Genworth MI Canada Inc (TSE:MIC) had its price target lifted by National Bank Financial from C$37.00 to C$40.00 in a research note issued to investors on Wednesday, August 2nd. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s Q4 2017 earnings at $1.09 EPS.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada boosted their price target on shares of Genworth MI Canada from C$38.00 to C$40.00 and gave the stock a sector perform rating in a research report on Wednesday, August 2nd. Scotiabank restated a sector perform rating and issued a C$37.00 price target on shares of Genworth MI Canada in a research report on Wednesday, May 3rd. CIBC boosted their price objective on shares of Genworth MI Canada from C$40.00 to C$43.00 in a research report on Thursday, May 4th. TD Securities reiterated a buy rating and set a C$43.00 price objective on shares of Genworth MI Canada in a research report on Thursday, May 4th. Finally, BMO Capital Markets reiterated an outperform rating and set a C$41.00 price objective on shares of Genworth MI Canada in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Genworth MI Canada currently has an average rating of Buy and an average target price of C$41.83.

Shares of Genworth MI Canada (TSE:MIC) traded down 0.41% during mid-day trading on Wednesday, hitting $36.13. 152,866 shares of the company’s stock traded hands. The company has a market cap of $3.32 billion and a PE ratio of 6.72. The firm has a 50-day moving average of $35.96 and a 200 day moving average of $35.29. Genworth MI Canada has a 52 week low of $27.39 and a 52 week high of $40.00.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Friday, August 11th.

In other news, insider Winsor James Macdonell sold 8,400 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$38.00, for a total transaction of C$319,200.00. Also, Director Stuart Kendrick Levings acquired 1,552 shares of the business’s stock in a transaction dated 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.

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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