Genworth MI Canada Inc (TSE:MIC) – Investment analysts at Cormark dropped their FY2018 earnings per share estimates for Genworth MI Canada in a report issued on Thursday. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $4.47 per share for the year, down from their prior estimate of $4.64. Cormark also issued estimates for Genworth MI Canada’s FY2019 earnings at $4.42 EPS.
A number of other equities analysts have also recently issued reports on the stock. National Bank Financial raised shares of Genworth MI Canada from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$43.00 to C$46.00 in a research report on Thursday, November 2nd. TD Securities cut shares of Genworth MI Canada from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Royal Bank of Canada increased their price objective on shares of Genworth MI Canada from C$41.00 to C$42.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 7th. Scotiabank increased their price objective on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th. Finally, CIBC cut shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Genworth MI Canada has a consensus rating of “Hold” and a consensus target price of C$46.50.
Genworth MI Canada (TSE:MIC) traded up C$0.46 during mid-day trading on Monday, hitting C$41.77. 31,332 shares of the stock were exchanged, compared to its average volume of 185,574. The company has a market cap of $3,760.00, a PE ratio of 7.18 and a beta of 1.64. Genworth MI Canada has a one year low of C$30.38 and a one year high of C$44.49.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be given a $0.47 dividend. This is a boost from Genworth MI Canada’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.88 annualized dividend and a yield of 4.50%. Genworth MI Canada’s dividend payout ratio (DPR) is presently 31.13%.
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Genworth MI Canada Company Profile
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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