Genworth Financial Sees Unusually High Options Volume (NYSE:GNW)

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) saw unusually large options trading on Wednesday. Investors acquired 4,943 call options on the stock. This is an increase of 258% compared to the typical daily volume of 1,382 call options.

Genworth Financial Price Performance

Shares of NYSE:GNW traded up $0.00 during trading on Friday, reaching $7.78. 12,478,721 shares of the company's stock traded hands, compared to its average volume of 4,472,412. The firm has a market cap of $3.22 billion, a PE ratio of 15.56 and a beta of 1.03. Genworth Financial has a fifty-two week low of $5.95 and a fifty-two week high of $7.90. The company has a 50-day simple moving average of $6.95 and a 200-day simple moving average of $6.97. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The company had revenue of $1.76 billion during the quarter. Genworth Financial had a net margin of 2.97% and a return on equity of 2.53%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GNW shares. Wall Street Zen cut Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods upgraded Genworth Financial from a "market perform" rating to an "outperform" rating and raised their target price for the company from $8.50 to $9.00 in a research report on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GNW. Savant Capital LLC lifted its stake in Genworth Financial by 11.9% in the 4th quarter. Savant Capital LLC now owns 17,155 shares of the financial services provider's stock valued at $120,000 after buying an additional 1,830 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Genworth Financial by 4.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 948,125 shares of the financial services provider's stock valued at $6,627,000 after buying an additional 36,035 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Genworth Financial by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 550,940 shares of the financial services provider's stock valued at $3,851,000 after buying an additional 13,633 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Genworth Financial by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,071,155 shares of the financial services provider's stock valued at $14,477,000 after buying an additional 34,548 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Genworth Financial by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 43,219 shares of the financial services provider's stock valued at $302,000 after buying an additional 2,003 shares in the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

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.