TD Securities cut shares of Genworth MI Canada (TSE:MIC) from a buy rating to a hold rating in a research report released on Thursday morning. They currently have C$46.00 target price on the stock, up from their prior target price of C$45.00.

A number of other equities research analysts have also weighed in on MIC. National Bank Financial boosted their price objective on shares of Genworth MI Canada from C$40.00 to C$43.00 and gave the company a sector perform rating in a report on Tuesday, October 24th. CIBC downgraded shares of Genworth MI Canada from an outperform rating to a neutral rating and boosted their target price for the company from C$45.00 to C$46.00 in a research report on Monday, November 6th. Scotiabank boosted their target price on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the company a sector perform rating in a research report on Monday, November 6th. Finally, Royal Bank Of Canada downgraded shares of Genworth MI Canada from a sector perform rating to an underperform rating and boosted their target price for the company from C$40.00 to C$41.00 in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of C$44.67.

Shares of Genworth MI Canada (MIC) opened at C$42.79 on Thursday. Genworth MI Canada has a 1-year low of C$30.38 and a 1-year high of C$44.49.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th were given a $0.44 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.11%. Genworth MI Canada’s dividend payout ratio (DPR) is currently 30.24%.

In other news, insider Winsor James Macdonell sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$37.00, for a total transaction of C$296,000.00.

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About Genworth MI Canada

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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