$0.28 EPS Expected for MGIC Investment Corporation (MTG)

January 17, 2018 - By Winifred Garcia

 $0.28 EPS Expected for MGIC Investment Corporation (MTG)
Investors sentiment increased to 1.15 in Q3 2017. Its up 0.07, from 1.08 in 2017Q2. It increased, as 20 investors sold MGIC Investment Corporation shares while 89 reduced holdings. 37 funds opened positions while 88 raised stakes. 333.10 million shares or 3.73% more from 321.13 million shares in 2017Q2 were reported.
Virginia Retirement Et Al stated it has 176,100 shares or 0.03% of all its holdings. Paloma Prtn Mngmt Co accumulated 44,385 shares or 0.01% of the stock. 69,825 are held by Gargoyle Invest Advisor. Clinton Inc accumulated 124,324 shares. 190,256 are owned by Zacks Investment Mgmt. Stephens Ar stated it has 0.01% in MGIC Investment Corporation (NYSE:MTG). Loring Wolcott Coolidge Fiduciary Advsr Llp Ma stated it has 84 shares or 0% of all its holdings. Meeder Asset Inc stated it has 0.1% in MGIC Investment Corporation (NYSE:MTG). Trust Of Toledo Na Oh holds 13,874 shares. Stifel holds 0% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 18,625 shares. Virginia-based Quantitative Invest Mngmt Limited Liability has invested 0.02% in MGIC Investment Corporation (NYSE:MTG). Ci Investments Inc owns 56,700 shares. The Massachusetts-based Bogle Invest Mgmt L P De has invested 0.09% in MGIC Investment Corporation (NYSE:MTG). Brandywine Glob Inv Mgmt Limited Liability Co has invested 0.11% in MGIC Investment Corporation (NYSE:MTG). Oxbow Advsrs Limited Com accumulated 190,100 shares or 0.45% of the stock.

Analysts expect MGIC Investment Corporation (NYSE:MTG) to report $0.28 EPS on January, 18.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.28 EPS. MTG’s profit would be $103.76M giving it 13.50 P/E if the $0.28 EPS is correct. After having $0.32 EPS previously, MGIC Investment Corporation’s analysts see -12.50 % EPS growth. It closed at $15.12 lastly. It is up 60.12% since January 17, 2017 and is uptrending. It has outperformed by 43.42% the S&P500.

MGIC Investment Corporation (NYSE:MTG) Ratings Coverage

Among 13 analysts covering MGIC Investment Corp. (NYSE:MTG), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. MGIC Investment Corp. had 38 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of MGIC Investment Corporation (NYSE:MTG) has “Outperform” rating given on Monday, February 13 by FBR Capital. Deutsche Bank downgraded the shares of MTG in report on Friday, November 3 to “Hold” rating. On Monday, May 2 the stock rating was maintained by Credit Suisse with “Neutral”. Deutsche Bank maintained MGIC Investment Corporation (NYSE:MTG) rating on Friday, July 21. Deutsche Bank has “Buy” rating and $13.5 target. FBR Capital maintained it with “Outperform” rating and $9 target in Wednesday, July 20 report. The firm earned “Mkt Perform” rating on Friday, January 22 by FBR Capital. Bank of America maintained the stock with “Buy” rating in Friday, October 20 report. The rating was upgraded by Deutsche Bank on Monday, December 12 to “Buy”. The rating was maintained by Compass Point with “Buy” on Wednesday, August 12. The stock of MGIC Investment Corporation (NYSE:MTG) has “Mkt Perform” rating given on Friday, October 16 by FBR Capital.

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 $5.60 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 13.35 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.

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