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

SG Americas Securities LLC bought a new position in Genworth Financial, Inc. (NYSE:GNW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 725,091 shares of the financial services provider's stock, valued at approximately $5,141,000. SG Americas Securities LLC owned about 0.17% of Genworth Financial as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Genworth Financial during the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC grew its stake in shares of Genworth Financial by 279.5% during 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 during the period. Pennington Partners & CO. LLC bought a new stake in shares of Genworth Financial during the 4th quarter valued at about $84,000. Landscape Capital Management L.L.C. bought a new stake in shares of Genworth Financial during the 4th quarter valued at about $85,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Genworth Financial during the 4th quarter valued at about $86,000. Hedge funds and other institutional investors own 81.85% of the company's stock.

Genworth Financial Stock Performance

Shares of NYSE:GNW traded down $0.11 during mid-day trading on Friday, reaching $6.95. 6,069,187 shares of the company traded hands, compared to its average volume of 4,291,889. The company's 50 day moving average price is $6.85 and its 200-day moving average price is $6.98. The firm has a market cap of $2.88 billion, a PE ratio of 10.22 and a beta of 1.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a 52 week low of $5.87 and a 52 week high of $7.90.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.76 billion for the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GNW. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods boosted their price objective on Genworth Financial from $8.00 to $8.50 and gave the company a "market perform" rating in a research note on Tuesday, May 13th.

Genworth Financial 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.