Nationwide Fund Advisors Has $4.24 Million Stake in Genworth Financial Inc (GNW)

Nationwide Fund Advisors lessened its stake in shares of Genworth Financial Inc (NYSE:GNW) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,101,536 shares of the financial services provider’s stock after selling 54,656 shares during the period. Nationwide Fund Advisors owned 0.22% of Genworth Financial worth $4,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of GNW. Southpoint Capital Advisors LP raised its holdings in shares of Genworth Financial by 63.5% during the 2nd quarter. Southpoint Capital Advisors LP now owns 10,000,000 shares of the financial services provider’s stock worth $37,700,000 after acquiring an additional 3,885,469 shares during the period. CNH Partners LLC raised its holdings in shares of Genworth Financial by 67.1% during the 2nd quarter. CNH Partners LLC now owns 7,796,296 shares of the financial services provider’s stock worth $29,392,000 after acquiring an additional 3,129,795 shares during the period. Vanguard Group Inc. raised its holdings in shares of Genworth Financial by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 41,753,927 shares of the financial services provider’s stock worth $157,413,000 after acquiring an additional 2,745,057 shares during the period. Capital Returns Management LLC purchased a new position in shares of Genworth Financial during the 2nd quarter worth $2,793,000. Finally, FMR LLC raised its holdings in shares of Genworth Financial by 2.3% during the 2nd quarter. FMR LLC now owns 17,648,582 shares of the financial services provider’s stock worth $66,535,000 after acquiring an additional 391,790 shares during the period. Institutional investors and hedge funds own 66.87% of the company’s stock.

Shares of Genworth Financial Inc (NYSE GNW) opened at $3.31 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1,682.17, a PE ratio of 7.17, a P/E/G ratio of 0.72 and a beta of 2.79. Genworth Financial Inc has a 52-week low of $3.12 and a 52-week high of $4.30.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. Genworth Financial had a return on equity of 1.57% and a net margin of 3.88%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.81) earnings per share. analysts predict that Genworth Financial Inc will post 0.94 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $4.00 price target on shares of Genworth Financial in a report on Tuesday, October 3rd. Wells Fargo & Company reiterated a “hold” rating and set a $3.75 price target on shares of Genworth Financial in a report on Friday, November 3rd. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Tuesday, September 5th. Off Wall Street assumed coverage on Genworth Financial in a report on Monday, September 11th. They set a “buy” rating on the stock. Finally, ValuEngine upgraded Genworth Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Genworth Financial currently has a consensus rating of “Hold” and an average price target of $3.92.

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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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