EPS for MGIC Investment Corporation (MTG) Expected At $0.35

June 15, 2018 - By John Moody

MGIC Investment Corporation (NYSE:MTG) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.44, from 1.32 in 2017Q4. It dropped, 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.
Ls Investment Advsr Limited Liability holds 0% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 1,400 shares. Magnetar Financial Lc has invested 0% in MGIC Investment Corporation (NYSE:MTG). Cim Invest Mangement holds 36,805 shares or 0.16% of its portfolio. Optimum Invest Advisors holds 5,000 shares or 0.02% of its portfolio. Moreover, Macquarie Group has 0.11% invested in MGIC Investment Corporation (NYSE:MTG). The Ohio-based Victory has invested 0.13% in MGIC Investment Corporation (NYSE:MTG). Eaton Vance Mngmt stated it has 0.07% of its portfolio in MGIC Investment Corporation (NYSE:MTG). Ajo Limited Partnership invested in 5.00 million shares or 0.3% of the stock. Legal & General Gru Pcl owns 198,684 shares. 1.29M are held by Counselors Of Maryland Ltd Liability Corp. Vanguard Gru reported 36.90 million shares or 0.02% of all its holdings. Bnp Paribas Arbitrage owns 0% invested in MGIC Investment Corporation (NYSE:MTG) for 568,803 shares. Cibc Asset has 0% invested in MGIC Investment Corporation (NYSE:MTG). Bank & Trust Of Montreal Can reported 0.01% stake. New York-based Mufg Americas has invested 0% 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. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. The rating was upgraded by Deutsche Bank on Monday, January 8 to “Buy”. The rating was maintained by Susquehanna on Thursday, January 4 with “Buy”. The company was downgraded on Thursday, April 19 by Wells Fargo. The company was maintained on Thursday, April 19 by Keefe Bruyette & Woods. BTIG Research maintained it with “Buy” rating and $1800 target in Thursday, April 26 report. The stock has “Sell” rating by Bank of America on Wednesday, June 13. The firm has “Buy” rating by RBC Capital Markets given on Thursday, January 18. Susquehanna maintained the stock with “Buy” rating in Wednesday, April 18 report. The stock has “Buy” rating by Susquehanna 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: Benzinga.com which released: “MGIC Downgraded As Shares Close In On BofA’s Price Target” on June 13, 2018, also Prnewswire.com published article titled: “MGIC Receives Highest WELCOA Well Workplace Award”, Streetinsider.com published: “UPDATE: BofA/Merrill Lynch Downgrades MGIC Investment (MTG) to Underperform Citing Limited Upside Potential” 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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