MGIC Investment Corporation (NYSE:MTG) closed with a change of -3.97%

MGIC Investment Corporation (NYSE:MTG)'s earnings per share has been growing at a 18.7 percent rate over the past 5 year when average revenue increase was noted as -6.7 percent. Quadrature Capital Ltd now owns 86,817 shares of the insurance provider's stock valued at $885,000 after buying an additional 2,155 shares during the period.

More recent MGIC Investment Corp.

A number of equities research analysts recently commented on MTG shares. MARSHALL WACE ASIA Ltd bought a new stake in shares of MGIC Investment Corporation during the first quarter valued at $52,793,000. The institutional investor owned 21,500 shares of the insurance provider's stock at the end of the second quarter. Gotham Asset Management LLC raised its stake in MGIC Investment Corporation by 0.9% in the first quarter. BlackRock Inc. now owns 24,922,469 shares of the insurance provider's stock valued at $252,464,000 after buying an additional 24,827,763 shares during the last quarter. ValuEngine upgraded shares of MGIC Investment Corporation from a buy rating to a strong-buy rating in a report on Friday, June 2nd.

Heartland Advisors Inc, which manages about $6.06 billion and $1.81B US Long portfolio, decreased its stake in Invacare Corp (NYSE:IVC) by 238,614 shares to 2.12 million shares, valued at $27.63 million in 2016Q4, according to the filing. Moreover, Tower Rech Ltd Com (Trc) has 0.01% invested in MGIC Investment Corp. Verition Fund Limited Liability Corporation invested 0.02% in Apollo Investment Corp. Alliancebernstein L.P. claims 1,052,116 shares with a value of $11,784,000.

MGIC Investment Corporation (MTG) traded down 3.97% during mid-day trading on Friday, reaching $11.38. (NYSE:BAX) now have an ABR of 2.38.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. The firm has a market cap of $4.22 billion, a PE ratio of 11.72 and a beta of 2.08. The stock touched 52-week High of $12.25 on 07/20/17 and 52-week Low of $7.25 on 08/12/16. The firm's 50-day moving average is $11.52 and its 200-day moving average is $10.88.

MGIC Investment Corporation (NYSE:MTG) plunged -3.97% with the closing price of $11.38. The insurance provider reported $0.31 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.06.

MGIC Investment Corporation is a holding company. The company had revenue of $263.31 million for the quarter, compared to analyst estimates of $263.43 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business's revenue for the quarter was down.1% compared to the same quarter previous year. As of the latest earnings report the EPS was $0.97 and is expected to be $1.13 for the current year with 370,561,000 shares outstanding.

WARNING: This piece was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and republished in violation of USA & global trademark and copyright legislation. The legal version of this report can be accessed at

Analyst notified mean rating at 1.60 after consensus analysis.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MTG. Comerica Bank acquired a new position in MGIC Investment Corporation during the fourth quarter valued at approximately $128,000. Finally, MKM Partners restated a buy rating and issued a $13.00 price objective (up previously from $10.00) on shares of MGIC Investment Corporation in a report on Tuesday, April 25th. Deutsche Bank AG increased their target price on MGIC Investment Corporation from $13.00 to $13.50 and gave the stock a buy rating in a report on Friday, July 21st. (NYSE:MTG) has "Neutral" rating given on Wednesday, April 20 by Compass Point.

Equity analyst Deutsche Bank both upgraded the stock and raised the price target on December 12 changing the price target from $8.00 to $12.00 and moving the rating from "Hold" to "Buy". (NYSE:MTG) earned "Outperform" rating by Keefe Bruyette & Woods on Monday, October 12.

Like this


13 August 2017
Macron Urges Int'l Community to Avoid Escalation of Tensions Around N Korea
"Trump reiterated to President Macron the United States' commitment to stop the North Korean nuclear menace". The phone call with the French President came hours after Trump spoke with Chinese President Xi Jinping.

13 August 2017
Wozniacki ends Stephens' Toronto run, roars into final
Caroline Wozniacki moved into her sixth final of the year by beating Sloane Stephens 6-2 6-3 in the Rogers Cup on Saturday. All of the delays came in the first set and Wozniacki seemed to gain encouragement as she bounced back from 3-0 down.

13 August 2017
Pep Guardiola is reportedly eyeing a reunion with Sergio Busquets
With Yaya Toure and Ilkay Gundogan being more attack minded players, the need to sign a defensive midfielder has arisen. Chelsea have 13 or 14 very good players who will match anyone. "I will do my best like I did last season".

13 August 2017
Celebrity Big Brother 2017: Sarah Harding's 'boyfriend' should look away now
Harding replies: "No, I was almost , it ended six months before the wedding". "We've got our own lives going on". We're in a bubble in here and I don't want to make anyone look stupid. "I'm just trying to be a decent person".

13 August 2017
Steelers GM admits team needs to prepare for Ben Roethlisberger's retirement
The Steelers will be cautious with their 35-year-old quarterback, who's missed six games in the last two years. Among the likely tough cuts to come during this month, will be at receiver.

13 August 2017
Nordson Corporation (NDSN) Stake Decreased by Neuberger Berman Group LLC
Ladenburg Thalmann Financial Services Inc. increased its position in shares of Nordson Corporation by 41.2% in the fourth quarter. They now have a Dollars 135 price target on the stock. $108.38's average target is -15.30% below currents $127.96 stock price.

13 August 2017
Trump praises Xi for new United Nations sanctions on N.Korea
North Korea responded with a specific threat , saying it would attack the waters around the us territory of Guam. That came a day after China and Russian Federation joined with the United States in a unanimous U.N.

13 August 2017
United States destroyer challenges China's claims in South China Sea
But in recent years Beijing has managed to weaken regional resistance by courting some ASEAN members. The Philippines, Vietnam, Malaysia, Taiwan and Brunei also have overlapping claims.

12 August 2017
Arsenal rally late to defeat Leicester on opening night
ARSENAL'S ALEXANDRE LACAZETTE got his Premier League career off to the ideal start against Leicester at the Emirates this evening. Alexis will not be available for example, so I can not go into the game with too many uncertainties.

12 August 2017
FS Investment Corporation (NYSE:FSIC) Experiences Heavier than Average Trading Volume
Finally, TheStreet upgraded FS Investment Corporation from a "c" rating to a "b" rating in a report on Monday, April 17th. News coverage about FS Investment Corporation (NYSE: FSIC ) has been trending positive on Wednesday, according to Accern.