Genworth MI Canada Company Profile (TSE:MIC)

About Genworth MI Canada (TSE:MIC)

Genworth MI Canada logoGenworth 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. The Company offers both transactional and portfolio mortgage insurance. Its transactional mortgage insurance covers default risk on mortgage loans secured by residential properties to protect lenders from any resulting losses on claims. It also provides portfolio mortgage insurance to lenders for loans with loan-to-value ratios of 80% or less. Under mortgage insurance, it serves originators of residential mortgage loans, such as banks, mortgage loan and trust companies, and credit unions. It works with lenders, mortgage brokers and real estate agents across Canada to make homeownership accessible for first-time homebuyers.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: TSE:MIC
  • CUSIP: N/A
  • Web: genworth.ca/
Capitalization:
  • Market Cap: C$3.26 billion
  • Outstanding Shares: 91,947,000
Average Prices:
  • 50 Day Moving Avg: C$34.44
  • 200 Day Moving Avg: C$35.00
  • 52 Week Range: C$27.39 - C$39.00
P/E:
  • Trailing P/E Ratio: 7.48
  • P/E Growth: 15.94
Sales & Book Value:
  • Annual Revenue: C$871.22 million
  • Price / Sales: 3.74
  • Book Value: C$40.86 per share
  • Price / Book: 0.87
Dividend:
  • Dividend Yield: 5.0%
Profitability:
  • EBIDTA: C$614.72 million
  • Net Margins: 64.27%
  • Return on Equity: 11.51%
  • Return on Assets: 6.42%
Misc:
  • Average Volume: 235,849 shs.
  • Short Ratio: 13.33
 
Frequently Asked Questions for Genworth MI Canada (TSE:MIC)

What is Genworth MI Canada's stock symbol?

Genworth MI Canada trades on the Tornton Stock Exchange (TSX) under the ticker symbol "MIC."

How often does Genworth MI Canada pay dividends? What is the dividend yield for Genworth MI Canada?

Genworth MI Canada announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Friday, May 12th will be paid a dividend of 0.44 per share on Tuesday, May 30th. This represents a $1.76 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Wednesday, May 10th. View Genworth MI Canada's Dividend History.

Where is Genworth MI Canada's stock going? Where will Genworth MI Canada's stock price be in 2017?

6 equities research analysts have issued twelve-month target prices for Genworth MI Canada's stock. Their predictions range from C$36.00 to C$43.00. On average, they anticipate Genworth MI Canada's share price to reach C$39.33 in the next year. View Analyst Ratings for Genworth MI Canada.

Who are some of Genworth MI Canada's key competitors?

Who are Genworth MI Canada's key executives?

Genworth MI Canada's management team includes the folowing people:

  • Stuart Levings, President, Chief Executive Officer, Director
  • Philip Mayers, Chief Financial Officer, Senior Vice President
  • Craig Sweeney, Senior Vice President, Chief Risk Officer
  • Winsor J. Macdonell, Senior Vice President, General Counsel, Secretary
  • Deborah McPherson, Senior Vice President - Sales and Marketing
  • Scott Gorman, Senior Vice President - Operations
  • Brian L. Hurley, Executive Chairman of the Board
  • Sidney M. Horn, Lead Independent Director
  • Neil Parkinson, Director
  • Leon E. Roday, Director

How do I buy Genworth MI Canada stock?

Shares of Genworth MI Canada and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

What is Genworth MI Canada's stock price today?

One share of Genworth MI Canada stock can currently be purchased for approximately C$35.42.


MarketBeat Community Rating for Genworth MI Canada (TSE MIC)
Community Ranking:  1.5 out of 5 ( )
Outperform Votes:  118 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  389
MarketBeat's community ratings are surveys of what our community members think about Genworth MI Canada and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Genworth MI Canada (TSE:MIC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: C$39.33

Analysts' Ratings History for Genworth MI Canada (TSE:MIC)
Show:
DateFirmActionRatingPrice TargetDetails
5/4/2017TD SecuritiesReiterated RatingBuyC$43.00View Rating Details
5/4/2017CIBCBoost Price TargetC$40.00 -> C$43.00View Rating Details
5/4/2017BMO Capital MarketsReiterated RatingOutperformC$41.00View Rating Details
5/3/2017ScotiabankReiterated RatingSector PerformC$37.00View Rating Details
5/2/2017National Bank FinancialReiterated RatingSector PerformC$36.00View Rating Details
2/8/2017Royal Bank Of CanadaBoost Price TargetSector PerformC$34.00 -> C$36.00View Rating Details
(Data available from 7/25/2015 forward)

