Genworth MI Canada (TSE:MIC) Stock Price Up 0.1%

Genworth MI Canada Inc (TSE:MIC) shares rose 0.1% on Monday . The company traded as high as C$42.56 and last traded at C$42.51. Approximately 29,542 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 181,722 shares. The stock had previously closed at C$42.47.

MIC has been the topic of a number of recent analyst reports. National Bank Financial raised their price objective on Genworth MI Canada from C$51.00 to C$53.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada raised their price objective on Genworth MI Canada from C$47.00 to C$48.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Genworth MI Canada currently has a consensus rating of “Hold” and a consensus price target of C$49.60.

The company’s 50 day moving average is C$41.64. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 11.23. The company has a market capitalization of $3.72 billion and a price-to-earnings ratio of 9.02.

Genworth MI Canada (TSE:MIC) last issued its quarterly earnings data on Tuesday, April 30th. The company reported C$1.35 earnings per share for the quarter. The company had revenue of C$168.54 million during the quarter. As a group, equities research analysts forecast that Genworth MI Canada Inc will post 5.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 29th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Thursday, May 9th. Genworth MI Canada’s dividend payout ratio is currently 41.57%.

In other Genworth MI Canada news, Senior Officer Philip Adrian Virgil Mayers sold 6,400 shares of Genworth MI Canada stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$41.95, for a total value of C$268,480.00. Following the transaction, the insider now directly owns 20,912 shares of the company’s stock, valued at approximately C$877,258.40.

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Genworth MI Canada Company Profile (TSE:MIC)

Genworth MI Canada Inc, through its subsidiaries, operates as a private residential mortgage insurer in Canada. It provides mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. The company was founded in 1995 and is headquartered in Oakville, Canada.

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