Genworth MI Canada Inc (TSE:MIC) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$41.83.

MIC has been the topic of several recent analyst reports. TD Securities boosted their price target on Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. CIBC boosted their price target on Genworth MI Canada from C$43.00 to C$45.00 in a research note on Thursday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a C$43.00 price target on shares of Genworth MI Canada in a research note on Thursday, August 3rd. Scotiabank boosted their price target on Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, National Bank Financial reissued a “sector perform” rating and issued a C$36.00 price target on shares of Genworth MI Canada in a research note on Tuesday, May 2nd.

In other news, Director Brian Leo Hurley sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of C$37.20, for a total transaction of C$3,348,000.00. Also, Director Neil Reginald Parkinson bought 4,800 shares of the stock in a transaction dated Friday, June 2nd. The shares were purchased at an average cost of C$31.36 per share, for a total transaction of C$150,528.00.

Shares of Genworth MI Canada (MIC) traded down 0.41% during mid-day trading on Friday, hitting $36.13. 152,866 shares of the company were exchanged. Genworth MI Canada has a 12-month low of $27.39 and a 12-month high of $40.00. The firm has a 50 day moving average of $35.96 and a 200 day moving average of $35.29. The company has a market capitalization of $3.32 billion and a price-to-earnings ratio of 6.72.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 30th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.87%. The ex-dividend date is Friday, August 11th.

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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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