Royal Bank Of Canada cut shares of Genworth MI Canada Inc (TSE:MIC) from a sector perform rating to an underperform rating in a research report report published on Monday. They currently have C$41.00 price target on the stock, up from their previous price target of C$40.00.

Several other research firms have also issued reports on MIC. National Bank Financial boosted their price target on Genworth MI Canada from C$43.00 to C$46.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Scotiabank upped their target price on 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. CIBC lowered Genworth MI Canada from an outperform rating to a neutral rating and upped their target price for the company from C$45.00 to C$46.00 in a research report on Monday. TD Securities upped 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. Finally, BMO Capital Markets reiterated 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$44.00.

Genworth MI Canada (TSE MIC) opened at C$42.50 on Monday. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 30th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Tuesday, November 14th.

In other Genworth MI Canada news, Director Brian Leo Hurley sold 15,100 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$35.98, for a total value of C$543,298.00. Also, insider Winsor James Macdonell sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$37.00, for a total value of C$296,000.00.

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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