New Vernon Capital Holdings II LLC Buys Shares of 276,733 Gen Digital Inc. $GEN

Key Points

• New Vernon Capital Holdings II LLC has acquired a new stake of 276,733 shares in Gen Digital Inc. valued at approximately $7.34 million, indicating increased institutional interest in the company.
• Gen Digital posted earnings of $0.64 per share for the last quarter, surpassing analysts’ expectations, with a notable 30.3% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.125, translating to an annualized yield of 1.7%, with a payout ratio of 51.55%.

New Vernon Capital Holdings II LLC purchased a new stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 276,733 shares of the company's stock, valued at approximately $7,344,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC raised its holdings in Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after acquiring an additional 854 shares during the period. Tsfg LLC bought a new position in shares of Gen Digital during the first quarter worth $52,000. Capital Analysts LLC bought a new position in shares of Gen Digital during the first quarter worth $85,000. Mather Group LLC. boosted its position in shares of Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after acquiring an additional 783 shares during the last quarter. Finally, Curat Global LLC bought a new position in shares of Gen Digital during the first quarter worth $154,000. 81.38% of the stock is owned by institutional investors.

Gen Digital Trading Down 0.1%

NASDAQ:GEN traded down $0.03 during midday trading on Wednesday, hitting $29.44. The stock had a trading volume of 1,532,980 shares, compared to its average volume of 4,093,873. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.01 and a beta of 0.99. The stock has a 50-day moving average of $30.23 and a 200 day moving average of $28.32. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital's revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, sell-side analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is 51.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GEN shares. Wells Fargo & Company lifted their target price on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada lifted their target price on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Barclays boosted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. B. Riley initiated coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a "buy" rating and a $46.00 target price on the stock. Finally, Evercore ISI initiated coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.50.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.