Genworth Financial Inc (GNW) : Parametrica Management Ltd added new position in Genworth Financial Inc during the most recent quarter end. The investment management firm now holds 80,846 shares of Genworth Financial Inc which is valued at $406,655 , the company said in a statement filed on Oct 13, 2016 with the SEC.Genworth Financial Inc makes up approximately 1.15% of Parametrica Management Ltd’s portfolio.
Other Hedge Funds, Including , Shah Capital Management reduced its stake in GNW by selling 31,000 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 5,310,800 shares of GNW which is valued at $26,713,324. Genworth Financial Inc makes up approx 15.03% of Shah Capital Management’s portfolio.Legal General Group Plc boosted its stake in GNW in the latest quarter, The investment management firm added 136,529 additional shares and now holds a total of 2,292,365 shares of Genworth Financial Inc which is valued at $11,782,756. Genworth Financial Inc makes up approx 0.01% of Legal General Group Plc’s portfolio.Capstone Asset Management Co boosted its stake in GNW in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 58,194 shares of Genworth Financial Inc which is valued at $299,117. Genworth Financial Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Simplex Trading sold out all of its stake in GNW during the most recent quarter. The investment firm sold 9,484 shares of GNW which is valued $48,368. Eqis Capital Management added GNW to its portfolio by purchasing 747,387 company shares during the most recent quarter which is valued at $3,841,569. Genworth Financial Inc makes up approx 0.24% of Eqis Capital Management’s portfolio.
Genworth Financial Inc closed down -0.07 points or -1.34% at $5.14 with 75,05,760 shares getting traded on Tuesday. Post opening the session at $5.21, the shares hit an intraday low of $5.105 and an intraday high of $5.27 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.