MGIC Investment Corp. (MTG) Analysts See $0.26 EPS

September 17, 2017 - By Richard Conner

 MGIC Investment Corp. (MTG) Analysts See $0.26 EPS
Investors sentiment decreased to 1.13 in Q4 2016. Its down 0.02, from 1.15 in 2016Q3. It dropped, as 30 investors sold MGIC Investment Corp. shares while 81 reduced holdings. 50 funds opened positions while 75 raised stakes. 301.22 million shares or 0.38% more from 300.07 million shares in 2016Q3 were reported.
Bowling Port Ltd Liability holds 83,539 shares. Walleye Trading Limited Liability Company has 164,868 shares. Boothbay Fund holds 0.11% or 31,608 shares in its portfolio. Panagora Asset Mngmt reported 0.03% in MGIC Investment Corp. (NYSE:MTG). 60,011 are held by Glenmede Tru Co Na. The United Kingdom-based Odey Asset Management Gp has invested 0.06% in MGIC Investment Corp. (NYSE:MTG). Lombardia Capital Prns Ltd Liability Co holds 1.45% of its portfolio in MGIC Investment Corp. (NYSE:MTG) for 1.39 million shares. North Carolina-based Bancshares Of America Corp De has invested 0.01% in MGIC Investment Corp. (NYSE:MTG). Parametric Port Associates Ltd reported 0.01% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Blackrock, New York-based fund reported 94,706 shares. Profund Ltd Limited Liability Company invested 0.01% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Cubist Systematic Strategies Ltd Liability Corporation holds 0.03% of its portfolio in MGIC Investment Corp. (NYSE:MTG) for 31,604 shares. Swiss Bank & Trust holds 560,000 shares. International reported 196,329 shares. Landscape Cap Mngmt Ltd Llc owns 11,500 shares for 0.02% of their portfolio.

Analysts await MGIC Investment Corp. (NYSE:MTG) to report earnings on October, 17. They expect $0.26 earnings per share, up 4.00 % or $0.01 from last year’s $0.25 per share. MTG’s profit will be $96.44 million for 11.25 P/E if the $0.26 EPS becomes a reality. After $0.31 actual earnings per share reported by MGIC Investment Corp. for the previous quarter, Wall Street now forecasts -16.13 % negative EPS growth. The stock increased 0.86% or $0.1 on September 15, reaching $11.7. About 5.02 million shares traded or 96.09% up from the average. MGIC Investment Corp. (NYSE:MTG) has risen 60.12% since September 17, 2016 and is uptrending. It has outperformed by 43.42% the S&P500.

MGIC Investment Corp. (NYSE:MTG) Ratings Coverage

Among 9 analysts covering MGIC Investment Corp. (NYSE:MTG), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. MGIC Investment Corp. had 24 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Monday, October 17. The stock of MGIC Investment Corp. (NYSE:MTG) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, August 30. The firm has “Mkt Perform” rating by FBR Capital given on Friday, October 16. M Partners maintained MGIC Investment Corp. (NYSE:MTG) rating on Thursday, January 21. M Partners has “Buy” rating and $10 target. The rating was maintained by Compass Point on Wednesday, August 12 with “Buy”. Compass Point upgraded the shares of MTG in report on Thursday, April 13 to “Buy” rating. The company was maintained on Monday, February 13 by FBR Capital. The firm earned “Neutral” rating on Wednesday, April 20 by Compass Point. The company was maintained on Wednesday, July 20 by FBR Capital. On Friday, January 22 the stock rating was maintained by FBR Capital with “Mkt Perform”.

MGIC Investment Corporation is a holding company. The company has market cap of $4.34 billion. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. It has a 12.11 P/E ratio. The Firm 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.

Another recent and important MGIC Investment Corp. (NYSE:MTG) news was published by which published an article titled: “MGIC Investment vs. Radian Group: Which Stock Fares Better?” on September 13, 2017.

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