Stock traders buy large volume of Genworth Financial call options (NYSE:GNW)
Genworth Financial, Inc. (NYSE:GNW – Get Rating) saw unusual options trading activity on Wednesday. Investors bought 2,748 call options on the stock. This is a 163% increase from the typical daily volume of 1,043 call options.
Genworth Financial trades up 4.1%
GNW traded down $0.19 during Wednesday’s trading, hitting $4.88. 124,951 shares of the company were traded, against an average volume of 3,422,843. Genworth Financial has a one-year low of $3.43 and a one-year high of $4.75. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt ratio of 0.14. The stock has a market capitalization of $2.46 billion, a PE ratio of 2.97 and a beta of 1.01. The company has a fifty-day moving average price of $4.10 and a two-hundred-day moving average price of $4.00.
Genworth Financial (NYSE:GNW – Get Rating) last released quarterly earnings data on Monday, August 1. The financial services provider reported EPS of $0.34 for the quarter. Genworth Financial had a net margin of 10.65% and a return on equity of 4.73%. The company had revenue of $1.87 billion for the quarter.
Analysts set new price targets
Separately, StockNews.com began covering Genworth Financial shares in a report on Wednesday, October 12. They have set a “holding” rating on the stock.
Insider Activity at Genworth Financial
In related news, CEO Thomas J. Mcinerney sold 100,000 shares of Genworth Financial in a trade that took place on Monday August 8th. The shares were sold at an average price of $4.25, for a total transaction of $425,000.00. As a result of the sale, the CEO now directly owns 3,839,625 shares of the company, valued at approximately $16,318,406.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.99% of the shares are currently held by insiders.
Institutional investors weigh in on Genworth Financial
A number of institutional investors have recently changed their holdings of GNW. Sigma Planning Corp increased its position in Genworth Financial shares by 14.6% during the first quarter. Sigma Planning Corp now owns 109,485 shares of the financial services provider valued at $414,000 after acquiring an additional 13,972 shares during the period. Inspire Investing LLC acquired a new position in shares of Genworth Financial during Q1 worth $238,000. Robeco Institutional Asset Management BV increased its position in shares of Genworth Financial by 27.4% during the 1st quarter. Robeco Institutional Asset Management BV now owns 477,664 shares of the financial services provider valued at US$1,806,000 after acquiring an additional 102,695 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Genworth Financial shares by 144.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 92,737 shares of the financial services provider valued at $351,000 after acquiring an additional 54,736 shares during the period. Finally, Counterpoint Mutual Funds LLC increased its position in Genworth Financial shares by 164.5% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 17,498 shares of the financial services provider valued at $66,000 after acquiring an additional 10,882 shares during the period. 74.20% of the shares are held by institutional investors.
About Genworth Financial
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Genworth Financial, Inc provides insurance products in the United States and internationally. The Company operates in three segments: Enact, US Life Insurance and Runoff. The Enact segment offers mortgage loan insurance products primarily insuring individually underwritten prime rate residential mortgages; and group mortgage loan insurance products.
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