Genworth Financial Inc. (GNW) Short Interest Down 19.0% in November
Genworth Financial Inc. (NYSE:GNW) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 18,030,052 shares, a decrease of 19.0% from the October 31st total of 22,254,127 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average trading volume of 10,533,307 shares, the days-to-cover ratio is presently 1.7 days.
Genworth Financial (NYSE:GNW) opened at 4.28 on Thursday. The firm’s market capitalization is $2.13 billion. The stock’s 50 day moving average price is $4.48 and its 200 day moving average price is $3.94. Genworth Financial has a 52-week low of $1.57 and a 52-week high of $5.27.
Several equities research analysts have issued reports on GNW shares. Wells Fargo & Co. started coverage on Genworth Financial in a report on Friday, September 23rd. They issued a “market perform” rating for the company. BTIG Research set a $5.00 price target on Genworth Financial and gave the stock a “hold” rating in a report on Monday, October 24th. Compass Point downgraded Genworth Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 19th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $3.50 price target on shares of Genworth Financial in a report on Monday, September 5th. Finally, Zacks Investment Research downgraded Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.42.
Several large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its stake in Genworth Financial by 5.6% in the third quarter. LPL Financial LLC now owns 45,971 shares of the company’s stock valued at $233,000 after buying an additional 2,450 shares during the period. Credit Suisse AG increased its stake in Genworth Financial by 16.2% in the third quarter. Credit Suisse AG now owns 962,104 shares of the company’s stock valued at $4,772,000 after buying an additional 133,953 shares during the period. Ameritas Investment Partners Inc. increased its stake in Genworth Financial by 65.7% in the third quarter. Ameritas Investment Partners Inc. now owns 195,566 shares of the company’s stock valued at $970,000 after buying an additional 77,522 shares during the period. Gerstein Fisher purchased a new stake in Genworth Financial during the third quarter valued at $119,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Genworth Financial by 20.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,051,875 shares of the company’s stock valued at $5,217,000 after buying an additional 181,850 shares during the period. 75.16% of the stock is currently owned by institutional investors.
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Genworth Financial Company Profile
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.
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