Genworth Financial Inc (NYSE: GNW) is -3.58% lower 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 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 $6.61 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $6.74, the stock is -3.71% and -6.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 1.97% at the moment leaves the stock 1.10% off its SMA200. GNW registered 7.50% gain for a year compared to 6-month gain of 7.15%. The firm has a 50-day simple moving average (SMA 50) of $7.2188 and a 200-day simple moving average (SMA200) of $6.66525.
The stock witnessed a -9.41% loss in the last 1 month and extending the period to 3 months gives it a -6.00%, and is -2.46% 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 2.65% over the week and 2.34% over the month.
Genworth Financial Inc (GNW) has around 2700 employees, a market worth around $2.88B and $6.94B in sales. Current P/E ratio is 32.97 and Fwd P/E is 7.62. Profit margin for the company is 1.27%. Distance from 52-week low is 18.87% and -14.68% 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 816.67% this year.
Genworth Financial Inc (GNW) Top Institutional Holders
434.0 institutions hold shares in Genworth Financial Inc (GNW), with institutional investors hold 89.09% of the company’s shares. The shares outstanding are 428.43M, and float is at 418.49M with Short Float at 1.82%. Institutions hold 87.40% 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).
