Genworth MI Canada Inc (TSE:MIC) – National Bank Financial increased their Q4 2017 earnings per share estimates for shares of Genworth MI Canada in a research report issued on Wednesday. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $1.09 for the quarter, up from their previous estimate of $1.06. National Bank Financial currently has a “Sector Perform” rating and a $40.00 target price on the stock.

ILLEGAL ACTIVITY WARNING: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.dailypolitical.com/2017/08/06/q4-2017-earnings-forecast-for-genworth-mi-canada-inc-issued-by-national-bank-financial-tsemic.html.

Other equities analysts also recently issued reports about the stock. CIBC upped their price target on shares of Genworth MI Canada from C$43.00 to C$45.00 in a report on Thursday. TD Securities reiterated a “buy” rating and set a C$43.00 price target on shares of Genworth MI Canada in a report on Thursday, May 4th. BMO Capital Markets reiterated an “outperform” rating and set a C$43.00 price target on shares of Genworth MI Canada in a report on Thursday. Scotiabank upped their price target on shares of Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Royal Bank Of Canada upped their price target on shares of Genworth MI Canada from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$41.83.

Shares of Genworth MI Canada (TSE:MIC) opened at 37.36 on Friday. The stock’s 50 day moving average is $35.15 and its 200-day moving average is $35.09. Genworth MI Canada has a 12-month low of $27.39 and a 12-month high of $39.00. The stock has a market capitalization of $3.44 billion and a price-to-earnings ratio of 6.95.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 30th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, August 11th. This represents a $1.76 annualized dividend and a yield of 4.71%.

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)

Receive News & Ratings for Genworth MI Canada Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth MI Canada Inc and related companies with MarketBeat.com's FREE daily email newsletter.