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

Genworth Financial, Inc. (NYSE:GNW) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 5,690,000 shares, an increase of 5.2% from the August 31st total of 5,410,000 shares. Based on an average trading volume of 2,760,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.3% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, CEO Thomas J. Mcinerney sold 150,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $1,032,000.00. Following the completion of the transaction, the chief executive officer now owns 4,532,954 shares in the company, valued at $31,186,723.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Genworth Financial

Several hedge funds and other institutional investors have recently bought and sold shares of GNW. Norges Bank acquired a new position in Genworth Financial during the fourth quarter worth about $23,292,000. Franklin Resources Inc. lifted its stake in shares of Genworth Financial by 14.8% during the 4th quarter. Franklin Resources Inc. now owns 339,259 shares of the financial services provider’s stock worth $2,266,000 after purchasing an additional 43,810 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Genworth Financial by 29.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,700 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 2,000 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Genworth Financial by 455.7% during the fourth quarter. TD Asset Management Inc now owns 193,400 shares of the financial services provider’s stock worth $1,292,000 after purchasing an additional 158,600 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its position in shares of Genworth Financial by 127,786.7% in the fourth quarter. TFO Wealth Partners LLC now owns 19,183 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 19,168 shares during the period. 81.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Genworth Financial Stock Performance

Shares of GNW stock opened at $6.79 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Genworth Financial has a 52-week low of $5.32 and a 52-week high of $7.01. The stock has a market capitalization of $2.97 billion, a PE ratio of 35.74 and a beta of 0.94. The stock’s 50-day moving average price is $6.70 and its 200 day moving average price is $6.40.

Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Genworth Financial had a net margin of 0.43% and a return on equity of 0.25%. The firm had revenue of $1.77 billion for the quarter. During the same period in the prior year, the firm posted $0.29 EPS.

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.