Intech Investment Management LLC Takes $573,000 Position in Genworth Financial, Inc. (NYSE:GNW)

Intech Investment Management LLC bought a new stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,903 shares of the financial services provider's stock, valued at approximately $573,000.

Several other large investors also recently added to or reduced their stakes in GNW. First Trust Direct Indexing L.P. boosted its position in shares of Genworth Financial by 9.9% in the first quarter. First Trust Direct Indexing L.P. now owns 19,670 shares of the financial services provider's stock worth $126,000 after purchasing an additional 1,780 shares during the period. Covestor Ltd boosted its position in shares of Genworth Financial by 11.5% in the first quarter. Covestor Ltd now owns 18,131 shares of the financial services provider's stock worth $117,000 after purchasing an additional 1,868 shares during the period. Sage Rhino Capital LLC boosted its position in shares of Genworth Financial by 9.8% in the second quarter. Sage Rhino Capital LLC now owns 21,899 shares of the financial services provider's stock worth $132,000 after purchasing an additional 1,950 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Genworth Financial by 29.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider's stock worth $58,000 after purchasing an additional 2,000 shares during the period. Finally, RMR Wealth Builders boosted its position in shares of Genworth Financial by 20.2% in the second quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider's stock worth $76,000 after purchasing an additional 2,120 shares during the period. 81.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genworth Financial from a "buy" rating to a "hold" rating in a research report on Friday, September 6th.

Genworth Financial Price Performance

GNW stock opened at $6.77 on Friday. Genworth Financial, Inc. has a one year low of $5.32 and a one year high of $7.01. The company's fifty day moving average price is $6.69 and its 200-day moving average price is $6.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2.96 billion, a PE ratio of 35.63 and a beta of 0.94.

Genworth Financial (NYSE:GNW - Get Free Report) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The firm had revenue of $1.77 billion for the quarter. During the same period last year, the firm posted $0.29 EPS.

Insider Transactions at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the business's stock in a transaction on Monday, August 26th. The shares were 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 owns 4,532,954 shares of the company's stock, valued at $31,186,723.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company's stock.

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.