As Genworth Financial (GNW) Shares Declined, Shareholder Shah Capital Management Has Cut Its Stake by $904,564; Norfolk Southern (NSC) Shareholder Chemical Bank Lifted Its Holding

Genworth Financial, Inc. (NYSE:GNW) Logo

Chemical Bank increased its stake in Norfolk Southern Corp (NSC) by 45.07% based on its latest 2018Q3 regulatory filing with the SEC. Chemical Bank bought 2,050 shares as the company’s stock declined 13.46% with the market. The institutional investor held 6,598 shares of the railroads company at the end of 2018Q3, valued at $1.19M, up from 4,548 at the end of the previous reported quarter. Chemical Bank who had been investing in Norfolk Southern Corp for a number of months, seems to be bullish on the $45.97 billion market cap company. The stock increased 0.58% or $0.99 during the last trading session, reaching $171.46. About 2.04 million shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 10.53% since February 10, 2018 and is uptrending. It has outperformed by 10.53% the S&P500. Some Historical NSC News: 27/04/2018 – Norfolk Southern Uses Analytics to Keep Trains on Track; 29/03/2018 – Gabby Morrongiello: SCOOP: WH officials involved in decision-making process on Hicks replacement are seriously eying NSC spox; 25/04/2018 – Norfolk Southern 1Q Net $552M; 27/03/2018 – Norfolk Southern appoints McClellan, Elkins to new positions; 25/04/2018 – Norfolk Southern Volume Jumps More Than Eight Times Average; 20/03/2018 – GE Transportation’s Modernization Program Hits New Milestones; 03/05/2018 – FOX 29: #BREAKING: #SEPTA service on the Wilmington/Newark Regional Rail Line will remain suspended through the end of toda…; 06/04/2018 – DOT STB: Case Title: NORFOLK SOUTHERN RAILWAY COMPANY – ABANDONMENT EXEMPTION – IN DAYTON, MONTGOMERY COUNTY, OHIO; 25/04/2018 – NORFOLK SOUTHERN CORP – INCREASING EXPECTED ANNUAL SHARE REPURCHASES TO $1.5 BLN FOR 2018; 30/04/2018 – Norfolk Southern receives American Chemistry Council award as industry-leading partner in responsible chemical transport

Shah Capital Management decreased its stake in Genworth Financial Inc (GNW) by 3.41% based on its latest 2018Q3 regulatory filing with the SEC. Shah Capital Management sold 226,141 shares as the company’s stock declined 6.37% with the market. The hedge fund held 6.40 million shares of the life insurance company at the end of 2018Q3, valued at $26.70M, down from 6.63M at the end of the previous reported quarter. Shah Capital Management who had been investing in Genworth Financial Inc for a number of months, seems to be less bullish one the $2.31 billion market cap company. The stock decreased 1.50% or $0.07 during the last trading session, reaching $4.61. About 4.23 million shares traded. Genworth Financial, Inc. (NYSE:GNW) has risen 26.04% since February 10, 2018 and is uptrending. It has outperformed by 26.04% the S&P500. Some Historical GNW News: 07/03/2018 – Genworth Closes $450 Million Senior Secured Term Loan; 01/05/2018 – Genworth 1Q Adj EPS 25c; 01/05/2018 – GENWORTH AUSTRALIA 1Q NET PREMIUMS EARNED A$67.4M; 13/04/2018 – GENWORTH FINL INC: FILES MIXED SECURITIES SHELF; 07/03/2018 Genworth Mortgage on bankers’ block trade watch list; 23/04/2018 – DJ Genworth Financial Inc Class A, Inst Holders, 1Q 2018 (GNW); 01/05/2018 – Genworth U.S. Life Insurance Adjusted Operating Loss of $5 M Compared to Adjusted Operating Income of $53 M in 1Q of 2017; 01/05/2018 – Genworth MI Canada 3Q Rev $1.12B; 01/05/2018 – GENWORTH AUSTRALIA GUIDANCE PROVIDED AT FY17 RESULTS UNCHANGED; 01/05/2018 – Genworth 1Q EPS 22c

Among 8 analysts covering Genworth Financial (NYSE:GNW), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Genworth Financial had 27 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, October 5, the company rating was downgraded by BTIG Research. The stock of Genworth Financial, Inc. (NYSE:GNW) earned “Buy” rating by Compass Point on Monday, February 8. The company was upgraded on Wednesday, August 5 by Macquarie Research. On Wednesday, April 11 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Neutral” rating by Goldman Sachs on Tuesday, November 17. UBS maintained Genworth Financial, Inc. (NYSE:GNW) rating on Tuesday, September 8. UBS has “Neutral” rating and $5.25 target. Wood maintained the shares of GNW in report on Wednesday, September 2 with “” rating. Macquarie Research maintained Genworth Financial, Inc. (NYSE:GNW) rating on Thursday, September 17. Macquarie Research has “Neutral” rating and $7 target. BTIG Research maintained the shares of GNW in report on Monday, June 11 with “Hold” rating. The rating was maintained by Wells Fargo with “Hold” on Tuesday, August 1.

