Shares of Genworth MI Canada Inc (TSE:MIC) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$41.83.

Several research analysts recently weighed in on MIC shares. 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 stock a “sector perform” rating in a research report on Wednesday, August 2nd. National Bank Financial boosted 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 research report on Wednesday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and set a C$43.00 target price on shares of Genworth MI Canada in a research report on Thursday, August 3rd. TD Securities upped their target price on shares of Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research 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 research report on Thursday, August 3rd.

In other Genworth MI Canada news, insider Winsor James Macdonell sold 8,400 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of C$38.00, for a total transaction of C$319,200.00. Also, Director Brian Leo Hurley sold 90,000 shares of the company’s stock in a transaction 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. Insiders have sold a total of 114,775 shares of company stock valued at $4,258,196 in the last quarter.

Genworth MI Canada (TSE MIC) traded up 0.03% during midday trading on Wednesday, hitting $35.60. The stock had a trading volume of 180,252 shares. The stock’s 50-day moving average is $36.10 and its 200-day moving average is $35.40. Genworth MI Canada has a one year low of $27.39 and a one year high of $40.00. The company has a market cap of $3.27 billion and a P/E ratio of 6.62.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 30th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, August 11th.

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About Genworth MI Canada

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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