Genworth MI Canada Inc (TSE:MIC) has received an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$41.83.

Several analysts have issued reports on MIC shares. CIBC lifted their price target on Genworth MI Canada from C$43.00 to C$45.00 in a research note on Thursday, August 3rd. TD Securities lifted their price target on Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a C$43.00 price target on shares of Genworth MI Canada in a research note on Thursday, August 3rd. Scotiabank lifted their price target on Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, National Bank Financial lifted their price target on Genworth MI Canada from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd.

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In other news, Director Brian Leo Hurley sold 90,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of C$37.20, for a total value of C$3,348,000.00. Also, insider Winsor James Macdonell sold 8,400 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$38.00, for a total value of C$319,200.00. Insiders sold a total of 122,775 shares of company stock worth $4,554,196 in the last three months.

Shares of Genworth MI Canada (MIC) traded down 0.30% on Friday, reaching $37.03. The company’s stock had a trading volume of 467,573 shares. The company has a market cap of $3.40 billion and a P/E ratio of 6.89. Genworth MI Canada has a 52-week low of $27.39 and a 52-week high of $40.00. The company has a 50 day moving average price of $36.41 and a 200 day moving average price of $35.31.

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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