American Century Companies Inc. Increases Stock Position in Genworth Financial, Inc. (NYSE:GNW)

American Century Companies Inc. increased its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 9.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,054,069 shares of the financial services provider’s stock after buying an additional 590,496 shares during the period. American Century Companies Inc.’s holdings in Genworth Financial were worth $42,607,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Genworth Financial during the first quarter valued at about $25,000. SageView Advisory Group LLC purchased a new stake in Genworth Financial during the 1st quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. raised its position in shares of Genworth Financial by 29.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 2,000 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Genworth Financial during the 1st quarter valued at approximately $67,000. Finally, Heritage Wealth Advisors acquired a new stake in shares of Genworth Financial during the first quarter worth approximately $74,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Insider Buying and Selling at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial 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 of the company’s stock, valued at approximately $31,186,723.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Genworth Financial Stock Up 0.9 %

NYSE:GNW opened at $6.75 on Tuesday. The stock has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.36. Genworth Financial, Inc. has a one year low of $5.32 and a one year high of $7.01. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 35.53 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.

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