News coverage about MGIC Investment (NYSE:MTG) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGIC Investment earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.6761707790868 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Analysts’ Recommendation in Spotlight – MGIC Investment Corporation (NYSE: MTG) – Alpha Beta Stock (alphabetastock.com)
- Analysts Watch-List Stock: MGIC Investment Corporation (MTG) – Wall Street Morning (wallstreetmorning.com)
- MGIC Announces Enhancement to FICS’ Loan Producer – PR Newswire (press release) (prnewswire.com)
- Traders Purchase High Volume of Put Options on MGIC Investment (MTG) (americanbankingnews.com)
- BRIEF-Atrium Mortgage Investment Corporation Announces $30 Million Public Offering Of Common Shares (reuters.com)
A number of research analysts recently issued reports on MTG shares. Wells Fargo & Co restated an “outperform” rating and set a $17.00 target price on shares of MGIC Investment in a research report on Tuesday, November 28th. Royal Bank of Canada assumed coverage on shares of MGIC Investment in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $18.00 price objective for the company. BTIG Research upped their price objective on shares of MGIC Investment from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Deutsche Bank upgraded shares of MGIC Investment from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $18.00 in a research report on Monday, January 8th. Finally, ValuEngine downgraded shares of MGIC Investment from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.39.
Shares of MGIC Investment (MTG) traded down $0.37 during mid-day trading on Wednesday, hitting $12.95. 2,636,221 shares of the stock traded hands, compared to its average volume of 2,888,072. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.18 and a current ratio of 0.18. MGIC Investment has a 52-week low of $9.68 and a 52-week high of $16.21. The firm has a market cap of $4,954.72, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.33 and a beta of 2.27.
MGIC Investment (NYSE:MTG) last released its earnings results on Thursday, January 18th. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.16. MGIC Investment had a net margin of 33.37% and a return on equity of 17.36%. The company had revenue of $271.50 million for the quarter, compared to analyst estimates of $273.66 million. During the same period in the prior year, the business earned $0.28 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. analysts forecast that MGIC Investment will post 1.43 EPS for the current fiscal year.
MGIC Investment Company Profile
MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. 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.
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