Amalgamated Bank Boosts Holdings in Genworth Financial Inc (GNW)

Amalgamated Bank raised its position in Genworth Financial Inc (NYSE:GNW) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,452 shares of the financial services provider’s stock after purchasing an additional 818 shares during the quarter. Amalgamated Bank’s holdings in Genworth Financial were worth $269,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NEXT Financial Group Inc increased its stake in shares of Genworth Financial by 0.5% in the second quarter. NEXT Financial Group Inc now owns 31,651 shares of the financial services provider’s stock valued at $119,000 after buying an additional 151 shares during the period. LS Investment Advisors LLC increased its stake in shares of Genworth Financial by 18.0% in the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock valued at $147,000 after buying an additional 5,936 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Genworth Financial by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 40,020 shares of the financial services provider’s stock valued at $151,000 after buying an additional 418 shares during the period. Atria Investments LLC increased its stake in shares of Genworth Financial by 66.2% in the second quarter. Atria Investments LLC now owns 42,103 shares of the financial services provider’s stock valued at $159,000 after buying an additional 16,767 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Genworth Financial in the first quarter valued at about $169,000. Hedge funds and other institutional investors own 67.58% of the company’s stock.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.14 billion. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. Genworth Financial’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS.

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Several equities research analysts have recently weighed in on the company. ValuEngine raised Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $4.00 price target on shares of Genworth Financial in a research note on Tuesday, October 3rd. BidaskClub cut Genworth Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Tuesday, September 5th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.27.

About Genworth Financial

Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.

Institutional Ownership by Quarter for Genworth Financial (NYSE:GNW)

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