Quinn Opportunity Partners LLC Trimmed Genworth Financial INC (GNW) Position by $3.65 Million; Shares Declined

October 2, 2018 - By Adrian Mccoy

Genworth Financial, Inc. (NYSE:GNW) LogoInvestors sentiment increased to 1.08 in Q2 2018. Its up 0.12, from 0.96 in 2018Q1. It increased, as 24 investors sold GNW shares while 76 reduced holdings. 43 funds opened positions while 65 raised stakes. 298.21 million shares or 4.08% less from 310.88 million shares in 2018Q1 were reported. Gabelli & Advisers reported 234,936 shares or 0.13% of all its holdings. Voya Mngmt Limited Company invested in 1.02 million shares. Adirondack Research Mngmt Inc accumulated 1.04 million shares. Qcm Cayman Ltd owns 12,276 shares or 0.26% of their US portfolio. Scotia Cap Inc has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Alliancebernstein LP has 0% invested in Genworth Financial, Inc. (NYSE:GNW) for 1.29 million shares. Commercial Bank Of America De has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Tiaa Cref Investment Mngmt Ltd Liability accumulated 1.47 million shares or 0% of the stock. Ww Asset stated it has 37,313 shares or 0.01% of all its holdings. Brigade Capital Mngmt Ltd Partnership holds 0.03% or 100,000 shares in its portfolio. Goldman Sachs accumulated 0% or 2.70M shares. Jpmorgan Chase & Company has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Savant Ltd owns 10,040 shares for 0.01% of their portfolio. Thompson Siegel Walmsley Limited Liability owns 633,968 shares. Preferred Limited Company holds 0.06% of its portfolio in Genworth Financial, Inc. (NYSE:GNW) for 29,236 shares.

Quinn Opportunity Partners Llc decreased its stake in Genworth Financial Inc (GNW) by 88.89% based on its latest 2018Q2 regulatory filing with the SEC. Quinn Opportunity Partners Llc sold 912,493 shares as the company’s stock declined 3.62% while stock markets rallied. The institutional investor held 114,000 shares of the life insurance company at the end of 2018Q2, valued at $513,000, down from 1.03 million at the end of the previous reported quarter. Quinn Opportunity Partners Llc who had been investing in Genworth Financial Inc for a number of months, seems to be less bullish one the $2.07 billion market cap company. The stock decreased 0.24% or $0.01 during the last trading session, reaching $4.13. About 982,249 shares traded. Genworth Financial, Inc. (NYSE:GNW) has risen 14.11% since October 2, 2017 and is uptrending. It has underperformed by 1.51% the S&P500.

Quinn Opportunity Partners Llc, which manages about $751.37 million US Long portfolio, upped its stake in Netflix Inc (NASDAQ:NFLX) by 16,000 shares to 17,500 shares, valued at $6.85M in 2018Q2, according to the filing. It also increased its holding in Nxp Semiconductors Nv (NASDAQ:NXPI) by 555,473 shares in the quarter, for a total of 866,223 shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

Analysts await Genworth Financial, Inc. (NYSE:GNW) to report earnings on November, 1. They expect $0.23 EPS, up 53.33 % or $0.08 from last year’s $0.15 per share. GNW’s profit will be $115.17 million for 4.49 P/E if the $0.23 EPS becomes a reality. After $0.40 actual EPS reported by Genworth Financial, Inc. for the previous quarter, Wall Street now forecasts -42.50 % negative EPS growth.

Genworth Financial, Inc. (NYSE:GNW) Ratings Coverage

Among 3 analysts covering Genworth Financial (NYSE:GNW), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Genworth Financial had 4 analyst reports since April 11, 2018 according to SRatingsIntel. BTIG Research maintained the stock with “Hold” rating in Wednesday, May 2 report. The firm has “Hold” rating given on Monday, June 11 by BTIG Research. Wells Fargo maintained the shares of GNW in report on Monday, June 11 with “Market Perform” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, April 11.

Genworth Financial, Inc. (NYSE:GNW) Institutional Positions Chart

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