MGIC Investment Corporation (MTG) EPS Estimated At $0.35

June 15, 2018 - By Ruby Caswell

MGIC Investment Corporation (NYSE:MTG) LogoInvestors sentiment decreased to 0.88 in 2018 Q1. 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.
Johnson Finance Gru Incorporated reported 0.07% stake. Gotham Asset Management reported 29,451 shares or 0.01% of all its holdings. Benjamin F Edwards & owns 100 shares. Citigroup Inc reported 0% of its portfolio in MGIC Investment Corporation (NYSE:MTG). Aqr Capital Mgmt Ltd Liability Company holds 2.60M shares. Moreover, Goelzer Inv Mngmt has 0.27% invested in MGIC Investment Corporation (NYSE:MTG). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt invested in 0.07% or 546,116 shares. Northern Trust Corporation holds 6.91M shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in MGIC Investment Corporation (NYSE:MTG). Illinois-based Lsv Asset Mgmt has invested 0.28% in MGIC Investment Corporation (NYSE:MTG). Verition Fund Mngmt Ltd Company has 48,587 shares. Assetmark Inc holds 0% or 539 shares. Caprock Group Inc invested in 13,600 shares. The Japan-based Sumitomo Mitsui Asset Mgmt Limited has invested 0.03% in MGIC Investment Corporation (NYSE:MTG). Zacks Invest Mgmt stated it has 0.08% in MGIC Investment Corporation (NYSE:MTG).

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 $129.98 million giving it 7.84 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 decreased 0.90% or $0.1 during the last trading session, reaching $10.97. About 3.01M shares traded. MGIC Investment Corporation (NYSE:MTG) has declined 2.69% since June 15, 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 22 analyst reports since December 20, 2017 according to SRatingsIntel. BTIG Research maintained it with “Buy” rating and $1800 target in Monday, April 9 report. Keefe Bruyette & Woods maintained MGIC Investment Corporation (NYSE:MTG) rating on Tuesday, April 10. Keefe Bruyette & Woods has “Buy” rating and $1600 target. Susquehanna maintained MGIC Investment Corporation (NYSE:MTG) on Tuesday, April 10 with “Buy” rating. BTIG Research maintained the shares of MTG in report on Wednesday, December 20 with “Buy” rating. The stock has “Overweight” rating by Barclays Capital on Wednesday, April 11. On Thursday, April 26 the stock rating was maintained by BTIG Research with “Buy”. The stock of MGIC Investment Corporation (NYSE:MTG) earned “Buy” rating by Susquehanna on Wednesday, April 18. FBR Capital maintained MGIC Investment Corporation (NYSE:MTG) rating on Thursday, January 18. FBR Capital has “Buy” rating and $19.0 target. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, April 19. The stock of MGIC Investment Corporation (NYSE:MTG) earned “Buy” rating by B. Riley & Co on Tuesday, April 10.

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 $4.07 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 10.1 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: Streetinsider.com which released: “UPDATE: BofA/Merrill Lynch Downgrades MGIC Investment (MTG) to Underperform Citing Limited Upside Potential” on June 13, 2018, also Prnewswire.com published article titled: “MGIC Receives Highest WELCOA Well Workplace Award”, Benzinga.com published: “MGIC Downgraded As Shares Close In On BofA’s Price Target” on June 13, 2018. More interesting news about MGIC Investment Corporation (NYSE:MTG) was released by: Nasdaq.com and their article: “5 Insurers in Focus as Fed Hikes Rate, Raises Economic View” with publication date: June 14, 2018.

MGIC Investment Corporation (NYSE:MTG) Institutional Positions Chart

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