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

Munich Reinsurance Co Stock Corp in Munich bought a new stake in Gen Digital Inc. (NASDAQ:GEN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 188,387 shares of the company’s stock, valued at approximately $5,348,000.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC increased its position in Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the period. Spire Wealth Management boosted its holdings in Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after purchasing an additional 994 shares during the period. Clearstead Advisors LLC grew its position in shares of 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 purchasing an additional 400 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Gen Digital during the 2nd quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the transaction, the director directly owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.30% of the company’s stock.

Gen Digital Stock Performance

GEN opened at $22.61 on Friday. The company has a market cap of $13.69 billion, a P/E ratio of 23.31, a PEG ratio of 0.75 and a beta of 1.11. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. The company’s 50 day moving average is $24.50 and its 200-day moving average is $26.63. Gen Digital Inc. has a 1-year low of $21.33 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. 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. Equities research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Gen Digital Company 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.