Citi Reiterates 3H Rating and $13 PT on Genworth Financial

Citi is reiterating its 3H rating and $13 PT on shares of Genworth Financial GNW. “There is no change to our 2011E-13E of $1.00, $1.40 and $1.90, respectively following GNW's announcement of sale of its Medicare supplemental business to Aetna,” Citi writes. “While the deal is a step in the right direction, we still view the shares as unattractive at their current valuation.” Genworth Financial closed Monday at $10.24.
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Posted In: Analyst RatingsCitiFinancialsGenworth FinancialMulti-line Insurance
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