Genworth Financial Inc (NYSE: GNW) kicked off an exciting trading season with a remarkable performance last year, boasting a 31.48% gain. On December 26, 2023, the company’s stock started the session at $6.84, marking a 0.59% increase from the previous trading day. Throughout the day, the share price fluctuated between $6.87 and $6.76 before settling at a closing price of $6.81. Over the past 52 weeks, GNW’s stock has traded within a range of $4.51 to $6.93.
Despite being a Financial Sector giant, Genworth Financial Inc experienced a sales drop of -1.91% over the last 5-year period. The company’s average annual earnings per share stood at -32.26%. With a float of $444.06 million, the outstanding shares of GNW now amount to $495.00 million.
Considering the company’s workforce of 2500 employees, it’s crucial to analyze investor behavior towards the Insurance – Life industry stocks. Genworth Financial Inc has an insider ownership of 1.54% and an institutional ownership of 80.12%. In a recent insider transaction on December 4, the President, CEO, and Director sold 200,000 shares at a rate of $6.18, increasing their total stock ownership to 3,270,010 shares. Additionally, on August 11, another transaction took place where the same insider sold 200,000 shares for $6.01, resulting in a total transaction value of $1,201,200. Following this transaction, the insider now owns a total of 3,470,010 shares.
As of September 29, 2023, the multinational firm announced its last quarter earnings report, revealing an earnings per share (EPS) of $0.06. This figure fell short of the consensus outlook of $0.22 by -$0.16. The company achieved a net margin of +8.11% and generated a return on equity of 4.78%. Market experts on Wall Street anticipate that the current fiscal year will bring earnings of $0.27 per share.
Looking ahead, analysts project a decrease in earnings of approximately -32.26% per share for the next fiscal year. However, for the long-term forecast, market analysts predict that the company’s EPS will grow by 5.00% over the next five years, showing a significant improvement compared to the -6.27% drop observed in the previous five years of trading.
Based on current performance indicators, Genworth Financial Inc (GNW) is showing positive signs. The company’s price-to-sales ratio for the trailing twelve months stands at 0.42, indicating potential value for investors. Furthermore, the price-to-free cash flow ratio for the same period is 3.62.
Over the past 12 months, the company’s diluted earnings per share (EPS) reached $0.82. Analysts expect this number to decline to $0.28 in the next quarter and reach $1.15 within a year’s time.
Examining Genworth Financial Inc (NYSE: GNW) closely, the average volume over the last 5 days was 2.76 million, a decrease compared to the year-to-date volume of 3.28 million. The stock’s stochastic %D value, calculated over the previous 9 days, is currently at 85.13%. Additionally, the Average True Range for the stock over the same period was 0.18.
Analyzing the past performance of Genworth Financial Inc over the past 100 days, the raw stochastic average was recorded at 95.02%, indicating a significant increase from the 91.62% reported over the past two weeks. Regarding volatility metrics, the stock displayed a historical volatility of 22.15% in the past 14 days, a decrease from the 32.26% volatility observed over the past 100 days.
At present, the stock’s 50-day Moving Average stands at $6.06, while its 200-day Moving Average is $5.70. In terms of short-term analysis, the first resistance level for Genworth Financial Inc’s stock is at $6.89, followed by $6.94 as the second resistance level, and $7.00 as the third significant resistance level. On the downside, if the stock price breaks below the first support level of $6.78, it could potentially go down to the next support level at $6.72. Moreover, if the price surpasses the second support level, the third support stands at $6.67.
The market capitalization of Genworth Financial Inc currently stands at 3.09 billion, based on its 451,005K outstanding shares. The company’s sales total 7,507 M, with an income of 609,000K. During the latest quarter, Genworth Financial Inc recorded a profit of 1,831 M and sales of 29,000K in the previous quarter.
Genworth Financial Inc (GNW) has positioned itself as a strong performer based on its current performance indicators. Investors and analysts will be closely monitoring the company as it navigates the dynamic trading season ahead.
Please note that the information provided in this article is based on historical data and analyst projections. It is important to conduct thorough research and analysis before making any investment decisions.