Earnings

Earnings History for Genworth MI Canada (TSE:MIC)
Earnings by Quarter for Genworth MI Canada (TSE:MIC)
Earnings History by Quarter for Genworth MI Canada (TSE MIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/29/2014$0.93$1.04$165.65 million$141.14 millionViewN/AView Earnings Details
4/29/2014$0.90$0.96$165.00 million$168.73 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Genworth MI Canada (TSE:MIC)
2017 EPS Consensus Estimate: $4.20
2018 EPS Consensus Estimate: $4.36
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$1.03$1.11$1.07
Q2 20172$1.06$1.11$1.09
Q3 20174$0.94$1.09$1.01
Q4 20173$0.99$1.06$1.03
Q1 20181$1.09$1.09$1.09
Q2 20181$1.13$1.13$1.13
Q3 20181$1.08$1.08$1.08
Q4 20181$1.06$1.06$1.06
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Genworth MI Canada (TSE MIC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/2/2017quarterly$0.445.15%5/10/20175/12/20175/30/2017
2/7/2017quarterly$0.444.77%2/15/20172/20/20173/8/2017
11/3/2016quarterly$0.446.25%11/14/201611/16/201611/25/2016
8/2/2016quarterly$0.424.86%8/10/20168/12/20168/26/2016
4/28/2016quarterly$0.425.17%5/11/20165/13/20165/27/2016
2/4/2016quarterly$0.426.72%2/11/20162/16/20163/2/2016
10/29/2015quarterly$0.425.22%11/10/201511/13/201511/27/2015
8/4/2015quarterly$0.394.92%8/13/20158/17/20158/31/2015
4/28/2015quarterly$0.394.51%5/13/20155/15/20155/29/2015
2/10/2015quarterly$0.395.03%2/19/20152/23/20153/6/2015
11/13/2014Quarterly$0.393.77%11/13/201411/28/201411/28/2014
7/29/2014quarterly$0.353.57%8/13/20148/15/20148/29/2014
5/13/2014Quarterly$0.353.64%5/13/20145/30/20145/30/2014
2/4/2014quarterly$0.354.14%2/12/20142/14/20142/28/2014
10/29/2013$0.3411/13/201311/15/201311/29/2013
10/29/2013quarterly$0.3511/15/201311/29/2013
7/31/2013quarterly$0.328/15/20138/30/2013
4/30/2013quarterly$0.325/15/20135/31/2013
4/8/2013quarterly$0.322/15/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Genworth MI Canada (TSE:MIC)
Insider Trades by Quarter for Genworth MI Canada (TSE:MIC)
Insider Trades by Quarter for Genworth MI Canada (TSE:MIC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/2/2017Neil Reginald ParkinsonDirectorBuy4,800C$31.36C$150,528.00
5/18/2017Stuart Kendrick LevingsDirectorBuy1,552C$32.21C$49,989.92
5/11/2017Stuart Kendrick LevingsDirectorBuy1,464C$34.17C$50,024.88
3/9/2017Philip Adrian Virgil MayersInsiderSell6,100C$39.00C$237,900.00
2/27/2017John Logan WalkerDirectorSell5,000C$37.79C$188,950.00
2/15/2017Stuart Kendrick LevingsDirectorBuy244C$37.49C$9,147.56
2/15/2017Winsor James MacdonellInsiderSell8,900C$37.42C$333,038.00
2/10/2017Brian Michael KellyDirectorSell1,295C$37.45C$48,497.75
2/3/2017Craig SweeneyInsiderSell487C$33.24C$16,187.88
2/22/2016Stuart Kendrick LevingsDirectorBuy490C$26.32C$12,898.76
12/8/2015Robert John PiroliInsiderSell261C$27.58C$7,198.38
6/4/2015Brian Leo HurleyDirectorSell4,900C$34.82C$170,618.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Genworth MI Canada (TSE:MIC)
Latest Headlines for Genworth MI Canada (TSE:MIC)
Source:
DateHeadline
finance.yahoo.com logoGenworth MI Canada Inc. Schedules Second Quarter 2017 Earnings Conference Call for August 2nd, 2017
finance.yahoo.com - July 20 at 1:07 AM
americanbankingnews.com logoGenworth MI Canada Inc (TSE:MIC) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - July 18 at 6:56 PM
finance.yahoo.com logoGenworth MI Canada, Inc.: Leads amongst peers with strong fundamentals
finance.yahoo.com - June 23 at 7:00 PM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - June 23 at 5:08 PM
