22,099 Shares in Gen Digital Inc. $GEN Purchased by Allstate Corp

Allstate Corp acquired a new position in Gen Digital Inc. (NASDAQ:GEN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,099 shares of the company’s stock, valued at approximately $627,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi raised its holdings in shares of Gen Digital by 273.3% in the 2nd quarter. Amundi now owns 4,303,552 shares of the company’s stock worth $128,289,000 after purchasing an additional 3,150,651 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Gen Digital by 82.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,497,501 shares of the company’s stock worth $132,227,000 after buying an additional 2,035,925 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Gen Digital by 328.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,419,895 shares of the company’s stock worth $71,145,000 after buying an additional 1,855,504 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Gen Digital by 2.2% in the second quarter. Vanguard Group Inc. now owns 71,249,751 shares of the company’s stock valued at $2,094,743,000 after buying an additional 1,558,983 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Gen Digital by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock valued at $660,730,000 after buying an additional 1,406,869 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Gen Digital Trading Up 0.1%

Gen Digital stock opened at $25.22 on Friday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The stock has a market cap of $15.55 billion, a P/E ratio of 27.41, a PEG ratio of 0.84 and a beta of 1.09. The firm’s fifty day moving average price is $26.75 and its 200-day moving average price is $28.12.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. Equities research analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were given a dividend of $0.125 per share. The ex-dividend date was Monday, November 17th. This represents a $0.50 annualized dividend and a yield of 2.0%. Gen Digital’s payout ratio is presently 54.35%.

Insider Buying and Selling

In related news, Director John C. Chrystal purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $27.14 per share, with a total value of $135,700.00. Following the acquisition, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This represents a 21.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were 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 approximately $106,662,417.60. This trade represents a 2.81% decrease in their position. The SEC filing for this sale provides additional information. 9.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GEN has been the subject of several recent research reports. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Zacks Research lowered shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Royal Bank Of Canada dropped their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Finally, Jefferies Financial Group began coverage on shares of Gen Digital in a report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.43.

About Gen Digital

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.