Genworth MI Canada Inc (TSE:MIC) – Stock analysts at Cormark dropped their Q3 2017 earnings per share estimates for Genworth MI Canada in a research report issued to clients and investors on Wednesday. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $1.20 for the quarter, down from their prior forecast of $1.23.

A number of other research firms also recently weighed in on MIC. National Bank Financial upped their target price on Genworth MI Canada from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Tuesday. Scotiabank upped their target price on Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. CIBC upped their target price on Genworth MI Canada from C$43.00 to C$45.00 in a research report on Thursday, August 3rd. TD Securities upped their target price on Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$43.00 target price on shares of Genworth MI Canada in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Genworth MI Canada has a consensus rating of “Buy” and a consensus target price of C$42.33.

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Genworth MI Canada (TSE MIC) opened at 40.24 on Friday. Genworth MI Canada has a one year low of $27.39 and a one year high of $40.25. The company has a market capitalization of $3.70 billion and a PE ratio of 7.49. The firm’s 50 day moving average price is $37.66 and its 200-day moving average price is $35.46.

In related news, Director Cecilia Carbonelli sold 1,275 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of C$37.41, for a total transaction of C$47,697.75. Also, insider Winsor James Macdonell sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total value of C$296,000.00. Over the last 90 days, insiders have sold 122,775 shares of company stock valued at $4,554,196.

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)

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