Genworth MI Canada Inc (TSE:MIC) Director Brian Leo Hurley sold 90,000 shares of Genworth MI Canada stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of C$37.20, for a total transaction of C$3,348,000.00.

Genworth MI Canada Inc (MIC) opened at 37.73 on Wednesday. The company’s 50-day moving average is $35.54 and its 200-day moving average is $35.15. The firm has a market capitalization of $3.47 billion and a P/E ratio of 7.02. Genworth MI Canada Inc has a one year low of $27.39 and a one year high of $40.00.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 30th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend 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 company 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 company a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and issued 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 company 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 assigned a buy rating to the company. Genworth MI Canada presently has a consensus rating of “Buy” and an average target price of C$41.83.

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.

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

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