Genworth Financial, Inc. $GNW Shares Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP increased its stake in Genworth Financial by 200.1% in the first quarter, acquiring an additional 34,541 shares and holding a total of 51,800 shares valued at $367,000.
• Institutional investors own approximately 81.85% of Genworth Financial’s stock, with significant recent acquisitions by firms such as Boone Capital Management and Nuveen Asset Management.
• Wall Street analysts have mixed views, with one firm downgrading Genworth’s rating from "hold" to "sell," while another raised the price target from $9.00 to $9.50 and maintained an "outperform" rating.

Entropy Technologies LP increased its position in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 200.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,800 shares of the financial services provider's stock after purchasing an additional 34,541 shares during the period. Entropy Technologies LP's holdings in Genworth Financial were worth $367,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GNW. Boone Capital Management LLC purchased a new stake in Genworth Financial in the 4th quarter valued at about $10,741,000. Nuveen Asset Management LLC boosted its position in Genworth Financial by 106.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock valued at $18,615,000 after buying an additional 1,375,637 shares during the period. Raymond James Financial Inc. purchased a new stake in Genworth Financial in the 4th quarter valued at about $7,496,000. Northern Trust Corp boosted its position in Genworth Financial by 18.1% in the 4th quarter. Northern Trust Corp now owns 6,025,178 shares of the financial services provider's stock valued at $42,116,000 after buying an additional 922,126 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Genworth Financial in the 1st quarter valued at about $5,141,000. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Trading Up 0.2%

Genworth Financial stock traded up $0.02 during trading hours on Monday, hitting $8.35. The company had a trading volume of 1,210,777 shares, compared to its average volume of 6,262,345. The company has a 50-day moving average price of $7.70 and a two-hundred day moving average price of $7.17. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $8.60. The firm has a market cap of $3.43 billion, a P/E ratio of 18.59 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

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 for the quarter, topping the consensus estimate of $0.05 by $0.11. The firm 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%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GNW shares. Keefe, Bruyette & Woods boosted 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. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

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.