Research Report For MGIC Investment Corp. (MTG)

Gladys Abbott
July 17, 2017

Select Equity Group Lp decreased Mgic Invt Corp Wis (MTG) stake by 2.01% reported in 2016Q4 SEC filing.

While looking at the Stock's Performance, MGIC Investment Corp. now shows a Weekly Performance of 1.56%, where Monthly Performance is 4.66%, Quarterly performance is 9.87%, 6 Months performance is 14.16% and yearly performance percentage is 86.74%. It has outperformed by 43.42% the S&P500. Finally, Deutsche Bank AG reissued a "buy" rating and set a $13.00 target price (up previously from $12.00) on shares of MGIC Investment Corporation in a research note on Sunday, April 23rd. The stock carved out a 52-week low down at $6.13. The 1-year high was reported on Jul, 12 by Barchart.com. Technical analysis can help recognize key technical price levels in the stock. About 680,326 shares traded. It has underperformed by 12.19% the S&P500.

Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.02, from 1.15 in 2016Q3. The ratio worsened, as 125 institutional investors started new and increased positions, while 111 reduced and sold holdings in Mgic Investment Corp. 50 funds opened positions while 75 raised stakes. 622.74 million shares or 0.48% less from 625.76 million shares in 2016Q3 were reported. 1,305,861 shares of the stock traded hands. California State Teachers Retirement Sys reported 0.01% stake. Brown Advisory reported 89,406 shares or 0.01% of all its holdings. Finally, A.R.T. Advisors LLC bought a new stake in MGIC Investment Corporation during the fourth quarter worth about $1,729,000. Blackrock Fund Advsr invested in 0.02% or 11.00 million shares. Perhaps, that suggests something about why 93.61% of the outstanding share supply is held by institutional investors. (NYSE:MTG). Fmr Limited Co has 15.30M shares for 0.02% of their portfolio. Commonwealth Bankshares Of Aus, a Australia-based fund reported 65,042 shares. Strs Ohio owns 66,500 shares. The Massachusetts-based Capital Growth Management L P has invested 0.02% in MGIC Investment Corp. (NYSE:MTG). Shelton owns 28,000 shares.

In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for MGIC Investment Corp.as 264.49 Million.

10/08/2015 - MGIC Investment Corporation had its "neutral" rating reiterated by analysts at Macquarie.

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Ratings analysis reveals 75% of MGIC Investment Corp.'s analysts are positive. Now HollyFrontier Corporation $30.92 target price is just $13.08 shy of the official lowest sell-side analyst price target on Wall Street. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/07/17/raymond-james-financial-services-advisors-inc-reduces-position-in-mgic-investment-corporation-mtg-updated-updated.html. (NYSE:MTG) on Wednesday, July 20 with "Outperform" rating. The firm earned "Outperform" rating on Monday, February 6 by Wells Fargo.

Wall Street await MGIC Investment Corp. As per Monday, October 17, the company rating was initiated by Bank of America. The rating was downgraded by Compass Point to "Neutral" on Wednesday, April 20. Three research 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 stock. The company was upgraded on Monday, October 12 by Keefe Bruyette & Woods. MGIC Investment Corporation's sales went up.9% on a YOY basis. Howard Weil downgraded Williams Companies Inc (NYSE:WMB) on Tuesday, September 29 to "Sector Perform" rating. ValuEngine raised MGIC Investment Corporation from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 2nd. M Partners maintained it with "Buy" rating and $10 target in Thursday, January 21 report.

On the close of 07/11/2017 MGIC Investment Corporation (NYSE:MTG) dropped -0.43% to hit $11.50. The Market Capitalization of the company stands at 4.38 Billion. The Company's subsidiaries provide skilled nursing, assisted living, home health and hospice, and other ancillary services. It has a 12.71 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.

Among 7 analysts covering TE Connectivity (NYSE:TEL), 4 have Buy rating, 1 Sell and 2 Hold. TE Connectivity has $87 highest and $63 lowest target.

Several ratings firms have issued ratings on the stock recently. Cogut Charles I bought $30,635 worth of Williams Companies Inc (NYSE:WMB) on Wednesday, May 10.

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