Vise Technologies Inc. Invests $109,000 in Genworth Financial, Inc. $GNW

Vise Technologies Inc. purchased a new stake in Genworth Financial, Inc. (NYSE:GNW) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 14,063 shares of the financial services provider’s stock, valued at approximately $109,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC bought a new position in Genworth Financial during the 1st quarter worth $71,000. Abel Hall LLC acquired a new position in shares of Genworth Financial in the first quarter valued at about $71,000. Strs Ohio bought a new position in Genworth Financial during the first quarter worth about $82,000. Haven Private LLC bought a new position in Genworth Financial during the second quarter worth about $88,000. Finally, GAMMA Investing LLC raised its stake in Genworth Financial by 29.5% in the 2nd quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 2,679 shares in the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Genworth Financial news, CEO Rohit Gupta sold 86,406 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $8.68, for a total transaction of $750,004.08. Following the completion of the sale, the chief executive officer directly owned 794,630 shares in the company, valued at $6,897,388.40. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Genworth Financial Trading Up 1.8%

Shares of Genworth Financial stock opened at $8.42 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. Genworth Financial, Inc. has a 12-month low of $5.99 and a 12-month high of $9.15. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 15.88 and a beta of 1.05. The firm’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $8.02.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%. The firm had revenue of $1.04 billion during the quarter.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Genworth Financial in a research report on Monday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $10.00.

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.