Genworth Life Insurance is making a rebound

By | May 15, 2009
Genworth Life Insurance Company really got hit hard with the whole financial mess. They have taken steps though to correct and the stock if really starting to rebound. Makes me wish I bought it when it was 67cents a share. Read the rest of the story…
clipped from uk.reuters.com

Genworth leads life insurance stocks rally

NEW YORK, May 14 (Reuters) – Shares of Genworth Financial
(GNW.N: Quote, Profile, Research), a provider of mortgage and life insurance, led a rally
in U.S. life insurance stocks on Thursday.

Raymond James, in a research report, said it was raising
its 12-month share target price for Genworth to $5.50 from $3,
citing strength in the company’s U.S. retirement and protection
business.

Life insurers have been broadly hurt in recent months by
weaker financial markets, which have cut into investment
returns and incurred higher costs for annuity products that are
impacted when market values fall.

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