Will Genworth Financial’s Top Shareholders Sell More From Less Long-Term Care Sales?

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For the year-to-date, Genworth Financial Inc.’s (NYSE:GNW) shares are down 13.89 percent. In a recent Moody’s Investors Service report, it noted that the field of Long-term-care insurance (LTCI) providers is getting smaller as companies either leave the business or limit sales. It cited Genworth Financial as the top LTCI seller with its $2.14 billion in statutory earned premiums for individual and group coverage.

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Moody’s report said that the carrier is “the clear LTC market leader and largest single provider of individual LTC products” but it may not be a good thing with an estimate of limited material appetite for LTCI business at the company.

With a likelihood of declining LTCI business, will Genworth Financial’s largest shareholders decrease their holdings?427 institutional firms indicated owning shares of Genworth Financial Inc. (NYSE:GNW) in Q2 2012. These firms reported owning a total of 404.474 million shares on 06/30/2012. The shares closed at $5.66 on 06/30/2012.

Here are the ten largest positions in Genworth Financial Inc. at the end of June 30th, 2012.

Dodge & Cox held 37,007,136 shares on 06/30/2012 worth $209,460,384. This brought the portfolio total to 0.29%.

Vanguard Group Inc held 27,127,354 shares on 06/30/2012 worth $153,540,820. This brought the portfolio total to 0.02%.

Capital Research Global Investors held 25,815,801 shares on 06/30/2012 worth $146,117,430. This brought the portfolio total to 0.07%.

Highfields Capital Management LP held 25,360,440 shares on 06/30/2012 worth $143,540,087. This brought the portfolio total to 1.92%.

State Street Corp held 20,147,338 shares on 06/30/2012 worth $114,033,930. This brought the portfolio total to 0.02%.

Blackrock Institutional Trust Company N.A. held 19,397,827 shares on 06/30/2012 worth $109,791,698. This brought the portfolio total to 0.03%.

FMR LLC held 18,476,432 shares on 06/30/2012 worth $104,576,602. This brought the portfolio total to 0.02%.

Baupost Group LLC/MA held 15,000,000 shares on 06/30/2012 worth $84,899,998. This brought the portfolio total to 2.21%.

Thornburg Investment Management Inc held 14,650,563 shares on 06/30/2012 worth $82,922,184. This brought the portfolio total to 0.4%.

RBS Partners LP /CT held 12,083,481 shares on 06/30/2012 worth $68,392,501. This brought the portfolio total to 1.19%.

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