Genworth MI Canada Inc (TSE:MIC) had its price target lifted by Scotiabank from C$40.00 to C$44.00 in a research note issued to investors on Monday. They currently have a sector perform rating on the stock.

A number of other analysts have also issued reports on the company. CIBC lowered 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. National Bank Financial raised Genworth MI Canada from a sector perform rating to an outperform rating and boosted their target price for the company from C$43.00 to C$46.00 in a research report on Thursday, November 2nd. TD Securities boosted their target price on 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. BMO Capital Markets reissued an outperform rating and issued a C$43.00 target price on shares of Genworth MI Canada in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada boosted their target price on Genworth MI Canada from C$38.00 to C$40.00 and gave the company a sector perform rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Genworth MI Canada presently has a consensus rating of Hold and a consensus target price of C$44.00.

Shares of Genworth MI Canada (MIC) traded up C$0.73 during midday trading on Monday, reaching C$42.15. The company’s stock had a trading volume of 476,550 shares, compared to its average volume of 240,005. Genworth MI Canada has a 52 week low of C$28.96 and a 52 week high of C$44.18.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th will be paid a $0.44 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.76 annualized dividend and a dividend yield of 4.18%.

In related news, insider Winsor James Macdonell sold 8,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$37.00, for a total transaction of C$296,000.00. Also, Director Cecilia Carbonelli sold 1,275 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of C$37.41, for a total transaction of C$47,697.75. In the last 90 days, insiders sold 32,775 shares of company stock valued at $1,206,196.

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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