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Genworth MI Canada Inc. (T:MIC)

Business Focus: Property Insurance

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Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for MIC within the last 6 months
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Company News

Feb 20, 2020 08:14 ET
Genworth MI Canada Inc. Completes Issuance of $300 Million of Unsecured Debentures due March 1, 2027 and Announces Redemption on March 23, 2020 of its Outstanding 5.68% Debentures due June 15, 2020
TORONTO, Feb. 20, 2020 /CNW/ - Genworth MI Canada Inc. (the "Company") (TSX: MIC) announced that it today completed its previously announced offering (the "Offering") of $300 million of 2.955% debentures due March 1, 2027 (the "Debentures"). The offering was made through a syndicate of agents led by CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and TD Securities Inc., and including National Bank Financial Inc.
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Feb 19, 2020 16:12 ET
Genworth MI Canada Inc. Announces Special Dividend
TORONTO, Feb. 19, 2020 /CNW/ - The Board of Directors of Genworth MI Canada Inc. (the "Company") (TSX: MIC) today announced that it has declared a special dividend of $2.32 per common share, for an aggregate amount of approximately $200 million. This special dividend is to be paid on March 19, 2020, to shareholders of record at the close of business on March 4, 2020.
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Valuation Ratios

Industry
Sector
Beta
1.40
--
--
Price to Sales - TTM
5.67
5.67
8.33
Price to Book - most recent quarter
1.25
1.25
1.66
Price to Cash Flow per share - TTM
11.23
11.23
11.24
Price to Free Cash Flow per share - TTM
117.51
--
19.93
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Feb 15, 20201,114,379187,099
Jan 31, 2020927,280-45,047
Jan 15, 2020972,32737,710
See Short Report

Business Summary

Sector:  Financials Industry:  Property & Casualty Insurance

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.

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