As of July, 19 Analysts See $0.35 EPS for MGIC Investment Corporation (MTG)

June 29, 2018 - By Bridget Boland

MGIC Investment Corporation (NYSE:MTG) Corporate Logo
During 2018 Q1 the big money sentiment decreased to 0.88. That’s change of 0.44, from 2017Q4’s 1.32. 38 investors sold all, 100 reduced holdings as MGIC Investment Corporation ratio worsened. 87 increased holdings while 35 funds bought holdings. Funds hold 331.27 million shares thus 1.30% less from 2017Q4’s 335.64 million shares.
Mcf Limited Co has 110,626 shs for 0.28% of their capital. Creative Planning holds 14,118 shs or 0% of its capital. Alpha Cubed Investments Limited Liability Company stated it has 10,000 shs. Bluecrest Management stated it has 0.03% of its capital in MGIC Investment Corporation (NYSE:MTG). Select Equity L P invested in 0% or 1.64 million shs. Wells Fargo And Mn invested in 0.01% or 1.92 million shs. The Switzerland-based Swiss National Bank & Trust has invested 0.01% in MGIC Investment Corporation (NYSE:MTG). Cipher Capital L P has 0.06% invested in MGIC Investment Corporation (NYSE:MTG) for 36,398 shs. Victory Management reported 4.75 million shs stake. Susquehanna Intl Grp Ltd Liability Partnership reported 0% of its capital in MGIC Investment Corporation (NYSE:MTG). Ls Invest Advisors Limited Liability holds 1,400 shs. The New York-based Linden Advsr L P has invested 0.04% in MGIC Investment Corporation (NYSE:MTG). Moreover, Teewinot Capital Advisers Ltd Llc has 3.82% invested in MGIC Investment Corporation (NYSE:MTG) for 830,621 shs. 5,000 were reported by Optimum Advsr. Etrade Capital Mngmt Ltd Liability Corp reported 0.02% in MGIC Investment Corporation (NYSE:MTG).

MGIC Investment Corporation (NYSE:MTG) is awaited to announce earnings on July, 19., Faxor reports. Last year’s earnings per share was $0.31, while now analysts expect change of 12.90 % up from current $0.35 earnings per share. In case of $0.35 earnings per share MTG’s profit could hit $128.62 million. Wall Street predicts -7.89 % negative EPS growth as of July, 19. Ticker’s shares touched $10.86 during the last trading session after 1.02% change.Currently MGIC Investment Corporation is downtrending after 2.69% change in last June 29, 2017. MTG has 895,810 shares volume. MTG underperformed by 15.26% the S&P500.

MGIC Investment Corporation (NYSE:MTG) Ratings Coverage

A total of 11 analysts rate MGIC Investment (NYSE:MTG) as follows: 8 “Buy”, 2 “Hold” and 1 “Sell”. Тherefore 73% are bullish. (NYSE:MTG) has 19 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Wednesday, April 11 Barclays Capital maintained MGIC Investment Corporation (NYSE:MTG) with “Overweight” rating. On Friday, January 19 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Tuesday, April 10 the rating was maintained by B. Riley & Co with “Buy”. On Tuesday, April 10 the rating was downgraded by Bank of America to “Hold”. On Thursday, April 19 the firm earned “Buy” rating by Keefe Bruyette & Woods. On Thursday, January 18 FBR Capital maintained MGIC Investment Corporation (NYSE:MTG) with “Buy” rating. In Thursday, April 26 report BTIG Research maintained the stock with “Buy” rating. On Thursday, January 4 the firm earned “Buy” rating by Susquehanna. On Tuesday, April 10 the firm has “Buy” rating given by Keefe Bruyette & Woods. On Tuesday, April 10 the rating was maintained by Susquehanna with “Buy”.

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 $3.99 billion market cap. 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.The P/E ratio is 10. 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.

Another two news for MGIC Investment Corporation (NYSE:MTG) were briefly brought out by: Benzinga.com on June 13, 2018 with title “MGIC Downgraded As Shares Close In On BofA’s Price Target”. The other Seekingalpha.com‘s article was titled “MGIC Investment May insurance in force up 7.4%, delinquencies down 10.5%” and brought out on June 08, 2018.

MGIC Investment Corporation (NYSE:MTG) Institutional Investors Chart

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