SG Americas Securities LLC Boosts Stock Position in Genworth Financial, Inc. $GNW

Key Points

• SG Americas Securities LLC increased its stake in Genworth by 334.6%, buying an additional 334,280 shares to own 434,183 shares worth about $3.92 million (≈0.11% of the company) at quarter end.
• Institutional ownership is high at 81.85%, with other notable moves including Hudson Bay Capital's 849,629‑share position, indicating heavy hedge fund and institutional interest.
• Analysts are mixed but the consensus is a "Moderate Buy" with an average target of $10.50; meanwhile Genworth recently missed earnings (Q4 EPS $0.02 vs. $0.16 expected) and the stock trades near $8.40 with a ~$3.25 billion market cap.

SG Americas Securities LLC grew its position in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 334.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 434,183 shares of the financial services provider's stock after purchasing an additional 334,280 shares during the period. SG Americas Securities LLC owned approximately 0.11% of Genworth Financial worth $3,921,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in Genworth Financial by 15.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,257 shares of the financial services provider's stock valued at $616,000 after buying an additional 9,438 shares during the last quarter. GAMMA Investing LLC increased its holdings in Genworth Financial by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 15,559 shares of the financial services provider's stock worth $140,000 after buying an additional 1,876 shares during the period. Hudson Bay Capital Management LP raised its position in Genworth Financial by 17.7% during the 3rd quarter. Hudson Bay Capital Management LP now owns 849,629 shares of the financial services provider's stock worth $7,562,000 after buying an additional 127,722 shares during the last quarter. Severin Investments LLC purchased a new position in Genworth Financial during the 3rd quarter worth approximately $529,000. Finally, Swiss Life Asset Management Ltd lifted its stake in Genworth Financial by 99.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 20,997 shares of the financial services provider's stock valued at $187,000 after acquiring an additional 10,466 shares during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GNW shares. Keefe, Bruyette & Woods reaffirmed a "moderate buy" rating and issued a $10.50 price objective on shares of Genworth Financial in a report on Thursday, March 26th. Wall Street Zen cut shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Finally, Weiss Ratings downgraded shares of Genworth Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Genworth Financial presently has an average rating of "Moderate Buy" and an average target price of $10.50.

Genworth Financial Stock Up 2.5%

Shares of GNW stock opened at $8.40 on Friday. Genworth Financial, Inc. has a twelve month low of $5.99 and a twelve month high of $9.28. The stock has a market cap of $3.25 billion, a P/E ratio of 15.84 and a beta of 1.00. The stock has a 50 day moving average of $8.44 and a 200 day moving average of $8.63. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.14). The company had revenue of $1.04 billion during the quarter. Genworth Financial had a return on equity of 1.48% and a net margin of 3.05%.

About Genworth Financial

Genworth Financial NYSE: GNW is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company's Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.

Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial, Inc. (NYSE:GNW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.