Diversified Trust Co lifted its position in Genworth Financial, Inc. (NYSE:GNW – Get Rating) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,947 shares of the financial services provider’s stock after acquiring an additional 11,572 shares during the period. Diversified Trust Co’s holdings in Genworth Financial were worth $423,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Great Lakes Advisors LLC grew its position in Genworth Financial by 6.3% during the fourth quarter. Great Lakes Advisors LLC now owns 47,065 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 2,793 shares in the last quarter. Veriti Management LLC grew its position in Genworth Financial by 21.6% in the fourth quarter. Veriti Management LLC now owns 19,596 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 3,483 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Genworth Financial by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 261,298 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 5,457 shares in the last quarter. First Trust Advisors LP grew its position in Genworth Financial by 0.5% in the fourth quarter. First Trust Advisors LP now owns 1,203,862 shares of the financial services provider’s stock worth $4,876,000 after acquiring an additional 6,079 shares in the last quarter. Finally, Byrne Asset Management LLC grew its position in Genworth Financial by 67.0% in the first quarter. Byrne Asset Management LLC now owns 15,607 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 6,263 shares in the last quarter. 70.67% of the stock is currently owned by hedge funds and other institutional investors.
Separately, StockNews.com initiated coverage on shares of Genworth Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company.
In other news, CEO Thomas J. Mcinerney sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $3.95, for a total value of $395,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,939,625 shares in the company, valued at $15,561,518.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.99% of the stock is currently owned by insiders.
Shares of Genworth Financial stock opened at $3.48 on Friday. The firm has a fifty day simple moving average of $3.87 and a 200-day simple moving average of $3.95. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.12. Genworth Financial, Inc. has a 1-year low of $3.23 and a 1-year high of $4.61. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 2.08 and a beta of 0.86.
Genworth Financial (NYSE:GNW – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported $0.25 earnings per share for the quarter. Genworth Financial had a net margin of 11.19% and a return on equity of 4.65%. The business had revenue of $1.86 billion during the quarter.
Genworth Financial Company Profile (Get Rating)
Genworth Financial, Inc provides insurance products in the United States and internationally. The company operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.
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