Insider Selling: Genworth MI Canada Inc (MIC) Insider Sells C$319,200.00 in Stock

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.

Insider Buying and Selling by Quarter for Genworth MI Canada (TSE:MIC)

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