Amalgamated Bank Sells 1,769 Shares of Genworth Financial, Inc. (NYSE:GNW)

Amalgamated Bank lessened its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,504 shares of the financial services provider’s stock after selling 1,769 shares during the quarter. Amalgamated Bank’s holdings in Genworth Financial were worth $877,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Genworth Financial during the third quarter worth $30,000. Byrne Asset Management LLC increased its position in shares of Genworth Financial by 148.9% during the 4th quarter. Byrne Asset Management LLC now owns 4,480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,680 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Genworth Financial during the 3rd quarter worth about $73,000. GAMMA Investing LLC lifted its holdings in Genworth Financial by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new position in Genworth Financial in the third quarter valued at about $91,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Genworth Financial Trading Down 0.6 %

Shares of GNW opened at $6.91 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 10.16 and a beta of 1.00. The stock has a fifty day moving average price of $7.02 and a two-hundred day moving average price of $7.05. Genworth Financial, Inc. has a 52-week low of $5.67 and a 52-week high of $7.90.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The business had revenue of $1.82 billion during the quarter. During the same period last year, the company earned ($0.51) earnings per share.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.