Legal & General Group Plc lessened its stake in Genworth Financial Inc (NYSE:GNW) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,707,156 shares of the financial services provider’s stock after selling 66,241 shares during the period. Legal & General Group Plc owned about 0.34% of Genworth Financial worth $7,683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GNW. BlackRock Inc. grew its position in shares of Genworth Financial by 2.8% in the 2nd quarter. BlackRock Inc. now owns 56,496,536 shares of the financial services provider’s stock valued at $254,235,000 after buying an additional 1,550,742 shares during the last quarter. New Generation Advisors LLC grew its position in shares of Genworth Financial by 42.5% in the 1st quarter. New Generation Advisors LLC now owns 2,367,117 shares of the financial services provider’s stock valued at $6,699,000 after buying an additional 705,481 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of Genworth Financial by 10.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,590,700 shares of the financial services provider’s stock valued at $10,162,000 after buying an additional 329,400 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Genworth Financial by 7.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,733,242 shares of the financial services provider’s stock valued at $16,800,000 after buying an additional 243,808 shares during the last quarter. Finally, JBF Capital Inc. acquired a new position in shares of Genworth Financial in the 1st quarter valued at about $688,000. Hedge funds and other institutional investors own 63.35% of the company’s stock.

GNW has been the topic of a number of recent analyst reports. Zacks Investment Research raised Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine downgraded Genworth Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Wells Fargo & Co reissued a “hold” rating and issued a $5.00 price objective (up from $3.00) on shares of Genworth Financial in a research note on Wednesday, June 6th. Finally, BTIG Research reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $4.75.

Shares of NYSE:GNW opened at $4.13 on Tuesday. The stock has a market capitalization of $2.22 billion, a PE ratio of 3.06 and a beta of 2.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. Genworth Financial Inc has a 1 year low of $2.66 and a 1 year high of $4.92.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. Genworth Financial had a return on equity of 4.85% and a net margin of 9.32%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. equities research analysts forecast that Genworth Financial Inc will post 1.11 EPS for the current fiscal year.

Genworth Financial Company Profile

Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.

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Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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