Genworth MI Canada Inc (TSE:MIC) – National Bank Financial issued their Q1 2018 earnings estimates for Genworth MI Canada in a report issued on Wednesday. National Bank Financial analyst J. Gloyn forecasts that the company will earn $1.09 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $49.00 target price on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s Q3 2018 earnings at $1.26 EPS and Q4 2018 earnings at $1.29 EPS.
A number of other analysts also recently weighed in on the company. Scotiabank increased their price target on Genworth MI Canada from C$44.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets increased their price target on Genworth MI Canada from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada increased their price target on Genworth MI Canada from C$41.00 to C$42.00 and gave the stock an “underperform” rating in a report on Wednesday, February 7th. TD Securities downgraded Genworth MI Canada from a “buy” rating to a “hold” rating and increased their price target for the stock from C$45.00 to C$46.00 in a report on Thursday, December 7th. Finally, CIBC cut shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$46.50.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Genworth MI Canada’s previous quarterly dividend of $0.44. Genworth MI Canada’s dividend payout ratio is 31.13%.
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.
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