during the second quarter. Algert Global LLC now owns 593,031 shares of the financial services provider’s stock valued at $3,582,000 after purchasing an additional 203,031 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in shares of Genworth Financial by 277.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 258,566 shares of the financial services provider’s stock valued at $1,562,000 after acquiring an additional 190,134 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Genworth Financial by 4.3% during the 2nd quarter. Mackenzie Financial Corp now owns 104,156 shares of the financial services provider’s stock valued at $629,000 after acquiring an additional 4,320 shares in the last quarter. Millennium Management LLC increased its stake in shares of Genworth Financial by 51.5% in the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock worth $16,785,000 after acquiring an additional 944,677 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Genworth Financial by 93.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock worth $24,478,000 after acquiring an additional 1,958,632 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Insiders Place Their Bets

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was 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 of the company’s stock, valued at $31,186,723.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

Genworth Financial Trading Down 0.9 %

NYSE:GNW opened at $6.90 on Thursday. The company has a market capitalization of $3.02 billion, a P/E ratio of 36.29 and a beta of 0.94. The stock’s 50 day moving average price is $6.86 and its 200 day moving average price is $6.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 52 week low of $5.32 and a 52 week high of $7.25.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The company had revenue of $1.77 billion for the quarter. During the same quarter last year, the company earned $0.29 EPS.

Analyst Ratings Changes

Separately, StockNews.com upgraded Genworth Financial from a “hold” rating to a “buy” rating in a research note on Monday.

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.