Genworth MI Canada Inc (TSE:MIC) had its price target hoisted by Scotiabank from C$37.00 to C$39.00 in a report issued on Thursday morning. They currently have a sector perform rating on the stock.

A number of other equities analysts have also recently weighed in on MIC. National Bank Financial raised their price objective on Genworth MI Canada from C$37.00 to C$40.00 and gave the company a sector perform rating in a report on Wednesday, August 2nd. CIBC raised their price objective on Genworth MI Canada from C$43.00 to C$45.00 in a report on Thursday. TD Securities raised their price objective on Genworth MI Canada from C$43.00 to C$44.00 and gave the company a buy rating in a report on Thursday. BMO Capital Markets reissued an outperform rating and set a C$43.00 price objective on shares of Genworth MI Canada in a report on Thursday. Finally, Royal Bank Of Canada raised their price objective on Genworth MI Canada from C$38.00 to C$40.00 and gave the company a sector perform rating in a report on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Genworth MI Canada currently has a consensus rating of Buy and an average target price of C$41.83.

Shares of Genworth MI Canada (TSE:MIC) opened at 37.36 on Thursday. The company has a market capitalization of $3.44 billion and a PE ratio of 6.95. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $35.09. Genworth MI Canada has a 12-month low of $27.39 and a 12-month high of $39.00.

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

In related news, Director Neil Reginald Parkinson purchased 4,800 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were acquired at an average cost of C$31.36 per share, with a total value of C$150,528.00. Also, Director Stuart Kendrick Levings purchased 1,552 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was bought at an average cost of C$32.21 per share, for a total transaction of C$49,989.92. Over the last three months, insiders have purchased 7,816 shares of company stock worth $250,543.

Genworth MI Canada Company Profile

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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