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.
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