MGIC Investment Corporation (MTG) EPS Estimated At $0.35 on July, 19

June 29, 2018 - By Loretta Love

MGIC Investment Corporation (NYSE:MTG) Corporate Logo
Big Money Sentiment decreased to 0.88 in Q1 2018. It has change of 0.44, from 2017Q4’s 1.32. The ratio dropped due to MGIC Investment Corporation positioning: 38 sold and 100 reduced. 35 funds took positions and 87 increased positions. Investors holded 335.64 million in 2017Q4 but now own 331.27 million shares or 1.30% less.
The Texas-based Oxbow Advisors Limited Liability Company has invested 0.36% in MGIC Investment Corporation (NYSE:MTG). Hancock Holdg holds 0.06% or 107,730 shs in its capital. Clearbridge Invests Ltd Liability Company invested in 0.07% or 5.72 million shs. Sterling Management Limited Co has 171,318 shs for 0.02% of their capital. 200,000 are held by Oaktree Capital Mngmt Ltd Partnership. Paloma Prns Co accumulated 52,612 shs. Private Ocean Ltd Liability Corporation owns 2,501 shs. 1.05M were accumulated by Parametric Portfolio Assoc. Employees Retirement Association Of Colorado holds 0.01% or 64,045 shs. Gsa Prtn Limited Liability Partnership owns 65,729 shs. Brant Point Investment Ltd invested in 0.21% or 222,643 shs. Eaton Vance Management owns 2.25 million shs or 0.07% of their US capital. 51,121 were accumulated by Lingohr And Partner Asset Management Gmbh. Schwab Charles Mngmt Inc accumulated 3.23M shs or 0.03% of the stock. The New Jersey-based Systematic Financial Mngmt L P has invested 0.03% in MGIC Investment Corporation (NYSE:MTG).

On July, 19. Investors wait MGIC Investment Corporation (NYSE:MTG) to report its quarterly earnings, Zacks reports. Analysts have expectation on stock’s EPS of $0.35. That’s up 12.90 % from last year’s $0.31 EPS. If EPS of $0.35 is reported the profit of MTG could be $128.62 million giving it 7.76 P/E. After $0.38 EPS was reported last quarter, analysts now see negative EPS growth of -7.89 % for MGIC Investment Corporation. Ticker’s shares touched $10.86 during the last trading session after 1.02% change.MGIC Investment Corporation has volume of 895,810 shares. Since June 29, 2017 MTG has declined 2.69% and is downtrending. MTG underperformed by 15.26% the S&P 500.

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. The stock rating was maintained by Susquehanna with “Buy” on Thursday, January 4. On Tuesday, April 10 the stock of MGIC Investment Corporation (NYSE:MTG) earned “Buy” rating by Deutsche Bank. On Thursday, April 26 the rating was maintained by BTIG Research with “Buy”. On Thursday, January 18 RBC Capital Markets maintained MGIC Investment Corporation (NYSE:MTG) with “Buy” rating. On Wednesday, June 13 the stock has “Sell” rating by Bank of America. In Tuesday, April 10 report Susquehanna maintained the stock with “Buy” rating. The company rating was maintained by BTIG Research on Monday, April 9. On Friday, January 19 the firm has “Buy” rating by Keefe Bruyette & Woods given. On Thursday, January 18 FBR Capital maintained MGIC Investment Corporation (NYSE:MTG) rating. FBR Capital has “Buy” rating and $19.0 target. On Thursday, April 19 the rating was downgraded by Wells Fargo to “Market Perform”.

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 recently 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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