Genworth Financial Inc (GNW) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. raised its position in shares of Genworth Financial Inc (NYSE:GNW) by 0.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 790,552 shares of the financial services provider’s stock after acquiring an additional 90 shares during the period. Alliancebernstein L.P. owned approximately 0.16% of Genworth Financial worth $2,980,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. NEXT Financial Group Inc boosted its holdings in shares of Genworth Financial by 0.5% during the second quarter. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 151 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Genworth Financial by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 40,020 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 418 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Genworth Financial by 0.3% during the first quarter. Wellington Management Group LLP now owns 292,904 shares of the financial services provider’s stock worth $1,207,000 after acquiring an additional 1,002 shares during the period. Advantus Capital Management Inc boosted its holdings in shares of Genworth Financial by 3.0% during the first quarter. Advantus Capital Management Inc now owns 63,817 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 1,877 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Genworth Financial by 0.6% during the second quarter. Comerica Bank now owns 399,185 shares of the financial services provider’s stock worth $1,365,000 after acquiring an additional 2,511 shares during the period. Institutional investors own 67.58% of the company’s stock.

Shares of Genworth Financial Inc (GNW) opened at 3.83 on Wednesday. The stock has a 50 day moving average of $3.65 and a 200-day moving average of $3.69. Genworth Financial Inc has a 52-week low of $3.12 and a 52-week high of $5.25. The firm’s market capitalization is $1.91 billion.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. Genworth Financial had a negative net margin of 1.66% and a negative return on equity of 1.63%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $0.39 EPS. Genworth Financial’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts expect that Genworth Financial Inc will post $1.03 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on GNW shares. Zacks Investment Research upgraded shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Tuesday, September 5th. Off Wall Street started coverage on shares of Genworth Financial in a research report on Monday, September 11th. They issued a “buy” rating for the company. ValuEngine upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Genworth Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a research report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.27.

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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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