Genworth Financial Inc (NYSE: GNW) is -12.02% 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 $6.50 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $6.15, the stock is -10.73% and -11.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.57 million and changing -5.38% at the moment leaves the stock -10.53% off its SMA200. GNW registered -3.00% loss for a year compared to 6-month loss of -8.48%. The firm has a 50-day simple moving average (SMA 50) of $6.9666 and a 200-day simple moving average (SMA200) of $6.87375.
The stock witnessed a -7.66% gain in the last 1 month and extending the period to 3 months gives it a -12.64%, and is -13.26% 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 5.42% over the week and 3.44% over the month.
Genworth Financial Inc (GNW) has around 2960 employees, a market worth around $2.56B and $7.16B in sales. Current P/E ratio is 9.13 and Fwd P/E is 11.18. Profit margin for the company is 4.18%. Distance from 52-week low is 8.47% and -22.15% 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
448.0 institutions hold shares in Genworth Financial Inc (GNW), with institutional investors hold 92.46% 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 90.67% 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).
