$0.26 EPS Expected for MGIC Investment Corp. (MTG)

Judith Bessette
Julho 17, 2017

Sadoff Invest Mgmt Lc accumulated 2.38M shares.

Shares of MGIC Investment Corporation (MTG) opened at 11.69 on Thursday. The value of the company's investment in MGIC Investment Corporation increased from $1,013,000 to $1,102,000 increasing 8.8% quarter over quarter. About 818,394 shares traded. It has outperformed by 43.42% the S&P500. Two brokerage firms recommended the company shares with a hold recommendation, nine have published a buy recommendation and 1 have issued a strong buy recommendation to the firms shares. the share presently has a consensus recommendation of "Buy" and an average price objective of $11.55. Technical analysis can help recognize key technical price levels in the stock.

About 352,287 shares traded. On October 17, 2016 Bank of America starting coverage on MTG giving it an initial rating of "Buy".

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Investors sentiment decreased to 1.08 in 2016 Q4. The stock price recently experienced a 5-day gain of 1.56% with 0.24 average true range (ATR). The institutional investor owned 4,431,500 shares of the insurance provider's stock after buying an additional 1,979,600 shares during the period. Ecofin Ltd bought 135,476 shares as the company's stock rose 7.09% with the market. California State Teachers Retirement Sys reported 0.01% stake. Vanguard Grp Inc owns 29.21 million shares for 0.02% of their portfolio. Oakbrook Invs Ltd Com has 31,890 shares for 0.06% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 11,697 shares. Foothills Asset Management holds 0.1% or 12,269 shares. Oxbow Limited Liability Corp holds 273,145 shares or 0.35% of its portfolio. Advisors Capital Limited Liability reported 287,587 shares stake. Mark Asset Management Corp who had been investing in Mgic Investment Corp for a number of months, seems to be bullish on the $4.37 billion market cap company. (NYSE:MTG). Shelton owns 28,000 shares. During the same period in the previous year, the firm posted $0.17 EPS. After having $0.31 EPS previously, MGIC Investment Corp.'s analysts see -16.13% EPS growth. BTIG analysis reiterated a "buy" recommendation and fixed a $12.00 target price on stock of MGIC Investment Corporation in a study note published on Wed, Apr 19th. Compass Point raised shares of MGIC Investment Corporation from a "neutral" rating to a "buy" rating in a research report on Wednesday, April 12th. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/07/17/raymond-james-financial-services-advisors-inc-reduces-position-in-mgic-investment-corporation-mtg-updated-updated.html. (NYSE:MTG) rating on Wednesday, July 20. On Thursday, June 30 the stock rating was upgraded by FBR Capital to "Outperform". MGIC Investment Corporation had a net margin of 34.10% and a return on equity of 17.00%. On December 12 the stock rating was upgraded to "Buy" from "Hold" with a current price target of $12.00 in a statement from Deutsche Bank. The rating was maintained by Credit Suisse on Monday, May 2 with "Neutral". Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Westport Asset Management Inc. boosted its position in MGIC Investment Corporation by 478.9% in the first quarter. The firm has "Buy" rating by Goldman Sachs given on Wednesday, July 13. (NYSE:MTG) has "Buy" rating given on Thursday, January 21 by M Partners.

Cubist Systematic Strategies Limited Liability Corporation has 0.03% invested in MGIC Investment Corp. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. MGIC Investment Corp. P/E (price to earnings) ratio is 12.75 and Forward P/E ratio of 10.32. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low-down payment residential mortgage loans. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. Therefore 57% are positive. Large ranges indicate high volatility and small ranges indicate low volatility. Analysts reported that the Price Target for MGIC Investment Corp. might touch $13 high while the Average Price Target and Low price Target is $12.7 and $11 respectively. Ecofin Ltd who had been investing in Williams Cos Inc for a number of months, seems to be bullish on the $25.95B market cap company.

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