Headlands Technologies LLC Purchases 27,382 Shares of Genworth Financial, Inc. (NYSE:GNW)

Headlands Technologies LLC lifted its position in Genworth Financial, Inc. (NYSE:GNW) by 706.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,258 shares of the financial services provider’s stock after acquiring an additional 27,382 shares during the quarter. Headlands Technologies LLC’s holdings in Genworth Financial were worth $189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GNW. SageView Advisory Group LLC bought a new stake in shares of Genworth Financial in the first quarter valued at about $30,000. Activest Wealth Management bought a new stake in shares of Genworth Financial in the first quarter valued at about $31,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Genworth Financial by 29.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 2,000 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Genworth Financial in the first quarter valued at about $67,000. Finally, Heritage Wealth Advisors bought a new stake in shares of Genworth Financial in the first quarter valued at about $74,000. 81.85% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,532,954 shares in the company, valued at $31,186,723.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Genworth Financial Stock Performance

Shares of Genworth Financial stock opened at $6.69 on Friday. The company has a market capitalization of $2.89 billion, a PE ratio of 35.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50-day simple moving average of $6.58 and a two-hundred day simple moving average of $6.35. Genworth Financial, Inc. has a one year low of $5.32 and a one year high of $7.01.

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

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.