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. 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$3.32 billion
- Outstanding Shares: 91,947,000
Average Prices:- 50 Day Moving Avg: C$35.93
- 200 Day Moving Avg: C$35.36
- 52 Week Range: C$27.39 - C$40.00
P/E:- Trailing P/E Ratio: 6.69
- P/E Growth: 15.46
Sales & Book Value:- Annual Revenue: C$925.32 million
- Price / Sales: 3.58
- Book Value: C$41.79 per share
- Price / Book: 0.86
Dividend:
Profitability:- EBIDTA: C$695.02 million
- Net Margins: 64.27%
- Return on Equity: 11.51%
- Return on Assets: 6.42%
Misc:- Average Volume: 217,341 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 Friday, August 11th. Investors of record on Wednesday, August 30th will be paid a dividend of 0.44 per share on Wednesday, August 30th. This represents a $1.76 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, August 11th. View Genworth MI Canada's Dividend History.
When will Genworth MI Canada make its next earnings announcement?
Where is Genworth MI Canada's stock going? Where will Genworth MI Canada's stock price be in 2017?
6 brokerages have issued 12-month price targets for Genworth MI Canada's stock. Their forecasts range from C$39.00 to C$45.00. On average, they expect Genworth MI Canada's share price to reach C$41.83 in the next twelve months. View Analyst Ratings for Genworth MI Canada.
Who are some of Genworth MI Canada's key competitors?
Some companies that are related to Genworth MI Canada include Keyera Corp (KEY), Tourmaline Oil Corp (TOU), Lundin Mining (LUN), Valeant Pharmaceuticals Intl (VRX), Air Canada (AC), Seven Generations Energy Ltd (VII), BlackBerry Ltd (BB), Industrial Alliance Insur. & Fin. Ser. (IAG), ARC Resources Ltd (ARX), Cae (CAE), Veresen (VSN), WSP Global (WSP), Algonquin Power & Utilities Corp (AQN), West Fraser Timber Co. (WFT), Cameco Corp (CCO), First Capital Realty (FCR), Methanex (MX) and Altagas Ltd (ALA).
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$36.06.
MarketBeat Community Rating for Genworth MI Canada (TSE MIC)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.
Consensus Ratings for Genworth MI Canada (TSE:MIC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | C$41.83 |
Analysts' Ratings History for Genworth MI Canada (TSE:MIC)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 8/3/2017 | Scotiabank | Boost Price Target | Sector Perform | C$37.00 -> C$39.00 |  |
| 8/3/2017 | CIBC | Boost Price Target | | C$43.00 -> C$45.00 | |
| 8/3/2017 | TD Securities | Boost Price Target | Buy | C$43.00 -> C$44.00 | |
| 8/3/2017 | BMO Capital Markets | Reiterated Rating | Outperform | C$43.00 | |
| 8/2/2017 | National Bank Financial | Boost Price Target | Sector Perform | C$37.00 -> C$40.00 | |
| 8/2/2017 | Royal Bank Of Canada | Boost Price Target | Sector Perform | C$38.00 -> C$40.00 | |
(Data available from 8/17/2015 forward)
Earnings History for Genworth MI Canada (TSE:MIC)Earnings History by Quarter for Genworth MI Canada (TSE MIC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/2/2017 | | | | | | | | |
| 7/29/2014 | | $0.93 | $1.04 | $165.65 million | $141.14 million | View | N/A | |
| 4/29/2014 | | $0.90 | $0.96 | $165.00 million | $168.73 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Genworth MI Canada (TSE:MIC)2017 EPS Consensus Estimate: $4.29
