JBF Capital Inc. Acquires Shares of 80,600 Genworth Financial Inc (GNW)
JBF Capital Inc. acquired a new position in shares of Genworth Financial Inc (NYSE:GNW) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 80,600 shares of the financial services provider’s stock, valued at approximately $304,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Genworth Financial by 9,605.2% during the first quarter. BlackRock Inc. now owns 48,718,954 shares of the financial services provider’s stock worth $200,723,000 after buying an additional 48,216,968 shares during the period. Vanguard Group Inc. boosted its stake in Genworth Financial by 7.0% during the second quarter. Vanguard Group Inc. now owns 41,753,927 shares of the financial services provider’s stock worth $157,413,000 after buying an additional 2,745,057 shares during the period. State Street Corp boosted its stake in Genworth Financial by 4.8% during the first quarter. State Street Corp now owns 22,984,009 shares of the financial services provider’s stock worth $94,689,000 after buying an additional 1,047,155 shares during the period. FMR LLC boosted its stake in Genworth Financial by 2.3% during the second quarter. FMR LLC now owns 17,648,582 shares of the financial services provider’s stock worth $66,535,000 after buying an additional 391,790 shares during the period. Finally, Northern Trust Corp boosted its stake in Genworth Financial by 1.1% during the second quarter. Northern Trust Corp now owns 8,225,132 shares of the financial services provider’s stock worth $31,009,000 after buying an additional 92,117 shares during the period. 67.59% of the stock is owned by institutional investors.
Genworth Financial Inc (NYSE:GNW) traded up 0.79% during mid-day trading on Friday, hitting $3.82. The stock had a trading volume of 1,871,369 shares. Genworth Financial Inc has a one year low of $3.23 and a one year high of $5.27. The company’s market cap is $1.91 billion. The firm’s 50-day moving average price is $3.55 and its 200 day moving average price is $3.72.
Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business posted $0.39 EPS. Genworth Financial’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Genworth Financial Inc will post $1.03 EPS for the current year.
GNW has been the subject of several recent analyst reports. ValuEngine raised shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Tuesday, September 5th. Off Wall Street initiated coverage on shares of Genworth Financial in a research note on Monday, September 11th. They set a “buy” rating for the company. BidaskClub lowered shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Genworth Financial in a research note on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $4.27.
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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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