Genworth MI Canada Inc (TSE:MIC) – National Bank Financial upped their Q3 2017 earnings estimates for Genworth MI Canada in a research report issued on Monday. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $1.12 per share for the quarter, up from their prior forecast of $1.02. National Bank Financial has a “Sector Perform” rating and a $43.00 price objective on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s Q4 2017 earnings at $1.13 EPS, FY2017 earnings at $4.77 EPS, FY2018 earnings at $4.57 EPS and FY2019 earnings at $5.05 EPS.

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Other analysts have also recently issued research reports about the company. TD Securities increased their price objective on Genworth MI Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets reissued an “outperform” rating and set a C$43.00 price objective on shares of Genworth MI Canada in a report on Thursday, August 3rd. Royal Bank Of Canada increased their price objective on Genworth MI Canada from C$38.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Scotiabank increased their price objective on Genworth MI Canada from C$37.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Thursday, August 3rd. Finally, CIBC increased their price objective on Genworth MI Canada from C$43.00 to C$45.00 in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$42.33.

Genworth MI Canada (MIC) opened at 39.92 on Wednesday. Genworth MI Canada has a 1-year low of $27.39 and a 1-year high of $40.00. The firm has a market cap of $3.67 billion and a P/E ratio of 7.43. The company has a 50-day moving average price of $37.53 and a 200-day moving average price of $35.43.

In other Genworth MI Canada news, insider Winsor James Macdonell sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total value of C$296,000.00. Also, Director Cecilia Carbonelli sold 1,275 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$37.41, for a total value of C$47,697.75. Insiders have sold a total of 122,775 shares of company stock worth $4,554,196 in the last three months.

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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