State of New Jersey Common Pension Fund D held its stake in Genworth Financial Inc (NYSE:GNW) during the second quarter, Holdings Channel reports. The fund owned 4,300,000 shares of the financial services provider’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Genworth Financial were worth $16,211,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Relative Value Partners Group LLC raised its stake in Genworth Financial by 55.7% in the first quarter. Relative Value Partners Group LLC now owns 25,150 shares of the financial services provider’s stock worth $103,000 after buying an additional 9,000 shares during the last quarter. Atria Investments LLC raised its stake in Genworth Financial by 99.1% in the first quarter. Atria Investments LLC now owns 25,336 shares of the financial services provider’s stock worth $104,000 after buying an additional 12,612 shares during the last quarter. Tiedemann Wealth Management LLC raised its stake in Genworth Financial by 72.0% in the first quarter. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider’s stock worth $107,000 after buying an additional 10,901 shares during the last quarter. NEXT Financial Group Inc raised its stake in Genworth Financial by 0.5% in the second quarter. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider’s stock worth $119,000 after buying an additional 151 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Genworth Financial by 18.0% in the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock worth $147,000 after buying an additional 5,936 shares during the last quarter. 66.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Genworth Financial Inc (NYSE:GNW) opened at 3.57 on Tuesday. The company’s market capitalization is $1.78 billion. Genworth Financial Inc has a 1-year low of $3.22 and a 1-year high of $5.27. The stock has a 50 day moving average of $3.58 and a 200-day moving average of $3.77.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Analysts forecast that Genworth Financial Inc will post $1.02 earnings per share for the current year.

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A number of equities research analysts have weighed in on the stock. BTIG Research reissued a “neutral” rating on shares of Genworth Financial in a report on Wednesday, April 19th. ValuEngine raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Genworth Financial in a research note on Tuesday, May 2nd. BidaskClub lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Genworth Financial has a consensus rating of “Hold” and a consensus price target of $4.17.

About Genworth Financial

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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