Genworth Financial Inc.’s recent filing unveils that its President and CEO; Director McInerney Thomas J unloaded Company’s shares for reported $0.43 million on Aug 08. In the deal valued at $4.25 per share,100,000 shares were sold. As a result of this transaction, McInerney Thomas J now holds 3,839,625 shares worth roughly $ 17.74 million.
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Then, McInerney Thomas J sold 100,000 shares, generating $394,700 in total proceeds. Upon selling the shares at $3.95, the President and CEO; Director now owns 3,939,625 shares.
Before that, McInerney Thomas J sold 150,000 shares. Genworth Financial Inc. shares valued at $625,950 were divested by the President and CEO; Director at a price of $4.17 per share. As a result of the transaction, McInerney Thomas J now holds 2,815,504 shares, worth roughly $13.01 million.
A number of analysts have revised their coverage, including Compass Point’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Compass Point also remained covering GNW and reiterated its “Buy” recommendation on February 08, 2016. Goldman started covering the stock on November 17, 2015. It rated GNW as “a Neutral”.
Price Performance Review of GNW
On Monday, Genworth Financial Inc. [NYSE:GNW] saw its stock jump 1.32% to $4.62. On the same session, the stock had its day’s lowest price of $4.58, but rose to a high of $4.68. Over the last five days, the stock has lost -1.07%. Genworth Financial Inc. shares have risen nearly 14.07% since the year began. Nevertheless, the stocks have risen 5.72% over the past one year. While a 52-week high of $4.95 was reached on 11/02/22, a 52-week low of $3.43 was recorded on 06/23/22. SMA at 50 days reached $4.13, while 200 days put it at $3.99. A total of 2.73 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For GNW Stock
The 24-hour chart illustrates a support level at 4.57, which if violated will result in even more drops to 4.53. On the upside, there is a resistance level at 4.67. A further resistance level may holdings at 4.73. The Relative Strength Index (RSI) on the 14-day chart is 63.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.00%. Stochastics %K at 42.98% indicates the stock is a holding.
How much short interest is there in Genworth Financial Inc.?
A steep rise in short interest was recorded in Genworth Financial Inc. stocks on Jul 14, 2022, growing by 0.32 million shares to a total of 15.08 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 14.76 million shares. There was a rise of 2.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.57.
Genworth Financial Inc. [GNW] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 68,459,113 shares, or roughly 13.59% of the outstanding GNW shares. In other words, the investor’s shares have risen by 226,936 from its previous 13-F filing of 68232177.0. Additionally, The Vanguard Group, Inc. increased 2.03% of its stake after which the total value it holdings stand at $198,876,979, while SSgA Funds Management, Inc. added 1.71% of its stake to hold $73.55 million in the firm. Over the last quarter, Donald Smith & Co., Inc. purchased 1,129,777 shares of Genworth Financial Inc., while River Road Asset Management LLC bought 1,034,800 shares. At present, Dimensional Fund Advisors LP is holding 16,910,360 shares valued at $59.19 million. Shah Capital Management, Inc. owned 9,605,386 shares of the company at the time of its most recent 13F filing, worth $33.62 million.
According to FactSet, Genworth Financial Inc.’s share price will average $5.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.65 percent from its previous closing price of $4.56. Analysts expect Genworth Financial Inc. stock to reach the higher price of $5.00, while the lowest price estimate is $5.00. However, 2 analysts have rated GNW stock as a Hold in their predictions for 2022.