Genworth MI Canada Inc (TSE:MIC) – Research analysts at National Bank Financial increased their FY2017 EPS estimates for Genworth MI Canada in a note issued to investors on Wednesday. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $4.64 per share for the year, up from their prior forecast of $4.32. National Bank Financial has a “Sector Perform” rating and a $40.00 price target on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s FY2018 earnings at $4.39 EPS.

TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/07/national-bank-financial-weighs-in-on-genworth-mi-canada-incs-fy2017-earnings-mic.html.

Several other research analysts have also commented on MIC. BMO Capital Markets reissued an “outperform” rating and issued a C$41.00 price objective on shares of Genworth MI Canada in a research note on Thursday, May 4th. TD Securities reissued a “buy” rating and issued a C$43.00 price objective on shares of Genworth MI Canada in a research note on Thursday, May 4th. CIBC raised their price objective on shares of Genworth MI Canada from C$40.00 to C$43.00 in a research note on Thursday, May 4th. Scotiabank reissued a “sector perform” rating and issued a C$37.00 price objective on shares of Genworth MI Canada in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada raised their price objective on shares of Genworth MI Canada from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$41.83.

In other news, Director Stuart Kendrick Levings bought 1,552 shares of Genworth MI Canada stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average price of C$32.21 per share, with a total value of C$49,989.92. Also, Director Neil Reginald Parkinson bought 4,800 shares of Genworth MI Canada stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average cost of C$31.36 per share, for a total transaction of C$150,528.00. In the last three months, insiders bought 7,816 shares of company stock valued at $250,543.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 30th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, August 11th.

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.

Earnings History and Estimates for Genworth MI Canada (TSE:MIC)

Receive News & Ratings for Genworth MI Canada Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth MI Canada Inc and related companies with MarketBeat.com's FREE daily email newsletter.