BMO Capital Markets restated their outperform rating on shares of Genworth MI Canada Inc (TSE:MIC) in a research report sent to investors on Thursday morning. The firm currently has a C$43.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on MIC. National Bank Financial boosted their price objective on shares of Genworth MI Canada from C$37.00 to C$40.00 and gave the company a sector perform rating in a research report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Genworth MI Canada from C$38.00 to C$40.00 and gave the company a sector perform rating in a research report on Wednesday. Scotiabank reaffirmed a sector perform rating and set a C$37.00 price objective on shares of Genworth MI Canada in a research report on Wednesday, May 3rd. CIBC boosted their price objective on shares of Genworth MI Canada from C$40.00 to C$43.00 in a research report on Thursday, May 4th. Finally, TD Securities reaffirmed a buy rating and set a C$43.00 price objective on shares of Genworth MI Canada in a research report on Thursday, May 4th. Three 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 target price of C$41.83.

Shares of Genworth MI Canada (MIC) opened at 37.36 on Thursday. The firm has a market cap of $3.44 billion and a P/E ratio of 6.95. The stock’s 50 day moving average is $35.15 and its 200 day moving average is $35.09. Genworth MI Canada has a 52 week low of $27.39 and a 52 week high of $39.00.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 30th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, August 11th.

In other news, Director Stuart Kendrick Levings bought 1,464 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was purchased at an average price of C$34.17 per share, for a total transaction of C$50,024.88. Also, Director Neil Reginald Parkinson bought 4,800 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average price of C$31.36 per share, with a total value of C$150,528.00. In the last ninety days, insiders have purchased 7,816 shares of company stock valued at $250,543.

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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