Genworth MI Canada Inc (TSE:MIC) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$44.67.

Several equities analysts recently commented on the company. National Bank Financial raised Genworth MI Canada from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$43.00 to C$46.00 in a research report on Thursday, November 2nd. TD Securities lowered Genworth MI Canada from a “buy” rating to a “hold” rating and upped their target price for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Royal Bank of Canada lowered Genworth MI Canada from a “sector perform” rating to an “underperform” rating and upped their target price for the company from C$40.00 to C$41.00 in a research report on Monday, November 6th. Scotiabank boosted their price target on Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a report on Monday, November 6th. Finally, CIBC downgraded Genworth MI Canada from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from C$45.00 to C$46.00 in a research note on Monday, November 6th.

Shares of Genworth MI Canada (TSE MIC) traded up C$0.05 during mid-day trading on Friday, hitting C$42.94. The stock had a trading volume of 230,538 shares, compared to its average volume of 217,259. Genworth MI Canada has a twelve month low of C$30.38 and a twelve month high of C$44.49.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th were given a $0.44 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.10%. Genworth MI Canada’s dividend payout ratio is currently 30.24%.

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About Genworth MI Canada

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)

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