Economy

MGIC Investment (MTG) Upgraded to Strong-Buy at ValuEngine

NEVDF's SI was 8,800 shares in February as released by FINRA. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since February 3, 2017 and is uptrending. MGIC Investment's revenue was up 1.9% compared to the same quarter previous year. The stock decreased 1.84% or $0.28 during the last trading session, reaching $14.94. About 22,238 shares traded or 94.47% up from the average.

MGIC Investment Corporation (NYSE:MTG) shares saw the needle move -1.45% on the week. It has outperformed by 43.42% the S&P500.

Barrow Hanley Mewhinney & Strauss Llc decreased its stake in Mgic Investment Corp (MTG) by 3.51% based on its latest 2017Q3 regulatory filing with the SEC. Picton Mahoney Asset Management acquired a new position in shares of MGIC Investment during the 4th quarter worth about $1,173,000. The Paloma Partners Management Company holds 44,385 shares with $556,000 value, up from 18,512 last quarter. General Electric now has $135.63 billion valuation. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,009 shares of the insurance provider's stock valued at $146,000 after purchasing an additional 1,312 shares during the last quarter. (OTCMKTS:EXMT) has 0.00% since February 2, 2017 and is. It has underperformed by 1.71% the S&P500. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The firm has a market capitalization of $5,490.00, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.49 and a beta of 2.29. 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. It has a 15.79 P/E ratio.

We can also take a look at the Average Directional Index or ADX of Mgic Investment Corp (MTG). One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Therefore 85% are positive. Royal Bank of Canada assumed coverage on shares of MGIC Investment in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of MGIC Investment from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Monday, October 23rd.

MGIC Investment (NYSE:MTG) last posted its quarterly earnings data on Thursday, January 18th. The firm earned "Buy" rating on Thursday, January 18 by FBR Capital. Keefe Bruyette & Woods upgraded the stock to "Outperform" rating in Monday, October 12 report. The firm earned "Hold" rating on Thursday, January 25 by BMO Capital Markets. The company was initiated on Monday, October 17 by Bank of America. On Friday, July 21 the stock rating was maintained by Deutsche Bank with "Buy". Compass Point restated a "buy" rating and issued a $15.25 target price (up previously from $13.00) on shares of MGIC Investment in a research note on Wednesday, October 11th. The firm has "Buy" rating by BTIG Research given on Wednesday, December 20.

A sudden increase in activity can be a sign that investors are trading in anticipation of a catalyst. Its up 0.07, from 1.08 in 2017Q2. During the same quarter in the previous year, the company posted $0.28 earnings per share. 37 funds opened positions while 88 raised stakes. It was reported on Feb, 3 by Barchart.com.

The recent session has given its stock price a 57.23% up lead over its 52-week low and showed lower move of -6.11%over its 52-week high. Los Angeles Mgmt & Equity Rech holds 767,874 shares or 0.06% of its portfolio. Robeco Institutional Asset Bv owns 352,888 shares or 0.03% of their USA portfolio. Antero Resources Corporation (NYSE:AR), at its latest closing price of $19.46, it has a price-to-book ratio of 0.80, compared to an industry average at 0.99. About 2.63M shares traded. Ls Inv Advsrs Limited Co accumulated 2,500 shares. Bowling Portfolio Management Ltd Company owns 151,344 shares for 0.29% of their portfolio. Moreover, Amalgamated Bank has 0.02% invested in MGIC Investment Corporation (NYSE:MTG) for 46,139 shares. It improved, as 59 investors sold HD shares while 562 reduced holdings. (NYSE:HD). Lord Abbett invested in 336,709 shares. Ci Invs Inc stated it has 0.01% of its portfolio in MGIC Investment Corporation (NYSE:MTG). Select Equity Gru L P holds 1.92 million shares.

MGIC Investment Corporation is a holding company. The insider Flannery John Leonard bought 103,983 shares worth $2.66M.

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