Genworth Financial Stock Fair Value – Allspring Global Investments Holdings LLC Sees Remarkable Growth in Genworth Financial, Position
July 7, 2023
☀️Trending News
Recently, Allspring Global Investments Holdings LLC has seen a remarkable increase in its holdings in Genworth Financial ($NYSE:GNW), Inc. Allspring Global Investments Holdings LLC specializes in global investments, and its portfolio currently contains more than $3 billion in assets under management. This impressive growth is a testament to the strength of Allspring Global Investments Holdings LLC portfolio and the long-term potential of Genworth Financial, Inc. The company’s strong financial performance suggests that it will continue to be a worthwhile investment for many years to come. This news is sure to be welcomed by investors who had previously been unsure about the stock’s outlook.
It is a testament to the company’s ability to make intelligent investments and to create long-term value for its shareholders. With this kind of growth in its portfolio, many investors are likely to be keeping a close eye on Allspring Global Investments Holdings LLC going forward.
Share Price
On Thursday, GENWORTH FINANCIAL stock opened at $5.2 and closed at $5.3, representing a 0.6% increase from the prior closing price of 5.3. The increase in Genworth Financial‘s stock price reflects the overall rise in the stock market as investors seek to capitalize on the potential for economic recovery due to a resurgence in consumer spending following the pandemic. The company has also seen increased investor confidence in its services and products, which has helped bolster its stock price. The steady rise in Genworth Financial’s position has been a welcome sign for Allspring Global Investments Holdings LLC, which has seen its stock holdings grow significantly over the last several weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Genworth Financial. More…
| Total Revenues | Net Income | Net Margin |
| 7.5k | 522 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Genworth Financial. More…
| Operations | Investing | Financing |
| 1.05k | 733 | -1.55k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Genworth Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 91.18k | 82.95k | 15.26 |
Key Ratios Snapshot
Some of the financial key ratios for Genworth Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.8% | – | 13.1% |
| FCF Margin | ROE | ROA |
| 14.0% | 7.0% | 0.7% |
Analysis – Genworth Financial Stock Fair Value
At GoodWhale, we have conducted a thorough analysis of GENWORTH FINANCIAL‘s fundamentals. Based on our proprietary Valuation Line, we have calculated that the fair value of GENWORTH FINANCIAL share is around $2.9. Interestingly, at the current market price, GENWORTH FINANCIAL stock is overvalued by 83.5%. This implies that there is a significant opportunity to make profits by investing in this stock. Nevertheless, it is important to evaluate the risk-reward ratio before investing. More…
Peers
In the insurance market, there are a few major competitors that stand out among the rest. Genworth Financial Inc is one such company that has been in competition with Great Eastern Holdings Ltd, Mercuries Life Insurance Co Ltd, and CIG Pannonia Life Insurance OJSC for quite some time now. All these companies are striving to provide the best possible products and services to their customers.
– Great Eastern Holdings Ltd ($SGX:G07)
Great Eastern Holdings Ltd is a holding company that provides life insurance and asset management products and services. The company has a market cap of 8.59B as of 2022 and a Return on Equity of 7.45%. Great Eastern Holdings Ltd is headquartered in Singapore.
– Mercuries Life Insurance Co Ltd ($TWSE:2867)
Mercuries Life Insurance Co Ltd is a life insurance company with a market cap of 17.14B as of 2022. The company has a Return on Equity of -13.78%. The company offers life insurance products and services to individuals and businesses.
– CIG Pannonia Life Insurance OJSC ($LTS:0P2E)
CIG Pannonia Life Insurance OJSC is a Romania-based company engaged in the insurance sector. The Company provides a range of life insurance products, including saving plans, unit-linked products, pension plans and health insurance.
Summary
Allspring Global Investments Holdings LLC is a major investor in Genworth Financial, Inc., and has seen remarkable growth in recent years. This has been driven by strategic investments in assets such as stocks, bonds, mutual funds, and other financial instruments. As a result, the company has achieved high returns and solidified its position among the top players in the market.
The company has gained a reputation for strong analysis and sound decision-making, helping to ensure the success of its investments. Genworth Financial, Inc. has become a top destination for investors looking for reliable returns and long-term success.
