Several analysts have recently updated their ratings and price targets for Genworth MI Canada (TSE: MIC):
- 2/8/2018 – Genworth MI Canada had its price target raised by analysts at Scotiabank from C$44.00 to C$46.00. They now have a “sector perform” rating on the stock.
- 2/8/2018 – Genworth MI Canada had its price target raised by analysts at BMO Capital Markets from C$48.00 to C$50.00. They now have an “outperform” rating on the stock.
- 2/7/2018 – Genworth MI Canada had its price target raised by analysts at National Bank Financial from C$48.00 to C$49.00. They now have an “outperform” rating on the stock.
- 2/7/2018 – Genworth MI Canada had its price target raised by analysts at Royal Bank of Canada from C$41.00 to C$42.00. They now have an “underperform” rating on the stock.
Shares of Genworth MI Canada Inc (TSE MIC) traded down C$0.08 during midday trading on Tuesday, hitting C$41.32. 19,362 shares of the stock traded hands, compared to its average volume of 187,872. Genworth MI Canada Inc has a one year low of C$30.38 and a one year high of C$44.49. The stock has a market cap of $3,770.00, a PE ratio of 7.19 and a beta of 1.64.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.47 per share. This is a positive change from Genworth MI Canada’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 4.55%. Genworth MI Canada’s payout ratio is presently 31.13%.
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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