Genworth Financial, Inc. (NYSE:GNW) CEO Sells $1,032,000.00 in Stock

Genworth Financial, Inc. (NYSE:GNW) CEO Thomas J. Mcinerney sold 150,000 shares of Genworth Financial stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $6.88, for a total value of $1,032,000.00. Following the transaction, the chief executive officer now directly owns 4,532,954 shares in the company, valued at approximately $31,186,723.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Genworth Financial Price Performance

Shares of NYSE:GNW opened at $6.91 on Friday. Genworth Financial, Inc. has a one year low of $5.32 and a one year high of $6.97. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 36.37 and a beta of 0.92. The company has a 50-day simple moving average of $6.43 and a 200-day simple moving average of $6.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The firm had revenue of $1.77 billion during the quarter. During the same period in the prior year, the company earned $0.29 earnings per share.

Institutional Trading of Genworth Financial

Several hedge funds have recently made changes to their positions in GNW. Algert Global LLC boosted its holdings in Genworth Financial by 52.1% in the 2nd quarter. Algert Global LLC now owns 593,031 shares of the financial services provider’s stock valued at $3,582,000 after purchasing an additional 203,031 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Genworth Financial by 277.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 258,566 shares of the financial services provider’s stock valued at $1,562,000 after purchasing an additional 190,134 shares in the last quarter. Mackenzie Financial Corp boosted its position in Genworth Financial by 4.3% during the second quarter. Mackenzie Financial Corp now owns 104,156 shares of the financial services provider’s stock worth $629,000 after acquiring an additional 4,320 shares during the last quarter. Millennium Management LLC increased its stake in Genworth Financial by 51.5% in the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock valued at $16,785,000 after purchasing an additional 944,677 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Genworth Financial by 93.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock worth $24,478,000 after acquiring an additional 1,958,632 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th.

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.