Why Do Investors Buy Stock In Genworth Financial Inc. (GNW)?
Genworth Financial Inc. (NYSE:GNW) has a beta value of 0.97 and has seen 6.29 million shares traded in the last trading session. The company, currently valued at $2.12B, closed the last trade at $4.24 per share which meant it gained $0.09 on the day or 2.17% during that session. The GNW stock price is -12.26% off its 52-week high price of $4.76 and 55.9% above the 52-week low of $1.87. If we look at the companys 10-day average daily trading volume, we find that it stood at 3.12 million shares traded. The 3-month trading volume is 7.52 million shares. The consensus among analysts is that Genworth Financial Inc. (GNW) is a Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.22. Genworth Financial Inc. (NYSE:GNW) trade information  Sporting 2.17% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 06/15/21 when the GNW stock price touched $4.24 or saw a rise of 1.85%. Year-to-date, Genworth Financial Inc. shares have moved 12.17%, while the 5-day performance has seen it change -0.70%. Over the past 30 days, the shares of Genworth Financial Inc. (NYSE:GNW) have changed 3.41%. Short interest in the company has seen 15.3 million shares shorted with days to cover at 3.19. Wall Street analysts have a consensus price target for the stock at $2.50, which means that the shares value could drop -69.6% from current levels. The projected low price target is $2.50 while the price target rests at a high of $2.50. In that case, then, we find that the current price level is 41.04% off the targeted high while a plunge would see the stock lose 41.04% from current levels. Genworth Financial Inc. (GNW) estimates and forecasts  The companys shares have lost -1.85% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -9.70%. 1 analysts offering their estimates for the company have set an average revenue estimate of $1.9 billion for the current quarter. 1 have an estimated revenue figure of $1.95 billion for the next quarter concluding in Sep 2021. Year-ago sales stood $2.14 billion and $2.42 billion respectively for this quarter and the next, and analysts expect sales will shrink by -11.00% for the current quarter and -19.20% for the next. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 40.10% over the past 5 years. Earnings growth for 2021 is a modest 59.20% while over the next 5 years, the companys earnings are expected to increase by 5.00%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  GNW Dividends  Genworth Financial Inc. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Genworth Financial Inc. (NYSE:GNW)s Major holders  Insiders own 1.07% of the company shares, while shares held by institutions stand at 69.79% with a share float percentage of 70.54%. Investors are also buoyed by the number of investors in a company, with Genworth Financial Inc. having a total of 365 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 56.63 million shares worth more than $214.06 million. As of Dec 30, 2020, Blackrock Inc. held 11.18% of shares outstanding. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 45.23 million shares as of Dec 30, 2020. The firms total holdings are worth over $170.96 million and represent 8.93% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Dec 30, 2020, the former fund manager holds about 2.82% shares in the company for having 14.27 million shares of worth $53.94 million while later fund manager owns 13.75 million shares of worth $45.66 million as of Mar 30, 2021, which makes it owner of about 2.71% of companys outstanding stock.