EPS for MGIC Investment Corporation (MTG) Expected At $0.35

June 15, 2018 - By Kurt Siggers

MGIC Investment Corporation (NYSE:MTG) LogoInvestors sentiment decreased to 0.88 in 2018 Q1. Its down 0.44, from 1.32 in 2017Q4. It is negative, as 38 investors sold MGIC Investment Corporation shares while 100 reduced holdings. 35 funds opened positions while 87 raised stakes. 331.27 million shares or 1.30% less from 335.64 million shares in 2017Q4 were reported.
Bancorporation Of America Corporation De stated it has 3.07 million shares or 0.01% of all its holdings. Great West Life Assurance Can holds 46,272 shares or 0% of its portfolio. Tudor Invest Et Al holds 0.02% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 56,991 shares. Magnetar Financial holds 0% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 10,082 shares. Loomis Sayles Communications Limited Partnership holds 0% or 2,605 shares in its portfolio. 7.70 million are held by Goldman Sachs Gp. Germany-based Dekabank Deutsche Girozentrale has invested 0.03% in MGIC Investment Corporation (NYSE:MTG). Moreover, Reliance Tru Of Delaware has 0.06% invested in MGIC Investment Corporation (NYSE:MTG) for 30,633 shares. Ameriprise Financial, a Minnesota-based fund reported 4.68 million shares. 1.29M were reported by Inv Counselors Of Maryland Limited Liability Company. Jpmorgan Chase & Com has 2.06 million shares for 0.01% of their portfolio. 15,957 were accumulated by Comerica Savings Bank. Prudential Public Ltd Com reported 13,000 shares. Bluecrest Cap owns 0.03% invested in MGIC Investment Corporation (NYSE:MTG) for 74,200 shares. State Bank Of Mellon invested in 0.05% or 15.21 million shares.

Analysts expect MGIC Investment Corporation (NYSE:MTG) to report $0.35 EPS on July, 19.They anticipate $0.04 EPS change or 12.90 % from last quarter’s $0.31 EPS. MTG’s profit would be $129.98 million giving it 7.84 P/E if the $0.35 EPS is correct. After having $0.38 EPS previously, MGIC Investment Corporation’s analysts see -7.89 % EPS growth. The stock decreased 0.90% or $0.1 during the last trading session, reaching $10.97. About 3.01M shares traded. MGIC Investment Corporation (NYSE:MTG) has declined 2.69% since June 15, 2017 and is downtrending. It has underperformed by 15.26% the S&P500.

MGIC Investment Corporation (NYSE:MTG) Ratings Coverage

Among 11 analysts covering MGIC Investment (NYSE:MTG), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. MGIC Investment had 22 analyst reports since December 20, 2017 according to SRatingsIntel. As per Monday, April 9, the company rating was maintained by BTIG Research. FBR Capital maintained MGIC Investment Corporation (NYSE:MTG) on Thursday, January 18 with “Buy” rating. The stock of MGIC Investment Corporation (NYSE:MTG) has “Buy” rating given on Thursday, April 19 by Keefe Bruyette & Woods. On Tuesday, April 10 the stock rating was maintained by Deutsche Bank with “Buy”. The company was downgraded on Tuesday, April 10 by Bank of America. The rating was maintained by Susquehanna with “Buy” on Tuesday, April 10. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, April 11 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, January 19. The stock of MGIC Investment Corporation (NYSE:MTG) earned “Buy” rating by BTIG Research on Thursday, April 26.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company has market cap of $4.07 billion. The firm offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It has a 10.1 P/E ratio. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements.

More important recent MGIC Investment Corporation (NYSE:MTG) news were published by: Benzinga.com which released: “MGIC Downgraded As Shares Close In On BofA’s Price Target” on June 13, 2018, also Nasdaq.com published article titled: “5 Insurers in Focus as Fed Hikes Rate, Raises Economic View”, Prnewswire.com published: “MGIC Receives Highest WELCOA Well Workplace Award” on June 11, 2018. More interesting news about MGIC Investment Corporation (NYSE:MTG) was released by: Streetinsider.com and their article: “UPDATE: BofA/Merrill Lynch Downgrades MGIC Investment (MTG) to Underperform Citing Limited Upside Potential” with publication date: June 13, 2018.

MGIC Investment Corporation (NYSE:MTG) Institutional Positions Chart

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