Genworth Financial, Inc. (NYSE:GNW) Short Interest Update

Genworth Financial, Inc. (NYSE:GNW) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 7,022,685 shares, a decline of 15.0% from the January 29th total of 8,259,889 shares. Based on an average daily volume of 3,639,043 shares, the short-interest ratio is presently 1.9 days. Currently, 1.8% of the shares of the company are sold short. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 3,639,043 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

GNW has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings raised Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Genworth Financial currently has an average rating of “Buy” and an average price target of $10.00.

Genworth Financial Price Performance

GNW traded down $0.04 on Thursday, reaching $8.52. The company had a trading volume of 3,498,352 shares, compared to its average volume of 3,820,792. Genworth Financial has a 52-week low of $5.99 and a 52-week high of $9.28. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 16.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.29 and a current ratio of 0.29. The business has a 50 day simple moving average of $8.69 and a 200 day simple moving average of $8.69.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Monday, February 23rd. The financial services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). The company had revenue of $1.04 billion during the quarter. Genworth Financial had a return on equity of 1.48% and a net margin of 3.05%.

Hedge Funds Weigh In On Genworth Financial

A number of large investors have recently bought and sold shares of the stock. Algebris UK Ltd. bought a new stake in shares of Genworth Financial in the third quarter worth about $2,418,000. American Century Companies Inc. grew its position in shares of Genworth Financial by 7.9% in the 3rd quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider’s stock worth $85,151,000 after buying an additional 704,498 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Genworth Financial during the third quarter valued at approximately $3,842,000. Public Sector Pension Investment Board increased its position in Genworth Financial by 13.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,600,906 shares of the financial services provider’s stock valued at $14,248,000 after buying an additional 187,954 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Genworth Financial by 30.5% in the 3rd quarter. Voya Investment Management LLC now owns 817,996 shares of the financial services provider’s stock worth $7,280,000 after purchasing an additional 191,384 shares during the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.