Denali Advisors LLC Has $3.41 Million Holdings in Genworth Financial, Inc. (NYSE:GNW)

Denali Advisors LLC increased its holdings in Genworth Financial, Inc. (NYSE:GNW) by 69.8% in the first quarter, HoldingsChannel reports. The firm owned 530,300 shares of the financial services provider’s stock after purchasing an additional 218,000 shares during the period. Denali Advisors LLC’s holdings in Genworth Financial were worth $3,410,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GNW. Nisa Investment Advisors LLC boosted its stake in shares of Genworth Financial by 10.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 21,640 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 2,000 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Genworth Financial by 29.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 2,000 shares during the last quarter. Navellier & Associates Inc. raised its position in shares of Genworth Financial by 11.3% in the fourth quarter. Navellier & Associates Inc. now owns 25,309 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 2,570 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Genworth Financial by 6.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 46,509 shares of the financial services provider’s stock worth $311,000 after buying an additional 3,009 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Genworth Financial by 25.8% during the 4th quarter. Strs Ohio now owns 19,000 shares of the financial services provider’s stock worth $126,000 after buying an additional 3,900 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Thomas J. Mcinerney sold 200,000 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $6.27, for a total value of $1,254,000.00. Following the completion of the transaction, the chief executive officer now owns 4,361,980 shares in the company, valued at approximately $27,349,614.60. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

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

Genworth Financial Stock Performance

NYSE GNW traded down $0.09 during trading on Wednesday, hitting $6.03. The company’s stock had a trading volume of 1,136,700 shares, compared to its average volume of 2,798,696. Genworth Financial, Inc. has a 52 week low of $5.12 and a 52 week high of $6.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.64 billion, a P/E ratio of 32.24 and a beta of 0.92. The firm has a 50 day moving average price of $6.26 and a 200 day moving average price of $6.28.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. Genworth Financial had a net margin of 1.24% and a negative return on equity of 0.21%. The business had revenue of $1.86 billion during the quarter.

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.