341,481 Shares in Genworth Financial, Inc. $GNW Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC has acquired 341,481 shares of Genworth Financial, valued at approximately $2.657 million, making it the firm's 12th largest holding.
• Genworth Financial's stock has received mixed ratings, with analysts giving it a consensus target price of $9.50 and a mixture of "buy", "hold", and "sell" recommendations.
• The company reported earnings of $0.16 per share for the last quarter, surpassing projections, alongside a revenue of $1.80 billion.

Counterpoint Mutual Funds LLC purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 341,481 shares of the financial services provider's stock, valued at approximately $2,657,000. Genworth Financial accounts for about 0.2% of Counterpoint Mutual Funds LLC's portfolio, making the stock its 12th biggest holding. Counterpoint Mutual Funds LLC owned about 0.08% of Genworth Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of GNW. Nuveen LLC acquired a new stake in Genworth Financial during the first quarter worth about $24,661,000. Donald Smith & CO. Inc. boosted its position in Genworth Financial by 4.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider's stock worth $192,242,000 after buying an additional 1,165,112 shares during the period. American Century Companies Inc. boosted its position in Genworth Financial by 11.6% during the 1st quarter. American Century Companies Inc. now owns 8,056,534 shares of the financial services provider's stock worth $57,121,000 after buying an additional 836,192 shares during the period. Trexquant Investment LP raised its holdings in Genworth Financial by 162.4% during the 1st quarter. Trexquant Investment LP now owns 1,330,661 shares of the financial services provider's stock worth $9,434,000 after purchasing an additional 823,470 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Genworth Financial during the 1st quarter worth approximately $5,141,000. 81.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GNW has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Genworth Financial presently has an average rating of "Buy" and a consensus target price of $9.50.

Genworth Financial Trading Down 0.1%

Shares of GNW opened at $9.03 on Tuesday. The business's 50-day moving average price is $8.27 and its 200-day moving average price is $7.46. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $9.06. The stock has a market cap of $3.70 billion, a PE ratio of 20.06 and a beta of 0.94. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.11. The firm had revenue of $1.80 billion for the quarter. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.

Insider Buying and Selling at Genworth Financial

In related news, CEO Rohit Gupta sold 86,406 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $8.68, for a total value of $750,004.08. Following the transaction, the chief executive officer directly owned 794,630 shares in the company, valued at approximately $6,897,388.40. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company's stock.

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.

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