Genworth Financial, Inc. (GNW): Institutional Investors Don’t Hold All The Cards

Genworth Financial, Inc. (NYSE:GNW) has made a 69.55% comeback from a 12-month low price of $2.66. It was seen 6.87% higher, changing the price to $4.51, when the closing bell rang on 12/21/2018. At recent session, the prices were hovering between $4.12 and $4.57. This company shares are -0.22% up from its target price of $4.5 and the current market capitalization stands at $2.26B. The recent change has given its price a 4.74% lead over SMA 50 and -8.52% deficit over its 52-week high. The stock witnessed 4.88% gains, 5.87% gains and 0% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GNW’s volatility during a week at 5.75% and during a month it has been found around 4.27%.

Genworth Financial, Inc. (GNW) Top Holders

Institutional investors currently hold around $1.49 billion or 66.8% in GNW stock. Look at its top three institutional owners. Blackrock Inc. owns $257 million in Genworth Financial, Inc., which represents roughly 11.37% of the company’s market cap and approximately 17.28% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 45,142,707 shares of the stock are valued at $203.59 million. The third largest holder is Miller Value Partners, Llc, which currently holds $95.45 million worth of this stock and that ownership represents nearly 4.22% of its market capitalization.

Genworth Financial, Inc. 13F Filings

At the end of September reporting period, 126 institutional holders increased their position in Genworth Financial, Inc. (NYSE:GNW) by some 23,629,845 shares, 119 decreased positions by 18,137,836 and 69 held positions by 288,023,410. That puts total institutional holdings at 329,791,091 shares, according to SEC filings. The stock grabbed 32 new institutional investments totaling 2,612,465 shares while 37 institutional investors sold out their entire positions totaling 7,241,561 shares.

Genworth Financial, Inc. (NYSE:GNW) Insider Trades

Multiple company employees have indulged in significant insider trading. Genworth Financial, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO; Director Mcinerney Thomas J has acquired 30,000 shares of Genworth Financial, Inc. (GNW) in trading session dated Aug. 31, 2015. These shares are worth $156,300 and were traded at $5.21 each. The SEC filing shows that Parke James A performed a purchase of 50,000 shares. The Director added these shares by way of transaction on Aug. 26, 2015. The company’s shares were assimilated at $4.51 per share worth to an investment of some $225,500 on account of Parke James A.

EVP – Human Resources, Laming Michael S, purchased 25,000 common shares of Genworth Financial, Inc. (GNW) in the open market. In a transaction dated Aug. 26, 2015, the shares were bought at an average price of $4.5, giving away a sum of $112,500. After this purchase, 108,360 common shares of GNW are directly owned by the insider, with total stake valued at $488,704.

In the transaction dated Aug. 24, 2015, the great number of shares acquired came courtesy the President and CEO; Director; Mcinerney Thomas J added a total of 30,000 shares at an average price of $4.5, amounting to approximately $135,000. The insider now directly owns 113,962 shares worth $513,969.

Genworth Financial, Inc. (GNW) Analyst Guide

Several analysts have released their opinion on Genworth Financial, Inc. (NYSE:GNW), with 0 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.