The stock of Genworth Financial Inc. (NYSE:GNW) last traded at $5.75, up 1.05% from the previous session.
Data from the available sources indicates that Genworth Financial Inc. (NYSE:GNW) is covered by 2 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $6.00, we find $6.00. Given the previous closing price of $5.69, this indicates a potential upside of 5.45 percent. GNW stock price is now 5.77% away from the 50-day moving average and 8.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.78B.
In total, 2 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
In other news, McInerney Thomas J, President and CEO; Director sold 125,000 shares of the company’s stock on May 22. The stock was sold for $690,500 at an average price of $5.52. Upon completion of the transaction, the President and CEO; Director now directly owns 4,649,974 shares in the company, valued at $26.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, President & CEO, Enact Gupta Rohit sold 90,691 shares of the business’s stock. A total of $567,127 was realized by selling the stock at an average price of $6.25. This leaves the insider owning 258,579 shares of the company worth $1.49 million. Insiders disposed of 2,558,832 shares of company stock worth roughly $14.71 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 BRIDGEWATER ASSOCIATES, LP during the first quarter worth $3,502,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $3,489,000 in shares of GNW during the first quarter. In the first quarter, TREXQUANT INVESTMENT LP acquired a new stake in Genworth Financial Inc. valued at approximately $2,412,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in GNW for approximately $1,474,000. EJF CAPITAL LLC purchased a new stake in GNW valued at around $1,380,000 in the second quarter. In total, there are 432 active investors with 80.50% ownership of the company’s stock.
During the past 12 months, Genworth Financial Inc. has had a low of $3.44 and a high of $6.40. According to the stock market information, the enterprise value for the company is $2.60B, which is based on a 5.62 price-to-earnings ratio, a 1.12 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for GNW is $5.45 and a two-hundred day moving average price translates $5.29 for the stock.
The latest earnings results from Genworth Financial Inc. (NYSE: GNW) was released for Mar, 2023. According to the Insurance – Life Company, earnings per share came in at $0.12, missing analysts’ expectations of $0.2 by -0.08. This compares to $0.37 EPS in the same period last year. The net profit margin was 7.00% and return on equity was 5.80% for GNW. The company reported revenue of $1.85 billion for the quarter, compared to $1.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.06 percent. For the current quarter, analysts expect GNW to generate $1.88B 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. It 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.
