Genworth Financial Inc. (NYSE:GNW) shares traded -1.36% lower at $5.79 on Wall Street last session.
In accordance with the data, 2 analysts cover 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 $6.00 and a low of $6.00, we find $6.00. Given the previous closing price of $5.87, this indicates a potential upside of 2.21 percent. GNW stock price is now 0.42% away from the 50-day moving average and 4.88% away from the 200-day moving average. The market capitalization of the company currently stands at $2.72B.
It has been rated a hold by 2 analysts and a buy by 0. 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 200,000 shares of the company’s stock on Aug 11. The stock was sold for $1,201,200 at an average price of $6.01. Upon completion of the transaction, the President and CEO; Director now directly owns 3,470,010 shares in the company, valued at $20.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, President and CEO; Director McInerney Thomas J sold 125,000 shares of the business’s stock. A total of $690,500 was realized by selling the stock at an average price of $5.52. This leaves the insider owning 4,649,974 shares of the company worth $26.92 million. Insiders disposed of 2,658,832 shares of company stock worth roughly $15.39 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 GTS SECURITIES LLC during the first quarter worth $569,000. JUMP FINANCIAL, LLC invested $557,000 in shares of GNW during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in Genworth Financial Inc. valued at approximately $338,000. PROSPERA FINANCIAL SERVICES INC acquired a new stake in GNW for approximately $302,000. CRESSET ASSET MANAGEMENT, LLC purchased a new stake in GNW valued at around $244,000 in the second quarter.
Genworth Financial Inc. (NYSE: GNW) opened at $5.82 on Friday. 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 $2.11B, which is based on a 5.36 price-to-earnings ratio, a 1.07 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for GNW is $5.77 and a two-hundred day moving average price translates $5.53 for the stock.
The latest earnings results from Genworth Financial Inc. (NYSE: GNW) was released for Jun, 2023. According to the Insurance – Life Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.17 by 0.12. This compares to $0.31 EPS in the same period last year. The net profit margin was 7.30% and return on equity was 6.80% for GNW. The company reported revenue of $1.89 billion for the quarter, compared to $1.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.26 percent. For the current quarter, analysts expect GNW to generate $1.96B 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.
