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

September 17, 2017 - By wolcottdaily

 Analysts See $0.26 EPS for MGIC Investment Corp. (MTG)
Investors sentiment decreased to 1.13 in 2016 Q4. Its down 0.02, from 1.15 in 2016Q3. It is negative, 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.
29,481 are owned by Ameritas Invest. Art Advsrs Lc stated it has 0.1% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Herndon Management Ltd Liability Com has invested 0% in MGIC Investment Corp. (NYSE:MTG). State Board Of Administration Of Florida Retirement System invested in 0.01% or 256,789 shares. Moreover, Bank & Trust Of America Corporation De has 0.01% invested in MGIC Investment Corp. (NYSE:MTG). Fmr Lc accumulated 15.30M shares or 0.02% of the stock. Tiaa Cref Investment Limited Liability owns 1.48 million shares for 0.01% of their portfolio. California Pub Employees Retirement has 670,700 shares for 0.01% of their portfolio. Verition Fund Management Ltd stated it has 25,456 shares. Tfs Capital Ltd invested in 43,785 shares or 0.12% of the stock. Credit Suisse Ag invested in 396,849 shares. Reliance Tru Of Delaware holds 0.02% of its portfolio in MGIC Investment Corp. (NYSE:MTG) for 15,035 shares. New Generation Advsr Ltd Com stated it has 656,949 shares or 3.59% of all its holdings. Pdts Ptnrs Llc stated it has 0.48% in MGIC Investment Corp. (NYSE:MTG). Tennessee-based First Mercantile Communications has invested 0.11% in MGIC Investment Corp. (NYSE:MTG).

Analysts await MGIC Investment Corp. (NYSE:MTG) to report earnings on October, 17. They expect $0.26 EPS, 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 EPS 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 5.02M 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 firm has “Outperform” rating given on Wednesday, July 20 by FBR Capital. M Partners maintained MGIC Investment Corp. (NYSE:MTG) rating on Thursday, January 21. M Partners has “Buy” rating and $10 target. On Monday, February 13 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Buy” rating by Deutsche Bank given on Monday, December 12. The firm has “Buy” rating by Compass Point given on Wednesday, August 12. Compass Point maintained the stock with “Neutral” rating in Tuesday, May 10 report. The rating was maintained by Credit Suisse with “Neutral” on Monday, May 2. The firm earned “Neutral” rating on Wednesday, April 20 by Compass Point. The firm has “Buy” rating given on Tuesday, July 18 by BTIG Research. FBR Capital maintained MGIC Investment Corp. (NYSE:MTG) on Thursday, July 20 with “Buy” rating.

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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