Genworth Financial Inc. [GNW] Revenue clocked in at $7.58 billion, up 4.20% YTD: What’s Next?

Genworth Financial Inc. [NYSE: GNW] stock went on an upward path that rose over 1.20% on Wednesday, amounting to a one-week price decrease of less than -2.99%. The company report on August 22, 2022 that Genworth Announces Redemption of Outstanding 2024 Senior Notes.


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Genworth Financial, Inc. (NYSE: GNW) announced today that Genworth Holdings, Inc., its direct wholly-owned subsidiary, has issued a notice of redemption for all of its outstanding 4.800% Senior Notes (the “Notes”) due 2024. The redemption date of the Notes will be September 21, 2022, and the redemption price of the Notes will be 100% of the principal amount plus a make-whole premium and accrued and unpaid interest to, but excluding, the redemption date.

The Paying Agent for the redemption of the Notes is The Bank of New York Mellon Trust Company, N.A., Global Corporate Trust, 111 Sanders Creek Parkway, East Syracuse, New York 13057.

Over the last 12 months, GNW stock rose by 12.53%. The one-year Genworth Financial Inc. stock forecast points to a potential upside of 15.6.

The market cap for the stock reached $2.17 billion, with 509.00 million shares outstanding and 496.96 million shares in the current float. Compared to the average trading volume of 3.03M shares, GNW stock reached a trading volume of 3321781 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Genworth Financial Inc. [GNW]:

Wells Fargo have made an estimate for Genworth Financial Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on September 23, 2016. While these analysts kept the previous recommendation, Compass Point dropped their target price from $5.50 to $5.25. The new note on the price target was released on May 05, 2016, representing the official price target for Genworth Financial Inc. stock. Previously, the target price had yet another drop from $7.50 to $5.50, while Compass Point kept a Buy rating on GNW stock.

The Average True Range (ATR) for Genworth Financial Inc. is set at 0.12, with the Price to Sales ratio for GNW stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 0.18, with the Price to Cash per share for the same quarter was set at 3.35. Price to Free Cash Flow for GNW in the course of the last twelve months was 3.98.

GNW Stock Performance Analysis:

Genworth Financial Inc. [GNW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.99. With this latest performance, GNW shares gained by 0.96% in over the last four-week period, additionally plugging by 2.68% over the last 6 months – not to mention a rise of 12.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GNW stock in for the last two-week period is set at 48.68, with the RSI for the last a single of trading hit 43.53, and the three-weeks RSI is set at 51.47 for Genworth Financial Inc. [GNW]. The present Moving Average for the last 50 days of trading for this stock 4.04, while it was recorded at 4.29 for the last single week of trading, and 3.98 for the last 200 days.

Insight into Genworth Financial Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Genworth Financial Inc. [GNW] shares currently have an operating margin of +17.56. Genworth Financial Inc.’s Net Margin is presently recorded at +11.20.

Return on Equity for this stock inclined to 5.69, with Return on Assets sitting at 1.01.

GNW Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GNW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Genworth Financial Inc. go to 5.00%.

Genworth Financial Inc. [GNW] Insider Position Details

There are presently around $1,599 million, or 79.00% of GNW stock, in the hands of institutional investors. The top three institutional holders of GNW stocks are: BLACKROCK INC. with ownership of 74,143,000, which is approximately -0.033% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 57,837,295 shares of the stock with an approximate value of $244.07 million in GNW stocks shares; and STATE STREET CORP, currently with $88.68 million in GNW stock with ownership of nearly 1.713% of the company’s market capitalization.

Positions in Genworth Financial Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 128 institutional holders increased their position in Genworth Financial Inc. [NYSE:GNW] by around 29,500,901 shares. Additionally, 133 investors decreased positions by around 22,604,517 shares, while 66 investors held positions by with 326,902,813 shares. The mentioned changes placed institutional holdings at 379,008,231 shares, according to the latest SEC report filing. GNW stock had 38 new institutional investments in for a total of 5,234,370 shares, while 32 institutional investors sold positions of 2,318,183 shares during the same period.

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