Hancock Whitney Corp Raises Holdings in Genworth Financial, Inc. (NYSE:GNW)

Hancock Whitney Corp boosted its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 134,689 shares of the financial services provider’s stock after acquiring an additional 2,304 shares during the period. Hancock Whitney Corp’s holdings in Genworth Financial were worth $866,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GNW. DekaBank Deutsche Girozentrale bought a new stake in Genworth Financial in the fourth quarter worth $655,000. Nisa Investment Advisors LLC increased its holdings in shares of Genworth Financial by 10.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 21,640 shares of the financial services provider’s stock worth $145,000 after buying an additional 2,000 shares during the last quarter. Moody Aldrich Partners LLC purchased a new stake in shares of Genworth Financial during the 4th quarter valued at about $2,266,000. Louisiana State Employees Retirement System bought a new position in shares of Genworth Financial in the 4th quarter valued at about $1,508,000. Finally, Strs Ohio grew its position in Genworth Financial by 25.8% in the fourth quarter. Strs Ohio now owns 19,000 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Insider Activity

In other news, CEO Thomas J. Mcinerney sold 200,000 shares of Genworth Financial stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $6.27, for a total transaction of $1,254,000.00. Following the completion of the sale, the chief executive officer now owns 4,361,980 shares of the company’s stock, valued at $27,349,614.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Genworth Financial Trading Down 3.8 %

NYSE:GNW traded down $0.25 during mid-day trading on Friday, hitting $6.34. 783,100 shares of the stock traded hands, compared to its average volume of 2,801,974. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 34.69 and a beta of 0.92. Genworth Financial, Inc. has a 52 week low of $5.32 and a 52 week high of $6.94. The firm’s 50 day moving average is $6.26 and its two-hundred day moving average is $6.24.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Genworth Financial had a return on equity of 0.25% and a net margin of 0.43%. The firm had revenue of $1.77 billion for the quarter. During the same quarter in the previous year, the company posted $0.29 earnings per share.

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.