Economy

Bank of America Corp. Initiates Coverage on MGIC Investment Corp. (MTG)

Dimensional Fund Advisors LP owned 0.77% of MGIC Investment Corporation worth $31,909,000 as of its most recent filing with the Securities and Exchange Commission.

TRADEMARK VIOLATION WARNING: "MGIC Investment Corporation (MTG) Lowered to "Hold" at Deutsche Bank AG" was first reported by StockNewsTimes and is the property of of StockNewsTimes. UBS Asset Management Americas Inc. now owns 222,565 shares of the insurance provider's stock valued at $2,255,000 after buying an additional 51,709 shares during the last quarter. Reliance Trust Co. of DE purchased a new stake in MGIC Investment Corp. during the third quarter valued at $121,000. Vanguard Group Inc. now owns 34,753,956 shares of the insurance provider's stock worth $389,244,000 after acquiring an additional 3,120,511 shares during the last quarter.

Shares of Mgic Investment Corp (MTG) have a 7-day moving average of 14.09. Invictus RG now owns 13,322 shares of the company's stock valued at $102,000 after buying an additional 7,160 shares during the last quarter. Finally, Westfield Capital Management Co. PNC Financial Services Group Inc. boosted its position in MGIC Investment Corporation by 149.2% in the first quarter. Westfield Capital Management Co.

Currently, the 14-day ADX for Mgic Investment Corp (MTG) is sitting at 49.14.

This company has been competing with others in the Financial space and offers its own combination of interesting factors MGIC Investment Corporation (MTG) now trades with a market capitalization of $5.17 Billion. Millennium Lc invested 0.06% in MGIC Investment Corp. The firm has a market cap of $2.88 billion, a P/E ratio of 3.48 and a beta of 2.68. (NYSE:MTG) in a note issued to investors on Monday. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.26 by $0.06. The firm earned $273.90 million during the quarter, compared to the consensus estimate of $259.57 million.

MGIC Investment Corp. had a return on equity of 18.40% and a net margin of 105.16%. The company's revenue for the quarter was down 1.3% compared to the same quarter previous year.

Looking forward, the company's quarterly earnings are expected to come at $0.29 in the three months through September 2017 and $0.48 in the quarter ending December 2017, reflecting 123.08% and -2.04% growth, respectively. Analysts forecast that MGIC Investment Corporation will post $1.20 EPS for the current fiscal year. If you are accessing this piece of content on another publication, it was stolen and republished in violation of U.S. and global copyright and trademark laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/01/mgic-investment-corporation-mtg-shares-sold-by-dimensional-fund-advisors-lp.html.

MTG has been the topic of several recent research reports.

Monitoring the numbers for Mgic Investment Corp (MTG), we have recorded that the Percentage Price Oscillator is now higher than the signal line. Compass Point downgraded MGIC Investment Corp. Zacks Investment Research upgraded 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. Barclays PLC increased their target price on shares of MGIC Investment Corporation from $13.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, October 19th. (NYSE:MTG), 8 have Buy rating, 0 Sell and 2 Hold. Presently, the 14-day ATR for Mgic Investment Corp (MTG) is spotted at 0.28.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base.



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