Munich Reinsurance Co Stock Corp in Munich Takes $5.35 Million Position in Gen Digital Inc. $GEN

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Gen Digital Inc. (NASDAQ:GEN) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 188,387 shares of the company’s stock, valued at approximately $5,348,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GEN. True Wealth Design LLC raised its holdings in Gen Digital by 92.0% in the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after buying an additional 529 shares during the last quarter. Spire Wealth Management boosted its position in Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after buying an additional 994 shares during the period. Clearstead Advisors LLC grew its holdings in Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Gen Digital during the 2nd quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. increased its position in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Activity

In related news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the sale, the director owned 3,932,980 shares in the company, valued at $106,662,417.60. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is owned by corporate insiders.

Gen Digital Stock Performance

GEN opened at $22.61 on Friday. Gen Digital Inc. has a twelve month low of $21.33 and a twelve month high of $32.22. The company has a fifty day moving average of $24.50 and a 200-day moving average of $26.63. The stock has a market cap of $13.69 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. Gen Digital’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. On average, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s payout ratio is currently 51.55%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GEN shares. Barclays dropped their price target on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Finally, Wells Fargo & Company started coverage on Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.71.

Gen Digital Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.