2018 EPS Consensus Estimate: $4.34
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $1.03 | $1.11 | $1.07 |
| Q2 2017 | 2 | $1.07 | $1.11 | $1.09 |
| Q3 2017 | 4 | $0.94 | $1.23 | $1.04 |
| Q4 2017 | 3 | $0.99 | $1.18 | $1.09 |
| Q1 2018 | 1 | $1.09 | $1.09 | $1.09 |
| Q2 2018 | 1 | $1.13 | $1.13 | $1.13 |
| Q3 2018 | 1 | $1.07 | $1.07 | $1.07 |
| Q4 2018 | 1 | $1.05 | $1.05 | $1.05 |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for Genworth MI Canada (TSE MIC)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/11/2017 | Quarterly | $0.44 | 4.7% | 8/11/2017 | 8/30/2017 | 8/30/2017 |
| 5/2/2017 | quarterly | $0.44 | 5.15% | 5/10/2017 | 5/12/2017 | 5/30/2017 |
| 2/7/2017 | quarterly | $0.44 | 4.77% | 2/15/2017 | 2/20/2017 | 3/8/2017 |
| 11/3/2016 | quarterly | $0.44 | 6.25% | 11/14/2016 | 11/16/2016 | 11/25/2016 |
| 8/2/2016 | quarterly | $0.42 | 4.86% | 8/10/2016 | 8/12/2016 | 8/26/2016 |
| 4/28/2016 | quarterly | $0.42 | 5.17% | 5/11/2016 | 5/13/2016 | 5/27/2016 |
| 2/4/2016 | quarterly | $0.42 | 6.72% | 2/11/2016 | 2/16/2016 | 3/2/2016 |
| 10/29/2015 | quarterly | $0.42 | 5.22% | 11/10/2015 | 11/13/2015 | 11/27/2015 |
| 8/4/2015 | quarterly | $0.39 | 4.92% | 8/13/2015 | 8/17/2015 | 8/31/2015 |
| 4/28/2015 | quarterly | $0.39 | 4.51% | 5/13/2015 | 5/15/2015 | 5/29/2015 |
| 2/10/2015 | quarterly | $0.39 | 5.03% | 2/19/2015 | 2/23/2015 | 3/6/2015 |
| 11/13/2014 | Quarterly | $0.39 | 3.77% | 11/13/2014 | 11/28/2014 | 11/28/2014 |
| 7/29/2014 | quarterly | $0.35 | 3.57% | 8/13/2014 | 8/15/2014 | 8/29/2014 |
| 5/13/2014 | Quarterly | $0.35 | 3.64% | 5/13/2014 | 5/30/2014 | 5/30/2014 |
| 2/4/2014 | quarterly | $0.35 | 4.14% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 10/29/2013 | | $0.34 | | 11/13/2013 | 11/15/2013 | 11/29/2013 |
| 10/29/2013 | quarterly | $0.35 | | | 11/15/2013 | 11/29/2013 |
| 7/31/2013 | quarterly | $0.32 | | | 8/15/2013 | 8/30/2013 |
| 4/30/2013 | quarterly | $0.32 | | | 5/15/2013 | 5/31/2013 |
| 4/8/2013 | quarterly | $0.32 | | | 2/15/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Genworth MI Canada (TSE:MIC)Insider Trades by Quarter for Genworth MI Canada (TSE:MIC)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/14/2017 | Brian Leo Hurley | Director | Sell | 15,100 | C$35.98 | C$543,298.00 | |
| 8/9/2017 | Cecilia Carbonelli | Director | Sell | 1,275 | C$37.41 | C$47,697.75 | |
| 8/9/2017 | Winsor James Macdonell | Insider | Sell | 8,400 | C$38.00 | C$319,200.00 | |
| 8/4/2017 | Brian Leo Hurley | Director | Sell | 90,000 | C$37.20 | C$3,348,000.00 | |
| 6/2/2017 | Neil Reginald Parkinson | Director | Buy | 4,800 | C$31.36 | C$150,528.00 | |
| 5/18/2017 | Stuart Kendrick Levings | Director | Buy | 1,552 | C$32.21 | C$49,989.92 | |
| 5/11/2017 | Stuart Kendrick Levings | Director | Buy | 1,464 | C$34.17 | C$50,024.88 | |
| 3/9/2017 | Philip Adrian Virgil Mayers | Insider | Sell | 6,100 | C$39.00 | C$237,900.00 | |
| 2/27/2017 | John Logan Walker | Director | Sell | 5,000 | C$37.79 | C$188,950.00 | |
| 2/15/2017 | Stuart Kendrick Levings | Director | Buy | 244 | C$37.49 | C$9,147.56 | |
| 2/15/2017 | Winsor James Macdonell | Insider | Sell | 8,900 | C$37.42 | C$333,038.00 | |
| 2/10/2017 | Brian Michael Kelly | Director | Sell | 1,295 | C$37.45 | C$48,497.75 | |
