As Genworth Finl INC (GNW) Shares Declined, Eqis Capital Management INC Has Cut 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 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. Savant Capital Limited Liability Co owns 10,040 shares. Ontario Teachers Pension Plan Board has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Citadel Advsrs Ltd Liability Com holds 0% or 58,138 shares. Schwab Charles Investment reported 3.73M shares stake. Ny State Common Retirement Fund reported 0% of its portfolio in Genworth Financial, Inc. (NYSE:GNW). Pnc Services Inc holds 0% or 6,905 shares. Victory Capital, a Ohio-based fund reported 74,622 shares. Scotia Cap accumulated 41,734 shares or 0% of the stock. 25,665 are owned by Cetera Ltd Liability Corp. National Bank Of Montreal Can reported 31,229 shares. Highlander Capital Mgmt Limited Liability Corp invested 0.01% of its portfolio in Genworth Financial, Inc. (NYSE:GNW). Moreover, Voya Invest Mngmt Limited Company has 0.01% invested in Genworth Financial, Inc. (NYSE:GNW). Walleye Trading Ltd Limited Liability Company invested 0% in Genworth Financial, Inc. (NYSE:GNW). Teachers Retirement Sys Of The State Of Kentucky invested in 114,160 shares. Aqr Capital Ltd Llc holds 0% or 914,894 shares.

Eqis Capital Management Inc decreased its stake in Genworth Finl Inc (GNW) by 48.68% based on its latest 2018Q2 regulatory filing with the SEC. Eqis Capital Management Inc sold 1.52M shares as the company’s stock declined 3.62% while stock markets rallied. The institutional investor held 1.60 million shares of the life insurance company at the end of 2018Q2, valued at $7.19 million, down from 3.11 million at the end of the previous reported quarter. Eqis Capital Management Inc who had been investing in Genworth Finl Inc for a number of months, seems to be less bullish one the $2.28 billion market cap company. The stock decreased 4.21% or $0.2 during the last trading session, reaching $4.55. About 5.54 million shares traded or 45.33% up from the average. Genworth Financial, Inc. (NYSE:GNW) has risen 14.11% since December 6, 2017 and is uptrending. It has underperformed by 1.51% the S&P500.

Eqis Capital Management Inc, which manages about $779.38M and $1.66B US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 17,476 shares to 45,277 shares, valued at $12.28 million in 2018Q2, according to the filing. It also increased its holding in Mallinckrodt Pub Ltd Co (NYSE:MNK) by 199,079 shares in the quarter, for a total of 217,845 shares, and has risen its stake in Ishares Tr (IEI).

Analysts await Genworth Financial, Inc. (NYSE:GNW) to report earnings on February, 5. They expect $0.23 EPS, down 64.62 % or $0.42 from last year’s $0.65 per share. GNW’s profit will be $115.15 million for 4.95 P/E if the $0.23 EPS becomes a reality. After $0.29 actual EPS 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 firm has “Market Perform” rating given on Monday, June 11 by Wells Fargo. The company was maintained on Monday, June 11 by BTIG Research.

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

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