Short Interest in Genworth Financial, Inc. (NYSE:GNW) Rises By 6.5%

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 6,590,000 shares, an increase of 6.5% from the March 31st total of 6,190,000 shares. Approximately 1.5% of the company's shares are sold short. Based on an average daily trading volume, of 2,870,000 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Genworth Financial from $6.50 to $7.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th.

Hedge Funds Weigh In On Genworth Financial

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Genworth Financial by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,294,780 shares of the financial services provider's stock worth $202,371,000 after purchasing an additional 534,650 shares in the last quarter. Donald Smith & CO. Inc. raised its stake 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 purchasing an additional 3,283,110 shares during the last quarter. LSV Asset Management raised its stake in Genworth Financial by 15.9% in the 4th quarter. LSV Asset Management now owns 5,821,232 shares of the financial services provider's stock valued at $38,886,000 after purchasing an additional 797,278 shares during the last quarter. Invesco Ltd. raised its stake in Genworth Financial by 7.2% in the 3rd quarter. Invesco Ltd. now owns 5,234,864 shares of the financial services provider's stock valued at $30,676,000 after purchasing an additional 350,729 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Genworth Financial by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 5,209,312 shares of the financial services provider's stock valued at $30,527,000 after purchasing an additional 481,059 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Stock Up 6.4 %

Genworth Financial stock traded up $0.39 during trading on Thursday, reaching $6.46. The stock had a trading volume of 5,041,051 shares, compared to its average volume of 2,809,895. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.19. Genworth Financial has a 52-week low of $4.51 and a 52-week high of $6.93. The business has a 50 day moving average price of $6.17 and a 200 day moving average price of $6.18. The stock has a market cap of $2.84 billion, a PE ratio of -651,000.00 and a beta of 1.08.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.19 EPS for the quarter. The business had revenue of $1.86 billion for the quarter. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%.

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.