UBS Asset Management Americas Inc. Buys 56,085 Shares of Genworth Financial Inc (GNW)

UBS Asset Management Americas Inc. boosted its holdings in shares of Genworth Financial Inc (NYSE:GNW) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,139,264 shares of the financial services provider’s stock after purchasing an additional 56,085 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.23% of Genworth Financial worth $3,543,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Genworth Financial by 11.2% in the 4th quarter. BlackRock Inc. now owns 54,184,339 shares of the financial services provider’s stock worth $168,512,000 after acquiring an additional 5,446,174 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Genworth Financial by 18.5% in the 4th quarter. Bank of New York Mellon Corp now owns 7,030,319 shares of the financial services provider’s stock worth $21,865,000 after acquiring an additional 1,099,278 shares during the last quarter. Prudential Financial Inc. increased its stake in Genworth Financial by 21.2% in the 3rd quarter. Prudential Financial Inc. now owns 6,637,723 shares of the financial services provider’s stock worth $25,555,000 after acquiring an additional 1,162,720 shares during the last quarter. Shah Capital Management increased its stake in Genworth Financial by 6.0% in the 4th quarter. Shah Capital Management now owns 6,437,900 shares of the financial services provider’s stock worth $20,021,000 after acquiring an additional 365,011 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Genworth Financial by 4.0% in the 4th quarter. California Public Employees Retirement System now owns 4,673,750 shares of the financial services provider’s stock worth $14,535,000 after acquiring an additional 177,722 shares during the last quarter. 67.11% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have issued reports on GNW. Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine downgraded Genworth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Wells Fargo set a $3.00 price objective on Genworth Financial and gave the stock a “hold” rating in a research note on Thursday, March 1st. TheStreet raised Genworth Financial from a “d+” rating to a “c” rating in a research note on Wednesday, February 7th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Genworth Financial in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.50.

Shares of Genworth Financial stock traded down $0.03 on Friday, reaching $2.75. The company had a trading volume of 1,847,006 shares, compared to its average volume of 3,966,124. The stock has a market cap of $1,397.75, a price-to-earnings ratio of 1.98, a price-to-earnings-growth ratio of 0.63 and a beta of 2.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. Genworth Financial Inc has a 1 year low of $2.67 and a 1 year high of $4.23.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.45. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Genworth Financial had a return on equity of 4.63% and a net margin of 9.85%. The company’s quarterly revenue was down 23.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) EPS. sell-side analysts predict that Genworth Financial Inc will post 0.9 earnings per share for the current fiscal year.

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Genworth Financial 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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