The firm owned 451,164 shares of the financial services provider’s stock after selling 206,186 shares during the period.
Several other equities research analysts have also recently weighed in on the company. BlackRock Inc. increased its position in Genworth Financial by 9,605.2% during the 1st quarter.
Genworth Financial, Inc.’s insider ownership stands at 0.16 percent, while its insider transaction is 0 percent. Southpoint Capital Advisors LP acquired a new position in shares of Genworth Financial during the 1st quarter worth approximately $25,192,000. Prudential Financial Inc. grew its position in shares of Genworth Financial by 35.1% during the first quarter. Finally, Shelton Capital Management bought a new position in shares of Genworth Financial in the second quarter worth approximately $140,000. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 10,901 shares during the last quarter. Finally, FMR LLC lifted its stake in Genworth Financial by 6.8% during the first quarter. CNH Partners LLC now owns 7,796,296 shares of the financial services provider’s stock worth $29,392,000 after purchasing an additional 3,129,795 shares during the last quarter. The company shares sank -11.54% from their peak of $12.83 and now has a $933.31 million market value of equity.
Genworth Financial Inc was upgraded to “buy” by analysts at Compass Point.
Genworth Financial, Inc.is maintained at an average hold rating by 5 stock analysts, and there are at least 2.39% of shares outstanding that are now legally short sold.
Shah Capital Management holds 10.78% of its portfolio in Genworth Financial Inc for 5.29 million shares. BidaskClub downgraded Genworth Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company.
The share price of the company (NYSE:GNW) was down -3.42%, with a high of 3.52 during the day and the volume of Genworth Financial Inc shares traded was 4253327. If you are accessing this article on another website, it was stolen and republished in violation of USA and worldwide trademark & copyright legislation.
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(NYSE:GNW) shares saw light trading volume with 454K shares changing hands on Thursday. The stock’s market cap is $1.69 billion. It is trading at $3.39 marginally under $3.45, the 50 day moving average and which is a tad under the 200 day moving average of $3.74. The stock’s 52-week range is $3.22 to $5.27, and its 3-month range is $3.29 to $3.84. The value of the total investment in Genworth Financial Inc went from $726,000 to $502,000 decreasing 30.9% quarter to quarter.
In the last earnings report the EPS was $-0.29 and is estimated to be $1.03 for the current year with 499,143,000 shares presently outstanding. Also, the number of active investment managers holding Genworth Financial Inc in their top 10 equity positions increased from 2 to 3 for an increase of 1. The business’s revenue was down.6% on a year-over-year basis.
Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 0.8 in total earnings per share. Past 5 years growth of ECA observed at -, and for the next five years the analysts that follow this company are expecting its growth at -28.07%.
Ratings analysis reveals 13% of Genworth Financial’s analysts are positive.