Timber Hill LLC Buys Shares of 43,522 Genworth Financial Inc (GNW)

Timber Hill LLC acquired a new position in shares of Genworth Financial Inc (NYSE:GNW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,522 shares of the financial services provider’s stock, valued at approximately $179,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GNW. Nordea Investment Management AB raised its position in shares of Genworth Financial by 23.8% in the first quarter. Nordea Investment Management AB now owns 602,100 shares of the financial services provider’s stock worth $2,481,000 after buying an additional 115,600 shares in the last quarter. Mason Street Advisors LLC raised its stake in Genworth Financial by 1.2% in the first quarter. Mason Street Advisors LLC now owns 235,462 shares of the financial services provider’s stock worth $970,000 after buying an additional 2,863 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Genworth Financial by 29.5% in the first 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 period. Tiedemann Wealth Management LLC raised its stake in Genworth Financial by 72.0% in the first quarter. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider’s stock worth $107,000 after buying an additional 10,901 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in Genworth Financial by 0.6% in the first quarter. Mutual of America Capital Management LLC now owns 393,191 shares of the financial services provider’s stock worth $1,620,000 after buying an additional 2,530 shares during the period. 75.85% of the stock is currently owned by institutional investors and hedge funds.

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

Genworth Financial Inc (NYSE:GNW) traded up 1.39% on Friday, reaching $3.64. The company’s stock had a trading volume of 2,758,848 shares. Genworth Financial Inc has a 52-week low of $2.26 and a 52-week high of $5.27. The stock’s market cap is $1.82 billion. The firm’s 50-day moving average price is $3.92 and its 200-day moving average price is $3.96.

Genworth Financial (NYSE:GNW) last issued its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. Genworth Financial had a negative return on equity of 1.97% and a negative net margin of 3.31%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.15 billion. On average, equities analysts expect that Genworth Financial Inc will post $0.96 earnings per share for the current year.

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A number of analysts have commented on the company. BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a research report on Wednesday, April 19th. Zacks Investment Research upgraded Genworth Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Finally, Wells Fargo & Co restated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, May 2nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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.

5 Day Chart for NYSE:GNW

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