ING Groep NV purchased a new position in shares of Genworth Financial Inc (NYSE:GNW) during the second quarter, Holdings Channel reports. The firm purchased 60,698 shares of the financial services provider’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Relative Value Partners Group LLC raised its position 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 period. Atria Investments LLC raised its position 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 period. Tiedemann Wealth Management LLC raised its position 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 period. NEXT Financial Group Inc raised its position 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 period. Finally, LS Investment Advisors LLC raised its position 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 period. Hedge funds and other institutional investors own 66.96% of the company’s stock.

Shares of Genworth Financial Inc (NYSE GNW) traded down 0.29% on Friday, reaching $3.48. 2,488,703 shares of the company traded hands. The stock has a 50-day moving average price of $3.54 and a 200 day moving average price of $3.75. Genworth Financial Inc has a 1-year low of $3.23 and a 1-year high of $5.27. The firm’s market capitalization is $1.74 billion.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. Analysts anticipate that Genworth Financial Inc will post $1.02 EPS for the current fiscal year.

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Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company reiterated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, August 1st. ValuEngine upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a research report on Wednesday, April 19th. Finally, Zacks Investment Research lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. 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. Genworth Financial presently has a consensus rating of “Hold” and an average 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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