Investors Purchase High Volume of Genworth Financial Call Options (NYSE:GNW)

Genworth Financial, Inc. (NYSE:GNW) saw some unusual options trading on Monday. Investors acquired 6,079 call options on the stock. This represents an increase of 547% compared to the typical volume of 940 call options.

Genworth Financial Stock Up 1.2 %

Genworth Financial stock opened at $6.09 on Wednesday. The stock has a market capitalization of $2.67 billion, a PE ratio of -608,500.00 and a beta of 1.06. Genworth Financial has a 12 month low of $4.51 and a 12 month high of $6.93. The business has a 50 day simple moving average of $6.19 and a 200-day simple moving average of $6.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.30 and a quick ratio of 0.30.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.70). The business had revenue of $1.91 billion during the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same period in the previous year, the business earned $0.35 EPS.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th.

Institutional Trading of Genworth Financial

Large investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. purchased a new stake in shares of Genworth Financial during the fourth quarter worth approximately $33,000. GAMMA Investing LLC purchased a new stake in shares of Genworth Financial during the fourth quarter worth approximately $56,000. Nomura Asset Management Co. Ltd. increased its position in shares of Genworth Financial by 29.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 2,000 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Genworth Financial during the third quarter worth approximately $71,000. Finally, Pathway Financial Advisors LLC purchased a new stake in shares of Genworth Financial during the fourth quarter worth approximately $71,000. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

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.