Genworth MI Canada (MIC) Downgraded by TD Securities

TD Securities downgraded shares of Genworth MI Canada (TSE:MIC) from a buy rating to a hold rating in a research note released on Thursday. TD Securities currently has C$46.00 price target on the stock, up from their prior price target of C$45.00.

A number of other equities research analysts have also recently commented on MIC. National Bank Financial increased their price target on Genworth MI Canada from C$46.00 to C$48.00 and gave the company an outperform rating in a research note on Thursday. Royal Bank Of Canada cut Genworth MI Canada from a sector perform rating to an underperform rating and increased their price target for the company from C$40.00 to C$41.00 in a research note on Monday, November 6th. Scotiabank increased their price target on Genworth MI Canada from C$40.00 to C$44.00 and gave the company a sector perform rating in a research note on Monday, November 6th. Finally, CIBC cut Genworth MI Canada from an outperform rating to a neutral rating and increased their price target 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 assigned a hold rating and two have issued a buy rating to the company. Genworth MI Canada has an average rating of Hold and a consensus price target of C$44.67.

Shares of Genworth MI Canada (TSE:MIC) opened at C$42.79 on Thursday. Genworth MI Canada has a 12 month low of C$30.38 and a 12 month high of C$44.49.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, November 14th. Genworth MI Canada’s dividend payout ratio is presently 30.24%.

In other news, insider Winsor James Macdonell sold 8,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total value of C$296,000.00.

WARNING: This news story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/12/10/genworth-mi-canada-mic-downgraded-by-td-securities.html.

Genworth MI Canada Company Profile

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.

Analyst Recommendations 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.

Latest News

Leave a Reply