Genworth MI Canada Inc (TSE:MIC) – Analysts at Cormark raised their Q3 2017 EPS estimates for Genworth MI Canada in a note issued to investors on Thursday. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $1.23 per share for the quarter, up from their previous estimate of $1.09. Cormark also issued estimates for Genworth MI Canada’s Q4 2017 earnings at $1.18 EPS.

A number of other equities analysts also recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a C$41.00 price objective on shares of Genworth MI Canada in a report on Thursday, May 4th. TD Securities restated a “buy” rating and issued a C$43.00 price objective on shares of Genworth MI Canada in a report on Thursday, May 4th. CIBC increased their price objective on Genworth MI Canada from C$40.00 to C$43.00 in a report on Thursday, May 4th. National Bank Financial restated a “sector perform” rating and issued a C$36.00 price objective on shares of Genworth MI Canada in a report on Tuesday, May 2nd. Finally, Scotiabank restated a “sector perform” rating and issued a C$37.00 price objective on shares of Genworth MI Canada in a report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$41.83.

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Shares of Genworth MI Canada (TSE:MIC) opened at 37.36 on Monday. Genworth MI Canada has a 1-year low of $27.39 and a 1-year high of $39.00. The firm’s 50-day moving average is $35.15 and its 200 day moving average is $35.09. The stock has a market capitalization of $3.44 billion and a P/E ratio of 6.95.

In related news, Director Neil Reginald Parkinson purchased 4,800 shares of the stock in a transaction on Friday, June 2nd. The shares were bought 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 1,552 shares of the stock in a transaction on Thursday, May 18th. The shares were bought at an average price of C$32.21 per share, for a total transaction of C$49,989.92. Insiders purchased 7,816 shares of company stock worth $250,543 in the last 90 days.

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

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.

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

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