| 2/3/2017 | Craig Sweeney | Insider | Sell | 487 | C$33.24 | C$16,187.88 | |
| 2/22/2016 | Stuart Kendrick Levings | Director | Buy | 490 | C$26.32 | C$12,898.76 | |
| 12/8/2015 | Robert John Piroli | Insider | Sell | 261 | C$27.58 | C$7,198.38 | |
| 6/4/2015 | Brian Leo Hurley | Director | Sell | 4,900 | C$34.82 | C$170,618.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Genworth MI Canada (TSE:MIC)
Latest Headlines for Genworth MI Canada (TSE:MIC)
| Source: |
|
| Date | Headline |
|---|
 | Genworth MI Canada Inc (MIC) Director Sells C$543,298.00 in Stock
www.americanbankingnews.com - August 15 at 1:38 PM |
| Insider Selling: Genworth MI Canada Inc (TSE:MIC) Director Sells 1,275 Shares of Stock
www.americanbankingnews.com - August 14 at 1:28 PM |
| Genworth MI Canada Inc (MIC) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - August 12 at 6:38 PM |
| Genworth MI Canada Inc (MIC) Insider Winsor James Macdonell Sells 8,400 Shares
www.americanbankingnews.com - August 9 at 4:34 PM |
| Genworth MI Canada Inc (TSE:MIC) Director Brian Leo Hurley Sells 90,000 Shares
www.americanbankingnews.com - August 8 at 4:48 PM |
| National Bank Financial Weighs in on Genworth MI Canada Inc's FY2017 Earnings (MIC)
www.americanbankingnews.com - August 7 at 7:46 AM |
| Q3 2017 EPS Estimates for Genworth MI Canada Inc (TSE:MIC) Lifted by Analyst
www.americanbankingnews.com - August 7 at 7:18 AM |
| Genworth MI Canada Inc (TSE:MIC) to Issue $0.44 Quarterly Dividend
www.americanbankingnews.com - August 6 at 11:18 AM |
 | Ignore the Headlines: Genworth MI Canada Inc. Is Doing Just Fine
www.fool.ca - August 5 at 3:12 AM |
| Brokers Set Expectations for Genworth MI Canada Inc's Q3 2018 Earnings (MIC)
www.americanbankingnews.com - August 4 at 5:22 PM |
| Genworth MI Canada Inc (MIC) Expected to Earn Q4 2017 Earnings of $1.09 Per Share
www.americanbankingnews.com - August 4 at 2:38 PM |
 | Genworth MI Canada, Inc. :MIC-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017
finance.yahoo.com - August 4 at 1:49 AM |
| Edited Transcript of MIC.TO earnings conference call or presentation 2-Aug-17 2:00pm GMT
finance.yahoo.com - August 3 at 5:21 AM |
| CANADA STOCKS-TSX climbs to 5-week high led by financials and energy
finance.yahoo.com - August 3 at 5:21 AM |
| Genworth MI Canada Inc. Reports Second Quarter 2017 Results Including Net Operating Income of $126 Million
finance.yahoo.com - August 2 at 5:35 AM |
| Genworth MI Canada Inc. Announces Common Dividend in the Third Quarter 2017
finance.yahoo.com - August 2 at 5:35 AM |
| Genworth MI Canada Inc (MIC) Scheduled to Post Quarterly Earnings on Tuesday
www.americanbankingnews.com - July 27 at 4:59 PM |
| National Bank Financial Analysts Lower Earnings Estimates for Genworth MI Canada Inc (TSE:MIC)
www.americanbankingnews.com - July 27 at 8:34 AM |
| Genworth MI Canada Inc (TSE:MIC) Expected to Earn Q2 2017 Earnings of $1.07 Per Share
www.americanbankingnews.com - July 26 at 8:16 AM |
| Genworth MI Canada Inc. Schedules Second Quarter 2017 Earnings Conference Call for August 2nd, 2017
finance.yahoo.com - July 20 at 1:07 AM |
| Genworth MI Canada Inc (TSE:MIC) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - July 18 at 6:56 PM |
| Genworth MI Canada, Inc.: Leads amongst peers with strong fundamentals
finance.yahoo.com - June 23 at 7:00 PM |
