Genworth Financial Inc (NYSE: GNW) is -8.73% lower on its value in year-to-date trading and has touched a low of $5.80 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 $6.66 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $6.38, the stock is -6.21% and -6.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.49 million and changing -4.20% at the moment leaves the stock -7.46% off its SMA200. GNW registered 10.19% gain for a year compared to 6-month loss of -11.51%. The firm has a 50-day simple moving average (SMA 50) of $6.8276 and a 200-day simple moving average (SMA200) of $6.894.
The stock witnessed a -9.38% gain in the last 1 month and extending the period to 3 months gives it a -8.86%, and is -2.45% 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 3.25% over the week and 4.33% over the month.
Genworth Financial Inc (GNW) has around 2960 employees, a market worth around $2.65B and $7.16B in sales. Current P/E ratio is 9.47 and Fwd P/E is 11.60. Profit margin for the company is 4.18%. Distance from 52-week low is 10.00% and -19.24% 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 92.64% of the company’s shares. The shares outstanding are 421.42M, and float is at 406.78M with Short Float at 1.77%. Institutions hold 90.85% 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 11.5219 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).
