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Genworth MI Canada Inc. (T:MIC)

Business Focus: Property Insurance

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Insider Chart - Past 6 Months

Insider Filings

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

Jul 12, 2019 16:54 ET
Genworth MI Canada Inc. Schedules Second Quarter 2019 Earnings Conference Call for July 31st, 2019
TORONTO, July 12, 2019 /CNW/ - Genworth MI Canada Inc. (the "Company") (TSX: MIC) today announced it will issue its earnings release and financial supplement containing the quarterly results after the market closes on July 30th, 2019. A conference call will be held the following day, July 31st, 2019, at 10:00 AM (ET) to discuss the results for the quarter. Investor materials will be available on the Company's website, http://investor.genworthmicanada.ca, in advance of the call.
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Jul 01, 2019 07:30 ET
Genworth MI Canada Inc. acknowledges announcement of potential disposition by Genworth Financial, Inc. of its interests in the Company
TORONTO, July 1, 2019 /CNW/ - Genworth MI Canada Inc. (the "Company") (TSX: MIC) acknowledges the announcement today by Genworth Financial, Inc. ("Genworth Financial") that  Genworth Financial and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) have agreed to an 11th waiver and agreement of each party's right to terminate the previously announced merger agreement beyond the current deadline of June 30, 2019.
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Valuation Ratios

Industry
Sector
Beta
1.35
--
--
Price to Sales - TTM
4.66
4.66
7.48
Price to Book - most recent quarter
0.95
0.95
1.59
Price to Cash Flow per share - TTM
9.09
9.09
11.42
Price to Free Cash Flow per share - TTM
14.63
14.63
21.84
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jun 30, 20191,831,52744,975
Jun 15, 20191,786,552-127,773
May 31, 20191,914,325-177,365
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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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