BlackRock Inc. Has $183.88 Million Holdings in Genworth Financial Inc (GNW)

BlackRock Inc. raised its position in shares of Genworth Financial Inc (NYSE:GNW) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,773,660 shares of the financial services provider’s stock after buying an additional 54,706 shares during the period. BlackRock Inc. owned about 9.78% of Genworth Financial worth $183,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GNW. Ameriprise Financial Inc. lifted its position in shares of Genworth Financial by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,407,648 shares of the financial services provider’s stock worth $5,306,000 after purchasing an additional 33,482 shares during the period. HAP Trading LLC purchased a new stake in shares of Genworth Financial in the 2nd quarter worth about $426,000. Teachers Advisors LLC lifted its position in shares of Genworth Financial by 5.8% in the 2nd quarter. Teachers Advisors LLC now owns 922,828 shares of the financial services provider’s stock worth $3,479,000 after purchasing an additional 50,655 shares during the period. Fiera Capital Corp lifted its position in shares of Genworth Financial by 50.0% in the 2nd quarter. Fiera Capital Corp now owns 150,000 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 50,000 shares during the period. Finally, Dumac Inc. lifted its position in shares of Genworth Financial by 13.6% in the 2nd quarter. Dumac Inc. now owns 125,000 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 15,000 shares during the period. 67.58% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. ValuEngine raised shares of Genworth Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Company reaffirmed a “hold” rating on shares of Genworth Financial in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $4.00 target price on shares of Genworth Financial in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $4.27.

Shares of Genworth Financial Inc (NYSE:GNW) opened at 3.83 on Wednesday. Genworth Financial Inc has a 52-week low of $3.12 and a 52-week high of $5.25. The stock’s market capitalization is $1.91 billion. The stock has a 50 day moving average of $3.65 and a 200 day moving average of $3.69.

Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.08. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.14 billion. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Analysts forecast that Genworth Financial Inc will post $1.03 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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