Caxton Associates LLP Invests $3.99 Million in Genworth Financial, Inc. $GNW

Key Points

• Caxton Associates LLP has acquired a total of 562,775 shares of Genworth Financial, valued at approximately $3,990,000, representing about 0.14% of the company.
• Genworth Financial's stock is trading at $8.58, with a 52-week range of $5.99 to $8.74 and a market capitalization of $3.52 billion.
• The company recently reported earnings of $0.16 per share, surpassing analysts' expectations of $0.05, and had a net margin of 2.61% for the last quarter.

Caxton Associates LLP purchased 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 & Exchange Commission. The institutional investor purchased 562,775 shares of the financial services provider's stock, valued at approximately $3,990,000. Caxton Associates LLP owned approximately 0.14% of Genworth Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of GNW. Xponance Inc. lifted its holdings in shares of Genworth Financial by 4.8% in the first quarter. Xponance Inc. now owns 32,525 shares of the financial services provider's stock worth $231,000 after acquiring an additional 1,493 shares during the last quarter. NDVR Inc. raised its holdings in Genworth Financial by 8.6% in the 4th quarter. NDVR Inc. now owns 24,329 shares of the financial services provider's stock valued at $170,000 after buying an additional 1,922 shares during the last quarter. Forum Financial Management LP raised its holdings in Genworth Financial by 12.6% in the 4th quarter. Forum Financial Management LP now owns 23,131 shares of the financial services provider's stock valued at $162,000 after buying an additional 2,584 shares during the last quarter. Byrne Asset Management LLC raised its holdings in 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 valued at $54,000 after buying an additional 3,115 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Genworth Financial by 20.0% in the 1st quarter. HighTower Advisors LLC now owns 21,111 shares of the financial services provider's stock valued at $150,000 after buying an additional 3,521 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GNW. Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. Keefe, Bruyette & Woods raised their price objective 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $9.50.

Insider Activity at Genworth Financial

In other news, CEO Rohit Gupta sold 86,406 shares of the firm'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 transaction of $750,004.08. Following the completion of the sale, the chief executive officer owned 794,630 shares of the company's stock, valued at $6,897,388.40. This trade represents a 9.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Genworth Financial Trading Down 0.1%

NYSE:GNW traded down $0.01 on Friday, reaching $8.80. 3,795,184 shares of the stock traded hands, compared to its average volume of 3,609,003. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.56 and a beta of 0.94. The company's 50 day moving average is $8.13 and its 200-day moving average is $7.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a 1-year low of $5.99 and a 1-year high of $8.85.

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

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.