Shah Capital Management grew its position in shares of Genworth Financial Inc (NYSE:GNW) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,437,900 shares of the financial services provider’s stock after buying an additional 365,011 shares during the period. Genworth Financial makes up 9.2% of Shah Capital Management’s holdings, making the stock its 3rd biggest position. Shah Capital Management’s holdings in Genworth Financial were worth $20,021,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in shares of Genworth Financial by 5.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,334,927 shares of the financial services provider’s stock worth $10,372,000 after purchasing an additional 172,433 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Genworth Financial in the third quarter worth $1,204,000. California Public Employees Retirement System increased its position in shares of Genworth Financial by 4.3% in the third quarter. California Public Employees Retirement System now owns 4,496,028 shares of the financial services provider’s stock worth $17,310,000 after purchasing an additional 183,628 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Genworth Financial by 11.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 286,645 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 28,892 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Genworth Financial in the third quarter worth $880,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

Shares of Genworth Financial Inc (GNW) traded down $0.02 during midday trading on Tuesday, hitting $3.32. The company had a trading volume of 2,770,900 shares, compared to its average volume of 5,036,450. Genworth Financial Inc has a 52 week low of $3.01 and a 52 week high of $4.23. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,650.00, a PE ratio of 4.68, a P/E/G ratio of 0.75 and a beta of 2.81.

Genworth Financial (NYSE:GNW) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.05). Genworth Financial had a net margin of 3.88% and a return on equity of 1.57%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm earned ($0.81) EPS. The business’s revenue was up 3.0% on a year-over-year basis. research analysts anticipate that Genworth Financial Inc will post 0.94 earnings per share for the current year.

A number of brokerages recently commented on GNW. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Wednesday, January 10th. Wells Fargo & Co restated a “hold” rating on shares of Genworth Financial in a research report on Wednesday, November 29th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $4.00 price target on shares of Genworth Financial in a research report on Tuesday, October 3rd. Finally, ValuEngine cut Genworth Financial from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.75.

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Genworth Financial 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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