Genworth Financial, Inc. (NYSE:GNW) Short Interest Up 6.5% in April

Genworth Financial, Inc. (NYSE:GNW) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 6,590,000 shares, an increase of 6.5% from the March 31st total of 6,190,000 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 2,870,000 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On Genworth Financial

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of Genworth Financial by 61.0% during the first quarter. BNP Paribas Financial Markets now owns 226,534 shares of the financial services provider’s stock valued at $1,457,000 after purchasing an additional 85,867 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Genworth Financial by 1.3% during the first quarter. Commonwealth Equity Services LLC now owns 306,136 shares of the financial services provider’s stock valued at $1,968,000 after purchasing an additional 3,900 shares during the last quarter. Activest Wealth Management bought a new position in shares of Genworth Financial during the first quarter valued at approximately $31,000. Simplicity Wealth LLC bought a new position in shares of Genworth Financial during the first quarter valued at approximately $79,000. Finally, Raymond James & Associates grew its holdings in shares of Genworth Financial by 1.4% during the first quarter. Raymond James & Associates now owns 1,067,401 shares of the financial services provider’s stock valued at $6,863,000 after purchasing an additional 14,721 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price objective on Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th.

Genworth Financial Stock Up 2.4 %

Shares of Genworth Financial stock opened at $6.07 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.67 billion, a P/E ratio of -607,000.00 and a beta of 1.08. Genworth Financial has a fifty-two week low of $4.51 and a fifty-two week high of $6.93. The business has a 50-day moving average price of $6.17 and a 200 day moving average price of $6.18.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($0.51) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.70). The firm had revenue of $1.91 billion during the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. During the same period in the prior year, the company posted $0.35 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.