A History of Outperforming Analyst Forecasts and Beating the Odds: Genworth Financial Inc. (GNW)

Genworth Financial Inc. (NYSE: GNW) stock jumped 0.51% on Thursday to $5.87 against a previous-day closing price of $5.84. With 2.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.81 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $5.96 whereas the lowest price it dropped to was $5.85. The 52-week range on GNW shows that it touched its highest point at $6.40 and its lowest point at $3.44 during that stretch. It currently has a 1-year price target of $6.00. Beta for the stock currently stands at 1.00.

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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 up-trending over the past week, with a rise of 5.77%, but this was up by 0.69% over a month. Three-month performance surged to 12.02% while six-month performance rose 17.17%. The stock gained 46.75% in the past year, while it has gained 10.96% so far this year. A look at the trailing 12-month EPS for GNW yields 1.08 with Next year EPS estimates of 0.82. For the next quarter, that number is 0.17. This implies an EPS growth rate of -30.70% for this year and -2.26% 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, 473.20 million GNW shares are outstanding with a float of 455.73 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.03 million, which was 1.73% higher than short shares on Jul 30, 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 82.96% of GNW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.38% of GNW, in contrast to 27.01% held by mutual funds. Shares owned by individuals account for 2.47%. As the largest shareholder in GNW with 13.52% of the stake, BlackRock Fund Advisors holds 64,601,448 shares worth 64,601,448. A second-largest stockholder of GNW, The Vanguard Group, Inc., holds 53,972,466 shares, controlling over 11.29% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in GNW, holding 29,074,655 shares or 6.08% stake. With a 6.37% stake in GNW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 30,440,983 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.03% of GNW stock, is the second-largest Mutual Fund holder. It holds 14,471,233 shares valued at 84.8 million. Vanguard Small Cap Index Fund holds 2.60% of the stake in GNW, owning 12,400,602 shares worth 72.67 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 $6.00 and a low target of $6.00, the average target price over the next 12 months is $6.00. Based on these targets, GNW could surge 2.21% to reach the target high and rise by 2.21% to reach the target low. Reaching the average price target will result in a growth of 2.21% 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 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 3,570,766 while 2,458,832 shares were sold.

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