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Genworth Financial: Slow And Steady

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.

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Genworth Financial: Slow And Steady

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