Acting Pres&Acting CEO;SVP-CFO of Genworth Financial Inc. (GNW) Martin P Klein buys 15,000 shares of GNW on 05/09/2012 at an average price of $5.6 a share.

Genworth Finl has a market cap of $2.93 billion; its shares were traded at around $5.68 with a P/E ratio of 13.8 and P/S ratio of 0.3.


This is the insider trade history vs. stock price of GNW. For the complete insider trading history of GNW, click here.

Directors and Officers Recent Trades:

• Director Thomas E Moloney bought 1,000 shares of GNW stock on 05/07/2012 at the average price of 5.7. Thomas E Moloney owns at least 3,000 shares after this. The price of the stock has decreased by 0.35% since.
• Director James A Parke bought 25,000 shares of GNW stock on 05/07/2012 at the average price of 5.54. James A Parke owns at least 275,000 shares after this. The price of the stock has increased by 2.53% since.
• SVP - Chief Risk Officer Michel Gilles Perreault bought 500 shares of GNW stock on 03/06/2012 at the average price of 8.73. Michel Gilles Perreault owns at least 19,662 shares after this. The price of the stock has decreased by 34.94% since.
• Director Steven W Alesio bought 50,000 shares of GNW stock on 02/15/2012 at the average price of 8.91. Steven W Alesio owns at least 50,000 shares after this. The price of the stock has decreased by 36.25% since.
• Director Christine B Mead bought 3,000 shares of GNW stock on 02/15/2012 at the average price of 8.93. Christine B Mead owns at least 3,000 shares after this. The price of the stock has decreased by 36.39% since.

For the complete insider trading history of GNW, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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