SG Americas Securities LLC Invests $5.14 Million in Genworth Financial, Inc. (NYSE:GNW)

SG Americas Securities LLC acquired a new stake in Genworth Financial, Inc. (NYSE:GNW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 725,091 shares of the financial services provider's stock, valued at approximately $5,141,000. SG Americas Securities LLC owned approximately 0.17% of Genworth Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new position in Genworth Financial in the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its holdings in Genworth Financial by 279.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 10,494 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 7,729 shares in the last quarter. Pennington Partners & CO. LLC purchased a new position in shares of Genworth Financial during the fourth quarter valued at approximately $84,000. Landscape Capital Management L.L.C. purchased a new position in shares of Genworth Financial during the fourth quarter valued at approximately $85,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Genworth Financial during the fourth quarter valued at approximately $86,000. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 3.3%

Shares of GNW stock traded up $0.23 during mid-day trading on Monday, reaching $7.18. The company's stock had a trading volume of 11,399,378 shares, compared to its average volume of 4,320,320. The company's 50 day simple moving average is $6.85 and its 200-day simple moving average is $6.97. 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, Inc. has a 12-month low of $5.87 and a 12-month high of $7.90. The firm has a market capitalization of $2.98 billion, a PE ratio of 10.56 and a beta of 1.03.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The business had revenue of $1.76 billion for the quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GNW. Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Genworth Financial Company Profile

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.