Genworth Financial, Inc. (NYSE:GNW) Shares Sold by XTX Topco Ltd

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 holdings 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 filing with the Securities and Exchange Commission. The institutional investor owned 92,625 shares of the financial services provider's stock after selling 44,185 shares during the period. XTX Topco Ltd's holdings in Genworth Financial were worth $657,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GNW. LPL Financial LLC raised its stake in shares of Genworth Financial by 44.0% during the 4th quarter. LPL Financial LLC now owns 33,163 shares of the financial services provider's stock worth $232,000 after buying an additional 10,135 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Genworth Financial by 37.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,671,573 shares of the financial services provider's stock worth $18,674,000 after buying an additional 724,557 shares in the last quarter. Norges Bank purchased a new position in shares of Genworth Financial during the 4th quarter worth approximately $15,034,000. Landscape Capital Management L.L.C. purchased a new position in Genworth Financial in the 4th quarter valued at approximately $85,000. Finally, Wells Fargo & Company MN increased its stake in Genworth Financial by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 266,198 shares of the financial services provider's stock valued at $1,861,000 after purchasing an additional 55,078 shares in the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Price Performance

NYSE GNW traded up $0.17 during mid-day trading on Friday, hitting $8.32. The stock had a trading volume of 5,355,876 shares, compared to its average volume of 6,712,939. The company has a 50 day simple moving average of $7.55 and a 200 day simple moving average of $7.13. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 18.48 and a beta of 1.12. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. Genworth Financial, Inc. has a 52-week low of $5.99 and a 52-week high of $8.35.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.11. The firm 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%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GNW. Wall Street Zen downgraded Genworth Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods raised their price objective on Genworth Financial from $9.00 to $9.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th.

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.