Genworth MI Canada Inc (TSE:MIC) – Equities research analysts at National Bank Financial issued their Q1 2018 earnings per share estimates for shares of Genworth MI Canada in a research note issued on Wednesday. National Bank Financial analyst J. Gloyn anticipates that the company will post earnings of $1.09 per share for the quarter. National Bank Financial has a “Outperform” rating and a $49.00 price target 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.
Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Genworth MI Canada from C$41.00 to C$42.00 and gave the company an “underperform” rating in a report on Wednesday, February 7th. Scotiabank increased their price target on shares of Genworth MI Canada from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. TD Securities cut shares of Genworth MI Canada from a “buy” rating to a “hold” rating and increased their price objective for the company from C$45.00 to C$46.00 in a research note on Thursday, December 7th. BMO Capital Markets increased their price objective on shares of Genworth MI Canada from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, CIBC cut shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$45.00 to C$46.00 in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$46.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.54%. This is a boost from Genworth MI Canada’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, February 15th. Genworth MI Canada’s dividend payout ratio is presently 31.13%.
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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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