Genworth MI Canada Inc (MIC) Director Timothy Scott Watson Sells 433 Shares

Genworth MI Canada Inc (TSE:MIC) Director Timothy Scott Watson sold 433 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$41.63, for a total value of C$18,025.79.

Shares of Genworth MI Canada Inc (MIC) traded down C$0.11 during mid-day trading on Tuesday, reaching C$41.29. The company had a trading volume of 33,286 shares, compared to its average volume of 188,691. The company has a market cap of $3,770.00, a price-to-earnings ratio of 7.19 and a beta of 1.64. Genworth MI Canada Inc 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 will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.88 dividend on an annualized basis and a yield of 4.55%. This is a positive change from Genworth MI Canada’s previous quarterly dividend of $0.44. Genworth MI Canada’s payout ratio is currently 31.13%.

A number of equities analysts have recently commented on the company. Scotiabank boosted 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 report on Thursday, February 8th. BMO Capital Markets boosted their price target 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 boosted their price target 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 lowered Genworth MI Canada from a “sector perform” rating to an “underperform” rating and boosted their price objective for the stock from C$40.00 to C$41.00 in a research report on Monday, November 6th. Finally, CIBC lowered Genworth MI Canada from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$46.50.

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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.

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

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