Genworth MI Canada (TSE:MIC) had its price objective boosted by Royal Bank of Canada from C$41.00 to C$42.00 in a research note released on Wednesday. The brokerage currently has an underperform rating on the stock.

A number of other equities research analysts have also commented on the company. National Bank Financial raised Genworth MI Canada from a sector perform rating to an outperform rating and increased their price target for the company from C$43.00 to C$46.00 in a research report on Thursday, November 2nd. TD Securities lowered Genworth MI Canada from a buy rating to a hold rating and increased their price target for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Scotiabank increased their price target 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, November 6th. Finally, CIBC lowered Genworth MI Canada from an outperform rating to a neutral rating and increased their price target for the company from C$45.00 to C$46.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of C$46.50.

Shares of Genworth MI Canada (TSE MIC) opened at C$40.95 on Wednesday. The company has a market capitalization of $3,720.00, a price-to-earnings ratio of 7.12 and a beta of 1.64. Genworth MI Canada has a 12-month low of C$30.38 and a 12-month high of C$44.49.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, February 15th. This is a positive change from Genworth MI Canada’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 4.59%. Genworth MI Canada’s dividend payout ratio (DPR) is currently 31.13%.

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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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