XTX Topco Ltd Grows Stock Holdings in Genworth Financial, Inc. $GNW

XTX Topco Ltd grew its holdings in Genworth Financial, Inc. (NYSE:GNW) by 48.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,084 shares of the financial services provider’s stock after acquiring an additional 44,459 shares during the period. XTX Topco Ltd’s holdings in Genworth Financial were worth $1,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Voya Investment Management LLC raised its holdings in shares of Genworth Financial by 5.8% during the 1st quarter. Voya Investment Management LLC now owns 874,022 shares of the financial services provider’s stock valued at $6,197,000 after buying an additional 47,832 shares during the period. Caxton Associates LLP purchased a new stake in shares of Genworth Financial during the first quarter valued at approximately $3,990,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Genworth Financial by 117.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,976 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 25,341 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Genworth Financial by 7.6% in the first quarter. Intech Investment Management LLC now owns 427,993 shares of the financial services provider’s stock valued at $3,034,000 after purchasing an additional 30,260 shares during the period. Finally, Clare Market Investments LLC purchased a new position in shares of Genworth Financial in the second quarter valued at $521,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Performance

Shares of Genworth Financial stock opened at $8.67 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $9.15. The firm’s 50-day simple moving average is $8.65 and its 200-day simple moving average is $8.10. The firm has a market cap of $3.46 billion, a PE ratio of 16.36 and a beta of 1.05.

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

Analyst Ratings Changes

A number of equities analysts have commented on GNW shares. Keefe, Bruyette & Woods boosted their price objective on shares of Genworth Financial from $9.50 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Wall Street Zen upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Genworth Financial in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $10.00.

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.