Sagen MI Canada (GMICF) Stock Price, News & Analysis

Company Overview

Sagen MI Canada (OTCMKTS:GMICF) is a leading provider of mortgage default insurance in Canada, offering protection to lenders and homebuyers against borrower default on residential mortgage loans. The company’s core services include borrower-paid and lender-paid mortgage insurance for down payments below 20%, and a suite of credit risk transfer solutions that enable financial institutions to manage and optimize capital requirements. Operating nationwide, Sagen partners with banks, credit unions and other mortgage lenders to facilitate access to homeownership while maintaining stability in the Canadian housing finance market.

Since its founding in 1997 as the Canadian mortgage insurance arm of Genworth Financial, the company has grown to serve all provinces and territories, adapting its product offerings to evolving market conditions and regulatory standards. In 2021, the business was acquired by an investment consortium led by Brookfield Asset Management and the Ontario Teachers’ Pension Plan and rebranded as Sagen MI Canada. This transition ushered in advanced digital platforms, enhanced data analytics and streamlined underwriting processes designed to improve service delivery and speed to market.

In addition to its traditional mortgage insurance lines, Sagen MI Canada offers reinsurance partnerships, credit portfolio monitoring and capital markets solutions that help lenders diversify risk and maintain compliance with guidelines set by the Office of the Superintendent of Financial Institutions (OSFI). The company’s technology-driven approach leverages predictive modeling and proprietary scorecards to assess borrower risk, monitor portfolio performance and support sustainable lending practices across Canada’s diverse real estate markets.

Under the leadership of President and Chief Executive Officer Jean-Yves Mercier, Sagen MI Canada continues to invest in digital innovation, customer education and corporate governance. The executive team and board of directors prioritize regulatory engagement, market transparency and operational excellence, positioning the company as a strategic ally for mortgage lenders and a trusted enabler of homeownership in Canada.

Key Stats

• Today's Range: $34.70 to $34.75
• 50-Day Range: $34.70 to $34.70
• 52-Week Range: $19.09 to $34.92
• Volume: 3,500 shs
• Average Volume: 1,219 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

GMICF Stock Analysis - Frequently Asked Questions

How have GMICF shares performed this year?

Sagen MI Canada's stock was trading at $34.70 at the start of the year. Since then, GMICF shares have increased by 0.0% and is now trading at $34.70.

How do I buy shares of Sagen MI Canada?

Shares of GMICF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Finance
• Industry: Insurance - Specialty
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:GMICF
• CIK: N/A
• Web: www.genworth.ca
• Phone: (905) 287-5300
• Fax: N/A
• Employees: 260
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A