fool.ca logo2 Top Dividend Stocks Yielding 5-7% I'd Buy Today - The Motley Fool Canada
www.fool.ca - June 14 at 9:41 AM
finance.yahoo.com logoGenworth Canada to support Habitat for Humanity's 2017 Jimmy & Rosalynn Carter Work Project in Canada
finance.yahoo.com - June 13 at 6:42 PM
finance.yahoo.com logoGenworth MI Canada Inc. Announces Annual General Meeting Voting Results
finance.yahoo.com - June 8 at 7:30 PM
finance.yahoo.com logoReport Coverage on Financials Stocks: Power Corp of Canada, Sun Life Financial, Genworth MI Canada, and Industrial Alliance Insurance and Financial Services
finance.yahoo.com - June 6 at 9:28 AM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) Director Acquires C$150,528.00 in Stock
www.americanbankingnews.com - June 2 at 4:38 PM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 29 at 4:56 PM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) Director Stuart Kendrick Levings Buys 1,552 Shares
www.americanbankingnews.com - May 19 at 10:22 AM
americanbankingnews.com logoInsider Buying: Genworth MI Canada Inc (MIC) Director Buys 1,464 Shares of Stock
www.americanbankingnews.com - May 11 at 4:28 PM
finance.yahoo.com logoGenworth MI Canada, Inc. : MIC-CA: Dividend Analysis : May 12th, 2017 (record date) : By the numbers : May 10, 2017
finance.yahoo.com - May 10 at 6:36 PM
finance.yahoo.com logoFirst-Time Homebuyers Continue to Believe Owning a Home is a Wise Financial Decision and Can Adapt to Today's Challenging Housing Market
finance.yahoo.com - May 8 at 12:35 PM
americanbankingnews.com logoCormark Equities Analysts Lower Earnings Estimates for Genworth MI Canada Inc (MIC)
www.americanbankingnews.com - May 8 at 8:20 AM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) Earns Sector Perform Rating from Scotiabank
www.americanbankingnews.com - May 7 at 10:36 PM
americanbankingnews.com logoAnalysts Set Genworth MI Canada Inc (MIC) PT at $38.17
www.americanbankingnews.com - May 5 at 11:44 PM
americanbankingnews.com logoBrokers Set Expectations for Genworth MI Canada Inc's Q1 2018 Earnings (MIC)
www.americanbankingnews.com - May 5 at 5:04 PM
americanbankingnews.com logoBMO Capital Markets Reiterates "Outperform" Rating for Genworth MI Canada Inc (MIC)
www.americanbankingnews.com - May 4 at 9:10 PM
americanbankingnews.com logoGenworth MI Canada's (MIC) Buy Rating Reiterated at TD Securities
www.americanbankingnews.com - May 4 at 9:10 PM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) PT Raised to C$43.00 at CIBC
www.americanbankingnews.com - May 4 at 9:10 PM
americanbankingnews.com logoQ2 2017 Earnings Forecast for Genworth MI Canada Inc (MIC) Issued By National Bank Financial
www.americanbankingnews.com - May 4 at 11:44 AM
fool.ca logo2 Dividend Stocks Yielding Over 5% to Buy in May
www.fool.ca - May 4 at 11:40 AM
finance.yahoo.com logoEdited Transcript of MIC.TO earnings conference call or presentation 3-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:40 AM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) Announces Quarterly Dividend of $0.44
www.americanbankingnews.com - May 3 at 6:44 PM
theglobeandmail.com logoGenworth insurance volumes to take hit in wake of Ottawa’s tougher mortgage rules
www.theglobeandmail.com - May 3 at 10:22 AM
finance.yahoo.com logoGenworth MI Canada Inc. Announces Acceptance by TSX of Normal Course Issuer Bid
finance.yahoo.com - May 3 at 10:22 AM
finance.yahoo.com logoGenworth MI Canada posts 20.5 percent rise in profit
finance.yahoo.com - May 3 at 10:22 AM
