Insider Selling: Genworth MI Canada Inc (TSE:MIC) Director Sells 1,275 Shares of Stock

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.

Insider Buying and Selling by Quarter for Genworth MI Canada (TSE:MIC)

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