Investors sentiment increased to 1.25 in 2018 Q3. Its up 0.17, from 1.08 in 2018Q2. It increased, as 26 investors sold GNW shares while 61 reduced holdings. 41 funds opened positions while 68 raised stakes. 299.04 million shares or 0.28% more from 298.21 million shares in 2018Q2 were reported. Raymond James Service holds 18,761 shares. Sg Americas Secs Ltd accumulated 395,322 shares or 0.01% of the stock. 190,403 are owned by Ameritas Invest. Oppenheimer And holds 59,126 shares or 0.01% of its portfolio. Fiera Cap Corporation stated it has 250,000 shares or 0% of all its holdings. State Of New Jersey Common Pension Fund D has invested 0.03% in Genworth Financial, Inc. (NYSE:GNW). Kentucky Retirement holds 0.05% of its portfolio in Genworth Financial, Inc. (NYSE:GNW) for 40,807 shares. Price T Rowe Assoc Inc Md invested in 116,444 shares. Fmr Ltd Liability Corporation owns 15.42 million shares for 0.01% of their portfolio. Sei Investments Commerce has 0% invested in Genworth Financial, Inc. (NYSE:GNW). Zeke Cap Advisors Ltd Limited Liability Company has 37,057 shares. Nomura has 0% invested in Genworth Financial, Inc. (NYSE:GNW) for 15,000 shares. Davenport Co Lc stated it has 105,487 shares. Prudential Inc, a New Jersey-based fund reported 6.23M shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 101,723 shares.

More notable recent Genworth Financial, Inc. (NYSE:GNW) news were published by: Streetinsider.com which released: “After-Hours Movers 01/14: (BGFV) (PLAY) (GNW) Higher; (BPTH) (ALNY) (STML) (more…) – StreetInsider.com” on January 14, 2019, also Gurufocus.com with their article: “Genworth and Oceanwide Extend Merger Agreement – GuruFocus.com” published on January 31, 2019, Seekingalpha.com published: “Merger Arbitrage Mondays – February 4, 2019 – Seeking Alpha” on February 04, 2019. More interesting news about Genworth Financial, Inc. (NYSE:GNW) were released by: Globenewswire.com and their article: “Factors of Influence in 2019, Key Indicators and Opportunity within Helmerich & Payne, Genworth Financial, PBF Energy, EastGroup Properties, Helix Energy, and The Clorox — New Research Emphasizes Economic Growth – GlobeNewswire” published on February 08, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 5, 2019 – Benzinga” with publication date: February 05, 2019.

Investors sentiment increased to 0.92 in Q3 2018. Its up 0.12, from 0.8 in 2018Q2. It increased, as 32 investors sold NSC shares while 354 reduced holdings. 111 funds opened positions while 245 raised stakes. 187.99 million shares or 3.43% less from 194.66 million shares in 2018Q2 were reported. 79,055 were accumulated by Mackenzie. Cape Ann Natl Bank holds 0.25% or 1,250 shares in its portfolio. 219,456 are owned by Dana Inc. Louisiana State Employees Retirement Sys holds 0.13% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 16,400 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested 0.14% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Carroll Financial Associates invested in 0.12% or 6,130 shares. Cipher LP reported 0.2% in Norfolk Southern Corporation (NYSE:NSC). Burke Herbert Savings Bank invested in 1.94% or 12,646 shares. Wesbanco Bank & Trust Inc owns 12,238 shares. 948 were reported by Hanson & Doremus Inv Mgmt. Stock Yards Natl Bank holds 17,596 shares or 0.32% of its portfolio. Qci Asset Mgmt Ny reported 0.02% stake. Independent has 1.15% invested in Norfolk Southern Corporation (NYSE:NSC) for 18,100 shares. Valley Natl Advisers holds 0.24% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 3,891 shares. Jane Street Group Inc holds 0.03% in Norfolk Southern Corporation (NYSE:NSC) or 93,025 shares.

Chemical Bank, which manages about $965.66 million US Long portfolio, decreased its stake in Ishares Msci Eafe Etf (EFA) by 8,468 shares to 78,248 shares, valued at $5.32 million in 2018Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 2,075 shares in the quarter, leaving it with 91,589 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

Since August 13, 2018, it had 0 buys, and 2 selling transactions for $553,170 activity. Earhart Cynthia C sold $414,954 worth of stock. Another trade for 34,077 shares valued at $5.85 million was made by Squires James A on Monday, August 13.

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 12 have Buy rating, 4 Sell and 15 Hold. Therefore 39% are positive. Norfolk Southern Corp. had 127 analyst reports since July 28, 2015 according to SRatingsIntel. Wolfe Research downgraded Norfolk Southern Corporation (NYSE:NSC) on Wednesday, March 15 to “Peer Perform” rating. The firm has “Buy” rating given on Tuesday, January 16 by Susquehanna. The rating was maintained by UBS with “Buy” on Thursday, April 26. CLSA downgraded Norfolk Southern Corporation (NYSE:NSC) on Tuesday, January 10 to “Underperform” rating. Susquehanna maintained Norfolk Southern Corporation (NYSE:NSC) on Wednesday, January 24 with “Buy” rating. Credit Suisse maintained the shares of NSC in report on Thursday, July 13 with “Buy” rating. As per Monday, July 10, the company rating was maintained by Cowen & Co. On Tuesday, July 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Wednesday, February 28 by Cowen & Co. The rating was downgraded by Macquarie Research on Monday, November 2 to “Underperform”.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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