americanbankingnews.com logoEquities Analysts Offer Predictions for Genworth MI Canada Inc's Q1 2017 Earnings (MIC)
www.americanbankingnews.com - May 3 at 7:30 AM
americanbankingnews.com logoNational Bank Financial Reiterates Sector Perform Rating for Genworth MI Canada Inc (MIC)
www.americanbankingnews.com - May 3 at 1:02 AM
americanbankingnews.com logoGenworth MI Canada Inc (MIC) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 2 at 6:56 PM
finance.yahoo.com logoGenworth MI Canada Inc. Announces Common Dividend in the Second Quarter 2017 - Yahoo Finance
finance.yahoo.com - May 2 at 6:10 PM
finance.yahoo.com logoGenworth MI Canada Inc. Reports First Quarter 2017 Results
finance.yahoo.com - May 2 at 6:10 PM
finance.yahoo.com logoGenworth MI Canada Inc. Announces Common Dividend in the Second Quarter 2017
finance.yahoo.com - May 2 at 6:10 PM
finance.yahoo.com logoResearch Reports Initiated on Financials Stocks Power Corp of Canada, Sun Life ...
finance.yahoo.com - April 20 at 6:37 PM
finance.yahoo.com logoGenworth Canada commends the Ontario Government for addressing housing affordability in the Greater Golden-Horseshoe market
finance.yahoo.com - April 20 at 6:37 PM
finance.yahoo.com logoGenworth MI Canada Inc. Schedules First Quarter 2017 Earnings Conference Call for May 3rd, 2017 - Yahoo Finance
finance.yahoo.com - April 19 at 10:33 AM
finance.yahoo.com logoGenworth MI Canada Inc. Schedules First Quarter 2017 Earnings Conference Call for May 3rd, 2017
finance.yahoo.com - April 18 at 5:57 PM
finance.yahoo.com logoGenworth MI Canada, Inc. breached its 50 day moving average in a Bearish Manner : MIC-CA : April 6, 2017
finance.yahoo.com - April 7 at 11:10 AM
finance.yahoo.com logoEleven Year Old Bensen Wilmer Chosen Amongst 10,000 Entries as the Winner of Genworth Canada's 10th Annual Meaning of Home Contest in Support of Habitat for Humanity Canada
finance.yahoo.com - March 9 at 6:19 PM
finance.yahoo.com logoTwo Students from British Columbia Place Second Among 10,000 Entries in Genworth Canada's 10th Annual Meaning of Home Contest in Support of Habitat for Humanity Canada
finance.yahoo.com - March 9 at 6:19 PM
finance.yahoo.com logoTwo Newfoundland Students Place Second Among 10,000 Entries in Genworth Canada's 10th Annual Meaning of Home Contest in Support of Habitat for Humanity Canada
finance.yahoo.com - March 9 at 6:19 PM
baystreet.ca logoIs a Big Mortgage Shakeup Coming to Canada’s Banks?
www.baystreet.ca - March 2 at 11:49 PM
baystreet.ca logoIs a Big Mortgage Shakeup Coming to Canada's Banks? - Baystreet.ca
www.baystreet.ca - March 2 at 11:49 PM
finance.yahoo.com logoGenworth Completes Statutory Cash Flow Testing For 2016 And Provides New York ...
finance.yahoo.com - February 27 at 6:07 PM
theglobeandmail.com logoThis dividend stock is on the move as a bullish ‘golden cross’ emerges
www.theglobeandmail.com - February 16 at 6:07 PM
nasdaq.com logoMIC's Strong Dividend History Helps Get It To The Top 25
www.nasdaq.com - February 16 at 6:07 PM
baystreet.ca logoGenworth MI Canada: A Cheap Stock With Potential Risk
www.baystreet.ca - February 16 at 6:07 PM
finance.yahoo.com logoEdited Transcript of MIC.TO earnings conference call or presentation 8-Feb-17 3:00pm GMT
finance.yahoo.com - February 9 at 12:25 AM
reuters.com logoBRIEF-Genworth MI Canada reports Q4 and full year 2016 results
www.reuters.com - February 8 at 7:24 PM

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Chart

Genworth MI Canada (MIC) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff