Legal & General Group Plc reduced its stake in shares of Genworth Financial Inc (NYSE:GNW) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,408,531 shares of the financial services provider’s stock after selling 49,877 shares during the period. Legal & General Group Plc owned 0.48% of Genworth Financial worth $9,070,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GNW. BlackRock Inc. raised its position in shares of Genworth Financial by 9,605.2% during the 1st quarter. BlackRock Inc. now owns 48,718,954 shares of the financial services provider’s stock worth $200,723,000 after purchasing an additional 48,216,968 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Genworth Financial during the 1st quarter worth approximately $25,192,000. Prudential Financial Inc. raised its position in shares of Genworth Financial by 35.1% during the 1st quarter. Prudential Financial Inc. now owns 5,409,753 shares of the financial services provider’s stock worth $22,289,000 after purchasing an additional 1,406,640 shares during the last quarter. Saba Capital Management L.P. raised its position in shares of Genworth Financial by 84.8% during the 1st quarter. Saba Capital Management L.P. now owns 2,588,820 shares of the financial services provider’s stock worth $10,666,000 after purchasing an additional 1,187,801 shares during the last quarter. Finally, FMR LLC raised its position in shares of Genworth Financial by 6.8% during the 1st quarter. FMR LLC now owns 17,256,792 shares of the financial services provider’s stock worth $71,098,000 after purchasing an additional 1,096,921 shares during the last quarter. Hedge funds and other institutional investors own 67.59% of the company’s stock.

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Genworth Financial Inc (NYSE:GNW) opened at 3.51 on Tuesday. The company’s 50 day moving average price is $3.45 and its 200 day moving average price is $3.75. Genworth Financial Inc has a 12 month low of $3.22 and a 12 month high of $5.27. The firm’s market capitalization is $1.75 billion.

Genworth Financial (NYSE:GNW) last released 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 for 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 company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Analysts anticipate that Genworth Financial Inc will post $1.03 EPS for the current year.

Several brokerages recently issued reports on GNW. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded Genworth Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.17.

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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