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

Citi is reiterating its 3H rating and $13 PT on shares of Genworth Financial (NYSE: 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.