Genworth MI Canada Inc (MIC) Price Target Increased to C$40.00 by Analysts at National Bank Financial
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.
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