Genworth Financial Inc 2017 Q2 Institutional Investor Sentiment Better Than Expected

Annette Crawford
October 12, 2017

Comparatively, Genworth Financial, Inc. posted earnings of $0.23 per share in the same quarter a year ago. Profund Advisors LLC's holdings in Genworth Financial were worth $253,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company.

The share price of Genworth Financial Inc (NYSE:GNW) was up +3.51% during the last trading session, with a day high of 0.00. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider's stock worth $119,000 after purchasing an additional 151 shares in the last quarter. Aperio Grp Ltd Liability Corporation stated it has 0.01% of its portfolio in Genworth Financial Inc (NYSE:GNW).

Checking up on some historical performance on shares of Genworth Financial, Inc. Amalgamated Bank now owns 71,452 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 818 shares during the period. LS Investment Advisors LLC increased its stake in Genworth Financial by 18.0% in the 2nd quarter. CNH Partners LLC acquired a new position in shares of Genworth Financial during the fourth quarter worth about $17,869,000. Finally, Wells Fargo & Company reissued a "hold" rating on shares of Genworth Financial in a report on Monday, October 2nd. Advantus Capital Management Inc now owns 63,817 shares of the financial services provider's stock valued at $263,000 after acquiring an additional 1,877 shares during the period.

State Treasurer State of MI cut its position in Genworth Financial Inc (NYSE:GNW) by 61.8% during the first quarter, according to its most recent filing with the SEC. The firm's market capitalization is $1.89 billion.

Genworth Financial, Inc. (NYSE:GNW) in the last month has increased +0.54%.

This particular stock's 5-day moving average is 3.56, its 20-day moving average is 3.78 and its 100-day moving average is 3.59.

Compass Point "Upgrades" Genworth Financial Inc (NYSE:GNW) in a research note issued to investors on 11/11/16 to Buy with price target of $0. The financial services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Genworth Financial had a negative net margin of 3.31% and a negative return on equity of 1.97%. Its revenue totaled $2.14 billion up 0.02% from the previous quarter. Analysts expect next quarter's EPS to be $0.22 with next year's EPS projected to be $0.91. The business's revenue was down.6% on a year-over-year basis.

Additionally on 10/05/16 BTIG Research "Downgrades" Genworth Financial Inc (NYSE:GNW) to Neutral and on 9/23/16 Goldman Sachs "Maintained" the stock to Neutral at $4. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company was maintained on Tuesday, August 1 by Wells Fargo. ValuEngine raised shares of Genworth Financial from a "sell" rating to a "hold" rating in a report on Tuesday, June 27th. At the moment, the average analyst rating for GNW is Hold.

04/30/2015 - Genworth Financial Inc had its "sell" rating reiterated by analysts at TheStreet.

Among 11 analysts covering Diana Shipping (NYSE:DSX), 2 have Buy rating, 2 Sell and 7 Hold. Genworth Financial now has a consensus rating of "Hold" and an average target price of $4.27.

Genworth Financial Inc (NYSE:GNW) 52-week high price stands at $5.27 and low price stands at $3.12, its price distance from 52-week high is -27.32% while its distance from 52-week low price is 22.76%. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & global copyright and trademark laws. Genworth Financial had 21 analyst reports since August 5, 2015 according to SRatingsIntel.

Genworth Financial, Inc (Genworth) is a financial security company. Northwestern Mutual Investment Management Company, LLC divested its investment by selling 8 shares a decrease of 0.0% in the quarter.

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