Capital Fund Management S.A. Invests $701,000 in Genworth Financial, Inc. $GNW

Key Points

• Capital Fund Management S.A. has acquired approximately 98,903 shares of Genworth Financial, Inc., valued at around $701,000, marking the firm's new stake in the company.
• Genworth Financial's stock has received a consensus rating of "Buy" with new price targets set by analysts, including an increase from $9.00 to $9.50 by Keefe, Bruyette & Woods.
• The company reported $0.16 earnings per share for the latest quarter, exceeding expectations, with total revenues of $1.80 billion.

Capital Fund Management S.A. purchased a new position in Genworth Financial, Inc. (NYSE:GNW - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 98,903 shares of the financial services provider's stock, valued at approximately $701,000.

Other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC increased its holdings in shares of Genworth Financial by 69.5% in the 1st quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock worth $54,000 after buying an additional 3,115 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of Genworth Financial in the 1st quarter worth $71,000. Abel Hall LLC bought a new position in shares of Genworth Financial during the 1st quarter valued at $71,000. Pennington Partners & CO. LLC bought a new position in shares of Genworth Financial during the 4th quarter valued at $84,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Genworth Financial during the 4th quarter valued at $86,000. Institutional investors own 81.85% of the company's stock.

Insider Activity at Genworth Financial

In other news, CEO Rohit Gupta sold 86,406 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $8.68, for a total value of $750,004.08. Following the completion of the sale, the chief executive officer directly owned 794,630 shares of the company's stock, valued at approximately $6,897,388.40. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

Genworth Financial Trading Down 0.1%

Genworth Financial stock traded down $0.01 during trading hours on Friday, reaching $8.58. The stock had a trading volume of 2,956,413 shares, compared to its average volume of 5,157,722. The stock has a market cap of $3.52 billion, a PE ratio of 19.06 and a beta of 1.12. Genworth Financial, Inc. has a 52 week low of $5.99 and a 52 week high of $8.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. The company has a fifty day simple moving average of $7.97 and a 200-day simple moving average of $7.26.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.11. The business had revenue of $1.80 billion for the quarter. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%.

Analysts Set New Price Targets

Several research firms recently commented on GNW. Wall Street Zen raised shares of Genworth Financial from a "sell" rating to a "hold" rating in a report on Saturday. Keefe, Bruyette & Woods increased their target price on shares of Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Genworth Financial has an average rating of "Buy" and an average target price of $9.50.

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.