The price of Genworth Financial Inc. (NYSE:GNW) shares last traded on Wall Street rose 0.81% to $5.00.
Based on available information, 2 analysts follow Genworth Financial Inc. (NYSE:GNW). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $4.96, this indicates a potential upside of 0.81 percent. GNW stock price is now 12.79% away from the 50-day moving average and 23.20% away from the 200-day moving average. The market capitalization of the company currently stands at $2.44B.
Among analysts, 2 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.
On May 05, 2016, Compass Point reiterated its ‘Buy’ rating on the stock by increasing its target price from $5.50 to quote $5.25, while ‘Goldman’ rates the stock as ‘Neutral’.
In other news, McInerney Thomas J, President and CEO; Director sold 200,000 shares of the company’s stock on Nov 04. The stock was sold for $915,400 at an average price of $4.58. Upon completion of the transaction, the President and CEO; Director now directly owns 3,639,625 shares in the company, valued at $18.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, President and CEO; Director McInerney Thomas J sold 100,000 shares of the business’s stock. A total of $425,400 was realized by selling the stock at an average price of $4.25. This leaves the insider owning 3,839,625 shares of the company worth $19.2 million. Insiders disposed of 2,010,887 shares of company stock worth roughly $10.05 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GNW stock. A new stake in Genworth Financial Inc. shares was purchased by CANDRIAM S.C.A. during the first quarter worth $14,410,000. WHITEFORT CAPITAL MANAGEMENT, LP invested $12,348,000 in shares of GNW during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in Genworth Financial Inc. valued at approximately $3,925,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in GNW for approximately $3,242,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in GNW valued at around $1,493,000 in the second quarter. In total, there are 392 active investors with 80.50% ownership of the company’s stock.
A candlestick chart of Genworth Financial Inc. (NYSE: GNW) showed a price of $4.9500 on Tuesday morning. During the past 12 months, Genworth Financial Inc. has had a low of $3.43 and a high of $5.14. The fifty day moving average price for GNW is $4.4332 and a two-hundred day moving average price translates $4.0584 for the stock.
The latest earnings results from Genworth Financial Inc. (NYSE: GNW) was released for Jun, 2022. According to the Insurance – Life Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.28 by 0.08. This compares to $0.61 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 4.70% for GNW. The company reported revenue of $1.84 billion for the quarter, compared to $2.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.16 percent. For the current quarter, analysts expect GNW to generate $1.93B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/27/2008. Investors who held shares on 10/10/2008 were paid a $0.10 dividend.
Genworth Financial Inc.(GNW) Company Profile
Genworth Financial, Inc. provides insurance products in the United States and internationally. The company operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products. The U.S. Life Insurance segment offers long-term care insurance products; and service traditional life insurance and fixed annuity products in the United States. The Runoff segment includes variable annuity, variable life insurance, and corporate-owned life insurance, as well as funding agreements. It distributes its products through sales force, in-house sales representatives, and digital marketing programs. The company was founded in 1871 and is headquartered in Richmond, Virginia.