Vise Technologies Inc. Acquires New Stake in Genworth Financial, Inc. $GNW

Vise Technologies Inc. bought a new position in Genworth Financial, Inc. (NYSE:GNW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,063 shares of the financial services provider’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. grew its holdings in shares of Genworth Financial by 4.5% during the first quarter. Donald Smith & CO. Inc. now owns 27,114,581 shares of the financial services provider’s stock worth $192,242,000 after buying an additional 1,165,112 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Genworth Financial by 11.6% in the first quarter. American Century Companies Inc. now owns 8,056,534 shares of the financial services provider’s stock valued at $57,121,000 after purchasing an additional 836,192 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Genworth Financial by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,269,135 shares of the financial services provider’s stock worth $37,358,000 after purchasing an additional 74,123 shares in the last quarter. Nuveen LLC acquired a new position in Genworth Financial during the first quarter worth $24,661,000. Finally, Bracebridge Capital LLC grew its position in Genworth Financial by 12.6% in the first quarter. Bracebridge Capital LLC now owns 1,969,200 shares of the financial services provider’s stock valued at $13,962,000 after purchasing an additional 220,000 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Genworth Financial Trading Up 1.8%

Shares of NYSE:GNW opened at $8.42 on Wednesday. Genworth Financial, Inc. has a 52-week low of $5.99 and a 52-week high of $9.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $3.36 billion, a P/E ratio of 15.88 and a beta of 1.05. The company has a 50-day simple moving average of $8.67 and a 200 day simple moving average of $8.02.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share (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 business had revenue of $1.04 billion during the quarter.

Insider Transactions at Genworth Financial

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 shares were sold at an average price of $8.68, for a total value of $750,004.08. Following the transaction, the chief executive officer directly owned 794,630 shares in the company, valued at $6,897,388.40. The trade was 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 this hyperlink. 1.80% of the stock is owned by corporate insiders.

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.