Aigen Investment Management LP Boosts Holdings in Genworth Financial, Inc. (NYSE:GNW)

Aigen Investment Management LP boosted its stake in Genworth Financial, Inc. (NYSE:GNW) by 59.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,827 shares of the financial services provider’s stock after acquiring an additional 25,028 shares during the period. Aigen Investment Management LP’s holdings in Genworth Financial were worth $458,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Genworth Financial by 11.5% in the 1st quarter. Covestor Ltd now owns 18,131 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 1,868 shares during the last quarter. Sage Rhino Capital LLC boosted its holdings 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 valued at $132,000 after acquiring an additional 1,950 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Genworth Financial by 72.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 2,022 shares during the last quarter. RMR Wealth Builders grew its position in shares of Genworth Financial by 20.2% during the second quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,120 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Genworth Financial by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 57,835 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 2,241 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $6.88, for a total value of $1,032,000.00. Following the completion of the sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at approximately $31,186,723.52. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Genworth Financial Trading Down 0.8 %

Shares of GNW stock opened at $7.28 on Friday. The company has a market capitalization of $3.11 billion, a P/E ratio of 34.64 and a beta of 0.95. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $6.88 and its two-hundred day moving average is $6.57. Genworth Financial, Inc. has a twelve month low of $5.67 and a twelve month high of $7.48.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Genworth Financial from a “hold” rating to a “buy” rating in a report on Tuesday.

Genworth Financial 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.