Nationwide Fund Advisors increased its stake in shares of Genworth Financial Inc. (NYSE:GNW) by 96.3% during the second quarter, Holdings Channel reports. The firm owned 1,560,250 shares of the company’s stock after buying an additional 765,493 shares during the period. Nationwide Fund Advisors owned about 0.31% of Genworth Financial worth $4,025,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in Genworth Financial by 81.6% in the second quarter. Oppenheimer & Co. Inc. now owns 39,826 shares of the company’s stock worth $103,000 after buying an additional 17,900 shares during the last quarter. Springbok Capital Management LLC acquired a new stake in Genworth Financial during the first quarter worth $120,000. Investors Capital Advisory Services raised its stake in Genworth Financial by 284.9% in the second quarter. Investors Capital Advisory Services now owns 52,644 shares of the company’s stock worth $135,000 after buying an additional 38,965 shares during the last quarter. Rafferty Asset Management LLC raised its stake in Genworth Financial by 49.2% in the first quarter. Rafferty Asset Management LLC now owns 65,635 shares of the company’s stock worth $179,000 after buying an additional 21,630 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Genworth Financial by 391.1% in the second quarter. Quantbot Technologies LP now owns 73,668 shares of the company’s stock worth $190,000 after buying an additional 58,668 shares during the last quarter. 71.74% of the stock is currently owned by institutional investors.
Genworth Financial Inc. (NYSE:GNW) traded up 2.62% on Tuesday, hitting $5.10. 4,020,188 shares of the company were exchanged. The stock has a 50 day moving average of $4.64 and a 200 day moving average of $3.50. Genworth Financial Inc. has a 52 week low of $1.57 and a 52 week high of $5.75. The company’s market capitalization is $2.54 billion.
Genworth Financial (NYSE:GNW) last issued its earnings results on Tuesday, August 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. Genworth Financial had a negative net margin of 4.24% and a positive return on equity of 1.32%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the business earned $0.24 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Analysts predict that Genworth Financial Inc. will post $0.88 EPS for the current fiscal year.
GNW has been the topic of a number of research reports. Zacks Investment Research lowered shares of Genworth Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. Morgan Stanley reissued a “neutral” rating on shares of Genworth Financial in a report on Wednesday, August 3rd. BTIG Research reissued a “buy” rating and set a $5.00 target price on shares of Genworth Financial in a report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $3.50 target price on shares of Genworth Financial in a report on Monday, September 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.75.
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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