GAM Holding AG Has $349,000 Position in Genworth Financial Inc (NYSE:GNW)

GAM Holding AG held its stake in Genworth Financial Inc (NYSE:GNW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,906 shares of the financial services provider’s stock at the close of the 2nd quarter. GAM Holding AG’s holdings in Genworth Financial were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Capstone Asset Management Co. increased its holdings in shares of Genworth Financial by 0.8% during the first quarter. Capstone Asset Management Co. now owns 80,424 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 630 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Genworth Financial by 2.2% during the first quarter. Louisiana State Employees Retirement System now owns 125,900 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 2,700 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Genworth Financial by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 174,906 shares of the financial services provider’s stock valued at $721,000 after acquiring an additional 2,400 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Genworth Financial by 4.6% during the first 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 acquiring an additional 261,744 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Genworth Financial by 4.7% during the first quarter. Comerica Bank now owns 396,674 shares of the financial services provider’s stock valued at $1,626,000 after acquiring an additional 17,934 shares in the last quarter. Institutional investors and hedge funds own 67.59% of the company’s stock.

Several equities research analysts have recently commented on the company. Off Wall Street assumed coverage on Genworth Financial in a report on Monday. They set a “buy” rating for the company. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Tuesday, September 5th. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded Genworth Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Genworth Financial in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Genworth Financial currently has a consensus rating of “Hold” and a consensus price target of $4.27.

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Shares of Genworth Financial Inc (NYSE GNW) opened at 3.98 on Friday. Genworth Financial Inc has a one year low of $3.23 and a one year high of $5.27. The company’s 50-day moving average price is $3.50 and its 200 day moving average price is $3.73. The company’s market cap is $1.99 billion.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.08. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Genworth Financial Inc will post $1.03 earnings per share for the current year.

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.

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

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