Genworth MI Canada Inc (TSE:MIC) – Cormark dropped their Q3 2018 earnings estimates for Genworth MI Canada in a report released on Thursday. Cormark analyst J. Fenwick now expects that the company will earn $1.07 per share for the quarter, down from their previous estimate of $1.08. Cormark also issued estimates for Genworth MI Canada’s Q4 2018 earnings at $1.05 EPS and FY2018 earnings at $4.33 EPS.

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Several other equities research analysts have also issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a C$41.00 price target on shares of Genworth MI Canada in a research report on Thursday, May 4th. TD Securities reissued a “buy” rating and set a C$43.00 price target on shares of Genworth MI Canada in a research report on Thursday, May 4th. CIBC upped their price target on Genworth MI Canada from C$40.00 to C$43.00 in a research report on Thursday, May 4th. National Bank Financial reissued a “sector perform” rating and set a C$36.00 price target on shares of Genworth MI Canada in a research report on Tuesday, May 2nd. Finally, Scotiabank reissued a “sector perform” rating and set a C$37.00 price target on shares of Genworth MI Canada in a research report on Wednesday, May 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Genworth MI Canada has an average rating of “Buy” and an average target price of C$41.83.

Shares of Genworth MI Canada (MIC) traded up 1.05% during trading on Friday, hitting $37.36. 205,681 shares of the stock were exchanged. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $35.09. Genworth MI Canada has a one year low of $27.39 and a one year high of $39.00. The stock has a market cap of $3.44 billion and a PE ratio of 6.95.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 30th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, August 11th.

In related news, Director Stuart Kendrick Levings bought 1,464 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were purchased at an average cost of C$34.17 per share, with a total value of C$50,024.88. Also, Director Neil Reginald Parkinson bought 4,800 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of C$31.36 per share, for a total transaction of C$150,528.00. Insiders acquired 7,816 shares of company stock worth $250,543 over the last ninety days.

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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