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.
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