New Generation Advisors Lowers stake in Genworth Financial Inc (GNW)

Genworth Financial Inc (GNW) : New Generation Advisors reduced its stake in Genworth Financial Inc by 0.93% during the most recent quarter end. The investment management company now holds a total of 1,232,117 shares of Genworth Financial Inc which is valued at $4,398,658 after selling 11,596 shares in Genworth Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Genworth Financial Inc makes up approximately 3.31% of New Generation Advisors’s portfolio.

Other Hedge Funds, Including , Boothbay Fund Management added GNW to its portfolio by purchasing 32,703 company shares during the most recent quarter which is valued at $116,750. Genworth Financial Inc makes up approx 0.05% of Boothbay Fund Management’s portfolio.Renaissance Technologies boosted its stake in GNW in the latest quarter, The investment management firm added 1,251,600 additional shares and now holds a total of 2,113,568 shares of Genworth Financial Inc which is valued at $7,545,438. Genworth Financial Inc makes up approx 0.01% of Renaissance Technologies’s portfolio.Parametric Portfolio Associates boosted its stake in GNW in the latest quarter, The investment management firm added 876,692 additional shares and now holds a total of 1,737,564 shares of Genworth Financial Inc which is valued at $6,203,103. Genworth Financial Inc makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Bogle Investment Management L P De boosted its stake in GNW in the latest quarter, The investment management firm added 962,124 additional shares and now holds a total of 2,941,718 shares of Genworth Financial Inc which is valued at $10,501,933. Genworth Financial Inc makes up approx 0.66% of Bogle Investment Management L P De’s portfolio. Allianz Asset Management Ag added GNW to its portfolio by purchasing 1,270,727 company shares during the most recent quarter which is valued at $4,536,495. Genworth Financial Inc makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.

Genworth Financial Inc closed down -0.02 points or -0.42% at $4.71 with 1,20,53,265 shares getting traded on Thursday. Post opening the session at $4.73, the shares hit an intraday low of $4.4639 and an intraday high of $4.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Genworth Financial Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.20. The company had revenue of $2236.00 million for the quarter, compared to analysts expectations of $2148.21 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

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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