Dimensional Fund Advisors LP recently announced the acquisition of new stake in Genworth Financial Inc (NYSE:GNW). The institutional investor has increased its shareholding in the Financial company by 2.36% to 29.76 million shares with purchase of 0.69 million shares. This fresh investment now brings its stake to 6.60% valued currently at $175.29 million. In addition, Donald Smith & Co., Inc. raised its holdings by 0.71 million to 17.89 million shares. And Geode Capital Management LLC has lifted its position by 1.40% or 0.13 million shares – to 9.6 million shares.
Currently, there are 495.00M common shares owned by the public and among those 444.06M shares have been available to trade.
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Insiders at the company have transacted a total of 55 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 3,570,766 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 2,458,832 shares.
The top 3 mutual fund holders in Genworth Financial Inc are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. iShares Core S&P Small Cap ETF owns 29.33 million shares of the company’s stock, all valued at over $172.74 million. Vanguard Total Stock Market ETF bought 35690.0 shares to see its total holdings expand to 14.56 million shares valued at over $85.75 million and representing 3.23% of the shares outstanding. Vanguard Small Cap Index Fund bought 31392.0 shares to bring its total holdings to over 11.95 million shares at a value of $70.4 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.65% of the shares outstanding.
However, the script later moved the day high at 6.65, up 2.48%. The company’s stock has a 5-day price change of 3.76% and 13.36% over the past three months. GNW shares are trading 25.14% year to date (YTD), with the 12-month market performance up to 29.80% higher. It has a 12-month low price of $4.51 and touched a high of $6.53 over the same period. GNW has an average intraday trading volume of 2.83 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.77%, 10.61%, and 16.53% respectively.
Institutional ownership of Genworth Financial Inc (NYSE: GNW) shares accounts for 80.10% of the company’s 495.00M shares outstanding. Mutual fund holders own 28.47%, while other institutional holders and individual stakeholders account for 52.20% and 2.49% respectively.
It has a market capitalization of $2.99B and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 8.07, while the earnings-per-share (ttm) stands at $0.82. The company has a PEG of 1.61 and the debt-to-equity ratio at 0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.05% over the week and 2.80% over the month.
Analysts forecast that Genworth Financial Inc (GNW) will achieve an EPS of $0.26 for the current quarter, $0.27 for the next quarter and $0.99 for 2024. The lowest estimate earnings-per-share for the quarter is $0.23 while analysts give the company a high EPS estimate of $0.28. Comparatively, EPS for the current quarter was $0.35 a year ago. Earnings per share for the fiscal year are expected to decrease by -32.26%, and 36.90% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -6.27% over the past 5-year period.
