Genworth Financial Inc. [GNW] Revenue clocked in at $7.58 billion, down -6.67% YTD: What’s Next?
Genworth Financial Inc. [NYSE: GNW] Its price declined by -0.07 points on Thursday, while share prices fell at $3.78 at the close of the session, down -1.82%. Company report on September 21, 2022 That Genworth completes the 2024 Notable Observations Recovery.
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Genworth Financial, Inc. (NYSE: GNW) today announced that Genworth Holdings, Inc. Inc., a wholly owned subsidiary, has completed redemption of the total principal amount of $152 million of its outstanding 4,800% bonds due in 2024 (the “Notes”). Cash used for redemption was approximately $155 million, which included the amount The total principal of the bonds to be redeemed, plus the full premium and accrued and unpaid interest, but excluding, the redemption date is September 21, 2022.
About Genworth FinancialGenworth Financial, Inc. (NYSE: GNW) is a Fortune 500 company for products, services and solutions that help families meet the financial challenges of aging. Headquartered in Richmond, Virginia, Genworth applies its nearly 150 years of experience every day to help people navigate caregiving options and fund their long-term care needs. Genworth is also the parent company of Enact Holdings, Inc. (Nasdaq:ACT), a leading American mortgage insurance company. For more information about Genworth, visit genworth.com, and for more information about Enact Holdings, Inc. Visit enactmi.com.
Genworth Financial Inc.’s stock fell. It is now -6.67% lower than its YTD trading value. GNW stock saw an intraday high of $3.89 and a low of $3,745 a share. The company’s 52-week high is 4.61, which means the current price is 10.20% higher than the all-time high touched on 01/13/22.
Compared to an average trading volume of 2.97 million shares, GNW had a trading volume of 2424557 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Genworth Financial Inc. [GNW]?
Wells Fargo has made an appreciation for the shares of Genworth Financial Inc. , retaining their opinion on the stock as market performance, with their previous recommendation back on September 23, 2016. While these analysts held the previous recommendation, Compass Point lowered its target price from $5.50 to $5.25. The new price target note was released on May 5, 2016, which is the official price target for Genworth Financial Inc.’s stock. Previously, the target price had fallen again from $7.50 to $5.50, while Compass Point maintained a buy rating on GNW stock.
The Average True Range (ATR) is set by Genworth Financial Inc. at 0.12, with a price-to-sales ratio for GNW stock in the past 12-month period at 0.25. The price-to-book ratio for the last quarter was 0.16, with the price-to-cash-to-cash ratio for the same quarter set at 3.42. The GNW’s free cash flow rate for the past 12 months was 3.49.
How has GNW stock been performing lately?
Genworth Financial Inc. [GNW] It fell into the red at the end of last week, fell in a negative direction and fell by -2.83. With this latest performance, GNW shares are down -13.50% over the past four-week period, as well as down 1.34% over the past six months – not to mention up 10.85% in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for GNW stock for the past two weeks was set at 30.82, with the RSI for the last one trading at 23.20, and the three-week RSI at 36.73 for Genworth Financial Inc. [GNW]. The current moving average for the last 50 trading days of this stock is 4.15, while it recorded at 3.87 for the last trading week, and 3.98 for the last 200 days.
Genworth Financial Inc. [GNW]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, and Genworth Financial Inc. [GNW] The shares’ current operating margin is +17.56. Net margin reported to Genworth Financial Inc. Currently at +11.20.
The return on equity for this stock increased to 5.69, with the return on assets remaining at 1.01.
Earnings Analysis for Genworth Financial Inc. [GNW]
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for GNW. When it comes to the stated value, analysts expect Genworth Financial Inc.’s 5-year EPS growth rate to rise. to 5.00%.
Insider Trading Positions of Genworth Financial Inc. [GNW]
There are currently approximately $1,433 million, or 79.00% of GNW’s stock, in the hands of institutional investors. The three largest GNW shareholders are: BLACKROCK INC. With ownership of 74,143,000, which is approximately -0.033% of the company’s market capitalization and about 1.20% of the total institutional ownership; VANGUARD GROUP INC, which owns 578,37295 shares of stock with an approximate value of $218.62 million in GNW stock; and STATE STREET CORP, which currently holds $79.43 million in GNW stock with ownership of approximately 1.713% of the company’s market capitalization.
Positions in Genworth Financial Inc shares increased. held by institutional investors at the end of August and at the time of the August report, as 130 institutional owners consolidated their positions in Genworth Financial Inc. [NYSE:GNW] About 2,9511,125 shares. In addition, 132 investors decreased their positions by 22,604,317 shares, while 66 investors occupied positions with 326,908,976 shares. The said changes put institutional holdings at 3,790,24418 shares, according to the latest report from the Securities and Exchange Commission. GNW stock had 39 new institutional investors totaling 5,234,594 shares, while 31 institutional investors sold positions worth 2,317,983 shares during the same period.