| Genworth MI Canada Inc (MIC) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - June 23 at 5:08 PM |
| 2 Top Dividend Stocks Yielding 5-7% I'd Buy Today - The Motley Fool Canada
www.fool.ca - June 14 at 9:41 AM |
| Genworth Canada to support Habitat for Humanity's 2017 Jimmy & Rosalynn Carter Work Project in Canada
finance.yahoo.com - June 13 at 6:42 PM |
| Genworth MI Canada Inc. Announces Annual General Meeting Voting Results
finance.yahoo.com - June 8 at 7:30 PM |
| Report 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 |
| Genworth MI Canada Inc (MIC) Director Acquires C$150,528.00 in Stock
www.americanbankingnews.com - June 2 at 4:38 PM |
| Genworth MI Canada Inc (MIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 29 at 4:56 PM |
| Genworth MI Canada Inc (MIC) Director Stuart Kendrick Levings Buys 1,552 Shares
www.americanbankingnews.com - May 19 at 10:22 AM |
| Insider Buying: Genworth MI Canada Inc (MIC) Director Buys 1,464 Shares of Stock
www.americanbankingnews.com - May 11 at 4:28 PM |
| Genworth 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 |
| First-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 |
| Cormark Equities Analysts Lower Earnings Estimates for Genworth MI Canada Inc (MIC)
www.americanbankingnews.com - May 8 at 8:20 AM |
| Genworth MI Canada Inc (MIC) Earns Sector Perform Rating from Scotiabank
www.americanbankingnews.com - May 7 at 10:36 PM |
| Analysts Set Genworth MI Canada Inc (MIC) PT at $38.17
www.americanbankingnews.com - May 5 at 11:44 PM |
| Brokers Set Expectations for Genworth MI Canada Inc's Q1 2018 Earnings (MIC)
www.americanbankingnews.com - May 5 at 5:04 PM |
| BMO Capital Markets Reiterates "Outperform" Rating for Genworth MI Canada Inc (MIC)
www.americanbankingnews.com - May 4 at 9:10 PM |
| Genworth MI Canada's (MIC) Buy Rating Reiterated at TD Securities
www.americanbankingnews.com - May 4 at 9:10 PM |
| Genworth MI Canada Inc (MIC) PT Raised to C$43.00 at CIBC
www.americanbankingnews.com - May 4 at 9:10 PM |
| Q2 2017 Earnings Forecast for Genworth MI Canada Inc (MIC) Issued By National Bank Financial
www.americanbankingnews.com - May 4 at 11:44 AM |
| 2 Dividend Stocks Yielding Over 5% to Buy in May
www.fool.ca - May 4 at 11:40 AM |
| Edited Transcript of MIC.TO earnings conference call or presentation 3-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:40 AM |
| Genworth MI Canada Inc (MIC) Announces Quarterly Dividend of $0.44
www.americanbankingnews.com - May 3 at 6:44 PM |
 | Genworth insurance volumes to take hit in wake of Ottawa’s tougher mortgage rules
www.theglobeandmail.com - May 3 at 10:22 AM |
| Genworth MI Canada Inc. Announces Acceptance by TSX of Normal Course Issuer Bid
finance.yahoo.com - May 3 at 10:22 AM |
| Genworth MI Canada posts 20.5 percent rise in profit
finance.yahoo.com - May 3 at 10:22 AM |
| Equities Analysts Offer Predictions for Genworth MI Canada Inc's Q1 2017 Earnings (MIC)
www.americanbankingnews.com - May 3 at 7:30 AM |
| National Bank Financial Reiterates Sector Perform Rating for Genworth MI Canada Inc (MIC)
www.americanbankingnews.com - May 3 at 1:02 AM |
| Genworth MI Canada Inc (MIC) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 2 at 6:56 PM |
Genworth MI Canada (MIC) Chart for Thursday, August, 17, 2017
