Genworth Financial Inc. (NYSE: GNW) is -8.47% lower on its value in year-to-date trading and has touched a low of $1.87 and a high of $4.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GNW stock was last observed hovering at around $3.38 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $2.50 for the next 12 months. It is also -38.4% off the consensus price target high of $2.50 offered by 3 analysts, but current levels are -38.4% lower than the price target low of $2.50 for the same period.
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Currently trading at $3.46, the stock is 1.24% and 2.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.89 million and changing 2.37% at the moment leaves the stock 3.92% off its SMA200. GNW registered -1.98% loss for a year compared to 6-month loss of 0.58%. The firm has a 50-day simple moving average (SMA 50) of $3.3362 and a 200-day simple moving average (SMA200) of $3.6730.
The stock witnessed a 4.85% gain in the last 1 month and extending the period to 3 months gives it a 24.01%, and is 4.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.31% over the week and 4.44% over the month.
Genworth Financial Inc. (GNW) has around 3000 employees, a market worth around $1.70B and $8.66B in sales. Current P/E ratio is 2.47 and Fwd P/E is 3.38. Profit margin for the company is 2.10%. Distance from 52-week low is 85.03% and -27.31% from its 52-week high. The company has generated returns on investments over the last 12 months (5.10%).
Genworth Financial Inc. (GNW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Genworth Financial Inc. (GNW) is a “Hold”. 3 analysts offering their recommendations for the stock have an average rating of 3.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Genworth Financial Inc. is expected to release its quarterly report on 08/03/2021 and quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $1.96B over the same period.The EPS is expected to grow by 59.20% this year, but quarterly earnings will post -9.70% year-over-year. Quarterly sales are estimated to grow 6.40% in year-over-year returns.
Genworth Financial Inc. (GNW) Top Institutional Holders
368 institutions hold shares in Genworth Financial Inc. (GNW), with 5.41M shares held by insiders accounting for 1.07% while institutional investors hold 70.48% of the company’s shares. The shares outstanding are 505.50M, and float is at 500.56M with Short Float at 3.73%. Institutions hold 69.72% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 56.63 million shares valued at $214.06 million. The investor’s holdings represent 11.18% of the GNW Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 45.23 million shares valued at $170.96 million to account for 8.93% of the shares outstanding. The other top investors are State Street Corporation which holds 17.09 million shares representing 3.37% and valued at over $64.61 million, while FMR, LLC holds 2.78% of the shares totaling 14.11 million with a market value of $53.33 million.
Genworth Financial Inc. (GNW) Insider Activity
A total of 2 insider transactions have happened at Genworth Financial Inc. (GNW) in the last six months, with sales accounting for 1 and purchases happening 1 times.
Genworth Financial Inc. (GNW): Who are the competitors?
The company’s main competitors (and peers) include Independence Holding Company (IHC) that is trading 61.58% up over the past 12 months and Prudential Financial Inc. (PRU) that is 78.58% higher over the same period. Atlantic American Corporation (AAME) is 74.56% up on the 1-year trading charts. Short interest in the company’s stock has fallen -55.93% from the last report on Mar 14, 2021 to stand at a total of 18.68 million short shares sold with a short interest ratio of 2.3.