Genworth MI Canada Inc (TSE:MIC) Director Brian Leo Hurley sold 78,700 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of C$41.38, for a total value of C$3,256,606.00.
Shares of Genworth MI Canada Inc (MIC) opened at C$40.95 on Monday. Genworth MI Canada Inc has a 52-week low of C$30.38 and a 52-week high of C$44.49. The company has a market cap of $3,720.00, a PE ratio of 7.12 and a beta of 1.64.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 4.59%. This is a positive change from Genworth MI Canada’s previous quarterly dividend of $0.44. Genworth MI Canada’s dividend payout ratio is presently 31.13%.
A number of equities analysts have weighed in on the company. Scotiabank boosted their target price on Genworth MI Canada from C$44.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. BMO Capital Markets upped their price target on shares of Genworth MI Canada from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. National Bank Financial upped their price target on shares of Genworth MI Canada from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada upped 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 research report on Wednesday, February 7th. Finally, TD Securities lowered shares of Genworth MI Canada from a “buy” rating to a “hold” rating and upped their price target for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$46.50.
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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.
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