why Genworth Financial Inc. [GNW] is a Good Choice for Investors After New Price Target of $5.00

Genworth Financial Inc. [NYSE: GNW] gained 2.17% on the last trading session, reaching $5.19 price per share at the time. The company report on November 10, 2022 that AM Best Upgrades Issuer Credit Ratings for Most of Genworth Financial, Inc.’s U.S. Life Subsidiaries; Downgrades Credit Ratings of Genworth Life and Annuity Insurance Company.


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AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “b+” (Marginal) from “b” (Marginal) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and Genworth Life Insurance Company of New York (GLICNY) (New York, NY). The outlook of these Credit Ratings (ratings) is stable. Additionally, AM Best has upgraded the Long-Term ICRs to “b+” (Marginal) from “b” (Marginal) of Genworth Financial, Inc. (Genworth) [NYSE: GNW] and Genworth Holdings, Inc., as well as their associated Long-Term Issue Credit Ratings (Long-Term IRs). (Both companies are domiciled in Delaware.) The outlook of these ratings is stable.

Concurrently, AM Best has downgraded the FSR to B- (Fair) from B (Fair) and the Long-Term ICR to “bb-” (Fair) from “bb+” (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA). The outlook of these ratings is negative.

Genworth Financial Inc. represents 504.00 million in outstanding shares, while the company has a total market value of $2.55 billion with the latest information. GNW stock price has been found in the range of $5.09 to $5.1977.

If compared to the average trading volume of 3.18M shares, GNW reached a trading volume of 4032793 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 0.12, with the Price to Sales ratio for GNW stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.28, with the Price to Cash per share for the same quarter was set at 3.18. Price to Free Cash Flow for GNW in the course of the last twelve months was 3.22.

Trading performance analysis for GNW stock

Genworth Financial Inc. [GNW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.76. With this latest performance, GNW shares gained by 10.43% in over the last four-week period, additionally plugging by 47.44% over the last 6 months – not to mention a rise of 34.81% 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 67.51, with the RSI for the last a single of trading hit 69.40, and the three-weeks RSI is set at 66.14 for Genworth Financial Inc. [GNW]. The present Moving Average for the last 50 days of trading for this stock 4.72, while it was recorded at 5.10 for the last single week of trading, and 4.12 for the last 200 days.

Genworth Financial Inc. [GNW]: A deeper dive into fundamental analysis

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.

Genworth Financial Inc. [GNW]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Genworth Financial Inc. [GNW]

There are presently around $1,991 million, or 80.50% of GNW stock, in the hands of institutional investors. The top three institutional holders of GNW stocks are: BLACKROCK INC. with ownership of 73,562,534, which is approximately -0.783% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 57,630,927 shares of the stock with an approximate value of $299.11 million in GNW stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $104.6 million in GNW stock with ownership of nearly 19.184% of the company’s market capitalization.

Positions in Genworth Financial Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 130 institutional holders increased their position in Genworth Financial Inc. [NYSE:GNW] by around 27,415,575 shares. Additionally, 135 investors decreased positions by around 22,071,887 shares, while 62 investors held positions by with 334,214,492 shares. The mentioned changes placed institutional holdings at 383,701,954 shares, according to the latest SEC report filing. GNW stock had 35 new institutional investments in for a total of 8,692,061 shares, while 26 institutional investors sold positions of 2,789,970 shares during the same period.

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