Public market insider selling at Genworth MI Canada (T:MIC)

Philip Adrian Virgil Mayers, CFO, disposed of 54,000 Common Shares on a direct ownership basis at a price of $49.250 on August 19th, 2019. This represents a $2,659,500 divestment of the company's shares and an account share holdings change of -71.8%.

Mark Kubisheski, a Subsidiary Executive, disposed of 404 Common Shares on a direct ownership basis at a price of $49.120 on August 16th, 2019. This represents a $19,844 divestment of the company's shares and an account share holdings change of -100.0%.

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.