Relatively High Beta Detected in Shares of Genworth Financial in the Multi-line Insurance Industry (GNW, HIG, AIG, AIZ, L)
Below are the three companies in the Multi-line Insurance industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.
Genworth Financial ranks highest with a a beta of 1.6. Following is Hartford Financial Services with a a beta of 1.1. American International ranks third highest with a a beta of 1.1.
Assurant follows with a a beta of 1.0, and Loews rounds out the top five with a a beta of 0.9.
SmarTrend recommended that subscribers consider buying shares of Genworth Financial on March 1st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $2.23. Since that recommendation, shares of Genworth Financial have risen 32.1%. We continue to monitor Genworth Financial for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest beta genworth financial Hartford Financial Services american international assurant loews