Genworth Financial Inc (NYSE: GNW) is 5.24% higher on its value in year-to-date trading and has touched a low of $5.67 and a high of $7.90 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 $6.96 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $7.03, the stock is -6.35% and -2.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.98 million and changing 1.01% at the moment leaves the stock 6.10% off its SMA200. GNW registered 5.87% gain for a year compared to 6-month gain of 15.06%. The firm has a 50-day simple moving average (SMA 50) of $7.2436 and a 200-day simple moving average (SMA200) of $6.62575.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -6.14% loss in the last 1 month and extending the period to 3 months gives it a 2.63%, and is -6.64% 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 3.26% over the week and 2.12% over the month.
Genworth Financial Inc (GNW) has around 2700 employees, a market worth around $3.03B and $6.94B in sales. Current P/E ratio is 34.39 and Fwd P/E is 7.81. Profit margin for the company is 1.27%. Distance from 52-week low is 23.99% and -11.01% from its 52-week high. The company has generated returns on investments over the last 12 months (0.89%).
The EPS is expected to grow by 827.78% this year.
Genworth Financial Inc (GNW) Top Institutional Holders
438.0 institutions hold shares in Genworth Financial Inc (GNW), with institutional investors hold 89.07% of the company’s shares. The shares outstanding are 428.43M, and float is at 418.49M with Short Float at 1.74%. Institutions hold 87.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 62.92 million shares valued at $380.05 million. The investor’s holdings represent 14.2036% of the GNW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 50.28 million shares valued at $303.7 million to account for 11.3503 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 30.49 million shares representing 6.8837% and valued at over $184.19 million, while DONALD SMITH & CO., INC. holds 5.4433 of the shares totaling 24.11 million with a market value of $145.65 million.
Genworth Financial Inc (GNW) Insider Activity
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 150,000 shares of the company’s common stock on Aug 26 ’24 at a price of $6.88 per share for a total of $1.03 million. Following the sale, the insider now owns 4.53 million shares.
Still, SEC filings show that on May 24 ’24, McInerney Thomas J (President and CEO; Director) disposed off 200,000 shares at an average price of $6.27 for $1.25 million. The insider now directly holds 4,361,980 shares of Genworth Financial Inc (GNW).
