Accern also assigned news stories about the insurance provider an impact score of 53 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future. Finally, Paragon Capital Management Ltd acquired a new position in MGIC Investment Corporation during the first quarter valued at $157,000. Capital Fund Management S.A. controls 715,143 shares with a value of $8,010,000. World Asset Management Inc raised its position in MGIC Investment Corporation by 0.7% in the first quarter. Teachers Advisors LLC now owns 2,653,118 shares of the insurance provider’s stock valued at $27,035,000 after buying an additional 266,049 shares during the period. MGIC Investment Corp. (NYSE:MTG) has risen 60.12% since August 10, 2016 and is uptrending.
Proshare Advisors Llc increased Mcdonalds Corp (NYSE:MCD) stake by 111,062 shares to 653,208 valued at $79.51M in 2016Q4. Manufacturers Life Insurance Com The has invested 0% in MGIC Investment Corp. Comerica Bank bought a new position in shares of MGIC Investment Corporation during the fourth quarter worth about $128,000. Verition Fund Limited Liability Corporation invested 0.02% in Apollo Investment Corp. Nationwide Fund Advisors now owns 513,685 shares of the insurance provider’s stock valued at $5,204,000 after buying an additional 4,040 shares in the last quarter. The hedge fund run by Robert Raiff held 235,000 shares of the company at the end of 2016Q4, valued at $1.38M, down from 305,000 at the end of the previous reported quarter.
Shares of MGIC Investment Corporation (NYSE:MTG) traded down 3.97% during midday trading on Friday, hitting $11.38. About 1.67M shares traded.
The most current P/E ratio is 12.20 and the market cap is 4.39B. The stock touched 52-week High of $12.25 on 07/20/17 and 52-week Low of $7.25 on 08/12/16. It is trading at $11.46 a tad below the 50 day moving average of $11.51 and just a bit higher than the 200 day moving average of $10.87.
MGIC Investment Corporation (NYSE:MTG) plunged -3.97% with the closing price of $11.38. The insurance provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06.
MGIC Investment Corporation (MTG) stock exposed a turn of 0.59% in most recent week and accomplished 3.04% performance over the last one month. The company had revenue of $263.31 million for the quarter, compared to analyst estimates of $263.43 million. In contrast to the year ago quarter EPS was at 0.24. The business’s revenue for the quarter was down.1% compared to the same quarter past year. As of the latest earnings report the EPS was $0.97 and is projected to be $1.13 for the current year with 370,561,000 shares outstanding.
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Analyst mean recommendation on a stock by the analyst community is at 1.60.
A number of other brokerages have also recently commented on MTG. Deutsche Bank AG increased their price objective on shares of MGIC Investment Corporation from $13.00 to $13.50 and gave the company a buy rating in a research note on Friday, July 21st. The rating was upgraded by Deutsche Bank on Monday, December 12 to “Buy”. Finally, Zacks Investment Research lowered MGIC Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th.
Deutsche Bank upgraded the stock and raised the price target on December 12 boosting the price target from $8.00 to $12.00 and changing the rating from “Hold” to “Buy”. October 4 investment analysts at Keefe Bruyette & Woods made no change to the company rating of “Outperform” and lowered the price target to $9.50 from $11.50.
NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company 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.