Watching Genworth Financial Inc. (GNW) For Insider Activity

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Genworth Financial Inc. (NYSE:GNW) finished Wednesday with a subtraction of -$0.05 to close at $5.22, a downside of -0.95 percent. An average of 2,783,820 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 3,231,810 shares traded, while the 50-day average volume stands at 2,967,740.

GNW stock has increased by 7.19% in the last month. The company shares reached their 1-month lowest point of $4.81 on 11/30/22. With the stock rallying to its 52-week high on 12/21/22, shares of the company touched a low of $3.43 and a high of $5.36 in 52 weeks. It has reached a new high 22 times so far this year and achieved 28.89% or $1.17 in price. In spite of this, the price is down -2.70% from the 52-week high.


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Insider Transactions

GNW stock investors should be aware that Genworth Financial Inc. (GNW) stock had its last reported insider trading activity 55 days ago on Nov 04. In this transaction, the insider spent $915,400. President and CEO; Director, McInerney Thomas J, disposed of 100,000 shares at a price of $4.25 on Aug 08. The insider now owns more than $425,400 worth of shares. Prior to that, President and CEO; Director McInerney Thomas J went on to Sale 100,000 shares at $3.95 each on May 24. An amount of $394,700 was transacted.

Valuation Metrics

Genworth Financial Inc. (GNW) has a trailing price-to-earnings (P/E) ratio of 4.51. The stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.35, the price-to-book (PB) ratio at 0.28, and the price-to-cash flow ratio at 3.23.

Financial Health

Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.17 for the quarter ending September 29. Its gross profit as reported stood at $1.18 billion compared to revenue of $7.83 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Genworth Financial Inc.’s return on assets was 0.60%.

Earnings Surprise

For the three-month period that ended September 29, Genworth Financial Inc. had $1.62 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $104.0 million in the quarter, while revenues were shrunk -201.92%. The analyst consensus anticipated Genworth Financial Inc.’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.2, a -4.80% surprise. For the quarter, EBITDA amounted to $248.0 million. At the end of the quarter ending September 29, Genworth Financial Inc.’s stock balance sheet showed total debt was $2.08 billion. Shareholders own equity worth $496.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Genworth Financial Inc. (GNW) price momentum. RSI 9-day as of the close on 28 December was 61.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.88%.

As of today, GNW’s price is $5.25 +0.58% or $0.03 from its 5-day moving average. GNW is currently trading +6.53% higher than its 20-day SMA and +23.70% higher than its 100-day SMA. However, the stock’s current price level is +20.55% above the SMA50 and +39.57% above the SMA200.

The stochastic %K and %D were 74.49% and 75.71%, respectively, and the average true range (ATR) was 0.11. With the 14-day stochastic at 66.67% and the average true range at 0.12, the RSI (14) stands at 63.00%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.12.

Analyst Ratings

The consensus rating for Genworth Financial Inc. (GNW) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GNW, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is GNW’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Genworth Financial Inc. (GNW) stock is $5.00.

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