Magna International Inc. (MG) Insider Sells C$6,418,437.88 in Stock

Magna International Inc. (TSE:MG) (NYSE:MGA) insider Francis Seguin sold 75,886 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of C$84.58, for a total value of C$6,418,437.88.

Shares of TSE MG opened at C$86.14 on Friday. Magna International Inc. has a twelve month low of C$57.12 and a twelve month high of C$86.64.

Magna International (TSE:MG) (NYSE:MGA) last announced its quarterly earnings results on Thursday, May 10th. The company reported C$2.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.10 by C$0.23. The firm had revenue of C$13.64 billion for the quarter, compared to the consensus estimate of C$12.69 billion. Magna International had a return on equity of 19.24% and a net margin of 5.28%.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 25th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, May 24th.

Magna International Company Profile

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers body systems, including exterior sheetmetal and closure systems, body structure systems, and energy management solutions; chassis systems, such as frames and chassis subframes, suspension links and arms, and chassis modules; and engineering services comprising support, program management, virtual tool, prototype build and validation, testing, and research and development services.

Insider Buying and Selling by Quarter for Magna International (TSE:MG)

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