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Genworth Financial Inc (GNW) Stock Could Soon Reward Patient Investors

Genworth Financial Inc (NYSE: GNW) is 1.95% higher on its value in year-to-date trading and has touched a low of $5.32 and a high of $6.93 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 $6.74 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $6.81, the stock is 7.40% and 8.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing 1.04% at the moment leaves the stock 9.64% off its SMA200. GNW registered 19.47% gain for a year compared to 6-month loss of 8.79%.

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The stock witnessed a 12.75% gain in the last 1 month and extending the period to 3 months gives it a 11.82%, and is 1.34% 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 2.35% over the week and 2.01% over the month.

Genworth Financial Inc (GNW) has around 2700 employees, a market worth around $2.97B and $6.96B in sales. Current P/E ratio is 36.67 and Fwd P/E is 10.48. Profit margin for the company is 1.34%. Distance from 52-week low is 27.89% and -1.73% from its 52-week high. The company has generated returns on investments over the last 12 months (0.97%).

The EPS is expected to grow by 511.11% this year.

Genworth Financial Inc (GNW) Top Institutional Holders

The shares outstanding are 446.82M, and float is at 426.79M with Short Float at 1.19%.

Genworth Financial Inc (GNW) Insider Activity

The most recent transaction is an insider sale by McInerney Thomas J,the company’sPresident and CEO; Director. SEC filings show that McInerney Thomas J sold 200,000 shares of the company’s common stock on May 24 ’24 at a price of $6.27 per share for a total of $1.25 million. Following the sale, the insider now owns 4.36 million shares.

Genworth Financial Inc disclosed in a document filed with the SEC on Dec 04 ’23 that McInerney Thomas J (President and CEO; Director) sold a total of 200,000 shares of the company’s common stock. The trade occurred on Dec 04 ’23 and was made at $6.18 per share for $1.24 million. Following the transaction, the insider now directly holds 3.27 million shares of the GNW stock.

Still, SEC filings show that on Aug 11 ’23, McInerney Thomas J (President and CEO; Director) disposed off 200,000 shares at an average price of $6.01 for $1.2 million. The insider now directly holds 3,470,010 shares of Genworth Financial Inc (GNW).

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