Parametric Portfolio Associates LLC lifted its position in shares of Genworth Financial Inc (NYSE:GNW) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,665,238 shares of the financial services provider’s stock after buying an additional 159,604 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.73% of Genworth Financial worth $13,818,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GNW. Bank of New York Mellon Corp increased its holdings in shares of Genworth Financial by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 5,983,450 shares of the financial services provider’s stock worth $24,653,000 after buying an additional 261,744 shares during the last quarter. Comerica Bank increased its holdings in shares of Genworth Financial by 4.7% during the 1st quarter. Comerica Bank now owns 396,674 shares of the financial services provider’s stock worth $1,626,000 after buying an additional 17,934 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Genworth Financial by 2.4% during the 1st quarter. World Asset Management Inc now owns 41,689 shares of the financial services provider’s stock worth $172,000 after buying an additional 984 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Genworth Financial by 4.1% during the 1st quarter. Ameriprise Financial Inc. now owns 1,374,166 shares of the financial services provider’s stock worth $5,663,000 after buying an additional 54,512 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Genworth Financial by 29.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 48,181 shares of the financial services provider’s stock worth $199,000 after buying an additional 10,972 shares during the last quarter. Institutional investors and hedge funds own 67.58% of the company’s stock.

GNW has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a report on Tuesday, August 1st. BTIG Research restated a “neutral” rating on shares of Genworth Financial in a report on Saturday, September 16th. BidaskClub upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $4.27.

Shares of Genworth Financial Inc (NYSE:GNW) opened at 3.63 on Monday. Genworth Financial Inc has a one year low of $3.12 and a one year high of $5.27. The company has a 50-day moving average price of $3.63 and a 200 day moving average price of $3.69. The firm’s market capitalization is $1.81 billion.

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

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

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