Davidson & Garrard Inc. Continues to Hold Stake in Genworth Financial Inc (GNW)
Davidson & Garrard Inc. held its position in shares of Genworth Financial Inc (NYSE:GNW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,371 shares of the financial services provider’s stock at the end of the second quarter. Davidson & Garrard Inc.’s holdings in Genworth Financial were worth $114,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of GNW. BlackRock Inc. raised its position in shares of Genworth Financial by 9,605.2% in the first quarter. BlackRock Inc. now owns 48,718,954 shares of the financial services provider’s stock worth $200,723,000 after buying an additional 48,216,968 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in Genworth Financial during the first quarter worth approximately $25,192,000. Prudential Financial Inc. raised its stake 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 during the last quarter. Saba Capital Management L.P. raised its stake in Genworth Financial by 84.8% in the first quarter. Saba Capital Management L.P. now owns 2,588,820 shares of the financial services provider’s stock worth $10,666,000 after buying an additional 1,187,801 shares during the last quarter. Finally, FMR LLC raised its stake 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 during the last quarter. 67.59% of the stock is currently owned by institutional investors.
Genworth Financial Inc (NYSE GNW) opened at 3.41 on Tuesday. The company’s market cap is $1.70 billion. The firm has a 50-day moving average price of $3.46 and a 200-day moving average price of $3.75. Genworth Financial Inc has a 52 week low of $3.22 and a 52 week high of $5.27.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, beating the 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Genworth Financial Inc will post $1.03 EPS for the current fiscal year.
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GNW has been the subject of a number of analyst reports. Zacks Investment Research lowered Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research report on Tuesday, August 1st. BidaskClub raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, ValuEngine raised Genworth Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Genworth Financial currently has an average rating of “Hold” and a consensus target price 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.
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