Technical Outlook And Game Plan For Genworth Financial Inc. (NYSE: GNW)


SSgA Funds Management, Inc. has recently announced that it has increased stake in Genworth Financial Inc. (NYSE:GNW) by 6.06%. After grabbing 19.6 million shares, the institutional investor is now in possession of 1.12 million shares of the Financial Company. The new investment brought the stake of investor firm to 3.88% having worth around $39.98 million. Moreover, Grantham, Mayo, Van Otterloo & Co.. increased its share by 4.96 million to have a control over 9.5 million shares. And Shah Capital Management, Inc. raised its holdings to 1.83 million shares by acquiring 8.48 million shares or 1.68% of the stake.

Genworth Financial Inc. (GNW) concluded trading on 08/26/20 at a closing price of $2.56, with 2.61 million shares of worth about $6.69 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -6.23% during that period and on Wednesday the price saw a loss of about -1.16%. Currently the company’s common shares owned by public are about 505.40M shares, out of which, 499.56M shares are available for trading.

Analysts also issued an outlook of 3.00 for the Genworth Financial Inc. stock for next 12 months.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 2,864,840 shares in 16 of the transactions. In 16 selling transactions, insiders dumped 1,126,544 shares.

Vanguard Total Stock Market Index, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Genworth Financial Inc. Vanguard Total Stock Market Index is currently holding 14.35 million shares of worth totaling $29.27 million. The company recently came selling 10661.0 shares which brought its stake up to 2.84% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF sold 25677.0 shares, after which its hold over company’s outstanding shares shrunk to 2.66%, leaving 13.42 million shares with the mutual fund that have a worth of about $27.37 million. Vanguard Small Cap Index Fund, after selling 12.55 million shares, have now control over 2.48% of the stake in the company. It holds 74419.0 shares of worth $25.6 million.

Genworth Financial Inc. (NYSE: GNW) started trading at $2.58, below -$0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.56, or with a loss of -1.16%. Stock saw a price change of -6.23% in past 5 days and over the past one month there was a price change of 9.87%. Year-to-date (YTD), GNW shares are showing a performance of -41.82% which decreased to -42.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.87 but also hit the highest price of $4.93 during that period. While comparing its average daily trading volume of 5.11 million shares, we see that about 2.61 million changed hands on the day. The stock is currently trading 6.38% above its 20-day simple moving average (SMA20), while that difference is up 8.03% for SMA50 and it goes to -26.39% lower than SMA200.

SSgA Funds Management, Inc. acquired 19.6 million shares of Genworth Financial Inc. having value of about $39.98 million. Data submitted at the U.S SEC by SSgA Funds Management, Inc. revealed that the firm now holds 1.12 million shares in the company valued at close to $2868160.0, or have control over 6.06% stake in the company. Genworth Financial Inc. (NYSE: GNW) currently have 505.40M outstanding shares and institutions hold larger chunk of about 60.90% of that. Holding of mutual funds in the company is about 35.63% while other institutional holders and individual stake holders have control over 36.56% and 1.51% of the stake respectively.

The stock has a current market capitalization of $1.60B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 7.38, while it has posted earnings per share of $0.35 in the same period. Its PEG reads 1.48 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GNW, volatility over the week remained 4.85% while standing at 6.91% over the month.

Analysts are in expectations that Genworth Financial Inc. (GNW) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter ESPS is $0.04 and it is $0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -71.60% while it is estimated to increase by 115.80% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 18.30% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on September 23, 2016 offering a Market perform rating for the stock and assigned a target price of to it. Coverage by Compass Point stated Genworth Financial Inc. (GNW) stock as a Buy in their note to investors on May 05, 2016, suggesting a price target of $5.25 for the stock. On February 08, 2016, Compass Point Reiterated their recommendations, while on November 17, 2015, Goldman Initiated their ratings for the stock with a price target of $5. Stock get a Sell rating from UBS on November 04, 2015.


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