Squarepoint Ops LLC Grows Stock Holdings in Genworth Financial, Inc. $GNW

Squarepoint Ops LLC grew its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 50.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,283 shares of the financial services provider’s stock after purchasing an additional 60,787 shares during the period. Squarepoint Ops LLC’s holdings in Genworth Financial were worth $1,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GNW. American Century Companies Inc. lifted its position in Genworth Financial by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 8,863,036 shares of the financial services provider’s stock worth $68,954,000 after buying an additional 806,502 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Genworth Financial by 41.0% in the 2nd quarter. Invesco Ltd. now owns 4,291,220 shares of the financial services provider’s stock worth $33,386,000 after acquiring an additional 1,248,374 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Genworth Financial by 28.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,523,537 shares of the financial services provider’s stock worth $27,413,000 after acquiring an additional 774,010 shares during the last quarter. Norges Bank purchased a new stake in shares of Genworth Financial in the 2nd quarter valued at $26,992,000. Finally, Bracebridge Capital LLC grew its holdings in shares of Genworth Financial by 12.6% during the 1st quarter. Bracebridge Capital LLC now owns 1,969,200 shares of the financial services provider’s stock valued at $13,962,000 after purchasing an additional 220,000 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors.

Genworth Financial Stock Performance

Genworth Financial stock opened at $9.17 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.66 billion, a P/E ratio of 17.30 and a beta of 1.02. Genworth Financial, Inc. has a 1-year low of $5.99 and a 1-year high of $9.23. The firm has a 50-day moving average of $8.64 and a 200-day moving average of $8.29.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $1.04 billion for the quarter. Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GNW. Keefe, Bruyette & Woods boosted their price target on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Genworth Financial in a research note on Monday. Finally, Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Genworth Financial currently has a consensus rating of “Buy” and a consensus price target of $10.00.

About Genworth Financial

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.