Walleye Capital LLC Buys Shares of 131,549 Genworth Financial, Inc. $GNW

Walleye Capital LLC purchased a new position in shares of Genworth Financial, Inc. (NYSE:GNW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 131,549 shares of the financial services provider’s stock, valued at approximately $1,023,000.

Several other hedge funds have also made changes to their positions in GNW. EverSource Wealth Advisors LLC grew its stake in Genworth Financial by 140.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,063 shares of the financial services provider’s stock worth $63,000 after buying an additional 4,708 shares during the last quarter. Strs Ohio bought a new stake in Genworth Financial in the first quarter valued at $82,000. Haven Private LLC acquired a new position in shares of Genworth Financial during the second quarter valued at $88,000. GAMMA Investing LLC boosted its holdings in shares of Genworth Financial by 29.5% during the second quarter. GAMMA Investing LLC now owns 11,770 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 2,679 shares during the period. Finally, Perbak Capital Partners LLP bought a new position in shares of Genworth Financial during the first quarter worth about $95,000. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

GNW stock opened at $8.87 on Thursday. The company has a market capitalization of $3.54 billion, a P/E ratio of 16.73 and a beta of 1.02. The company has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $8.19. Genworth Financial, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $9.15. 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 (NYSE:GNW) last released 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 company had revenue of $1.04 billion for the quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GNW shares. Keefe, Bruyette & Woods increased their price objective on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Genworth Financial in a research report on Monday. Finally, Wall Street Zen raised Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $10.00.

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.