Genworth Financial, Inc. (NYSE:GNW) Sees Significant Growth in Short Interest

Genworth Financial, Inc. (NYSE:GNW) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 9,340,000 shares, an increase of 30.1% from the March 31st total of 7,180,000 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 5,830,000 shares, the short-interest ratio is presently 1.6 days.

Genworth Financial Trading Up 2.8 %

Shares of GNW stock opened at $6.98 on Friday. The company has a market cap of $2.90 billion, a PE ratio of 10.26 and a beta of 0.95. Genworth Financial has a 1 year low of $5.87 and a 1 year high of $7.90. The stock’s 50 day simple moving average is $6.75 and its two-hundred day simple moving average is $7.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Genworth Financial had a net margin of 4.10% and a return on equity of 2.96%. The firm had revenue of $1.76 billion for the quarter.

Institutional Trading of Genworth Financial

A number of large investors have recently made changes to their positions in GNW. Barclays PLC increased its holdings in Genworth Financial by 291.2% during the 3rd quarter. Barclays PLC now owns 744,853 shares of the financial services provider’s stock worth $5,103,000 after purchasing an additional 554,462 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Genworth Financial by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,947,016 shares of the financial services provider’s stock valued at $13,337,000 after purchasing an additional 450,329 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Genworth Financial by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 10,838 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,591 shares in the last quarter. Blue Trust Inc. increased its holdings in Genworth Financial by 28.5% during the fourth quarter. Blue Trust Inc. now owns 24,438 shares of the financial services provider’s stock valued at $167,000 after buying an additional 5,420 shares during the period. Finally, KBC Group NV lifted its holdings in Genworth Financial by 85.3% during the fourth quarter. KBC Group NV now owns 22,107 shares of the financial services provider’s stock worth $155,000 after buying an additional 10,174 shares during the period. 81.85% of the stock is 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.