XTX Topco Ltd Sells 44,185 Shares of Genworth Financial, Inc. (NYSE:GNW)

Key Points

• XTX Topco Ltd reduced its stake in Genworth Financial, decreasing ownership by 32.3% in the 1st quarter, now holding shares worth $657,000.
• Genworth Financial reported an earnings per share (EPS) of $0.16 for the last quarter, exceeding the consensus estimate of $0.05.
• Several institutional investors, including KLP Kapitalforvaltning AS and Allianz Asset Management GmbH, increased their stakes in Genworth Financial during the same quarter.

XTX Topco Ltd trimmed its stake in shares of Genworth Financial, Inc. (NYSE:GNW - Free Report) by 32.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,625 shares of the financial services provider's stock after selling 44,185 shares during the quarter. XTX Topco Ltd's holdings in Genworth Financial were worth $657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its position in shares of Genworth Financial by 4.8% during the 1st quarter. Xponance Inc. now owns 32,525 shares of the financial services provider's stock valued at $231,000 after acquiring an additional 1,493 shares during the period. NDVR Inc. increased its position in shares of Genworth Financial by 8.6% in the fourth quarter. NDVR Inc. now owns 24,329 shares of the financial services provider's stock worth $170,000 after purchasing an additional 1,922 shares during the period. Summit Investment Advisors Inc. raised its stake in Genworth Financial by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 45,038 shares of the financial services provider's stock valued at $315,000 after purchasing an additional 2,329 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Genworth Financial by 13.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,861 shares of the financial services provider's stock worth $139,000 after purchasing an additional 2,343 shares during the period. Finally, Mariner LLC grew its stake in Genworth Financial by 3.8% during the fourth quarter. Mariner LLC now owns 68,689 shares of the financial services provider's stock worth $480,000 after buying an additional 2,514 shares in the last quarter. 81.85% of the stock is owned by institutional investors.

Genworth Financial Price Performance

Shares of Genworth Financial stock traded down $0.07 during midday trading on Thursday, hitting $8.14. 8,445,833 shares of the company traded hands, compared to its average volume of 6,521,581. The firm's fifty day moving average price is $7.53 and its 200-day moving average price is $7.12. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 19.09 and a beta of 1.12. Genworth Financial, Inc. has a 12 month low of $5.99 and a 12 month high of $8.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29.

Genworth Financial (NYSE:GNW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.11. The company had revenue of $1.80 billion for the quarter. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Genworth Financial from $9.00 to $9.50 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

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.