Genworth Financial: Slow And Steady
- While Genworth has made substantial improvements to its balance sheet and progress across all of its businesses, uncertainty remains in the road ahead.
- Only after management presents a clear path forward through its newly formed Global Care Solutions business should investors expect to see sustained capital appreciation in Genworth’s stock.
- Therefore, the company remains fairly valued but receives an increased price target of $4.35/sh.
- The upcoming plan to return capital to shareholders should center on dividends rather than share repurchases.
For further details see:Genworth Financial: Slow And Steady