New York State Teachers Retirement System Maintains Stake in Genworth Financial Inc (NYSE:GNW)

New York State Teachers Retirement System held its stake in Genworth Financial Inc (NYSE:GNW) during the first quarter, according to its most recent filing with the SEC. The fund owned 895,617 shares of the financial services provider’s stock at the end of the first quarter. New York State Teachers Retirement System owned approximately 0.18% of Genworth Financial worth $3,690,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Genworth Financial during the fourth quarter worth approximately $18,730,000. Dimensional Fund Advisors LP raised its position in Genworth Financial by 35.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,717,442 shares of the financial services provider’s stock worth $48,456,000 after buying an additional 3,328,178 shares in the last quarter. Prudential Financial Inc. raised its position in Genworth Financial by 35.1% in the first quarter. Prudential Financial Inc. now owns 5,409,753 shares of the financial services provider’s stock worth $22,289,000 after buying an additional 1,406,640 shares in the last quarter. FMR LLC raised its position in Genworth Financial by 6.8% in the first quarter. FMR LLC now owns 17,256,792 shares of the financial services provider’s stock worth $71,098,000 after buying an additional 1,096,921 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Genworth Financial by 127.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,708,700 shares of the financial services provider’s stock worth $6,510,000 after buying an additional 956,132 shares in the last quarter. Institutional investors own 66.88% of the company’s stock.

Shares of Genworth Financial Inc (GNW) remained flat at $3.50 during trading on Friday. 2,864,406 shares of the company were exchanged. The firm has a 50-day moving average price of $3.62 and a 200 day moving average price of $3.79. The stock’s market capitalization is $1.75 billion. Genworth Financial Inc has a 12-month low of $2.67 and a 12-month high of $5.27.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.15 billion. Genworth Financial had a negative return on equity of 1.75% and a negative net margin of 2.00%. Analysts predict that Genworth Financial Inc will post $0.98 EPS for the current fiscal year.

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A number of equities analysts recently commented on GNW shares. Wells Fargo & Company reaffirmed a “hold” rating on shares of Genworth Financial in a research note on Tuesday, May 2nd. Zacks Investment Research raised Genworth Financial from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Thursday, May 4th. ValuEngine raised Genworth Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub raised Genworth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Genworth Financial in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Genworth Financial presently has an average rating of “Hold” and an average price target 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.

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

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