Coverage Initiated on Financial Stocks Genworth MI Canada, Element Financial, Canaccord Genuity, and Industrial Alliance Insurance and Financial Services

LONDON, UK / ACCESSWIRE / August 1, 2016 / Active Wall St. announces the list of stocks for today’s coverage. Pre-market the Active Wall St. team provides the technical notes impacting selected stocks trading on the Toronto Exchange and belonging under the Financials sector. Companies recently under review include Genworth MI Canada, Element Financial, Canaccord Genuity, and Industrial Alliance Insurance and Financial Services. Get all of our research notes free by signing up at: http://www.activewallst.com/register/.

On Friday, July 29, 2016, the TSX Composite Index edged 0.21% higher, to finish at 14,582.74. The financial index, on the other hand, closed the day at 248.44, down 0.24%.

Active Wall St. has initiated coverage on the following equities: Genworth MI Canada Inc. (TSX: MIC), Element Financial Corporation (TSX: EFN), Canaccord Genuity Group Inc. (TSX: CF), and Industrial Alliance Insurance and Financial Services Inc. (TSX: IAG). Register with us now for your free membership and more at: http://www.activewallst.com/register/.

Genworth MI Canada Inc. (TSX: MIC)

Oakville, Canada headquartered Genworth MI Canada Inc.’s stock finished Friday’s session 0.35% higher at $34.87 with a total volume of 81,251 shares traded. Over the last one month and the previous three months, Genworth MI Canada’s shares have advanced 5.22% and 5.09%, respectively. Furthermore, the stock has gained 12.67% in the past one year. The Company’s shares are trading above its 50-day and 200-day moving averages. Genworth MI Canada’s 50-day moving average of $33.58 is above its 200-day moving average of $30.39. Shares of the Company, which through its subsidiaries, operates as a private residential mortgage insurer in Canada, traded at a PE ratio of 8.52. See our notes on MIC.TO at: http://www.activewallst.com/registration-3/?symbol=MIC.

Element Financial Corporation (TSX: EFN)

Toronto, Canada headquartered independent financial services company, Element Financial Corp.’s stock advanced 1.30%, to close the day at $14.02. The stock recorded a trading volume of 1.30 million shares. Element Financial’s shares have advanced 2.34% in the last one month. The company’s shares are trading below their 50-day and 200-day moving averages. The stock’s 200-day moving average of $14.46 is greater than its 50-day moving average of $14.22. Shares of the Company, which originates, co-invests in, and manages asset based financings and related service programs in Canada and the U.S., traded at a PE ratio of 24.73. The complimentary notes on EFN.TO at: http://www.activewallst.com/registration-3/?symbol=EFN.

Canaccord Genuity Group Inc. (TSX: CF)

On Friday, shares in Vancouver, Canada headquartered independent and full-service financial services company, Canaccord Genuity Group Inc., ended the session 0.42% higher at $4.73 with a total volume of 79,379 shares traded. Shares in Canaccord Genuity Group, which provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients, have gained 15.93% in the previous three months. The stock is trading above its 200-day moving average. The company’s 50-day moving average of $4.78 is greater than its 200-day moving average of $4.29. Register for free and access the latest notes on CF.TO at: http://www.activewallst.com/registration-3/?symbol=CF.

Industrial Alliance Insurance and Financial Services Inc. (TSX: IAG)

On Friday, shares in Quebec City, Canada headquartered Industrial Alliance Insurance and Financial Services Inc. recorded a trading volume of 84,419 shares. The stock ended the day 1.23% lower at $42.50. Industrial Alliance Insurance and Financial Services’ stock has advanced 4.65% in the last one month and 2.19% in the previous three months. Shares of the Company, which does business as iA Financial Group, primarily provides various life and health insurance products in Canada, are trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $41.48 is above its 200-day moving average of $40.19. The Company’s shares traded at a PE ratio of 12.14. Get free access to your notes on IAG.TO at: http://www.activewallst.com/registration-3/?symbol=IAG.

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