Genworth Financial Sees Unusually High Options Volume (NYSE:GNW)

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors purchased 4,564 call options on the company. This is an increase of 140% compared to the average volume of 1,904 call options.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Genworth Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

Genworth Financial Price Performance

Shares of GNW stock traded down $0.04 on Monday, reaching $6.91. The company's stock had a trading volume of 5,016,089 shares, compared to its average volume of 2,917,073. The company has a market capitalization of $2.95 billion, a P/E ratio of 10.16 and a beta of 1.00. Genworth Financial has a 12-month low of $5.67 and a 12-month high of $7.90. The stock's 50 day simple moving average is $7.03 and its 200-day simple moving average is $7.04. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $1.82 billion during the quarter. Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. During the same quarter in the prior year, the firm posted ($0.51) earnings per share.

Remove Ads

Institutional Investors Weigh In On Genworth Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC increased its holdings in shares of Genworth Financial by 900.7% in the 3rd quarter. Verition Fund Management LLC now owns 970,185 shares of the financial services provider's stock worth $6,646,000 after buying an additional 873,237 shares during the last quarter. JPMorgan Chase & Co. grew its position in Genworth Financial by 30.1% in the third quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider's stock worth $13,337,000 after acquiring an additional 450,329 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Genworth Financial by 19.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,171,821 shares of the financial services provider's stock valued at $14,877,000 after acquiring an additional 348,627 shares during the last quarter. Barclays PLC raised its position in Genworth Financial by 291.2% during the third quarter. Barclays PLC now owns 744,853 shares of the financial services provider's stock valued at $5,103,000 after purchasing an additional 554,462 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Genworth Financial by 155.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 431,129 shares of the financial services provider's stock worth $2,953,000 after purchasing an additional 262,027 shares during the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

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.