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Option-related selling at Genworth MI Canada (T:MIC)

Updated Friday Nov 09, 2018 02:44 AM EDT

The following insiders exercised options and sold Common Shares into the public market:

Philip Adrian Virgil Mayers, CFO, disposed of 30,000 Common Shares on a direct ownership basis at a price of $45.000 between November 2nd and 7th, 2018. This represents a $1,350,000 divestment of the company's shares and an account share holdings change of -59.9%.

Stuart Kendrick Levings, CEO and Director, disposed of 15,200 Common Shares on a direct ownership basis at a price of $44.500 on November 5th, 2018. This represents a $676,400 divestment of the company's shares and an account share holdings change of -39.7%.

Winsor James Macdonell, a Senior Officer, disposed of 9,200 Common Shares on a direct ownership basis at a price of $45.000 between November 6th and 7th, 2018. This represents a $414,000 divestment of the company's shares and an account share holdings change of -37.9%.

Genworth MI Canada is in the Property & Casualty Insurance Sub Industry Group under the Financials Sector.

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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Go to Genworth MI Canada Inc. (MIC)'s company page

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