Economy

MGIC Investment Corporation (MTG) Price Target Raised to $16.00 at MKM Partners

(NYSE:MTG) for 6.55 million shares. James Investment Research Inc. lifted its position in MGIC Investment Corporation by 304.4% during the second quarter. The stock increased 3.28% or $0.43 during the last trading session, reaching $13.54. Finally, Macquarie Group Ltd. increased its stake in MGIC Investment Corporation by 2,892.3% during the first quarter. (NYSE:MTG) has risen 60.12% since October 19, 2016 and is uptrending. It has outperformed by 43.42% the S&P500. Janus Henderson Group PLC acquired a new stake in shares of MGIC Investment Corporation in the second quarter worth $45,117,000.

The company now has a P/E ratio of 14.09 and market capitalization is 5.07B. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. It has a 20.94 P/E ratio. 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. Tealwood Asset Management Inc trimmed its ownership by selling 3,735 shares a decrease of 1.4% as of 09/30/2017. Its down 0.14, from 1.22 in 2017Q1.

Traders are a little more bullish on shares of the company of late looking at the change in short interest. 321.13 million shares or 5.08% more from 305.62 million shares in 2017Q1 were reported. The original version of this story can be read at https://www.dispatchtribunal.com/2017/10/20/mgic-investment-corporation-mtg-earns-buy-rating-from-analysts-at-compass-point.html. Nisa Investment Advisors, LLC now holds 3,190 shares with a value of $40,000. Wells Fargo & Commerce Mn owns 1.35 million shares or 0% of their United States portfolio. 505,727 are owned by Oarsman Capital Inc. Prudential Financial Inc. now owns 2,426,760 shares of the insurance provider's stock worth $27,180,000 after buying an additional 704,210 shares during the period. According to today's trading volume MGIC Investment Corp.is ABOVE its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. Its weekly and monthly volatility is 2.35%, 1.58% respectively. Moreover, Jane Street Limited Company has 0% invested in MGIC Investment Corp. The interpretation is that MTG's business generates a higher return on investment than RDN's. Martingale Asset Mngmt Ltd Partnership has invested 0.04% in MGIC Investment Corp. (NYSE:MTG). Anchor Advsr, Massachusetts-based fund reported 77,553 shares.

MGIC Investment Corp. (NYSE:MTG) touched its 1-Year High price of $13.83 on 10/19/17 and its 1-Year Low price of $ 7.94 on 11/03/16.

Among 9 analysts covering MGIC Investment Corp. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Therefore 80% are positive. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market. The firm has "Outperform" rating by Keefe Bruyette & Woods given on Monday, October 12. In this case performance of tends to percentage rate of return for a stock for a given time frame. FBR Capital maintained it with "Outperform" rating and $13 target in Monday, February 13 report. BTIG Research restated a "buy" rating and set a $14.00 price objective (up previously from $12.00) on shares of MGIC Investment Corporation in a research report on Saturday, July 22nd. M Partners maintained MGIC Investment Corp. The rating was upgraded by FBR Capital to "Outperform" on Thursday, June 30. The company was maintained on Thursday, January 21 by M Partners. (NYSE:MTG) on Tuesday, August 25 with "Buy" rating. The firm has "Neutral" rating given on Tuesday, May 10 by Compass Point. (MTG) is 10.7 percent. Deutsche Bank AG upped their price objective on MGIC Investment Corporation from $13.00 to $13.50 and gave the company a "buy" rating in a research report on Friday, July 21st. The stock has "Hold" rating by Jefferies on Friday, July 28.

AK Steel Holding Corporation (NYSE:AKS) has became attention seeker from the inquisitor when it experienced a change of 5.12%, When the opening bell rang, the price was $5.73.Whereas, in last 21 trading days was 6.06% and moved up in last 63 trading days of -7.89%.



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