Genworth Financial Inc (GNW) Shares Bought by Fmr LLC
Fmr LLC grew its holdings in Genworth Financial Inc (NYSE:GNW) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,648,582 shares of the financial services provider’s stock after buying an additional 391,790 shares during the quarter. Fmr LLC owned approximately 3.54% of Genworth Financial worth $66,535,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Genworth Financial by 7.0% in the 2nd 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. Northern Trust Corp lifted its holdings in Genworth Financial by 1.1% in the 2nd 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. UBS Asset Management Americas Inc. lifted its holdings in Genworth Financial by 2.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,069,906 shares of the financial services provider’s stock worth $4,034,000 after buying an additional 21,876 shares during the period. Lazard Asset Management LLC purchased a new stake in Genworth Financial in the 2nd quarter worth approximately $222,000. Finally, Mutual of America Capital Management LLC lifted its holdings in Genworth Financial by 3.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 405,001 shares of the financial services provider’s stock worth $1,527,000 after buying an additional 11,810 shares during the period. Institutional investors and hedge funds own 67.58% of the company’s stock.
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Genworth Financial Inc (GNW) opened at 3.94 on Friday. The stock has a 50 day moving average price of $3.69 and a 200 day moving average price of $3.69. Genworth Financial Inc has a 12 month low of $3.12 and a 12 month high of $5.25. The company’s market cap is $1.97 billion.
Genworth Financial (NYSE:GNW) last released 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. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Analysts anticipate that Genworth Financial Inc will post $1.03 earnings per share for the current fiscal year.
Several research firms have weighed in on GNW. BidaskClub upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $4.00 price objective on shares of Genworth Financial in a report on Tuesday, October 3rd. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Wells Fargo & Company reiterated a “hold” rating on shares of Genworth Financial in a report on Monday, October 2nd. Finally, Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Genworth Financial has an average rating of “Hold” and a consensus price target of $4.27.
Genworth Financial 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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