Insider Selling: Genworth MI Canada Inc (MIC) Director Sells 433 Shares of Stock

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

Shares of Genworth MI Canada Inc (TSE:MIC) traded up C$0.13 during trading hours on Thursday, hitting C$41.60. The stock had a trading volume of 4,480 shares, compared to its average volume of 183,819. Genworth MI Canada Inc has a twelve month low of C$30.38 and a twelve month high of C$44.49. The stock has a market cap of $3,760.00, a P/E ratio of 7.21 and a beta of 1.64.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a $0.47 dividend. The ex-dividend date is Thursday, February 15th. This is an increase from Genworth MI Canada’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.52%. Genworth MI Canada’s dividend payout ratio (DPR) is currently 31.13%.

A number of research analysts have recently issued reports on MIC shares. National Bank Financial lifted their price target on Genworth MI Canada from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a report on Tuesday, October 24th. Scotiabank lifted 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. CIBC downgraded Genworth MI Canada from an “outperform” rating to a “neutral” rating and lifted their price target for the company from C$45.00 to C$46.00 in a report on Monday, November 6th. BMO Capital Markets lifted their price target on Genworth MI Canada from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, TD Securities downgraded Genworth MI Canada from a “buy” rating to a “hold” rating and lifted their price target for the company from C$45.00 to C$46.00 in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average 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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