- 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.
For further details see:
Genworth Financial, Inc.: Long-Term Upside, Near-Term Lull