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Genworth Financial, Inc. Message Board

  • dog01buck dog01buck Apr 28, 2013 10:52 AM Flag

    S&P's BUY Rating was REITERATED way back on APRIL 1, 2013 - "cut and paste" below

    S&P Recommendation BUY ★ ★ ★ ★ ★
    GICS Sector Financials Sub-Industry Multi-line Insurance
    Key Stock Statistics (Source S&P, Vickers, company reports)
    Price 12-Mo. Target Price Investment Style
    $9.87 (as of Apr 26, 2013) $12.00 Large-Cap Blend
    Summary This insurance holding company serves lifestyle protection, retirement income and investment and mortgage insurance needs around the world.
    Options: ASE, CBOE, P, Ph Analysis prepared by Equity Analyst Robert McMillan on Apr 01, 2013, when the stock traded at $10.00
    ➤ Our buy recommendation reflects GNW's steep valuation discount versus peers, and our belief that the valuation does not properly reflect im- proving fundamentals and a strengthened bal- ance sheet. We look for the U.S. mortgage in- surance business to return to breakeven/prof- itability in 2013, helping boost the profitability of the overall global mortgage insurance busi- ness. We see price increases and product re- designs helping profitability in the life insurance and long-term care businesses.

7.835-0.025(-0.32%)11:11 AMEDT