Genworth MI Canada Inc (TSE:MIC) insider Winsor James Macdonell sold 8,400 shares of Genworth MI Canada stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of C$38.00, for a total transaction of C$319,200.00.
Genworth MI Canada Inc (MIC) opened at 36.13 on Friday. Genworth MI Canada Inc has a 12 month low of $27.39 and a 12 month high of $40.00. The stock has a market cap of $3.32 billion and a PE ratio of 6.72. The company’s 50 day moving average is $35.96 and its 200 day moving average is $35.29.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 30th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.87%. The ex-dividend date is Friday, August 11th.
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A number of analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Genworth MI Canada from C$37.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Thursday, August 3rd. CIBC lifted their price objective on shares of Genworth MI Canada from C$43.00 to C$45.00 in a report on Thursday, August 3rd. TD Securities lifted their price objective on shares of Genworth MI Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a C$43.00 price objective on shares of Genworth MI Canada in a report on Thursday, August 3rd. Finally, National Bank Financial lifted their price objective on shares of Genworth MI Canada from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Genworth MI Canada has an average rating of “Buy” and an average price target of C$41.83.
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.
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