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Genworth's managers have their plan to return the company to growth and prosperity.
The plan prioritizes reducing debt, standing up new LTC insurance businesses, stabilizing legacy LTC businesses, maximizing Enact's value, and returning capital to shareholders.
The plan is expected to create value for Genworth shareholders in the intermediate to long term. There is, however, very little near-term upside for the stock.
Therefore, Genworth receives a Neutral rating with a $4.25/share price target.