MGIC Investment Corp. (MTG) EPS Estimated At $0.26

September 17, 2017 - By Winifred Garcia

 MGIC Investment Corp. (MTG) EPS Estimated At $0.26
Investors sentiment decreased to 1.13 in 2016 Q4. Its down 0.02, from 1.15 in 2016Q3. It dived, 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.
D E Shaw Incorporated invested 0.03% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Highbridge Cap Lc, New York-based fund reported 17,629 shares. Blackrock Invest Management Ltd Liability Corporation has 1.38M shares for 0.02% of their portfolio. Raymond James And Associate reported 0% in MGIC Investment Corp. (NYSE:MTG). Shelton Cap Mgmt holds 0.03% or 28,000 shares in its portfolio. Moreover, Platinum Investment Limited has 0.08% invested in MGIC Investment Corp. (NYSE:MTG) for 274,700 shares. Group One Trading Lp invested in 92,699 shares or 0.01% of the stock. 2.16M are owned by Heartland Advsrs. Seawolf Cap Lc, a New York-based fund reported 80,600 shares. Sg Mgmt owns 207,271 shares. Guggenheim Limited Company invested in 0.01% or 256,345 shares. Strs Ohio holds 66,500 shares. 12,552 are held by Private Advisor Group Inc Llc. Susquehanna Gp Llp holds 0.01% or 1.02M shares in its portfolio. Proshare Advisors Ltd Liability Com stated it has 100,406 shares or 0.01% of all its holdings.

Investors wait MGIC Investment Corp. (NYSE:MTG) to report on October, 17. its quarterly earnings Wall Street analysts expect $0.26 EPS, up $0.01 or 4.00 % from last year’s $0.25 same quarter earnings. This translates into $96.44 million profit for MTG giving the stock a 11.25 P/E. This is assuming the current $0.26 EPS is accurate. MGIC Investment Corp.’s Wall Street analysts see -16.13 % negative EPS growth, taking into account the $0.31 EPS reproted in the previous quarter, 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. On Wednesday, April 20 the stock rating was downgraded by Compass Point to “Neutral”. The stock of MGIC Investment Corp. (NYSE:MTG) has “Mkt Perform” rating given on Friday, October 16 by FBR Capital. As per Tuesday, July 18, the company rating was maintained by BTIG Research. The stock has “Outperform” rating by FBR Capital on Wednesday, July 20. As per Monday, October 17, the company rating was initiated by Bank of America. Deutsche Bank upgraded the shares of MTG in report on Monday, December 12 to “Buy” rating. On Monday, February 13 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Buy” rating given on Thursday, January 21 by M Partners. Credit Suisse maintained the stock with “Neutral” rating in Monday, May 2 report. The firm earned “Buy” rating on Friday, July 21 by Deutsche Bank.

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 Finance.Yahoo.com which published an article titled: “MGIC Investment vs. Radian Group: Which Stock Fares Better?” on September 13, 2017.

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