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$3.26 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:
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?
Some companies that are related to Genworth MI Canada include Kinross Gold (K), Industrial Alliance Insur. & Fin. Ser. (IAG), ARC Resources Ltd (ARX), Cae (CAE), Lundin Mining (LUN), Veresen (VSN), Air Canada (AC), WSP Global (WSP), Algonquin Power & Utilities Corp (AQN), Methanex (MX), First Capital Realty (FCR), West Fraser Timber Co. (WFT), Crescent Point Energy Corp (CPG), Altagas Ltd (ALA), Cameco Corp (CCO), Vermilion Energy (VET), Enbridgeome Fund Holdings (ENF) and Linamar (LNR).
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)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$39.33 |
Analysts' Ratings History for Genworth MI Canada (TSE:MIC)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 5/4/2017 | TD Securities | Reiterated Rating | Buy | C$43.00 |  |
| 5/4/2017 | CIBC | Boost Price Target | | C$40.00 -> C$43.00 | |
| 5/4/2017 | BMO Capital Markets | Reiterated Rating | Outperform | C$41.00 | |
| 5/3/2017 | Scotiabank | Reiterated Rating | Sector Perform | C$37.00 | |
| 5/2/2017 | National Bank Financial | Reiterated Rating | Sector Perform | C$36.00 | |
| 2/8/2017 | Royal Bank Of Canada | Boost Price Target | Sector Perform | C$34.00 -> C$36.00 | |
(Data available from 7/25/2015 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 |
|---|
| 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: $4.20
2018 EPS Consensus Estimate: $4.36
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $1.03 | $1.11 | $1.07 |
| Q2 2017 | 2 | $1.06 | $1.11 | $1.09 |
| Q3 2017 | 4 | $0.94 | $1.09 | $1.01 |
| Q4 2017 | 3 | $0.99 | $1.06 | $1.03 |
| Q1 2018 | 1 | $1.09 | $1.09 | $1.09 |
| Q2 2018 | 1 | $1.13 | $1.13 | $1.13 |
| Q3 2018 | 1 | $1.08 | $1.08 | $1.08 |
| Q4 2018 | 1 | $1.06 | $1.06 | $1.06 |
(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 |
|---|
| 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 |
|---|
| 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. 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 Inc. Announces Common Dividend in the Second Quarter 2017 - Yahoo Finance
finance.yahoo.com - May 2 at 6:10 PM |
| Genworth MI Canada Inc. Reports First Quarter 2017 Results
finance.yahoo.com - May 2 at 6:10 PM |
| Genworth MI Canada Inc. Announces Common Dividend in the Second Quarter 2017
finance.yahoo.com - May 2 at 6:10 PM |
| Research Reports Initiated on Financials Stocks Power Corp of Canada, Sun Life ...
finance.yahoo.com - April 20 at 6:37 PM |
| Genworth Canada commends the Ontario Government for addressing housing affordability in the Greater Golden-Horseshoe market
finance.yahoo.com - April 20 at 6:37 PM |
| Genworth 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 |
| Genworth MI Canada Inc. Schedules First Quarter 2017 Earnings Conference Call for May 3rd, 2017
finance.yahoo.com - April 18 at 5:57 PM |
| Genworth 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 |
| Eleven 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 |
| Two 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 |
| Two 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 |
 | Is a Big Mortgage Shakeup Coming to Canada’s Banks?
www.baystreet.ca - March 2 at 11:49 PM |
| Is a Big Mortgage Shakeup Coming to Canada's Banks? - Baystreet.ca
www.baystreet.ca - March 2 at 11:49 PM |
| Genworth Completes Statutory Cash Flow Testing For 2016 And Provides New York ...
finance.yahoo.com - February 27 at 6:07 PM |
| This dividend stock is on the move as a bullish ‘golden cross’ emerges
www.theglobeandmail.com - February 16 at 6:07 PM |
 | MIC's Strong Dividend History Helps Get It To The Top 25
www.nasdaq.com - February 16 at 6:07 PM |
| Genworth MI Canada: A Cheap Stock With Potential Risk
www.baystreet.ca - February 16 at 6:07 PM |
| Edited Transcript of MIC.TO earnings conference call or presentation 8-Feb-17 3:00pm GMT
finance.yahoo.com - February 9 at 12:25 AM |
 | BRIEF-Genworth MI Canada reports Q4 and full year 2016 results
www.reuters.com - February 8 at 7:24 PM |
Genworth MI Canada (MIC) Chart for Tuesday, July, 25, 2017
