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

June 29, 2018 - By Jane Lemasters

MGIC Investment Corporation (NYSE:MTG) Corporate Logo
Big Money Sentiment decreased to 0.88 in Q1 2018. It has change of 0.44, from 2017Q4’s 1.32. The ratio turned negative due to MGIC Investment Corporation positioning: 38 sold and 100 reduced. 35 funds bought positions and 87 increased positions. Investors holded 335.64 million in 2017Q4 but now own 331.27 million shares or 1.30% less.
Northern Corp owns 6.91M shs. Gru Inc reported 0.01% in MGIC Investment Corporation (NYSE:MTG). Magnetar Finance Ltd invested in 0% or 10,082 shs. Lingohr & Partner Asset Gmbh accumulated 0.42% or 51,121 shs. Stifel stated it has 0% of its capital in MGIC Investment Corporation (NYSE:MTG). Legal General Gp Public Ltd Com has invested 0% of its capital in MGIC Investment Corporation (NYSE:MTG). Principal Fincl Grp has 951,395 shs for 0.01% of their capital. Tudor Investment Corp Et Al invested 0.02% in MGIC Investment Corporation (NYSE:MTG). Neuberger Berman invested in 62,899 shs or 0% of the stock. Credit Suisse Ag reported 543,377 shs stake. Reliance Communication Of Delaware stated it has 0.06% of its capital in MGIC Investment Corporation (NYSE:MTG). Ameriprise Financial holds 0.03% of its capital in MGIC Investment Corporation (NYSE:MTG) for 4.68 million shs. Comml Bank Of Mellon invested in 15.21 million shs or 0.05% of the stock. Johnson Grp has 43,569 shs for 0.07% of their capital. Sadoff Invest Limited Liability Co has invested 2.67% in MGIC Investment Corporation (NYSE:MTG).

On July, 19 MGIC Investment Corporation (NYSE:MTG)’s earnings release is expected by WallStreet, RTT reports. Last year’s earnings per share was $0.31, while now analysts expect change of 12.90 % up from current $0.35 earnings per share. In case of $0.35 earnings per share MTG’s profit could be $128.62 million. After $0.38 earnings per share was revealed previous quarter, analysts now see negative EPS growth of -7.89 % for MGIC Investment Corporation. Ticker’s shares touched $10.86 during the last trading session after 1.02% change.MGIC Investment Corporation has volume of 895,810 shares. Since June 29, 2017 MTG has declined 2.69% and is downtrending. MTG underperformed by 15.26% the S&P 500.

MGIC Investment Corporation (NYSE:MTG) Ratings Coverage

Total analysts of 11 have positions in MGIC Investment (NYSE:MTG) as follows: 8 rated it a “Buy”, 1 with “Sell” and 2 with “Hold”. The positive are 73%. Since January 4, 2018 according to StockzIntelligence Inc MGIC Investment has 19 analyst reports. The stock rating was downgraded by Bank of America to “Hold” on Tuesday, April 10. On Tuesday, April 10 the firm has “Buy” rating given by Susquehanna. On Thursday, April 19 the firm earned “Market Perform” rating by Wells Fargo. The company rating was maintained by Keefe Bruyette & Woods on Friday, January 19. On Thursday, April 26 the rating was maintained by BTIG Research with “Buy”. On Wednesday, April 11 the stock has “Overweight” rating by Barclays Capital. In Thursday, January 4 report Susquehanna maintained the stock with “Buy” rating. On Monday, January 8 the rating was upgraded by Deutsche Bank to “Buy”. On Thursday, January 18 the stock of MGIC Investment Corporation (NYSE:MTG) has “Buy” rating given by FBR Capital. On Tuesday, April 10 RBC Capital Markets downgraded the shares of MTG in report to “Hold” rating.

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.10 is the P/E ratio. 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 recently released 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 released on June 13, 2018.

MGIC Investment Corporation (NYSE:MTG) Institutional Investors Chart

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