Economy

MGIC Investment Corporation (NYSE:MTG) Earns Buy Rating from Keefe, Bruyette & Woods

Other institutional investors have also recently bought and sold shares of the company. Cantab Capital Partners Llp owns 91,292 shares valued at $1,022,000,000. Bancorporation Of Ny Mellon holds 0.01% of its portfolio in Matson, Inc. (NYSE:MTG). Commonwealth Equity Services accumulated 143,904 shares or 0.01% of the stock. On average, equities research analysts expect that MGIC Investment Corporation will post $1.14 EPS for the current fiscal year. It has outperformed by 43.42% the S&P500.

American Capital Management Inc increased its stake in Cynosure (CYNO) by 375.35% based on its latest 2016Q4 regulatory filing with the SEC. (NYSE:MTG). Returns Mgmt Llc invested in 1.47 million shares or 6.37% of the stock. The analysts estimated EPS for the higher end at 0.3 and lower end at 0.24 while the year ago reported earnings per share was 0.24.

The P/E ratio is 12.147 and market cap is 4.37B. About 676,781 shares traded or 212.91% up from the average. It is down 0.00% since September 16, 2016 and is. It has underperformed by 30.32% the S&P500. Keefe Bruyette & Woods upgraded it to "Outperform" rating and $11.50 target in Monday, October 12 report.

Are MGIC Investment Corporation (NYSE:MTG) Earnings Growing Rapidly?

For the past 5 years, MGIC Investment Corporation's EPS growth has been almost 18.7%. Deutsche Fincl Bank Ag holds 0.09% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 10.63 million shares. Therefore 33% are positive. The stock is a Buy among 19 brokerage firms polled by Factset Research. FBR Capital maintained the stock with "Mkt Perform" rating in Friday, October 16 report. The rating was upgraded by Compass Point to "Buy" on Wednesday, July 20. The firm has "Outperform" rating given on Monday, February 13 by FBR Capital.

However, the company's most recent quarter decrease of -1.4% looks unattractive. World Asset Management Inc increased its position in MGIC Investment Corporation by 0.7% during the 1st quarter. BTIG Research reaffirmed a buy rating and issued a $14.00 price objective (up from $12.00) on shares of MGIC Investment Corporation in a research note on Saturday, July 22nd. 156 funds opened positions while 618 raised stakes. 301.22 million shares or 0.38% more from 300.07 million shares in 2016Q3 were reported. Saba Mngmt Limited Partnership accumulated 358,187 shares.

MGIC Investment Corp. (MTG) has a market capitalization of 4.34 Billion which suggests the company is a huge company further suggesting that the shares of MGIC Investment Corp. Zacks Investment Research raised MGIC Investment Corporation from a hold rating to a buy rating and set a $13.00 price objective on the stock in a research report on Tuesday, August 22nd. (NYSE:MTG) has "Buy" rating given on Thursday, July 20 by FBR Capital. Main Street Ltd Limited Liability Company stated it has 121,655 shares or 2.73% of all its holdings. Gotham Asset Ltd Llc stated it has 38,245 shares or 0.01% of all its holdings. Salem Inv Counselors Inc has 0% invested in MGIC Investment Corp. Saba Lp has 0.37% invested in MGIC Investment Corp. Teacher Retirement System of Texas now owns 27,369 shares of the insurance provider's stock worth $307,000 after buying an additional 407 shares during the last quarter. Commerzbank Aktiengesellschaft Fi reported 0% in MGIC Investment Corp. The stock traded on unusually jumped down volume of 4.52 Million comparing to the average volume of 2006.95 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Walleye Trading Ltd Limited Liability Company reported 164,868 shares. BlackRock Inc. lifted its stake in MGIC Investment Corporation by 1.6% in the 2nd quarter. It tells an investor how quickly a company is increasing its revenues. Its down 0.14, from 1.22 in 2016Q3. It worsened, as 37 investors sold CYNO shares while 53 reduced holdings. Macquarie Group Inc Ltd invested 0% in MGIC Investment Corp. Victory Mngmt invested in 0.11% or 4.33M shares. Falcon Point Cap Ltd Liability Co invested 2.82% in Cynosure, Inc. Guggenheim Cap Lc holds 0.01% or 96,664 shares in its portfolio. (NASDAQ:CYNO) for 1,300 shares. (NASDAQ:CYNO). Great West Life Assurance Can has invested 0% of its portfolio in Cynosure, Inc. Cibc Asset accumulated 14,438 shares. Chicago Equity Partners LLC raised its holdings in shares of MGIC Investment Corporation by 25.9% in the 2nd quarter. (NYSE:MTG) earned "Neutral" rating by Credit Suisse on Monday, May 2. On Wednesday, August 12 the stock rating was maintained by Compass Point with "Buy". Stifel Nicolaus maintained it with "Buy" rating and $50.0 target in Tuesday, January 5 report. Hsieh Jackson bought $99,830 worth of stock. On Thursday, November 5 the stock rating was maintained by Morgan Stanley with "Overweight". (NYSE:MTG) has "Outperform" rating given on Thursday, June 30 by FBR Capital. The firm has "Sell" rating by Jyske Bank given on Friday, October 30.

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