Genworth Financial, Inc. (NYSE:GNW) Short Interest Down 15.0% in February

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Genworth Financial by 75.8% during the 1st quarter. Royal Bank of Canada now owns 118,058 shares of the financial services provider’s stock worth $837,000 after buying an additional 50,911 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Genworth Financial by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 252,152 shares of the financial services provider’s stock valued at $1,788,000 after purchasing an additional 7,106 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Genworth Financial by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,184,144 shares of the financial services provider’s stock valued at $8,396,000 after acquiring an additional 55,071 shares in the last quarter. Strs Ohio purchased a new position in Genworth Financial in the first quarter worth $82,000. Finally, Vise Technologies Inc. purchased a new position in shares of Genworth Financial in the 2nd quarter worth about $109,000. 81.85% of the stock is owned by institutional investors.

Genworth Financial Trading Up 1.3%

NYSE:GNW traded up $0.11 on Wednesday, reaching $8.56. 2,438,570 shares of the stock traded hands, compared to its average volume of 3,819,739. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15. Genworth Financial has a 1-year low of $5.99 and a 1-year high of $9.28. The company’s 50 day moving average is $8.70 and its 200-day moving average is $8.69. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 16.15 and a beta of 1.00.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data 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). Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%. The firm had revenue of $1.04 billion during the quarter.

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.