Eqis Capital Management adds Genworth Financial Inc (GNW) to its portfolio

Genworth Financial Inc (GNW) : Eqis Capital Management added new position in Genworth Financial Inc during the most recent quarter end. The investment management firm now holds 747,387 shares of Genworth Financial Inc which is valued at $3,841,569 , the company said in a statement filed on Oct 4, 2016 with the SEC.Genworth Financial Inc makes up approximately 0.24% of Eqis Capital Management’s portfolio.

Genworth Financial Inc opened for trading at $4.97 and hit $5.17 on the upside on Tuesday, eventually ending the session at $5.07, with a gain of 2.01% or 0.1 points. The heightened volatility saw the trading volume jump to 89,97,122 shares. Company has a market cap of $2,527 M.

On the company’s financial health, Genworth Financial Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.20. The company had revenue of $2236.00 million for the quarter, compared to analysts expectations of $2148.21 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Genworth Financial Inc. Genworth Financial Inc was Resumed by Wells Fargo to “Market Perform” on Sep 23, 2016.

Genworth Financial Inc. is engaged in providing the insurance retirement and homeownership needs of its customers. The Company operates through three divisions: U.S. Life Insurance Global Mortgage Insurance and Corporate and Other. The Company operates in segments: U.S. Life Insurance in which it offers and manages a variety of insurance and fixed annuity products in the United States; International Mortgage Insurance in which it provides mortgage insurance products and related services in Canada and Australia and also in select European and other countries; U.S. Mortgage Insurance in which it offers mortgage insurance products predominantly insuring prime-based individually underwritten residential mortgage loans; International Protection in which it provides payment protection coverages and Runoff which includes the results of non-strategic products which are no longer actively sold.

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