Federated Investors Inc. PA Has $1.34 Million Position in Genworth Financial Inc (GNW)
Federated Investors Inc. PA trimmed its position in shares of Genworth Financial Inc (NYSE:GNW) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 355,097 shares of the financial services provider’s stock after selling 16,216 shares during the period. Federated Investors Inc. PA owned about 0.07% of Genworth Financial worth $1,339,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in 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 valued at $200,723,000 after purchasing an additional 48,216,968 shares during the last quarter. State Street Corp grew its holdings in Genworth Financial by 4.8% during the 1st quarter. State Street Corp now owns 22,984,009 shares of the financial services provider’s stock valued at $94,689,000 after purchasing an additional 1,047,155 shares during the last quarter. FMR LLC grew its holdings in Genworth Financial by 6.8% during the 1st quarter. FMR LLC now owns 17,256,792 shares of the financial services provider’s stock valued at $71,098,000 after purchasing an additional 1,096,921 shares during the last quarter. Southpoint Capital Advisors LP bought a new position in Genworth Financial during the 1st quarter valued at about $25,192,000. Finally, Bank of New York Mellon Corp grew its holdings in Genworth Financial by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 5,983,450 shares of the financial services provider’s stock valued at $24,653,000 after purchasing an additional 261,744 shares during the last quarter. Institutional investors own 67.59% of the company’s stock.
Several equities analysts recently commented on the stock. ValuEngine upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub cut shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Tuesday, September 5th. Finally, Off Wall Street initiated coverage on shares of Genworth Financial in a research report on Monday. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Genworth Financial presently has a consensus rating of “Hold” and an average price target of $4.27.
Shares of Genworth Financial Inc (NYSE:GNW) opened at 4.01 on Thursday. The stock’s market capitalization is $2.00 billion. Genworth Financial Inc has a 52-week low of $3.23 and a 52-week high of $5.27. The firm has a 50-day moving average of $3.46 and a 200 day moving average of $3.73.
Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $0.39 earnings per share. Genworth Financial’s revenue was down .6% compared to the same quarter last year. Equities research analysts forecast that Genworth Financial Inc will post $1.03 EPS for the current fiscal year.
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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