Shares of Genworth MI Canada Inc (TSE:MIC) have received an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$41.83.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Genworth MI Canada from C$38.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. National Bank Financial upped their target price 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. Scotiabank upped their target price 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. BMO Capital Markets reaffirmed an “outperform” rating and set a C$43.00 target price on shares of Genworth MI Canada in a report on Thursday, August 3rd. Finally, CIBC upped their target price on shares of Genworth MI Canada from C$43.00 to C$45.00 in a report on Thursday, August 3rd.

In related news, insider Winsor James Macdonell sold 8,400 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$38.00, for a total value of C$319,200.00. Also, Director Brian Leo Hurley sold 15,100 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$35.98, for a total transaction of C$543,298.00. Insiders have sold 114,775 shares of company stock valued at $4,258,196 in the last ninety days.

Genworth MI Canada (TSE:MIC) traded up 3.46% during trading on Wednesday, reaching $36.47. 148,387 shares of the company traded hands. Genworth MI Canada has a 52 week low of $27.39 and a 52 week high of $40.00. The company has a market capitalization of $3.35 billion and a P/E ratio of 6.78. The firm has a 50-day moving average price of $36.19 and a 200-day moving average price of $35.35.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 30th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Friday, August 11th.

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Genworth MI Canada Company Profile

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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