JPMorgan Chase & Co. Cuts Stock Position in Genworth Financial, Inc. $GNW

robot
Abstract generation in progress

JPMorgan Chase & Co. has reduced its stake in Genworth Financial, Inc. by 32.1% in the third quarter, selling over 545,000 shares, although it still holds 1.15 million shares valued at $10.24 million. Despite this reduction, other institutional investors have increased their positions in GNW, with overall institutional ownership at 81.85%. Genworth Financial is currently trading around $7.99, has a “Moderate Buy” consensus rating from analysts with an average price target of $10.50, and recently missed its quarterly EPS estimate.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin