On July, 19 The EPS for MGIC Investment Corporation (MTG) Expected At $0.35

June 29, 2018 - By Alma Kearns

MGIC Investment Corporation (NYSE:MTG) Corporate Logo
During Q1 2018 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 holdings while 35 funds took holdings. Funds hold 331.27 million shares thus 1.30% less from 2017Q4’s 335.64 million shares.
New York State Common Retirement Fund holds 0.02% or 1.02M shs. Gargoyle Inv Advisor Lc has 0.12% invested in MGIC Investment Corporation (NYSE:MTG) for 22,848 shs. Cwm Llc invested in 0% or 200 shs. 112,300 were reported by Hillsdale. Axa has 1.42 million shs. Moreover, Teewinot Cap Advisers Ltd Llc has 3.82% invested in MGIC Investment Corporation (NYSE:MTG) for 830,621 shs. Nordea Investment Mgmt Ab accumulated 0.04% or 1.13M shs. Dupont Cap Mngmt reported 329,076 shs. Employees Retirement Association Of Colorado accumulated 64,045 shs or 0.01% of the stock. Ny State Teachers Retirement System has 33,100 shs. Foothills Asset Mgmt Limited reported 10,769 shs. Assetmark invested 0% of its capital in MGIC Investment Corporation (NYSE:MTG). Guggenheim Cap Limited Liability Corporation has invested 0.01% in MGIC Investment Corporation (NYSE:MTG). Moreover, Brandywine Lc has 0.08% invested in MGIC Investment Corporation (NYSE:MTG). Jpmorgan Chase And reported 0.01% of its capital in MGIC Investment Corporation (NYSE:MTG).

On July, 19 WallStreet awaited MGIC Investment Corporation (NYSE:MTG)’s earnings release, Zacks reports. The earnings per share diference is $0.04 or 12.90 % up from last years number. Previous year: $0.31; Analysts forcast: $0.35. This could be $128.62 million profit for MTG assuming the current $0.35 earnings per share will become reality. -7.89 % negative EPS growth is what analysts predict. $0.38 earnings per share was reported for previous quarter. MTG is touching $10.86 during the last trading session, after increased 1.02%.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&P500.

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 Thursday, January 4 the stock of MGIC Investment Corporation (NYSE:MTG) has “Buy” rating given by Susquehanna. On Thursday, April 19 the firm has “Market Perform” rating given by Wells Fargo. On Wednesday, April 11 the firm earned “Overweight” rating by Barclays Capital. In Monday, April 9 report BTIG Research maintained it with “Buy” rating and $1800 target. On Wednesday, June 13 the firm has “Sell” rating given by Bank of America. On Tuesday, April 10 Susquehanna maintained MGIC Investment Corporation (NYSE:MTG) with “Buy” rating. On Tuesday, April 10 RBC Capital Markets downgraded the shares of MTG in report to “Hold” rating. On Thursday, April 26 BTIG Research maintained MGIC Investment Corporation (NYSE:MTG) rating. BTIG Research has “Buy” rating and $1800 target. On Thursday, January 18 RBC Capital Markets maintained MGIC Investment Corporation (NYSE:MTG) with “Buy” rating. On Tuesday, April 10 Deutsche Bank maintained MGIC Investment Corporation (NYSE:MTG) rating. Deutsche Bank has “Buy” rating and $15 target.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.The company has $3.99 billion market cap. 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 announced by: Benzinga.com on June 13, 2018 with title “MGIC Downgraded As Shares Close In On BofA’s Price Target”. The other Seekingalpha.com‘s article was titled “MGIC Investment May insurance in force up 7.4%, delinquencies down 10.5%” and announced on June 08, 2018.

MGIC Investment Corporation (NYSE:MTG) Institutional Investors Chart

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