Genworth MI Canada Inc (TSE:MIC) Director Brian Leo Hurley Sells 90,000 Shares
Genworth MI Canada Inc (TSE:MIC) Director Brian Leo Hurley sold 90,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of C$37.20, for a total transaction of C$3,348,000.00.
Genworth MI Canada Inc (TSE:MIC) traded up 0.99% on Tuesday, hitting $37.73. 218,981 shares of the company were exchanged. The stock’s 50-day moving average price is $35.15 and its 200-day moving average price is $35.09. The stock has a market capitalization of $3.47 billion and a P/E ratio of 7.02. Genworth MI Canada Inc has a 52-week low of $27.39 and a 52-week high of $39.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 30th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, August 11th.
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A number of equities research analysts have issued reports on the stock. National Bank Financial increased their price objective on shares of Genworth MI Canada from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. TD Securities increased their price objective on shares of Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a C$43.00 target price on shares of Genworth MI Canada in a report on Thursday, August 3rd. Scotiabank raised their target price on shares of Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a report on Thursday, August 3rd. Finally, CIBC raised their target price on shares of Genworth MI Canada from C$43.00 to C$45.00 in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target 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.
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