Genworth MI Canada (TSE:MIC) Shares Cross Above 200-Day Moving Average of $47.17

Genworth MI Canada Inc (TSE:MIC) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $47.17 and traded as high as $54.73. Genworth MI Canada shares last traded at $54.49, with a volume of 89,826 shares changing hands.

MIC has been the subject of a number of recent analyst reports. National Bank Financial increased their target price on shares of Genworth MI Canada from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. CIBC decreased their target price on shares of Genworth MI Canada from C$57.00 to C$56.00 in a research report on Thursday, October 31st. TD Securities decreased their target price on shares of Genworth MI Canada from C$57.00 to C$56.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their target price on shares of Genworth MI Canada from C$54.00 to C$57.00 in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$55.60.

The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 11.57. The company’s 50-day moving average price is C$52.84 and its two-hundred day moving average price is C$47.17. The company has a market cap of $4.73 billion and a P/E ratio of 12.01.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.54 per share. This is a positive change from Genworth MI Canada’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, November 7th. This represents a $2.16 annualized dividend and a dividend yield of 3.96%. Genworth MI Canada’s dividend payout ratio (DPR) is 44.94%.

In other news, Senior Officer Deborah Lynn Mcpherson sold 3,834 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$49.18, for a total transaction of C$188,556.12. Following the completion of the transaction, the insider now owns 16,150 shares in the company, valued at approximately C$794,257. Also, Senior Officer Philip Adrian Virgil Mayers sold 19,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$49.25, for a total transaction of C$935,750.00. Following the transaction, the insider now owns 21,229 shares of the company’s stock, valued at approximately C$1,045,528.25. In the last 90 days, insiders have sold 82,834 shares of company stock valued at $4,248,506.

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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