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

Genworth Financial, Inc. (NYSE:GNW) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 7,680,151 shares, an increase of 22.4% from the December 31st total of 6,276,623 shares. Based on an average daily volume of 4,435,598 shares, the short-interest ratio is presently 1.7 days. Approximately 2.0% of the shares of the company are sold short. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 4,435,598 shares, the short-interest ratio is presently 1.7 days.

Genworth Financial Price Performance

Genworth Financial stock traded up $0.41 on Wednesday, reaching $8.91. The company’s stock had a trading volume of 1,896,088 shares, compared to its average volume of 3,969,093. Genworth Financial has a twelve month low of $5.99 and a twelve month high of $9.28. The business’s fifty day moving average price is $8.73 and its 200 day moving average price is $8.58. 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 company has a market cap of $3.56 billion, a price-to-earnings ratio of 16.78 and a beta of 1.01.

Genworth Financial (NYSE:GNW) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Genworth Financial had a net margin of 3.01% and a return on equity of 1.56%. The company had revenue of $1.04 billion for the quarter.

Institutional Investors Weigh In On Genworth Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC grew its position in shares of Genworth Financial by 1,731.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,279 shares of the financial services provider’s stock worth $29,000 after buying an additional 3,100 shares during the period. Bessemer Group Inc. increased its stake in Genworth Financial by 60.6% in the third quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,445 shares in the last quarter. Larson Financial Group LLC raised its holdings in Genworth Financial by 12,597.7% in the third quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 5,543 shares during the period. Headlands Technologies LLC acquired a new position in shares of Genworth Financial in the 2nd quarter valued at $44,000. Finally, Danske Bank A S bought a new stake in shares of Genworth Financial in the 3rd quarter valued at $60,000. Institutional investors own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings lowered Genworth Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Keefe, Bruyette & Woods upped their target price on Genworth Financial from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.00.

About Genworth Financial

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.