MGIC Investment Corporation (MTG) Receiving Somewhat Positive Media Coverage, Report Shows
News articles about MGIC Investment Corporation (NYSE:MTG) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGIC Investment Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 46.3091554016732 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- The Russell Investments Group Ltd. Lowers Stake in MGIC Investment Corporation (MTG) (expressnewsline.com)
- Should You Hold MGIC Investment (MTG) in Your Portfolio? (finance.yahoo.com)
- MGIC Investment Corp. breached its 50 day moving average in a Bullish Manner : MTG-US : August 15, 2017 (finance.yahoo.com)
- MGIC Announces Partnership with WEI Technology (finance.yahoo.com)
- Head to Head Analysis: Fidelity National Financial (FNFV) & MGIC Investment Corporation (MTG) (americanbankingnews.com)
MGIC Investment Corporation (MTG) traded down 2.30% on Thursday, hitting $11.45. 3,458,256 shares of the stock were exchanged. The firm has a market cap of $4.24 billion, a P/E ratio of 11.79 and a beta of 2.08. The company has a 50-day moving average of $11.61 and a 200 day moving average of $10.92. MGIC Investment Corporation has a 12 month low of $7.75 and a 12 month high of $12.25.
MGIC Investment Corporation (NYSE:MTG) last released its earnings results on Thursday, July 20th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. MGIC Investment Corporation had a net margin of 34.99% and a return on equity of 16.56%. The business had revenue of $263.31 million during the quarter, compared to analyst estimates of $263.43 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts expect that MGIC Investment Corporation will post $1.13 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the company. BidaskClub downgraded MGIC Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BTIG Research reiterated a “buy” rating and set a $14.00 price target (up from $12.00) on shares of MGIC Investment Corporation in a report on Saturday, July 22nd. Deutsche Bank AG increased their price target on MGIC Investment Corporation from $13.00 to $13.50 and gave the stock a “buy” rating in a report on Friday, July 21st. ValuEngine upgraded MGIC Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded MGIC Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.80.
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About MGIC Investment Corporation
MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. 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.
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