Quantbot Technologies LP Increases Holdings in Genworth Financial, Inc. $GNW

Key Points

• Quantbot Technologies LP increased its holdings in Genworth Financial by 163.3%, acquiring a total of 93,379 shares worth approximately $662,000.
• American Century Companies Inc. also increased its stake in Genworth Financial by 11.6%, owning over 8 million shares valued at around $57 million.
• Despite mixed ratings from analysts, Genworth Financial recently reported earnings of $0.16 per share, exceeding expectations by $0.11.

Quantbot Technologies LP increased its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 163.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,379 shares of the financial services provider's stock after acquiring an additional 57,919 shares during the quarter. Quantbot Technologies LP's holdings in Genworth Financial were worth $662,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC lifted its position in Genworth Financial by 69.5% during the first quarter. Byrne Asset Management LLC now owns 7,595 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 3,115 shares during the last quarter. Abel Hall LLC bought a new position in Genworth Financial during the first quarter valued at $71,000. Blueshift Asset Management LLC bought a new position in Genworth Financial during the first quarter valued at $71,000. Pennington Partners & CO. LLC bought a new position in Genworth Financial during the fourth quarter valued at $84,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Genworth Financial during the fourth quarter valued at $86,000. Institutional investors own 81.85% of the company's stock.

Insider Buying and Selling at Genworth Financial

In related news, CEO Rohit Gupta sold 86,406 shares of Genworth Financial stock in a transaction dated 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 in the company, 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 the SEC website. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Genworth Financial Trading Down 0.1%

Shares of GNW traded down $0.01 during midday trading on Friday, hitting $8.58. The stock had a trading volume of 2,956,413 shares, compared to its average volume of 5,157,722. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $8.74. The firm has a market cap of $3.52 billion, a PE ratio of 19.06 and a beta of 1.12. 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 stock's 50 day moving average is $7.97 and its 200 day moving average is $7.26.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its 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. Genworth Financial had a net margin of 2.61% and a return on equity of 1.91%. The business had revenue of $1.80 billion for the quarter.

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.