Investors Buy High Volume of Call Options on Genworth Financial (NYSE:GNW)

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) was the target of unusually large options trading activity on Tuesday. Traders acquired 8,266 call options on the company. This is an increase of 877% compared to the typical daily volume of 846 call options.

Genworth Financial Stock Down 0.7 %

Shares of NYSE GNW traded down $0.04 during mid-day trading on Tuesday, reaching $6.62. The company had a trading volume of 2,766,858 shares, compared to its average volume of 2,810,500. Genworth Financial has a twelve month low of $4.83 and a twelve month high of $6.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.30 and a current ratio of 0.29. The stock has a market capitalization of $2.91 billion, a PE ratio of 34.82 and a beta of 1.08. The stock's 50 day moving average is $6.21 and its 200-day moving average is $6.19.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share for the quarter. The business had revenue of $1.86 billion for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped 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.

Institutional Investors Weigh In On Genworth Financial

A number of large investors have recently bought and sold shares of the business. First Trust Direct Indexing L.P. boosted its holdings in Genworth Financial by 9.9% in the first quarter. First Trust Direct Indexing L.P. now owns 19,670 shares of the financial services provider's stock worth $126,000 after purchasing an additional 1,780 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Genworth Financial by 10.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,640 shares of the financial services provider's stock worth $145,000 after purchasing an additional 2,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Genworth Financial by 29.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider's stock worth $58,000 after purchasing an additional 2,000 shares in the last quarter. Covestor Ltd boosted its holdings in Genworth Financial by 16.8% in the third quarter. Covestor Ltd now owns 16,817 shares of the financial services provider's stock worth $99,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its holdings in Genworth Financial by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 25,309 shares of the financial services provider's stock valued at $169,000 after acquiring an additional 2,570 shares during the period. 81.85% of the stock is currently owned by institutional investors.

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.