Lmm buys $67,633,598 stake in Genworth Financial Inc (GNW)

Genworth Financial Inc (GNW) : Lmm scooped up 61,700 additional shares in Genworth Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 15,692,250 shares of Genworth Financial Inc which is valued at $67,633,598.Genworth Financial Inc makes up approximately 3.83% of Lmm’s portfolio.

Other Hedge Funds, Including , Menta Capital reduced its stake in GNW by selling 110,800 shares or 44.32% in the most recent quarter. The Hedge Fund company now holds 139,198 shares of GNW which is valued at $599,943. Genworth Financial Inc makes up approx 0.06% of Menta Capital’s portfolio.Rational Advisors reduced its stake in GNW by selling 23,000 shares or 46.94% in the most recent quarter. The Hedge Fund company now holds 26,000 shares of GNW which is valued at $104,000. Genworth Financial Inc makes up approx 0.07% of Rational Advisors’s portfolio.Retirement Systems Of Alabama reduced its stake in GNW by selling 827 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 642,175 shares of GNW which is valued at $2,581,544. Genworth Financial Inc makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Nordea Investment Management Ab boosted its stake in GNW in the latest quarter, The investment management firm added 9,700 additional shares and now holds a total of 277,500 shares of Genworth Financial Inc which is valued at $1,162,725.Louisiana State Employees Retirement System reduced its stake in GNW by selling 3,700 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 128,900 shares of GNW which is valued at $589,073. Genworth Financial Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

Genworth Financial Inc opened for trading at $4.34 and hit $4.44 on the upside on Monday, eventually ending the session at $4.37, with a gain of 0.92% or 0.04 points. The heightened volatility saw the trading volume jump to 70,66,899 shares. Company has a market cap of $2,178 M.

On the company’s financial health, Genworth Financial Inc reported $-0.81 EPS for the quarter, missing the analyst consensus estimate by $ -1.03 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.22. The company had revenue of $2150.00 million for the quarter, compared to analysts expectations of $2151.34 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 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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