Genworth Financial Inc (NYSE: GNW) is -1.29% lower on its value in year-to-date trading and has touched a low of $5.87 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 $6.96 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $6.90, the stock is 3.90% and 2.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.18 million and changing -0.86% at the moment leaves the stock -0.38% off its SMA200. GNW registered 13.67% gain for a year compared to 6-month gain of 0.73%.
The stock witnessed a -2.95% loss in the last 1 month and extending the period to 3 months gives it a -4.70%, and is 1.47% 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 3.37% over the week and 4.38% over the month.
Genworth Financial Inc (GNW) has around 2960 employees, a market worth around $2.86B and $7.02B in sales. Current P/E ratio is 14.00 and Fwd P/E is 12.55. Profit margin for the company is 3.05%. Distance from 52-week low is 17.55% and -12.66% from its 52-week high. The company has generated returns on investments over the last 12 months (2.09%).
The EPS is expected to grow by 33.06% this year.
Genworth Financial Inc (GNW) Top Institutional Holders
The shares outstanding are 415.88M, and float is at 406.78M with Short Float at 2.30%.
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 11.5219 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).
