Genworth Financial Inc. (GNW) may enjoy gains as insiders got busy in the recent days

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Genworth Financial Inc.’s filing revealed that its President and CEO; Director McInerney Thomas J unloaded Company’s shares for reported $0.92 million on Nov 04. In the deal valued at $4.58 per share,200,000 shares were sold. As a result of this transaction, McInerney Thomas J now holds 3,639,625 shares worth roughly $ 19.44 million.

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Then, McInerney Thomas J sold 100,000 shares, generating $425,400 in total proceeds. Upon selling the shares at $4.25, the President and CEO; Director now owns 3,839,625 shares.

Before that, McInerney Thomas J sold 100,000 shares. Genworth Financial Inc. shares valued at $394,700 were divested by the President and CEO; Director at a price of $3.95 per share. As a result of the transaction, McInerney Thomas J now holds 3,939,625 shares, worth roughly $21.04 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 Friday, Genworth Financial Inc. [NYSE:GNW] saw its stock jump 1.14% to $5.34. On the same session, the stock had its day’s lowest price of $5.24, but rose to a high of $5.36. Over the last five days, the stock has gained 2.10%. Genworth Financial Inc. shares have risen nearly 0.95% since the year began. Nevertheless, the stocks have risen 20.81% over the past one year. While a 52-week high of $5.36 was reached on 01/13/23, a 52-week low of $3.43 was recorded on 01/10/23. SMA at 50 days reached $4.99, while 200 days put it at $4.23. A total of 2.4 million shares were traded, compared to the trading of 3.57 million shares in the previous session.

Levels Of Support And Resistance For GNW Stock

The 24-hour chart illustrates a support level at 5.27, which if violated will result in even more drops to 5.19. On the upside, there is a resistance level at 5.39. A further resistance level may holdings at 5.43. The Relative Strength Index (RSI) on the 14-day chart is 62.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.25%. Stochastics %K at 80.24% indicates the stock is a selling.

How much short interest is there in Genworth Financial Inc.?

A steep rise in short interest was recorded in Genworth Financial Inc. stocks on Oct 13, 2022, growing by 1.04 million shares to a total of 15.09 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 14.05 million shares. There was a rise of 6.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.06.

Genworth Financial Inc. [GNW] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 67,867,740 shares, or roughly 13.67% of the outstanding GNW shares. In other words, the investor’s shares have fallen by -591,373 from its previous 13-F filing of 68459113.0. Additionally, The Vanguard Group, Inc. decreased -0.31% of its stake after which the total value it holdings stand at $299,669,163, while Dimensional Fund Advisors LP added 19.18% of its stake to hold $106.62 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -1,005,265 shares of Genworth Financial Inc., while Donald Smith & Co., Inc. sold 1,129,777 shares. At present, River Road Asset Management LLC is holding 17,806,363 shares valued at $94.2 million. Shah Capital Management, Inc. owned 9,555,386 shares of the company at the time of its most recent 13F filing, worth $50.55 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 down nearly -5.3 percent from its previous closing price of $5.28. 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 2023.

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