Susquehanna Fundamental Investments LLC Buys 190,134 Shares of Genworth Financial, Inc. (NYSE:GNW)

Susquehanna Fundamental Investments LLC raised its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 277.8% during the 2nd quarter, Holdings Channel reports. The fund owned 258,566 shares of the financial services provider’s stock after purchasing an additional 190,134 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Genworth Financial were worth $1,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GNW. Franklin Resources Inc. boosted its position in Genworth Financial by 14.8% during the 4th quarter. Franklin Resources Inc. now owns 339,259 shares of the financial services provider’s stock valued at $2,266,000 after acquiring an additional 43,810 shares in the last quarter. TD Asset Management Inc boosted its position in Genworth Financial by 455.7% during the 4th quarter. TD Asset Management Inc now owns 193,400 shares of the financial services provider’s stock valued at $1,292,000 after acquiring an additional 158,600 shares in the last quarter. TFO Wealth Partners LLC boosted its position in Genworth Financial by 127,786.7% during the 4th quarter. TFO Wealth Partners LLC now owns 19,183 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 19,168 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Genworth Financial during the 4th quarter valued at $390,000. Finally, Quantedge Capital Pte Ltd acquired a new stake in shares of Genworth Financial in the 4th quarter worth $102,000. Institutional investors own 81.85% of the company’s stock.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction dated 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 sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at approximately $31,186,723.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Genworth Financial Stock Down 0.9 %

Shares of GNW stock opened at $6.79 on Wednesday. Genworth Financial, Inc. has a 1-year low of $5.32 and a 1-year high of $7.01. The stock’s fifty day moving average price is $6.70 and its 200 day moving average price is $6.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 35.74 and a beta of 0.94.

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

Wall Street Analyst Weigh In

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

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.