Genworth Financial (GNW +4.5%) is started with a Buy rating at BTIG, which says the stock price...

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

Genworth Financial (GNW +4.5%) is started with a Buy rating at BTIG, which says the stock price reflects excessive pessimism given GNW's ample liquidity, solid capital position, moderate leverage, adequate reserves and the improving trajectory of its operations. Despite challenges posed by its mortgage insurance unit, the firm believes GNW is on track to return to profitability in 2013.