Short Interest in Genworth Financial, Inc. (NYSE:GNW) Grows By 10.8%

Genworth Financial, Inc. (NYSE:GNW) was the recipient of a significant increase in short interest during the month of February. As of February 29th, there was short interest totalling 8,430,000 shares, an increase of 10.8% from the February 14th total of 7,610,000 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 2,900,000 shares, the days-to-cover ratio is presently 2.9 days.

Genworth Financial Stock Down 1.2 %

Genworth Financial stock opened at $6.23 on Tuesday. The stock has a market capitalization of $2.76 billion, a PE ratio of -622,500.00 and a beta of 1.06. Genworth Financial has a 12 month low of $4.51 and a 12 month high of $6.93. The business has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $6.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.30 and a quick ratio of 0.30.

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

Institutional Trading of Genworth Financial

Several large investors have recently made changes to their positions in GNW. Norges Bank purchased a new stake in shares of Genworth Financial during the fourth quarter worth approximately $26,170,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Genworth Financial in the 4th quarter valued at $22,482,000. Donald Smith & CO. Inc. grew its holdings in Genworth Financial by 18.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 21,175,252 shares of the financial services provider’s stock valued at $141,451,000 after buying an additional 3,283,110 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Genworth Financial by 25.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,752,890 shares of the financial services provider’s stock valued at $48,206,000 after buying an additional 2,590,196 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Genworth Financial by 54.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,686,816 shares of the financial services provider’s stock valued at $28,548,000 after buying an additional 1,996,297 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.