Amalgamated Bank Has $877,000 Holdings in Genworth Financial, Inc. (NYSE:GNW)

Amalgamated Bank decreased its holdings in shares of Genworth Financial, Inc. (NYSE:GNW) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 125,504 shares of the financial services provider’s stock after selling 1,769 shares during the period. Amalgamated Bank’s holdings in Genworth Financial were worth $877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GNW. Harbor Capital Advisors Inc. bought a new position in Genworth Financial in the third quarter valued at approximately $30,000. Byrne Asset Management LLC raised 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 valued at $31,000 after acquiring an additional 2,680 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Genworth Financial in the 3rd quarter valued at $73,000. GAMMA Investing LLC boosted its position in shares of Genworth Financial by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new stake in shares of Genworth Financial during the third quarter worth $91,000. 81.85% of the stock is owned by institutional investors.

Genworth Financial Stock Down 0.6 %

Genworth Financial stock opened at $6.91 on Tuesday. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.16 and a beta of 1.00. The company’s 50 day simple moving average is $7.02 and its 200 day simple moving average is $7.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

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

Wall Street Analysts Forecast Growth

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

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.