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Genworth Financial, Inc. Message Board

  • su_dongpo su_dongpo May 24, 2013 12:09 PM Flag

    S and P on GWN (May 1)

    S&P MAINTAINS BUY RECOMMENDATION ON SHARES OF GENWORTH FINANCIAL
    We up our target price by $1 to $13 on revised P/E & P/B analysis, and raise our '13 operating EPS estimate to $1.25 from $1.18 and '14's to $1.48 from $1.45 on lower expenses. Q1 EPS of $0.30, vs. $0.03, topped our $0.24 estimate. We see the U.S. mortgage insurance business benefiting from better origination and pricing, as well as sharply lower expenses as fewer mortgages sour on a rebound in the housing market; Canada and Australia should be stable. We expect the life insurance and long term care businesses to benefit from ongoing rates hikes and product revamping.

 
GNW
16.35-0.15(-0.91%)Jul 25 4:03 PMEDT

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