MGIC Investment Corporation (NYSE:MTG) Closed Higher Than Its 50 Day Average

RBC Capital Markets maintained the stock with "Outperform" rating in Friday, August 7 report. Compass Point reaffirmed a "buy" rating on shares of MGIC Investment Corporation in a research report on Wednesday. RBC Capital Markets maintained the stock with "Buy" rating in Wednesday, August 16 report. The firm earned "Neutral" rating on Wednesday, April 20 by Compass Point. The stock touched 52-week High of $12.65 on 10/06/17 and 52-week Low of $7.84 on 10/13/16. (NYSE:MTG), 7 have Buy rating, 0 Sell and 2 Hold. The firm's quarterly revenue was down.1% on a year-over-year basis. About 4,599 shares traded.

MGIC Investment Corporation (NYSE:MTG) has a beta of 2.27, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. It has outperformed by 43.42% the S&P500. About 792,580 shares traded. It also reduced its holding in Astec Inds Inc (NASDAQ:ASTE) by 105,850 shares in the quarter, leaving it with 78,512 shares, and cut its stake in Brunswick Corp (NYSE:BC). It has underperformed by 8.27% the S&P500. Art Advsr Limited holds 14,000 shares.

Supernus Pharmaceuticals, Inc.is a pharmaceutical firm focused on developing and commercializing products for the treatment of central nervous system diseases.

Investment analysts at FBR & Co decreased their FY2017 earnings estimates for MGIC Investment Corporation in a research note issued to investors on Tuesday. As of the last earnings report the EPS was $0.97 and is projected to be $1.14 for the current year with 370,561,000 shares now outstanding. It dropped, as 1 investors sold Energizer Holdings Inc shares while 0 reduced holdings. 21 funds opened positions while 45 raised stakes. Price T Rowe Assocs Inc Md holds 0% or 1.76 million shares in its portfolio. Ubs Asset Americas stated it has 40,204 shares. Gemmer Asset Mgmt Ltd Limited Liability Company holds 0% or 169 shares. Cantab Capital Prtn Limited Liability Partnership accumulated 91,292 shares or 0% of the stock. Bank of New York Mellon Corp now owns 13,197,831 shares of the insurance provider's stock valued at $147,815,000 after purchasing an additional 3,013,777 shares during the period. Bessemer Group has invested 0% in Aircastle Limited (NYSE:AYR). Citigroup Incorporated invested in 0% or 82,719 shares. 67,746 were accumulated by Alliancebernstein Limited Partnership. Proshare Advsrs invested in 0.01% or 30,747 shares. Da Davidson invested in 0.01% or 14,596 shares. Parametric Assocs Limited Liability Corporation, a Washington-based fund reported 4,087 shares. The Gargoyle Investment Advisor Llc holds 69,825 shares with $782,000 value, down from 104,410 last quarter. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. It has a 22.61 P/E ratio.

Investors sentiment decreased to 1.08 in Q2 2017. Its down 0.52, from 1.93 in 2017Q1.

COPYRIGHT VIOLATION NOTICE: "MGIC Investment Corporation (MTG) Forecasted to Post Q3 2017 Earnings of $0.24 Per Share" was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. Vanguard Group Inc. raised its stake in MGIC Investment Corporation by 9.9% during the 2nd quarter. 321.13 million shares or 5.08% more from 305.62 million shares in 2017Q1 were reported. Fiera Cap Corporation holds 23,955 shares.

MGIC Investment Corporation had its "buy" rating reiterated by analysts at Deutsche Bank.

MGIC Investment Corporation (NYSE:MTG) last announced its earnings results on Thursday, July 20th. (NYSE:MTG) for 6.55M shares. Etrade Mngmt Limited Liability Com stated it has 29,825 shares. The analysts estimated EPS for the higher end at 0.29 and lower end at 0.24 while the year ago reported earnings per share was 0.25. Gateway Advisers Ltd Liability Co reported 116,659 shares.

Robertson Opportunity Capital Llc increased Mgic Invt Corp Wis (MTG) stake by 65.97% reported in 2017Q2 SEC filing. Mgic Invt Corp Wis now has $4.70B valuation. (NYSE:MTG). Cim Inv Mangement holds 37,567 shares.

MGIC Investment Corporation is a holding company.

Shares of MGIC Investment Corporation (NYSE MTG) opened at 12.56 on Thursday.

Analysts await MGIC Investment Corp. The stock of Sanofi SA (ADR) (NYSE:SNY) earned "Hold" rating by HSBC on Tuesday, May 3. Therefore 27% are positive. MGIC Investment Corp. had 24 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Wednesday, July 20 by FBR Capital. (NYSE:MTG) on Friday, October 16 with "Mkt Perform" rating. (NYSE:MTG) earned "Buy" rating by FBR Capital on Thursday, July 20. The rating was initiated by Bank of America with "Buy" on Monday, October 17. Deutsche Bank maintained MGIC Investment Corp. (NYSE:MTG) on Friday, July 21 with "Buy" rating. They now have a United States dollars 10 price target on the stock. Keefe Bruyette & Woods upgraded the shares of MTG in report on Monday, October 12 to "Outperform" rating. The stock has "Overweight" rating by Morgan Stanley on Thursday, October 15. (NYSE:MTG) were recently published by: Finance.Yahoo.com, which released: "MGIC Investment vs. Radian Group: Which Stock Fares Better?" on September 13, 2017. Next quarter's EPS is estimated at $0.26 and the next full year EPS is anticipated to be $1.15. T_CIG's profit would be $12.34 million giving it 51.46 P/E if the $0.33 EPS is correct.

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