Genworth Financial, Inc. (NYSE:GNW) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in Genworth Financial, Inc. (NYSE:GNW) by 5.1% during the third quarter, Holdings Channel reports. The institutional investor owned 127,273 shares of the financial services provider’s stock after selling 6,853 shares during the period. Amalgamated Bank’s holdings in Genworth Financial were worth $872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GNW. UniSuper Management Pty Ltd acquired a new stake in shares of Genworth Financial during the 1st quarter worth about $562,000. Donald Smith & CO. Inc. increased its stake in Genworth Financial by 3.7% in the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock valued at $171,355,000 after purchasing an additional 901,485 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Genworth Financial by 138.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock worth $25,571,000 after buying an additional 2,456,816 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Genworth Financial by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 912,090 shares of the financial services provider’s stock valued at $6,248,000 after buying an additional 7,502 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Genworth Financial by 62.0% in the 2nd quarter. Renaissance Technologies LLC now owns 548,900 shares of the financial services provider’s stock valued at $3,315,000 after buying an additional 210,000 shares during the last quarter. 81.85% of the stock is currently owned by institutional investors and hedge funds.

Genworth Financial Stock Down 0.8 %

GNW stock opened at $7.28 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $3.11 billion, a PE ratio of 34.64 and a beta of 0.95. Genworth Financial, Inc. has a one year low of $5.67 and a one year high of $7.48. The company has a fifty day moving average of $6.88 and a 200-day moving average of $6.57.

Analyst Ratings Changes

Separately, StockNews.com raised Genworth Financial from a “hold” rating to a “buy” rating in a research report on Tuesday.

Insider Transactions at Genworth Financial

In other news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the sale, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. The trade was a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

About Genworth Financial

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.