Genworth Financial Inc (NYSE: GNW) is 1.43% 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 $7.07 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $7.09, the stock is 3.86% and 1.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.63 million and changing 0.28% at the moment leaves the stock 3.48% off its SMA200. GNW registered 10.78% gain for a year compared to 6-month gain of 4.73%. The firm has a 50-day simple moving average (SMA 50) of $6.9782 and a 200-day simple moving average (SMA200) of $6.85185.
The stock witnessed a 2.01% loss in the last 1 month and extending the period to 3 months gives it a -0.14%, and is -1.39% 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 2.61% over the week and 2.74% over the month.
Genworth Financial Inc (GNW) has around 2960 employees, a market worth around $2.95B and $7.16B in sales. Current P/E ratio is 10.52 and Fwd P/E is 12.89. Profit margin for the company is 4.18%. Distance from 52-week low is 25.04% and -10.25% from its 52-week high. The company has generated returns on investments over the last 12 months (2.98%).
The EPS is expected to grow by 33.06% this year.
Genworth Financial Inc (GNW) Top Institutional Holders
447.0 institutions hold shares in Genworth Financial Inc (GNW), with institutional investors hold 92.58% of the company’s shares. The shares outstanding are 421.42M, and float is at 406.78M with Short Float at 1.79%. Institutions hold 90.78% 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 14.4184% 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 5.5256 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).
