24 August, 2017
As of the end of the quarter Manufacturers Life Insurance Company, The had sold a total of 448,002 shares trimming its holdings by 83.4%.
World Asset Management Inc cut its stake in Genworth Financial Inc (NYSE:GNW) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of GNW.
Let's have a look at some of the important valuation ratios of the Genworth Financial Inc (GNW). State Street Corp increased its position in Genworth Financial by 4.8% in the first quarter. Creative Planning now owns 98,750 shares of the financial services provider's stock valued at $407,000 after buying an additional 13,977 shares in the last quarter. FMR LLC increased its position in Genworth Financial by 6.8% in the first quarter. (NYSE:GNW) are -2.29%; 0.29% for the month; -5.79% for the last quarter; -14.93% for the past six-months; and -16.18% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Finally, Sigma Planning Corp raised its position in Genworth Financial by 8.8% in the first quarter. Tiedemann Wealth Management LLC now owns 26,041 shares of the financial services provider's stock valued at $107,000 after buying an additional 10,901 shares during the last quarter. Hedge funds and other institutional investors own 66.17% of the company's stock. Equities research analysts expect that Genworth Financial Inc will post $1.03 EPS for the current fiscal year. Market capitalization is the total value of any firm in the stock market.
Genworth Financial Inc (NYSE:GNW) as of recent trade, has shown weekly downbeat performance of -3.46% which was maintained at -4.29% in 1-month period. On average, analysts predict that Genworth Financial will post $1.03 earnings per share for the current year. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.14 billion.
While having a peek at profitability ratios Genworth Financial Inc (NYSE:GNW) has trailing twelve month gross margin at 0%, its trailing twelve month operating margin stands at 9.6% whereas its trailing twelve month net profit margin spots at -1.7%. The business's quarterly revenue was down.6% compared to the same quarter a year ago. During the same quarter in the previous year, the business earned $0.39 earnings per share.
TRADEMARK VIOLATION WARNING: This report was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this report on another publication, it was illegally copied and reposted in violation of U.S. and global trademark & copyright laws. Zacks Investment Research upgraded shares of Genworth Financial from a "hold" rating to a "buy" rating and set a $4.25 price target for the company in a research note on Thursday, May 4th.
09/22/2016 - Wells Fargo began new coverage on Genworth Financial Inc giving the company a "market perform" rating. BidaskClub raised shares of Genworth Financial from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th.
03/30/2015 - Genworth Financial Inc had its "strong sell" rating reiterated by analysts at Zacks. Entree Resources Ltd. has 0 buy ratings, 1 holds and 0 sells even after the stock tumbled -34.19% from its high of $0.7199 to a $85.77 million market value through last close. The analysts estimated sales for the higher end at 2128 million and lower end at 2112 million while the year ago reported sale was 2210.7 million.
Genworth Financial, Inc (Genworth) is a financial security company.
Genworth Financial, Inc. provides mortgage insurance products that allow people to purchase homes.
