Louisiana State Employees Retirement System increased its stake in Genworth Financial Inc (NYSE:GNW) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,200 shares of the financial services provider’s stock after buying an additional 4,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Genworth Financial were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. 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 valued at $147,000 after buying an additional 5,936 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Genworth Financial by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 182,653 shares of the financial services provider’s stock valued at $689,000 after buying an additional 7,747 shares during the period. Shah Capital Management raised its stake in Genworth Financial by 0.9% in the second quarter. Shah Capital Management now owns 5,798,900 shares of the financial services provider’s stock valued at $21,861,000 after buying an additional 51,383 shares during the period. Eqis Capital Management Inc. raised its stake in Genworth Financial by 29.2% in the second quarter. Eqis Capital Management Inc. now owns 3,000,446 shares of the financial services provider’s stock valued at $11,312,000 after buying an additional 678,937 shares during the period. Finally, Creative Planning raised its stake in Genworth Financial by 19.5% in the second quarter. Creative Planning now owns 118,050 shares of the financial services provider’s stock valued at $445,000 after buying an additional 19,300 shares during the period. 66.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Genworth Financial Inc (NYSE GNW) traded down 0.29% during trading on Friday, reaching $3.48. 2,488,703 shares of the company traded hands. The company’s 50-day moving average price is $3.54 and its 200-day moving average price is $3.75. The company’s market capitalization is $1.74 billion. Genworth Financial Inc has a 52 week low of $3.23 and a 52 week high of $5.27.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business earned $0.39 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Genworth Financial Inc will post $1.02 EPS for the current fiscal year.

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GNW has been the topic of several research reports. BTIG Research reissued a “neutral” rating on shares of Genworth Financial in a research report on Wednesday, April 19th. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Thursday, May 4th. ValuEngine raised shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.17.

Genworth Financial Company Profile

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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