Insider Selling: Genworth MI Canada Inc (MIC) Director Sells 78,700 Shares of Stock

Genworth MI Canada Inc (TSE:MIC) Director Brian Leo Hurley sold 78,700 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of C$41.38, for a total value of C$3,256,606.00.

Genworth MI Canada Inc (TSE:MIC) traded down C$0.49 during trading hours on Friday, hitting C$40.95. The company’s stock had a trading volume of 116,374 shares, compared to its average volume of 184,154. The firm has a market cap of $3,760.00, a price-to-earnings ratio of 7.12 and a beta of 1.64. Genworth MI Canada Inc has a 52-week low of C$30.38 and a 52-week high of C$44.49.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be given 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 is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 4.59%. Genworth MI Canada’s payout ratio is 31.13%.

Several research analysts have weighed in on MIC shares. National Bank Financial boosted their price target on Genworth MI Canada from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 24th. CIBC lowered Genworth MI Canada from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. Scotiabank boosted their price target on Genworth MI Canada from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th. Royal Bank of Canada lowered Genworth MI Canada from a “sector perform” rating to an “underperform” rating and boosted their price target for the stock from C$40.00 to C$41.00 in a research report on Monday, November 6th. Finally, TD Securities lowered Genworth MI Canada from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$45.00 to C$46.00 in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Genworth MI Canada has a consensus rating of “Hold” and an average target price 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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