Genworth MI Canada Inc (TSE:MIC) – Stock analysts at National Bank Financial upped their Q3 2017 earnings per share (EPS) estimates for shares of Genworth MI Canada in a report released on Monday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $1.12 per share for the quarter, up from their previous estimate of $1.02. National Bank Financial currently has a “Sector Perform” rating and a $43.00 target price on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s Q4 2017 earnings at $1.13 EPS, FY2017 earnings at $4.77 EPS, FY2018 earnings at $4.57 EPS and FY2019 earnings at $5.05 EPS.
Several other research analysts have also recently commented on MIC. Royal Bank Of Canada boosted their target price on Genworth MI Canada from C$38.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. BMO Capital Markets reissued an “outperform” rating and set a C$43.00 target price on shares of Genworth MI Canada in a research note on Thursday, August 3rd. Scotiabank boosted their target price on Genworth MI Canada from C$37.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. CIBC boosted their target price on Genworth MI Canada from C$43.00 to C$45.00 in a research note on Thursday, August 3rd. Finally, TD Securities boosted their target price on Genworth MI Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$42.33.
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Shares of Genworth MI Canada (TSE:MIC) opened at 40.24 on Wednesday. The stock has a market capitalization of $3.70 billion and a P/E ratio of 7.49. Genworth MI Canada has a one year low of $27.39 and a one year high of $40.25. The stock has a 50 day moving average of $37.66 and a 200-day moving average of $35.46.
In related news, insider Winsor James Macdonell sold 8,400 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of C$38.00, for a total transaction of C$319,200.00. Also, Director Brian Leo Hurley sold 15,100 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$35.98, for a total value of C$543,298.00. Insiders have sold a total of 122,775 shares of company stock valued at $4,554,196 over the last three months.
About Genworth MI Canada
Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.
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