Genworth Financial Inc (GNW) Shares Bought by OMERS ADMINISTRATION Corp
OMERS ADMINISTRATION Corp increased its stake in shares of Genworth Financial Inc (NYSE:GNW) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,890,200 shares of the financial services provider’s stock after buying an additional 45,500 shares during the period. OMERS ADMINISTRATION Corp owned 0.58% of Genworth Financial worth $10,896,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in GNW. BlackRock Inc. raised its stake 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 valued at $200,723,000 after buying an additional 48,216,968 shares during the period. Southpoint Capital Advisors LP bought a new stake in shares of Genworth Financial during the first quarter valued at about $25,192,000. Prudential Financial Inc. raised its stake in shares of 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 valued at $22,289,000 after buying an additional 1,406,640 shares during the period. Saba Capital Management L.P. raised its stake in shares of 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 valued at $10,666,000 after buying an additional 1,187,801 shares during the period. Finally, FMR LLC raised its stake in shares of Genworth Financial by 6.8% in the first quarter. FMR LLC now owns 17,256,792 shares of the financial services provider’s stock valued at $71,098,000 after buying an additional 1,096,921 shares during the period. Institutional investors and hedge funds own 67.59% of the company’s stock.
Genworth Financial Inc (NYSE GNW) opened at 3.41 on Tuesday. The company’s 50-day moving average is $3.46 and its 200-day moving average is $3.75. The firm’s market capitalization is $1.70 billion. Genworth Financial Inc has a 52-week low of $3.22 and a 52-week high of $5.27.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.14 billion. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. Equities analysts predict that Genworth Financial Inc will post $1.03 earnings per share for the current year.
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Several analysts have recently issued reports on GNW shares. Wells Fargo & Company reiterated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Thursday, May 4th. BidaskClub upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, ValuEngine upgraded shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Genworth Financial has a consensus 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.
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