5 Best Penny Stocks To Buy Now

3. Genworth Financial, Inc. (NYSE:GNW)

Share Price as of October 21: $4,45

Number of Hedge Fund Holders: 22

Genworth Financial, Inc. (NYSE:GNW) is a leading insurance company with a long history of financial strength and stability. The company offers a wide range of insurance products, including life, long-term care, and mortgage insurance. Genworth Financial, Inc. (NYSE:GNW) is attractively priced and is offering good value for investors. As of October 21, the stock is trading at a PE multiple of 2x and is ranked high among the best penny stocks to buy now.

Genworth Financial, Inc. (NYSE:GNW) is profitable, cash-rich, and efficient at making profits for investors. The company has free cash flows of $545 million and has a trailing twelve-month operating margin of 16.87%. Moreover, Genworth Financial, Inc. (NYSE:GNW) has an ROE of 6.49%.

At the end of Q2 2022, Genworth Financial, Inc. (NYSE:GNW) was spotted on 22 hedge fund portfolios. The total stakes of these hedge funds amounted to $93.3 million. As of June 30, Shah Capital Management is the most prominent investor in Genworth Financial, Inc. (NYSE:GNW) and has stakes worth over $40 million in the company.