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

Genworth Financial, Inc. (NYSE:GNW) saw some unusual options trading on Tuesday. Traders acquired 8,266 call options on the company. This is an increase of approximately 877% compared to the typical volume of 846 call options.

Institutional Trading of Genworth Financial

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Genworth Financial by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 30,294,780 shares of the financial services provider’s stock valued at $202,371,000 after purchasing an additional 534,650 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Genworth Financial by 18.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 21,175,252 shares of the financial services provider’s stock valued at $141,451,000 after buying an additional 3,283,110 shares during the period. LSV Asset Management lifted its holdings in shares of Genworth Financial by 15.9% during the 4th quarter. LSV Asset Management now owns 5,821,232 shares of the financial services provider’s stock valued at $38,886,000 after buying an additional 797,278 shares during the period. Invesco Ltd. boosted its stake in shares of Genworth Financial by 7.2% in the 3rd quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider’s stock worth $30,676,000 after buying an additional 350,729 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Genworth Financial by 10.2% in the third quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider’s stock worth $30,527,000 after acquiring an additional 481,059 shares during the period. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Up 0.2 %

Genworth Financial stock opened at $6.63 on Thursday. Genworth Financial has a 12 month low of $4.83 and a 12 month high of $6.93. The stock has a fifty day simple moving average of $6.22 and a two-hundred day simple moving average of $6.20. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 34.87 and a beta of 1.08.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. The company had revenue of $1.86 billion during the quarter. Genworth Financial had a negative return on equity of 0.21% and a net margin of 1.24%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price target on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th.

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.