News articles about MGIC Investment Corporation (NYSE:MTG) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGIC Investment Corporation earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.5543405237942 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- MGIC Investment Corporation (MTG) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- MGIC Investment Corporation (MTG) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Technical Snapshots for Investors: MGIC Investment Corporation (NYSE:MTG) – Alpha Beta Stock (alphabetastock.com)
- Stocks In Buy Zone Ahead Of Earnings: MGIC Investment (finance.yahoo.com)
- MGIC Mortgage Insurance Now Available Through Mortgage Cadence’s Enterprise Lending Center Loan Origination System (markets.businessinsider.com)
MGIC Investment Corporation (NYSE:MTG) opened at 12.47 on Monday. The stock has a market capitalization of $4.62 billion, a PE ratio of 12.84 and a beta of 2.16. MGIC Investment Corporation has a 1-year low of $7.84 and a 1-year high of $12.65. The stock’s 50 day moving average price is $11.75 and its 200 day moving average price is $11.16.
MGIC Investment Corporation (NYSE:MTG) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. MGIC Investment Corporation had a return on equity of 16.56% and a net margin of 34.99%. The firm had revenue of $263.31 million for the quarter, compared to the consensus estimate of $263.43 million. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that MGIC Investment Corporation will post $1.14 earnings per share for the current fiscal year.
A number of equities analysts have commented on MTG shares. Zacks Investment Research raised MGIC Investment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, August 22nd. BidaskClub raised MGIC Investment Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Deutsche Bank AG lifted their price target on MGIC Investment Corporation from $13.00 to $13.50 and gave the stock a “buy” rating in a research note on Friday, July 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $13.00 price target on shares of MGIC Investment Corporation in a research note on Thursday, August 31st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $14.00 price target (up from $12.00) on shares of MGIC Investment Corporation in a research note on Saturday, July 22nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $12.25.
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MGIC Investment Corporation 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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