Genworth Financial Inc. [GNW] is -9.14% lower this YTD. Is it still time to buy?

Genworth Financial Inc. [NYSE: GNW] closed the trading session at $3.68 on 09/28/22. The day’s price range saw the stock hit a low of $3.51, while the highest price level was $3.715. The company report on September 21, 2022 that Genworth Completes 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 completed the redemption of all $152 million aggregate principal amount of its outstanding 4.800% Senior Notes due 2024 (the “Notes”). Cash used for the redemption was approximately $155 million, which included the aggregate principal amount of the Notes being redeemed, plus a make-whole premium and accrued and unpaid interest to, but excluding, the redemption date of September 21, 2022.

About Genworth FinancialGenworth Financial, Inc. (NYSE: GNW) is a Fortune 500 provider of products, services and solutions that help families address the financial challenges of aging. Headquartered in Richmond, Virginia, Genworth applies its nearly 150 years of experience each day to helping people navigate caregiving options and fund their long-term care needs. Genworth is also the parent company of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information on Genworth, visit genworth.com, and for more information on Enact Holdings, Inc., visit enactmi.com.

The stocks have a year to date performance of -9.14 percent and weekly performance of -4.42 percent. The stock has been moved at -5.15 percent over the last six months. The stock has performed -13.82 percent around the most recent 30 days and changed 4.55 percent over the most recent 3-months.

If compared to the average trading volume of 3.02M shares, GNW reached to a volume of 4217618 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 0.13, with the Price to Sales ratio for GNW stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.16, with the Price to Cash per share for the same quarter was set at 3.24. Price to Free Cash Flow for GNW in the course of the last twelve months was 3.59.

GNW stock trade performance evaluation

Genworth Financial Inc. [GNW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.42. With this latest performance, GNW shares dropped by -13.82% in over the last four-week period, additionally sinking by -5.15% over the last 6 months – not to mention a drop of -2.13% 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 36.37, with the RSI for the last a single of trading hit 36.82, and the three-weeks RSI is set at 38.53 for Genworth Financial Inc. [GNW]. The present Moving Average for the last 50 days of trading for this stock 4.11, while it was recorded at 3.61 for the last single week of trading, and 3.97 for the last 200 days.

Genworth Financial Inc. [GNW]: An insightful look at the core 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.

Earnings per share (EPS) analysis for Genworth Financial Inc. [GNW] stock

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 Ownership positions

There are presently around $1,395 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 $212.84 million in GNW stocks shares; and STATE STREET CORP, currently with $77.33 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 130 institutional holders increased their position in Genworth Financial Inc. [NYSE:GNW] by around 29,511,125 shares. Additionally, 132 investors decreased positions by around 22,604,317 shares, while 66 investors held positions by with 326,908,976 shares. The mentioned changes placed institutional holdings at 379,024,418 shares, according to the latest SEC report filing. GNW stock had 39 new institutional investments in for a total of 5,234,594 shares, while 31 institutional investors sold positions of 2,317,983 shares during the same period.

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