Genworth MI Canada Inc (MIC) Scheduled to Post Quarterly Earnings on Tuesday
Genworth MI Canada Inc (TSE:MIC) is scheduled to announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $1.09 per share for the quarter.
Genworth MI Canada Inc (TSE MIC) traded down 1.38% during midday trading on Thursday, hitting $35.13. The company had a trading volume of 159,191 shares. The stock has a market cap of $3.23 billion and a price-to-earnings ratio of 7.42. The company’s 50 day moving average is $34.71 and its 200 day moving average is $35.01. Genworth MI Canada Inc has a 12-month low of $27.39 and a 12-month high of $39.00.
Several equities research analysts recently commented on the company. Scotiabank reissued a “sector perform” rating and set a C$37.00 target price on shares of Genworth MI Canada in a report on Wednesday, May 3rd. CIBC boosted their target price on Genworth MI Canada from C$40.00 to C$43.00 in a report on Thursday, May 4th. TD Securities reissued a “buy” rating and set a C$43.00 target price on shares of Genworth MI Canada in a report on Thursday, May 4th. BMO Capital Markets reissued an “outperform” rating and set a C$41.00 target price on shares of Genworth MI Canada in a report on Thursday, May 4th. Finally, National Bank Financial reissued a “sector perform” rating and set a C$36.00 target price on shares of Genworth MI Canada in a report on Tuesday, May 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$39.33.
In other Genworth MI Canada news, Director Neil Reginald Parkinson purchased 4,800 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of C$31.36 per share, for a total transaction of C$150,528.00. Also, Director Stuart Kendrick Levings purchased 1,464 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of C$34.17 per share, for a total transaction of C$50,024.88. In the last 90 days, insiders acquired 7,816 shares of company stock worth $250,543.
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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