Genworth Finl INC (GNW) Share Price Declined While Taconic Capital Advisors LP Has Trimmed Its Stake

Genworth Financial, Inc. (NYSE:GNW) LogoInvestors sentiment increased to 1.08 in 2018 Q2. Its up 0.12, from 0.96 in 2018Q1. It improved, 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. Brigade Capital Management Lp invested 0.03% of its portfolio in Genworth Financial, Inc. (NYSE:GNW). Sei Invs stated it has 0% of its portfolio in Genworth Financial, Inc. (NYSE:GNW). Liberty Mutual Group Inc Asset Management owns 99,407 shares or 0.01% of their US portfolio. Citigroup reported 1.52 million shares. Royal Comml Bank Of Canada holds 0% in Genworth Financial, Inc. (NYSE:GNW) or 461,811 shares. Piedmont Investment Advisors Ltd Liability Corporation has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Vanguard Gru reported 44.43M shares. Linscomb Williams holds 0% in Genworth Financial, Inc. (NYSE:GNW) or 10,000 shares. Cibc Ww has 67,398 shares. First Wilshire Management invested in 804,752 shares. Captrust Finance Advisors has 17,185 shares for 0% of their portfolio. Systematic Fincl Mngmt Ltd Partnership has invested 0.03% in Genworth Financial, Inc. (NYSE:GNW). Advisory Service Net Ltd Company has invested 0% in Genworth Financial, Inc. (NYSE:GNW). The Ontario – Canada-based Scotia Capital Incorporated has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Pnc Fincl Service Grp holds 0% or 6,905 shares in its portfolio.

Taconic Capital Advisors Lp decreased its stake in Genworth Finl Inc (GNW) by 90% based on its latest 2018Q2 regulatory filing with the SEC. Taconic Capital Advisors Lp sold 2.70M shares as the company’s stock declined 3.62% while stock markets rallied. The hedge fund held 300,000 shares of the life insurance company at the end of 2018Q2, valued at $1.35 million, down from 3.00 million at the end of the previous reported quarter. Taconic Capital Advisors Lp who had been investing in Genworth Finl Inc for a number of months, seems to be less bullish one the $2.17 billion market cap company. The stock increased 1.64% or $0.07 during the last trading session, reaching $4.33. About 4.15 million shares traded or 4.91% up from the average. Genworth Financial, Inc. (NYSE:GNW) has risen 14.11% since December 8, 2017 and is uptrending. It has underperformed by 1.51% the S&P500.

Taconic Capital Advisors Lp, which manages about $11.01B and $571.40 million US Long portfolio, upped its stake in Alphabet Inc by 32,400 shares to 52,400 shares, valued at $58.46M in 2018Q2, according to the filing.

Analysts await Genworth Financial, Inc. (NYSE:GNW) to report earnings on February, 5. They expect $0.23 earnings per share, down 64.62 % or $0.42 from last year’s $0.65 per share. GNW’s profit will be $115.16M for 4.71 P/E if the $0.23 EPS becomes a reality. After $0.29 actual earnings per share reported by Genworth Financial, Inc. for the previous quarter, Wall Street now forecasts -20.69 % negative EPS growth.

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

Among 2 analysts covering Genworth Financial (NYSE:GNW), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Genworth Financial had 2 analyst reports since June 11, 2018 according to SRatingsIntel. Wells Fargo maintained Genworth Financial, Inc. (NYSE:GNW) rating on Monday, June 11. Wells Fargo has “Market Perform” rating and $5 target. On Monday, June 11 the stock rating was maintained by BTIG Research with “Hold”.

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

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