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Genworth Financial Inc. (GNW) – Don’t Believe the Hype: Check The Facts

Genworth Financial Inc. (NYSE: GNW) is 3.59% higher on its value in year-to-date trading and has touched a low of $3.43 and a high of $6.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GNW stock was last observed hovering at around $5.50 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $5.50 for the next 12 months. It is also 0.36% off the consensus price target high of $5.50 offered by 2 analysts, but current levels are 0.36% higher than the price target low of $5.50 for the same period.

Currently trading at $5.48, the stock is 1.17% and 1.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing -0.36% at the moment leaves the stock 9.63% off its SMA200. GNW registered 39.09% gain for a year compared to 6-month gain of 15.86%. The firm has a 50-day simple moving average (SMA 50) of $0.30.

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The stock witnessed a -4.86% loss in the last 1 month and extending the period to 3 months gives it a -11.18%, and is -0.90% down 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 3.44% over the week and 4.41% over the month.

Genworth Financial Inc. (GNW) has around 2500 employees, a market worth around $2.65B and $7.47B in sales. Current P/E ratio is 5.35 and Fwd P/E is 5.81. Profit margin for the company is 7.00%. Distance from 52-week low is 59.77% and -14.38% from its 52-week high. The company has generated returns on investments over the last 12 months (9.10%).

Genworth Financial Inc. (GNW) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Genworth Financial Inc. (GNW) is a “Hold”. 2 analysts offering their recommendations for the stock have an average rating of 3.00, where 2 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 08/01/2023.The EPS is expected to shrink by -30.70% this year

Genworth Financial Inc. (GNW) Top Institutional Holders

The shares outstanding are 492.30M, and float is at 470.59M with Short Float at 2.79%.

Genworth Financial Inc. (GNW) Insider Activity

A total of 45 insider transactions have happened at Genworth Financial Inc. (GNW) in the last six months, with sales accounting for 24 and purchases happening 21 times. The most recent transaction is an insider sale by McInerney Thomas J, the company’s President and CEO; Director. SEC filings show that McInerney Thomas J sold 125,000 shares of the company’s common stock on May 22 at a price of $5.52 per share for a total of $0.69 million. Following the sale, the insider now owns 4.65 million shares.

Genworth Financial Inc. disclosed in a document filed with the SEC on Feb 17 that Gupta Rohit (President & CEO, Enact) sold a total of 90,691 shares of the company’s common stock. The trade occurred on Feb 17 and was made at $6.25 per share for $0.57 million. Following the transaction, the insider now directly holds 0.26 million shares of the GNW stock.

Still, SEC filings show that on Feb 14, Sheehan Daniel J IV (EVP, CFO & CIO) disposed off 350,000 shares at an average price of $6.25 for $2.19 million. The insider now directly holds 782,023 shares of Genworth Financial Inc. (GNW).

Genworth Financial Inc. (GNW): Who are the competitors?

The company’s main competitors (and peers) include Prudential Financial Inc. (PRU) that is trading -21.58% down over the past 12 months and Atlantic American Corporation (AAME) that is -22.47% lower over the same period. Lincoln National Corporation (LNC) is -60.89% down on the 1-year trading charts.

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