Shah Capital Management Has Lifted Stake in Genworth Financial (GNW) by $821,967 as Stock Value Declined; Eagle Bancorp Md (EGBN) Shares Declined While Chevy Chase Trust Holdings Has Lowered by $339,154 Its Position

February 15, 2018 - By Hazel Jackson

Himanshu H. Shah increased its stake in Genworth Financial Inc (GNW) by 4.72% based on its latest 2017Q3 regulatory filing with the SEC. Shah Capital Management bought 273,989 shares as the company’s stock declined 8.54% while stock markets rallied. The hedge fund run by Himanshu H. Shah held 6.07M shares of the life insurance company at the end of 2017Q3, valued at $23.38 million, up from 5.80 million 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 bullish on the $1.43B market cap company. The stock increased 4.74% or $0.13 during the last trading session, reaching $2.87. About 7.15M shares traded or 52.39% up from the average. Genworth Financial, Inc. (NYSE:GNW) has risen 3.41% since February 15, 2017 and is uptrending. It has underperformed by 13.29% the S&P500.

Chevy Chase Trust Holdings Inc decreased its stake in Eagle Bancorp Inc Md (EGBN) by 4.23% based on its latest 2017Q3 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc sold 5,062 shares as the company’s stock declined 9.03% while stock markets rallied. The institutional investor held 114,556 shares of the finance company at the end of 2017Q3, valued at $7.68 million, down from 119,618 at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Eagle Bancorp Inc Md for a number of months, seems to be less bullish one the $2.14B market cap company. The stock increased 3.81% or $2.3 during the last trading session, reaching $62.65. About 93,531 shares traded. Eagle Bancorp, Inc. (NASDAQ:EGBN) has risen 15.46% since February 15, 2017 and is uptrending. It has underperformed by 1.24% the S&P500.

Among 5 analysts covering Eagle Bancorp (NASDAQ:EGBN), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Eagle Bancorp had 13 analyst reports since July 23, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded Eagle Bancorp, Inc. (NASDAQ:EGBN) on Monday, December 4 to “Buy” rating. Boenning & Scattergood maintained the shares of EGBN in report on Thursday, July 23 with “Outperform” rating. The firm has “Outperform” rating given on Friday, July 24 by FBR Capital. As per Thursday, July 20, the company rating was maintained by Boenning & Scattergood. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of EGBN in report on Thursday, October 19 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, January 18 with “Buy”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, August 4 report. As per Friday, January 19, the company rating was maintained by Sandler O’Neill. The stock of Eagle Bancorp, Inc. (NASDAQ:EGBN) earned “Market Perform” rating by Keefe Bruyette & Woods on Wednesday, December 2.

Investors sentiment decreased to 1.35 in 2017 Q3. Its down 0.18, from 1.53 in 2017Q2. It worsened, as 7 investors sold EGBN shares while 47 reduced holdings. 20 funds opened positions while 53 raised stakes. 22.91 million shares or 0.49% more from 22.80 million shares in 2017Q2 were reported. 10,573 were reported by Sei. Mutual Of America Capital reported 0.09% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN). Shine Advisory Svcs reported 0.01% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN). Sandy Spring Bank & Trust reported 8,512 shares. Keybank Association Oh stated it has 39,682 shares. Alps Advsr reported 0% stake. Spectrum Management Grp Incorporated invested in 0% or 12 shares. Assetmark Inc reported 26 shares stake. Quadrant Ltd Llc has 3,878 shares. D E Shaw And Co Inc holds 0% or 18,363 shares. Wms Prtnrs Limited Company invested in 11,560 shares or 0.09% of the stock. Smithfield Trust Com reported 5,599 shares. Banc Funds Ltd invested in 0.73% or 244,490 shares. Bankshares Of America Corporation De owns 280,818 shares for 0% of their portfolio. Swiss Retail Bank invested 0% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN).

Since August 25, 2017, it had 0 buys, and 12 insider sales for $6.61 million activity. Another trade for 10,000 shares valued at $633,156 was sold by Williams Janice L.. Another trade for 4,212 shares valued at $283,820 was sold by ALPERSTEIN LESLIE M.

Chevy Chase Trust Holdings Inc, which manages about $22.07 billion US Long portfolio, upped its stake in Halliburton Co (NYSE:HAL) by 7,443 shares to 758,237 shares, valued at $34.90M in 2017Q3, according to the filing. It also increased its holding in American Tower Corp New (NYSE:AMT) by 8,167 shares in the quarter, for a total of 375,624 shares, and has risen its stake in Salesforce Com Inc (NYSE:CRM).

Among 8 analysts covering Genworth Financial (NYSE:GNW), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Genworth Financial had 22 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 2 by Wood. The firm earned “Buy” rating on Monday, February 8 by Compass Point. Macquarie Research upgraded Genworth Financial, Inc. (NYSE:GNW) on Wednesday, August 5 to “Neutral” rating. The firm has “Neutral” rating given on Thursday, September 17 by Macquarie Research. The company was downgraded on Wednesday, November 4 by UBS. As per Tuesday, November 17, the company rating was initiated by Goldman Sachs. The company was maintained on Friday, November 3 by Keefe Bruyette & Woods. Compass Point upgraded the stock to “Buy” rating in Friday, November 11 report. The company was maintained on Monday, August 10 by Compass Point. As per Monday, September 19, the company rating was downgraded by Compass Point.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.13, from 1.15 in 2017Q2. It increased, as 17 investors sold GNW shares while 77 reduced holdings. 44 funds opened positions while 76 raised stakes. 315.12 million shares or 4.07% less from 328.49 million shares in 2017Q2 were reported. Moreover, D E Shaw has 0% invested in Genworth Financial, Inc. (NYSE:GNW) for 443,866 shares. Fort Washington Investment Inc Oh holds 0% of its portfolio in Genworth Financial, Inc. (NYSE:GNW) for 15,000 shares. Highlander Capital Mngmt Limited Co holds 0.01% or 4,225 shares. Returns Management Ltd Com owns 937,276 shares. Voya Invest Limited holds 0% or 229,734 shares. Oakbrook Invests Ltd Co reported 18,750 shares or 0% of all its holdings. Advisory Serv Ntwk Ltd Liability Corp has 1,000 shares. Wetherby Asset owns 10,138 shares or 0.01% of their US portfolio. Barclays Public Limited Liability invested in 0.01% or 1.80M shares. Ancora Advisors Ltd Company invested in 190,643 shares. Cetera Lc holds 37,787 shares or 0.01% of its portfolio. Oregon Employees Retirement Fund reported 0.01% in Genworth Financial, Inc. (NYSE:GNW). Wolverine Asset Mngmt Ltd Llc accumulated 235,258 shares. 11.72 million were reported by Dimensional Fund Advsrs Lp. Balyasny Asset Ltd Company stated it has 29,516 shares or 0% of all its holdings.

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