Economy

BlackRock Inc. Has $252.46 Million Position in MGIC Investment Corporation (NYSE:MTG)

Overall, the share price is down -35.66% year to date.

Despite the fact MGIC Investment Corporation (NYSE:MTG) was trading at volume less than average, prior 52-week high was $11.69 and surged 86.74% over the same period, trading at a volume of 2.9 million.

By historical standards, MGIC Investment Corporation (NYSE:MTG) remains a cheap stock.

About 301,266 shares traded.

The price/earnings ratio (P/E) is 12.54 and the forward P/E ratio stands at 10.15. It has outperformed by 43.42% the S&P500. However, the stock is trading at -0.04% versus recent highs ($11.76). The 1-year high was reported on Jul, 12 by Barchart.com. If the $87.19 price target is reached, the company will be worth $2.29 billion more. About 453,730 shares traded. TE Connectivity Ltd (NYSE:TEL) has risen 29.30% since July 12, 2016 and is uptrending. It has outperformed by 12.60% the S&P500.

Investors sentiment decreased to 1.13 in Q4 2016. Its up 0.03, from 0.94 in 2016Q3. It dropped, as 30 investors sold MTG shares while 81 reduced holdings. Noting its average daily volume at 0.34 million shares each day over the month, this signifies a pretty significant change over the norm. As per Tuesday, September 1, the company rating was upgraded by Zacks. California State Teachers Retirement System holds 703,980 shares or 0.01% of its portfolio. Moreover, Capital Impact Advisors Llc has 0.52% invested in the company for 65,243 shares. 85,845 were reported by Blackrock Mngmt Limited Liability Corp.

The total number of shares percentage held by insiders is about 0.96% while the number of Shares % held by institutions is 106.3%. Bancorporation Of America De holds 147,566 shares. Wellington Management Grp Ltd Liability Partnership invested in 0% or 32,248 shares. MGIC Investment Corporation's sales went up.9% on a YOY basis. Silvercrest Asset Management Group Inc Limited Liability Company holds 0.01% or 74,500 shares in its portfolio. Proshare Limited Co has invested 0.01% in MGIC Investment Corp.

Shares of MGIC Investment Corporation (NYSE MTG) opened at 11.60 on Friday.

11/28/2016 - MGIC Investment Corporation had its "neutral" rating reiterated by analysts at Credit Suisse. (NYSE:MTG), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. According to these analysts, the Low Revenue Estimate for MGIC Investment Corp.is 260.7 Million and the High Revenue Estimate is 269 Million. ValuEngine raised MGIC Investment Corporation from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 2nd. Compass Point maintained MGIC Investment Corp. As per Thursday, April 13, the company rating was upgraded by Compass Point. So is with MGIC Investment Corporation. The Company's operating entities primarily provide services under the name Resources Global Professionals. It has a 14.36 P/E ratio. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 14.27% and has a pretty decent Year to Date (YTD) Performance of 12.86% which means the stock is constantly adding to its value from previous fiscal year end price. Stifel Nicolaus maintained TE Connectivity Ltd (NYSE:TEL) on Thursday, July 23 with "Buy" rating. The present value of the firm in the stock market is $4.38B. RBC Capital Markets has "Outperform" rating and $87 target. The firm earned "Buy" rating on Thursday, January 12 by Longbow. Simply put, readings in the range of 80% to 100% indicate that the security is oversold while readings in the 0% to 20% range suggest it is overbought. LYNCH THOMAS J also sold $9.71M worth of TE Connectivity Ltd (NYSE:TEL) shares. Given that its average daily volume over the 30 days has been 3.6 million shares a day, this signifies a pretty significant change over the norm. (NYSE:MTG) to report earnings on July, 18.

MGIC Investment Corporation had its "buy" rating reiterated by analysts at Deutsche Bank. The mean EPS estimate is $1.05. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.24 by $0.07.



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