On July, 19 Analysts See $0.35 EPS for MGIC Investment Corporation (MTG)

June 29, 2018 - By Joe Cepeda

MGIC Investment Corporation (NYSE:MTG) Corporate Logo
During 2018 Q1 the big money sentiment decreased to 0.88. That’s change of 0.44, from 2017Q4’s 1.32. 38 investors sold all, 100 reduced holdings as MGIC Investment Corporation ratio is negative. 87 increased stakes while 35 funds acquired stakes. Funds hold 331.27 million shares thus 1.30% less from 2017Q4’s 335.64 million shares.
Highlander Capital Mngmt Ltd Company reported 112,562 shs. Stratos Wealth Prtn Ltd holds 0% or 806 shs in its capital. Oarsman holds 2.77% or 467,675 shs. Oxbow Advisors Ltd Llc invested in 136,510 shs. Gator Management Ltd Liability Com stated it has 28,000 shs. Hsbc Holdg Public Ltd Com invested in 439,931 shs. Amalgamated Commercial Bank accumulated 48,809 shs. 110,000 were reported by Virginia Retirement Sys Et Al. Employees Retirement System Of Ohio reported 0.05% of its capital in MGIC Investment Corporation (NYSE:MTG). New York-based Neuberger Berman Grp Ltd Liability Co has invested 0% in MGIC Investment Corporation (NYSE:MTG). Adirondack Rech & Mngmt Inc holds 404,100 shs. Legg Mason Asset Management (Japan) reported 0.83% stake. Element Cap Mngmt Ltd reported 11,892 shs. Parametric Port Limited reported 0.01% of its capital in MGIC Investment Corporation (NYSE:MTG). 74,200 were accumulated by Bluecrest Mngmt Limited.

Earnings report for MGIC Investment Corporation (NYSE:MTG) is anticipated on July, 19., according to Faxor. Analysts expect change of 12.90 % or $0.04 from previous year’s $0.31 earnings per share compared to current’s $0.35 earnings per share. In case of $0.35 earnings per share MTG’s profit could be $128.62 million. Analysts at Wall Street see MGIC Investment Corporation’s -7.89 % negative EPS growth compared to $0.38 earnings per share for last quarter. MTG reached $10.86 during the last trading session after $0.11 change.Currently MGIC Investment Corporation is downtrending after 2.69% change in last June 29, 2017. MTG has 895,810 shares volume. The stock underperformed the S&P500 by 15.26%.

MGIC Investment Corporation (NYSE:MTG) Ratings Coverage

A total of 11 analysts rate MGIC Investment (NYSE:MTG) as follows: 8 “Buy”, 2 “Hold” and 1 “Sell”. Тherefore 73% are bullish. (NYSE:MTG) has 19 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Tuesday, April 10 the stock has “Buy” rating by Keefe Bruyette & Woods. On Wednesday, June 13 Bank of America downgraded the shares of MTG in report to “Sell” rating. On Thursday, January 4 the stock has “Buy” rating by Susquehanna. The stock rating was upgraded by Deutsche Bank to “Buy” on Monday, January 8. The stock rating was downgraded by Bank of America to “Hold” on Tuesday, April 10. On Tuesday, April 10 the stock has “Buy” rating by Deutsche Bank. On Tuesday, April 10 B. Riley & Co maintained the shares of MTG in report with “Buy” rating. On Thursday, April 19 the stock of MGIC Investment Corporation (NYSE:MTG) earned “Buy” rating by Keefe Bruyette & Woods. On Wednesday, April 11 the stock of MGIC Investment Corporation (NYSE:MTG) earned “Overweight” rating by Barclays Capital. On Friday, January 19 the rating was maintained by Keefe Bruyette & Woods with “Buy”.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.The firm is valued at $3.99 billion. The firm offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.The P/E ratio is 10. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements.

Another two news for MGIC Investment Corporation (NYSE:MTG) were briefly brought out by: Seekingalpha.com on June 08, 2018 with title “MGIC Investment May insurance in force up 7.4%, delinquencies down 10.5%”. The other Benzinga.com‘s article was titled “MGIC Downgraded As Shares Close In On BofA’s Price Target” and brought out on June 13, 2018.

MGIC Investment Corporation (NYSE:MTG) Institutional Investors Chart

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