Genworth Financial Inc (GNW) Shares Sold by Balyasny Asset Management LLC

Balyasny Asset Management LLC lowered its position in Genworth Financial Inc (NYSE:GNW) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,735 shares of the financial services provider’s stock after selling 150 shares during the quarter. Balyasny Asset Management LLC’s holdings in Genworth Financial were worth $101,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Genworth Financial by 9,605.2% in the first quarter. BlackRock Inc. now owns 48,718,954 shares of the financial services provider’s stock worth $200,723,000 after purchasing an additional 48,216,968 shares in the last quarter. Vanguard Group Inc. grew its stake in Genworth Financial by 7.0% in the second quarter. Vanguard Group Inc. now owns 41,753,927 shares of the financial services provider’s stock worth $157,413,000 after purchasing an additional 2,745,057 shares in the last quarter. State Street Corp grew its stake in Genworth Financial by 4.8% in the first quarter. State Street Corp now owns 22,984,009 shares of the financial services provider’s stock worth $94,689,000 after purchasing an additional 1,047,155 shares in the last quarter. FMR LLC grew its stake in Genworth Financial by 2.3% in the second quarter. FMR LLC now owns 17,648,582 shares of the financial services provider’s stock worth $66,535,000 after purchasing an additional 391,790 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Genworth Financial by 1.1% in the second quarter. Northern Trust Corp now owns 8,225,132 shares of the financial services provider’s stock worth $31,009,000 after purchasing an additional 92,117 shares in the last quarter. 67.58% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on GNW shares. Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research note on Tuesday, August 1st. BTIG Research reissued a “neutral” rating on shares of Genworth Financial in a research note on Saturday, September 16th. BidaskClub raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $4.27.

Shares of Genworth Financial Inc (GNW) opened at 3.81 on Monday. Genworth Financial Inc has a 12 month low of $3.12 and a 12 month high of $5.21. The company’s market cap is $1.90 billion. The firm’s 50-day moving average price is $3.75 and its 200 day moving average price is $3.68.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Genworth Financial Inc will post $1.06 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://transcriptdaily.com/2017/10/23/genworth-financial-inc-gnw-shares-sold-by-balyasny-asset-management-llc.html.

About Genworth Financial

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial Inc (NYSE:GNW).

Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

Receive News & Ratings for Genworth Financial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply