New Jersey Better Educational Savings Trust maintained its stake in Genworth Financial Inc (NYSE:GNW) during the second quarter, Holdings Channel reports. The firm owned 100,000 shares of the financial services provider’s stock at the end of the second quarter. New Jersey Better Educational Savings Trust’s holdings in Genworth Financial were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GNW. NEXT Financial Group Inc increased 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. Capstone Asset Management Co. increased its stake in Genworth Financial by 0.8% in the first quarter. Capstone Asset Management Co. now owns 80,424 shares of the financial services provider’s stock worth $331,000 after buying an additional 630 shares during the last quarter. World Asset Management Inc increased its stake in Genworth Financial by 2.4% in the first quarter. World Asset Management Inc now owns 41,689 shares of the financial services provider’s stock worth $172,000 after buying an additional 984 shares during the last quarter. Wellington Management Group LLP increased its stake in Genworth Financial by 0.3% in the first quarter. Wellington Management Group LLP now owns 292,904 shares of the financial services provider’s stock worth $1,207,000 after buying an additional 1,002 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in Genworth Financial by 3.0% in the first quarter. Advantus Capital Management Inc now owns 63,817 shares of the financial services provider’s stock worth $263,000 after buying an additional 1,877 shares during the last quarter. Institutional investors and hedge funds own 66.96% of the company’s stock.

Shares of Genworth Financial Inc (NYSE:GNW) opened at 3.49 on Friday. The stock’s market capitalization is $1.74 billion. Genworth Financial Inc has a 12 month low of $3.23 and a 12 month high of $5.27. The company’s 50-day moving average is $3.54 and its 200-day moving average is $3.75.

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

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A number of research firms have recently commented on GNW. BidaskClub upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a report on Tuesday, May 2nd. Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, BTIG Research restated a “neutral” rating on shares of Genworth Financial in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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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