Genworth Financial Inc (NYSE:GNW) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 19,438,000 shares, a decrease of 11.8% from the June 15th total of 22,050,600 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 3,240,000 shares, the short-interest ratio is presently 6.0 days.

Shares of NYSE:GNW traded up $0.11 during midday trading on Tuesday, reaching $4.01. 38,086 shares of the company’s stock traded hands, compared to its average volume of 2,351,522. Genworth Financial has a 1 year low of $2.89 and a 1 year high of $5.02. The stock has a market cap of $1.96 billion, a P/E ratio of 11.14 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The company has a fifty day simple moving average of $3.66.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Genworth Financial had a net margin of 2.12% and a return on equity of 1.20%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the business earned $0.25 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Genworth Financial will post 0.97 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. LPL Financial LLC increased its position in Genworth Financial by 98.5% in the fourth quarter. LPL Financial LLC now owns 75,899 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 37,671 shares during the last quarter. United Services Automobile Association boosted its stake in Genworth Financial by 3.1% during the fourth quarter. United Services Automobile Association now owns 110,652 shares of the financial services provider’s stock worth $516,000 after buying an additional 3,311 shares during the period. Stifel Financial Corp purchased a new position in Genworth Financial during the fourth quarter worth $92,000. California State Teachers Retirement System boosted its stake in Genworth Financial by 1.4% during the fourth quarter. California State Teachers Retirement System now owns 850,208 shares of the financial services provider’s stock worth $3,962,000 after buying an additional 11,690 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Genworth Financial by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 5,324,141 shares of the financial services provider’s stock worth $24,810,000 after buying an additional 432,946 shares during the period. Hedge funds and other institutional investors own 65.99% of the company’s stock.

GNW has been the topic of several recent research reports. Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, BTIG Research reiterated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, July 2nd.

About Genworth Financial

Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.

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