Xponance Inc. Grows Stock Position in Genworth Financial, Inc. (NYSE:GNW)

Xponance Inc. grew its position in shares of Genworth Financial, Inc. (NYSE:GNW) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,525 shares of the financial services provider’s stock after acquiring an additional 1,493 shares during the quarter. Xponance Inc.’s holdings in Genworth Financial were worth $231,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Genworth Financial in the 4th quarter worth $7,496,000. HighTower Advisors LLC raised its holdings in shares of Genworth Financial by 14.0% in the 4th quarter. HighTower Advisors LLC now owns 17,590 shares of the financial services provider’s stock worth $123,000 after buying an additional 2,154 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Genworth Financial in the 4th quarter worth approximately $282,000. Teacher Retirement System of Texas raised its position in Genworth Financial by 123.1% in the 4th quarter. Teacher Retirement System of Texas now owns 313,347 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 172,918 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Genworth Financial in the 4th quarter valued at $248,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GNW. Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods raised their target price on Genworth Financial from $9.00 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th.

Genworth Financial Price Performance

Shares of NYSE GNW opened at $7.45 on Friday. The stock has a 50 day moving average price of $7.30 and a 200 day moving average price of $7.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.90 and a beta of 1.06. Genworth Financial, Inc. has a 52-week low of $5.99 and a 52-week high of $8.08.

Genworth Financial (NYSE:GNW) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Genworth Financial had a return on equity of 2.53% and a net margin of 2.97%. The firm had revenue of $1.76 billion for the quarter.

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.