Genworth MI Canada Inc (MIC) Stock Rating Lowered by CIBC

CIBC lowered shares of Genworth MI Canada Inc (TSE:MIC) from an outperform rating to a neutral rating in a report published on Monday morning. They currently have C$46.00 price target on the stock, up from their prior price target of C$45.00.

MIC has been the topic of several other reports. National Bank Financial lifted their price target on Genworth MI Canada from C$40.00 to C$43.00 and gave the stock a sector perform rating in a research report on Tuesday, October 24th. Scotiabank lifted their price target on Genworth MI Canada from C$37.00 to C$39.00 and gave the stock a sector perform rating in a research report on Thursday, August 3rd. Royal Bank Of Canada lifted their price target on Genworth MI Canada from C$38.00 to C$40.00 and gave the stock a sector perform rating in a research report on Wednesday, August 2nd. TD Securities lifted their price target on Genworth MI Canada from C$43.00 to C$44.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$43.00 price target on shares of Genworth MI Canada in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of C$44.00.

Genworth MI Canada (TSE:MIC) opened at C$42.33 on Monday. Genworth MI Canada has a 1 year low of C$29.38 and a 1 year high of C$44.18.

COPYRIGHT VIOLATION WARNING: “Genworth MI Canada Inc (MIC) Stock Rating Lowered by CIBC” was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/10/genworth-mi-canada-inc-mic-stock-rating-lowered-by-cibc.html.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is 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 business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total transaction of C$296,000.00. Also, Director Brian Leo Hurley sold 15,100 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$35.98, for a total value of C$543,298.00.

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