Stock to Watch: MGIC Investment Corporation (MTG)

Gladys Abbott
July 29, 2017

The institutional investor held 2.16M shares of the property-casualty insurers company at the end of 2016Q4, valued at $22.00M, up from 1.58 million at the end of the previous reported quarter. Mgic Invt Corp Wis now has $4.31B valuation.

After a recent check, MGIC Investment Corporation (NYSE:MTG) shares have been seen trading -0.31% away from the 20-day moving average. United Kingdom-based Ahl Llp has invested 0.17% in MGIC Investment Corp.

It is down 50.08% since July 26, 2016 and is uptrending. It has outperformed by 43.42% the S&P500. The relative volume of the stock is 0.61, while its market cap is $4.26 Billion. It has a 38.18 P/E ratio. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland.

MTG has been the topic of several analyst reports. The company's revenue for the quarter was down.1% compared to the same quarter past year. EW's profit will be $183.29M for 32.78 P/E if the $0.88 EPS becomes a reality. Therefore 50% are positive. Just Eat has GBX 1000 highest and GBX 133 lowest target. The stock now has Weekly Volatility of 2.64% and Monthly Volatility of 2.15%. On Monday, April 4 the stock rating was maintained by Jefferies with "Buy". As per Thursday, July 20, the company rating was maintained by FBR Capital. Evercore maintained Kilroy Realty Corp (NYSE:KRC) on Tuesday, September 8 with "Buy" rating. The rating was maintained by Peel Hunt with "Buy" on Wednesday, June 21. The firm has "Equal-Weight" rating given on Tuesday, December 1 by Barclays Capital. On Thursday, January 26 the stock rating was upgraded by Macquarie Research to "Outperform". The stock ended last trade at $109.02 a share and the price is up more than 17.53% so far this year. It has underperformed by 1.29% the S&P500.The move comes after 7 months negative chart setup for the $24.03 billion company.

Investors sentiment decreased to 1.13 in Q4 2016. The latest reports which are outstanding on Friday 28th of July state 3 analysts have a rating of "strong buy", 2 analysts "buy", 1 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". It dropped, as 30 investors sold MTG shares while 81 reduced holdings. Reliance Trust Co. of DE raised its stake in MGIC Investment Corporation by 52.7% in the first quarter.

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Versum Materials, Inc. (VSM) climbed 0.37% and its total traded volume was 0.6 million shares contrast to the average volume of 0.55 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 11,697 shares.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Blackrock Investment Ltd Limited Liability Company stated it has 1.38M shares or 0.02% of all its holdings. (NYSE:MTG). Everpoint Asset Mngmt Lc holds 0.27% of its portfolio in MGIC Investment Corp. D E Shaw & reported 0.03% stake. Principal Financial Gru Incorporated has 0.02% invested in MGIC Investment Corp. Highlander Management Limited Liability Com reported 144,067 shares. Nationwide Fund Advsrs reported 475 shares or 0% of all its holdings. Hsbc Public Limited Liability holds 0.01% of its portfolio in MGIC Investment Corp. Clinton reported 0.02% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Ci Inc holds 20,000 shares or 0% of its portfolio. (NYSE:GS). Stock price performance for the past week is now noted at -0.37%. Evanston Dba Evanston invested 0.99% of its portfolio in MGIC Investment Corp. Trustco Bank Corp N Y acquired 27,640 shares as General Electric Co (GE)'s stock declined 7.64%. (NYSE:MTG). 6.45M are owned by Northern Trust. Jpmorgan Chase & Co (NYSE:JPM) was raised too. The consensus recommendation provided by covering sell-side analysts is now 1.60. (NYSE:MTG) on Thursday, April 13 to "Buy" rating. Therefore 76% are positive. Given NMI Holdings' higher possible upside, equities analysts plainly believe NMI Holdings is more favorable than MGIC Investment Corporation. BTIG Research restated a "buy" rating and set a $12.00 price target on shares of MGIC Investment Corporation in a research note on Wednesday, April 19th.

The stock of Edwards Lifesciences Corp (NYSE:EW) is a huge mover today! The stock of Kilroy Realty Corp (NYSE:KRC) earned "Buy" rating by Stifel Nicolaus on Wednesday, July 5. The rating was maintained by M Partners on Tuesday, August 25 with "Buy". As for the mean price target, it implies upside of 12.88% from the $11.65 prior closing price. On Monday, March 21 the stock rating was downgraded by Sidoti to "Neutral". Deutsche Bank downgraded the stock to "Hold" rating in Monday, January 9 report.

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