Traders Purchase High Volume of Genworth Financial Call Options (NYSE:GNW)

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) saw unusually large options trading activity on Monday. Traders acquired 6,079 call options on the company. This is an increase of approximately 547% compared to the average volume of 940 call options.

Institutional Investors Weigh In On Genworth Financial

A number of large investors have recently added to or reduced their stakes in GNW. Dimensional Fund Advisors LP grew its holdings in Genworth Financial by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,294,780 shares of the financial services provider's stock worth $202,371,000 after acquiring an additional 534,650 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in Genworth Financial by 18.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 21,175,252 shares of the financial services provider's stock worth $141,451,000 after acquiring an additional 3,283,110 shares in the last quarter. LSV Asset Management grew its holdings in Genworth Financial by 15.9% during the 4th quarter. LSV Asset Management now owns 5,821,232 shares of the financial services provider's stock worth $38,886,000 after acquiring an additional 797,278 shares in the last quarter. Invesco Ltd. grew its holdings in Genworth Financial by 7.2% during the 3rd quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider's stock worth $30,676,000 after acquiring an additional 350,729 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Genworth Financial by 10.2% during the 3rd quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider's stock worth $30,527,000 after acquiring an additional 481,059 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Performance

Shares of GNW stock traded up $0.02 during mid-day trading on Monday, reaching $6.02. The company's stock had a trading volume of 1,760,256 shares, compared to its average volume of 2,748,704. The company's 50 day simple moving average is $6.19 and its 200-day simple moving average is $6.17. Genworth Financial has a 12-month low of $4.51 and a 12-month high of $6.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30.

Genworth Financial (NYSE:GNW - Get Free Report) last issued its earnings results on Wednesday, February 21st. The financial services provider reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.70). The business had revenue of $1.91 billion during the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same quarter in the previous year, the company posted $0.35 earnings per share.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on shares of Genworth Financial from $6.50 to $7.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th.

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.