Genworth MI Canada (MIC) Reaches New 12-Month Low at $39.40

Shares of Genworth MI Canada Inc (TSE:MIC) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$39.40 and last traded at C$40.05, with a volume of 90874 shares traded. The stock had previously closed at C$39.91.

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Genworth MI Canada from C$50.00 to C$51.00 in a research report on Thursday, August 2nd. CIBC raised their price objective on shares of Genworth MI Canada from C$46.00 to C$48.50 in a report on Wednesday, August 1st. Finally, National Bank Financial raised their price objective on shares of Genworth MI Canada from C$50.00 to C$51.00 and gave the stock a “c$45.25” rating in a report on Monday, July 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Genworth MI Canada presently has a consensus rating of “Hold” and a consensus price target of C$48.08.

Genworth MI Canada (TSE:MIC) last released its quarterly earnings data on Tuesday, July 31st. The company reported C$1.31 EPS for the quarter, topping analysts’ consensus estimates of C$1.21 by C$0.10. The company had revenue of C$171.27 million during the quarter, compared to the consensus estimate of C$172.00 million. Genworth MI Canada had a net margin of 70.53% and a return on equity of 13.53%.

In other news, Director Cecilia Carbonelli sold 2,529 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of C$43.75, for a total transaction of C$110,643.75.

About Genworth MI Canada (TSE:MIC)

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