10 Best Insurance Stocks to Buy Following Q1 Earnings

8. Genworth Financial, Inc. (NYSE:GNW)

Target Price: $11 

Upside Potential: 30.95% 

On May 13, Keefe Bruyette raised its price target on Genworth Financial, Inc. (NYSE:GNW) to $11 from $10.50 while maintaining an Outperform rating on the shares. The upward revision reflects growing confidence in the company’s operating performance and strategic positioning, as well as the firm’s positive outlook on Genworth’s ability to continue generating value for shareholders amid evolving conditions within the insurance industry.

On March 26, Keefe Bruyette re-initiated coverage of Genworth Financial, Inc. (NYSE:GNW) with an Outperform rating and a $10.50 price target. The firm noted that the life insurance sector presents a mixed fundamental backdrop, with companies benefiting from reduced liability tail risk, improved free cash flow generation, and stronger growth trends. At the same time, the analyst highlighted industry challenges, including intensifying competition, increasing investment leverage, greater balance sheet complexity, and the eventual moderation of favorable macroeconomic tailwinds. Despite these factors, Keefe Bruyette expressed confidence in Genworth’s outlook and competitive positioning within the sector.

Formally incorporated in 2003 and headquartered in Richmond, Virginia, Genworth Financial, Inc. (NYSE:GNW) is a financial services company that helps families navigate the aging journey. They primarily provide long-term care insurance, life insurance, annuities, and mortgage insurance products.

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