EPS for MGIC Investment Corporation (MTG) Expected At $0.35

June 21, 2018 - By Marie Mckinney

MGIC Investment Corporation (NYSE:MTG) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.44, from 1.32 in 2017Q4. It dived, as 38 investors sold MGIC Investment Corporation shares while 100 reduced holdings. 35 funds opened positions while 87 raised stakes. 331.27 million shares or 1.30% less from 335.64 million shares in 2017Q4 were reported.
48,587 were accumulated by Verition Fund Limited Liability Co. Loomis Sayles & Ltd Partnership holds 2,605 shares or 0% of its portfolio. North Carolina-based Salem Inv Counselors Inc has invested 0% in MGIC Investment Corporation (NYSE:MTG). Fil has 0.03% invested in MGIC Investment Corporation (NYSE:MTG). Moreover, First Mercantile Trust Company has 0.03% invested in MGIC Investment Corporation (NYSE:MTG) for 11,090 shares. Credit Suisse Ag holds 543,377 shares. Eagleclaw Cap Managment Ltd Llc holds 0.3% or 44,800 shares in its portfolio. Odey Asset holds 125,820 shares. 12,795 were reported by Cibc Asset Mngmt. Gateway Advisers Ltd Limited Liability Company has 0.01% invested in MGIC Investment Corporation (NYSE:MTG). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment accumulated 546,116 shares or 0.07% of the stock. Monarch Prns Asset Mngmt Limited Liability holds 0.97% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 800,760 shares. Wisconsin-based Sva Plumb Wealth Mngmt Lc has invested 0.03% in MGIC Investment Corporation (NYSE:MTG). Price T Rowe Inc Md holds 2.43 million shares. Virginia Retirement Systems Et Al invested in 0.02% or 110,000 shares.

Analysts expect MGIC Investment Corporation (NYSE:MTG) to report $0.35 EPS on July, 19.They anticipate $0.04 EPS change or 12.90 % from last quarter’s $0.31 EPS. MTG’s profit would be $129.98M giving it 8.09 P/E if the $0.35 EPS is correct. After having $0.38 EPS previously, MGIC Investment Corporation’s analysts see -7.89 % EPS growth. The stock increased 0.89% or $0.1 during the last trading session, reaching $11.32. About 2.59 million shares traded. MGIC Investment Corporation (NYSE:MTG) has declined 2.69% since June 21, 2017 and is downtrending. It has underperformed by 15.26% the S&P500.

MGIC Investment Corporation (NYSE:MTG) Ratings Coverage

Among 11 analysts covering MGIC Investment (NYSE:MTG), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. MGIC Investment had 20 analyst reports since December 21, 2017 according to SRatingsIntel. RBC Capital Markets maintained MGIC Investment Corporation (NYSE:MTG) rating on Thursday, January 18. RBC Capital Markets has “Buy” rating and $20.0 target. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was downgraded by Bank of America on Wednesday, June 13 to “Sell”. The company was downgraded on Tuesday, April 10 by RBC Capital Markets. Keefe Bruyette & Woods maintained the shares of MTG in report on Tuesday, April 10 with “Buy” rating. The rating was maintained by Deutsche Bank on Tuesday, April 10 with “Buy”. Barclays Capital maintained it with “Overweight” rating and $16 target in Wednesday, April 11 report. The stock of MGIC Investment Corporation (NYSE:MTG) earned “Hold” rating by Bank of America on Tuesday, April 10. The firm has “Market Perform” rating given on Thursday, April 19 by Wells Fargo. The stock of MGIC Investment Corporation (NYSE:MTG) earned “Buy” rating by Deutsche Bank on Monday, January 8.

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 market cap of $4.20 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. It has a 10.42 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.

More important recent MGIC Investment Corporation (NYSE:MTG) news were published by: Prnewswire.com which released: “MGIC Receives Highest WELCOA Well Workplace Award” on June 11, 2018, also Streetinsider.com published article titled: “UPDATE: BofA/Merrill Lynch Downgrades MGIC Investment (MTG) to Underperform Citing Limited Upside Potential”, Seekingalpha.com published: “MGIC Investment May insurance in force up 7.4%, delinquencies down 10.5%” on June 08, 2018. More interesting news about MGIC Investment Corporation (NYSE:MTG) was released by: Benzinga.com and their article: “MGIC Downgraded As Shares Close In On BofA’s Price Target” with publication date: June 13, 2018.

MGIC Investment Corporation (NYSE:MTG) Institutional Positions Chart

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