The time has not yet come to remove your chips from the table: Genworth Financial Inc. (GNW)

Genworth Financial Inc. (NYSE: GNW) stock jumped 3.28% on Thursday to $5.66 against a previous-day closing price of $5.48. With 3.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.14 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $5.66 whereas the lowest price it dropped to was $5.44. The 52-week range on GNW shows that it touched its highest point at $6.40 and its lowest point at $3.43 during that stretch. It currently has a 1-year price target of $5.50. Beta for the stock currently stands at 1.02.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GNW was down-trending over the past week, with a drop of -0.70%, but this was up by 2.91% over a month. Three-month performance dropped to -9.58% while six-month performance rose 18.66%. The stock gained 43.65% in the past year, while it has gained 6.99% so far this year. A look at the trailing 12-month EPS for GNW yields 1.02 with Next year EPS estimates of 0.94. For the next quarter, that number is 0.24. This implies an EPS growth rate of -30.70% for this year and 5.47% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.60%.

Float and Shares Shorts:

At present, 492.30 million GNW shares are outstanding with a float of 470.59 million shares on hand for trading. On May 14, 2023, short shares totaled 14.85 million, which was 3.11% higher than short shares on Apr 13, 2023. In addition to Mr. Thomas Joseph McInerney as the firm’s Pres, CEO & Director, Mr. Gregory Scott Karawan serves as its Exec. VP & Gen. Counsel.

Institutional Ownership:

Through their ownership of 82.76% of GNW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.28% of GNW, in contrast to 29.81% held by mutual funds. Shares owned by individuals account for 2.35%. As the largest shareholder in GNW with 13.66% of the stake, BlackRock Fund Advisors holds 67,386,175 shares worth 67,386,175. A second-largest stockholder of GNW, The Vanguard Group, Inc., holds 56,991,261 shares, controlling over 11.55% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in GNW, holding 28,545,456 shares or 5.79% stake. With a 6.29% stake in GNW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 31,035,879 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.12% of GNW stock, is the second-largest Mutual Fund holder. It holds 15,371,334 shares valued at 89.31 million. Vanguard Small Cap Index Fund holds 2.63% of the stake in GNW, owning 12,961,515 shares worth 75.31 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GNW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GNW analysts setting a high price target of $5.50 and a low target of $5.50, the average target price over the next 12 months is $5.50. Based on these targets, GNW could drop -2.83% to reach the target high and fall by -2.83% to reach the target low. Reaching the average price target will result in a decline of -2.83% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded GNW stock several times over the past three months with 14 Buys and 14 Sells. In these transactions, 3,023,661 shares were bought while 1,352,871 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 3,307,610 while 2,433,832 shares were sold.

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