Genworth Finl INC (GNW) Shares Declined While Taconic Capital Advisors LP Has Trimmed Position

Genworth Financial, Inc. (NYSE:GNW) LogoInvestors sentiment increased to 1.08 in Q2 2018. Its up 0.12, from 0.96 in 2018Q1. It is positive, 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. Moreover, Proshare Llc has 0.01% invested in Genworth Financial, Inc. (NYSE:GNW) for 183,006 shares. Legal And General Gru Public Ltd Company, United Kingdom-based fund reported 1.71 million shares. Gru One Trading Ltd Partnership reported 102,144 shares or 0% of all its holdings. 12,190 were accumulated by Commerzbank Aktiengesellschaft Fi. Illinois-based Wolverine Asset Management Ltd Liability has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Gam Ag reported 143,130 shares or 0.02% of all its holdings. Commonwealth Retail Bank Of holds 0.05% or 1.12 million shares in its portfolio. State Board Of Administration Of Florida Retirement Systems reported 372,122 shares. Capstone Investment Advisors Ltd Co reported 642,518 shares. Bnp Paribas Arbitrage Sa invested 0% in Genworth Financial, Inc. (NYSE:GNW). Eqis Cap Mgmt reported 1.60 million shares. Hanson Mcclain has 0% invested in Genworth Financial, Inc. (NYSE:GNW). California State Teachers Retirement System stated it has 0.01% in Genworth Financial, Inc. (NYSE:GNW). Menta Capital Limited Liability Corp stated it has 0.12% of its portfolio in Genworth Financial, Inc. (NYSE:GNW). 53,200 were reported by Virginia Retirement Et Al.

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 $1.35M, 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 4.15M 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 Amazon Com Inc (Put) (NASDAQ:AMZN) by 80,000 shares to 100,000 shares, valued at $3.85M 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 $115.16 million 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. The rating was maintained by BTIG Research on Monday, June 11 with “Hold”. On Monday, June 11 the stock rating was maintained by Wells Fargo with “Market Perform”.

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

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