Genworth Financial Inc (GNW) Shares Sold by UBS Group AG
UBS Group AG cut its stake in shares of Genworth Financial Inc (NYSE:GNW) by 17.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 569,302 shares of the financial services provider’s stock after selling 116,706 shares during the period. UBS Group AG owned 0.11% of Genworth Financial worth $2,345,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in GNW. Capstone Asset Management Co. increased its stake in Genworth Financial by 0.8% in the first quarter. Capstone Asset Management Co. now owns 80,424 shares of the financial services provider’s stock valued at $331,000 after buying an additional 630 shares during the last quarter. Creative Planning increased its stake in Genworth Financial by 16.5% in the first quarter. Creative Planning now owns 98,750 shares of the financial services provider’s stock valued at $407,000 after buying an additional 13,977 shares during the last quarter. Searle & CO. bought a new stake in Genworth Financial during the fourth quarter valued at approximately $133,000. Norges Bank bought a new stake in Genworth Financial during the fourth quarter valued at approximately $18,730,000. Finally, AQR Capital Management LLC boosted its position in shares of Genworth Financial by 217.7% in the fourth quarter. AQR Capital Management LLC now owns 937,979 shares of the financial services provider’s stock valued at $3,574,000 after buying an additional 642,721 shares during the period. Institutional investors own 67.01% of the company’s stock.
Genworth Financial Inc (GNW) traded down 1.48% during trading on Thursday, reaching $3.33. 6,600,507 shares of the company were exchanged. Genworth Financial Inc has a 12 month low of $3.22 and a 12 month high of $5.27. The stock has a 50 day moving average price of $3.58 and a 200 day moving average price of $3.77. The firm’s market capitalization is $1.66 billion.
Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Genworth Financial had a negative return on equity of 1.62% and a negative net margin of 1.66%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. On average, analysts expect that Genworth Financial Inc will post $1.02 EPS for the current fiscal year.
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Several research analysts recently issued reports on GNW shares. Zacks Investment Research cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a report on Tuesday. BidaskClub raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. ValuEngine raised shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Genworth Financial in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.17.
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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