Systematic Financial Management LP decreased its holdings in shares of Genworth Financial Inc (NYSE:GNW) by 4.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 433,195 shares of the financial services provider’s stock after selling 22,255 shares during the quarter. Systematic Financial Management LP owned 0.09% of Genworth Financial worth $1,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Genworth Financial by 1.9% in the third quarter. Ameriprise Financial Inc. now owns 1,433,948 shares of the financial services provider’s stock valued at $5,521,000 after purchasing an additional 26,300 shares during the period. ClariVest Asset Management LLC boosted its holdings in shares of Genworth Financial by 3.5% in the third quarter. ClariVest Asset Management LLC now owns 798,800 shares of the financial services provider’s stock valued at $3,075,000 after purchasing an additional 26,700 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Genworth Financial by 31.3% in the third quarter. SG Americas Securities LLC now owns 1,014,075 shares of the financial services provider’s stock valued at $3,904,000 after purchasing an additional 241,954 shares during the period. Commonwealth Equity Services Inc boosted its holdings in shares of Genworth Financial by 54.2% in the third quarter. Commonwealth Equity Services Inc now owns 73,215 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 25,746 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Genworth Financial by 15.7% in the third quarter. Russell Investments Group Ltd. now owns 517,554 shares of the financial services provider’s stock valued at $1,993,000 after purchasing an additional 70,134 shares during the period. 68.09% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial Inc (NYSE:GNW) traded down $0.05 during trading on Monday, reaching $3.40. The company’s stock had a trading volume of 314,015 shares, compared to its average volume of 5,297,986. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $1,720.00, a price-to-earnings ratio of 7.34, a P/E/G ratio of 0.74 and a beta of 2.80. Genworth Financial Inc has a one year low of $3.12 and a one year high of $4.42.

Genworth Financial (NYSE:GNW) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Genworth Financial had a return on equity of 1.57% and a net margin of 3.88%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.81) EPS. research analysts anticipate that Genworth Financial Inc will post 0.94 earnings per share for the current year.

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $4.00 price target on shares of Genworth Financial in a report on Tuesday, October 3rd. Wells Fargo & Company reiterated a “hold” rating and issued a $3.75 price target on shares of Genworth Financial in a report on Friday, November 3rd. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, September 5th. BidaskClub lowered Genworth Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, Off Wall Street assumed coverage on Genworth Financial in a report on Monday, September 11th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $3.92.

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About Genworth Financial

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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