Jump Financial LLC Raises Stock Holdings in Genworth Financial, Inc. $GNW

Key Points

• Jump Financial LLC increased its stake in Genworth Financial by 81.4%, owning approximately 0.15% of the company valued at about $4.5 million.
• Several institutional investors, including Donald Smith & CO. Inc. and American Century Companies Inc., have also raised their stakes in Genworth Financial during the first quarter.
• Analysts have mixed ratings on Genworth Financial, with a consensus rating of "Buy" and an average price target of $9.50 amidst changes in analyst recommendations.

Jump Financial LLC raised its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 81.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 636,378 shares of the financial services provider's stock after purchasing an additional 285,636 shares during the period. Jump Financial LLC owned approximately 0.15% of Genworth Financial worth $4,512,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Byrne Asset Management LLC boosted its holdings 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 worth $54,000 after purchasing an additional 3,115 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of Genworth Financial during the 1st quarter worth about $71,000. Blueshift Asset Management LLC acquired a new stake in shares of Genworth Financial during the 1st quarter worth about $71,000. Pennington Partners & CO. LLC bought a new position in Genworth Financial during the fourth quarter worth about $84,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Genworth Financial during the fourth quarter worth about $86,000. Institutional investors own 81.85% of the company's stock.

Genworth Financial Price Performance

Shares of Genworth Financial stock traded down $0.01 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. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $8.74. The company has a market cap of $3.52 billion, a P/E ratio of 19.06 and a beta of 1.12. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $7.97 and its two-hundred day moving average is $7.26.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, topping 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 company had revenue of $1.80 billion for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GNW. Wall Street Zen raised shares of Genworth Financial from a "sell" rating to a "hold" rating in a research report on Saturday. Keefe, Bruyette & Woods lifted their price target 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Genworth Financial has an average rating of "Buy" and an average target price of $9.50.

Insider Buying and Selling at Genworth Financial

In related news, CEO Rohit Gupta sold 86,406 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was 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 owned 794,630 shares of the company's stock, valued at $6,897,388.40. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.80% of the company's stock.

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.