Genworth MI Canada Inc (TSE:MIC) Director Cecilia Carbonelli sold 1,275 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$37.41, for a total transaction of C$47,697.75.
Shares of Genworth MI Canada Inc (MIC) opened at 36.00 on Tuesday. The company’s 50-day moving average is $35.94 and its 200-day moving average is $35.34. The firm has a market cap of $3.31 billion and a price-to-earnings ratio of 6.70. Genworth MI Canada Inc has a 12 month low of $27.39 and a 12 month high of $40.00.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 30th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.89%.
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Several analysts have recently commented on MIC shares. BMO Capital Markets reiterated an “outperform” rating and issued a C$41.00 price target on shares of Genworth MI Canada in a research report on Thursday, May 4th. TD Securities reiterated a “buy” rating and issued a C$43.00 price target on shares of Genworth MI Canada in a research report on Thursday, May 4th. CIBC increased their price target on shares of Genworth MI Canada from C$40.00 to C$43.00 in a research report on Thursday, May 4th. National Bank Financial reiterated a “sector perform” rating and issued a C$36.00 price target on shares of Genworth MI Canada in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada increased their price target on shares of Genworth MI Canada from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Genworth MI Canada has a consensus rating of “Buy” and an average target price of C$41.83.
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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