Caxton Associates LLP Buys 91,670 Shares of Genworth Financial, Inc. $GNW

Caxton Associates LLP lifted its position in Genworth Financial, Inc. (NYSE:GNW) by 56.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 255,430 shares of the financial services provider’s stock after purchasing an additional 91,670 shares during the period. Caxton Associates LLP owned 0.07% of Genworth Financial worth $2,074,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Genworth Financial by 12,597.7% during the 3rd quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 5,543 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Genworth Financial during the 2nd quarter worth $44,000. Atlas Wealth LLC bought a new position in shares of Genworth Financial during the 1st quarter worth $51,000. Danske Bank A S purchased a new position in shares of Genworth Financial during the third quarter valued at $60,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Genworth Financial by 124.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the financial services provider’s stock valued at $65,000 after buying an additional 3,966 shares during the period. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Price Performance

GNW opened at $9.89 on Friday. The firm has a market capitalization of $3.79 billion, a PE ratio of 19.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50-day moving average is $9.23 and its two-hundred day moving average is $8.81. Genworth Financial, Inc. has a 1 year low of $7.38 and a 1 year high of $10.20.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.18 by $0.10. Genworth Financial had a net margin of 2.96% and a return on equity of 1.73%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.72 billion. Research analysts anticipate that Genworth Financial, Inc. will post 1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research raised shares of Genworth Financial to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Genworth Financial from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.00.

Insider Buying and Selling

In other Genworth Financial news, Director Robert P. Restrepo, Jr. sold 50,000 shares of Genworth Financial stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $9.12, for a total value of $456,000.00. Following the transaction, the director directly owned 92,655 shares of the company’s stock, valued at approximately $845,013.60. The trade was a 35.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas J. Mcinerney sold 100,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $9.27, for a total value of $927,000.00. Following the transaction, the chief executive officer directly owned 5,368,883 shares in the company, valued at approximately $49,769,545.41. The trade was a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.