Genworth MI Canada Inc (MIC) Director Brian Leo Hurley Sells 78,700 Shares

Genworth MI Canada Inc (TSE:MIC) Director Brian Leo Hurley sold 78,700 shares of the firm’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.

Genworth MI Canada Inc (MIC) traded down C$0.02 during trading on Friday, hitting C$40.95. The stock had a trading volume of 116,400 shares, compared to its average volume of 182,957. The stock has a market cap of $3,720.00, a P/E ratio of 7.12 and a beta of 1.64. Genworth MI Canada Inc has a 52 week low of C$30.38 and a 52 week high of C$44.49.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.59%. This is an increase from Genworth MI Canada’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, February 15th. Genworth MI Canada’s dividend payout ratio (DPR) is 31.13%.

A number of analysts have issued reports on the company. Scotiabank raised their price target on Genworth MI Canada from C$44.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. BMO Capital Markets raised their price objective on Genworth MI Canada from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. National Bank Financial raised their price objective on Genworth MI Canada from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on Genworth MI Canada from C$41.00 to C$42.00 and gave the stock an “underperform” rating in a report on Wednesday, February 7th. Finally, TD Securities downgraded Genworth MI Canada from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$45.00 to C$46.00 in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target 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.

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

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