Director buying at Genworth MI Canada (MIC)

Director buying at Genworth MI Canada (T:MIC)

Neil Reginald Parkinson, a Director, acquired 4,800 Common Shares on a direct ownership basis at a price of $31.360 on June 2nd, 2017. This represents a $150,528 investment into the company's shares and an account share holdings change of greater than 100%.

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. Genworth MI Canada Inc. (MIC) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, one insider has invested a total amount of $150,528.