Shares of Genworth MI Canada Inc (TSE:MIC) reached a new 52-week high during trading on Tuesday . The company traded as high as C$42.22 and last traded at C$42.20, with a volume of 232562 shares trading hands. The stock had previously closed at C$41.56.
A number of analysts have commented on the stock. Royal Bank of Canada upgraded shares of Genworth MI Canada from an “underperform” rating to a “sector perform” rating and set a C$42.00 price objective for the company in a report on Monday, April 23rd. National Bank Financial increased their price objective on shares of Genworth MI Canada from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, May 2nd. Finally, Scotiabank increased their price objective on shares of Genworth MI Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, May 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$47.33.
Genworth MI Canada (TSE:MIC) last announced its quarterly earnings results on Tuesday, May 1st. The company reported C$1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.09 by C$0.22. The business had revenue of C$171.00 million during the quarter. Genworth MI Canada had a net margin of 70.53% and a return on equity of 13.53%.
In related news, insider Philip Adrian Virgil Mayers sold 15,000 shares of the stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of C$41.85, for a total transaction of C$627,750.00. Also, insider Winsor James Macdonell sold 7,200 shares of the stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of C$41.90, for a total transaction of C$301,680.00. Insiders have sold a total of 42,005 shares of company stock valued at $1,757,620 in the last 90 days.
About Genworth MI Canada
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