XTX Topco Ltd Buys 81,303 Shares of Genworth Financial, Inc. (NYSE:GNW)

XTX Topco Ltd boosted its holdings in Genworth Financial, Inc. (NYSE:GNW - Free Report) by 637.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,059 shares of the financial services provider's stock after acquiring an additional 81,303 shares during the period. XTX Topco Ltd's holdings in Genworth Financial were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Genworth Financial in the 4th quarter valued at $23,292,000. Donald Smith & CO. Inc. grew its stake in shares of Genworth Financial by 14.5% in the first quarter. Donald Smith & CO. Inc. now owns 24,244,607 shares of the financial services provider's stock valued at $155,893,000 after acquiring an additional 3,069,355 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Genworth Financial by 138.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider's stock worth $25,571,000 after acquiring an additional 2,456,816 shares during the period. Acadian Asset Management LLC raised its stake in Genworth Financial by 1,896.5% in the 2nd quarter. Acadian Asset Management LLC now owns 733,968 shares of the financial services provider's stock worth $4,428,000 after purchasing an additional 697,206 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Genworth Financial by 9.1% in the 2nd quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider's stock worth $42,607,000 after purchasing an additional 590,496 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company's stock.

Genworth Financial Price Performance

Shares of NYSE:GNW traded down $0.10 during trading on Tuesday, reaching $6.75. 2,099,720 shares of the company traded hands, compared to its average volume of 2,812,511. The firm has a market capitalization of $2.95 billion, a PE ratio of 35.95 and a beta of 0.94. Genworth Financial, Inc. has a 52 week low of $5.32 and a 52 week high of $7.01. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $6.67 and its two-hundred day moving average is $6.38.

Genworth Financial (NYSE:GNW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The business had revenue of $1.77 billion during the quarter. During the same period in the prior year, the company earned $0.29 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Genworth Financial from a "buy" rating to a "hold" rating in a report on Friday, September 6th.

Insider Buying and Selling

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,532,954 shares in the company, valued at $31,186,723.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

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.