Mgic Investment Corp (NYSE:MTG): Stock Institutional Investors Are Happy About

(NYSE:MTG). 2.39M are owned by Geode Mngmt Limited Liability Com. Its up 8.27% from 593,600 shares previously. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of MGIC Investment Corporation during the fourth quarter worth $131,000.

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%. About 598,067 shares traded. It has outperformed by 43.42% the S&P500. Deutsche Bank upgraded the shares of MTG in report on Monday, December 12 to "Buy" rating. On the bright side, the company's share price has been on the rebound, up more than 112.42% since hitting lows of $6.12 on July 13, 2016. According to the past 12 months report, the income was nearly $363.10M and sales remained $1.06B. Technical analysis can help recognize key technical price levels in the stock.

About 57,704 shares traded. (NYSE:MTG) has risen 60.12% since July 17, 2016 and is uptrending. It has outperformed by 12.60% the S&P500.

Investors sentiment decreased to 1.08 in 2016 Q4. In the last earnings report the EPS was $0.93 and is estimated to be $1.06 for the current year with 370,556,000 shares outstanding. It is negative, as 30 investors sold MTG shares while 81 reduced holdings. 301.22 million shares or 0.38% more from 300.07 million shares in 2016Q3 were reported.

The stock has actually made strong gains in the past year, as the company has gathered a 86.74% return in the past twelve months. California State Teachers Retirement System holds 703,980 shares or 0.01% of its portfolio. Heartland Advisors has 2.16 million shares. Beck Mack & Oliver Llc, a New York-based fund reported 2.95 million shares. Trexquant Ltd Partnership holds 0.26% or 159,668 shares in its portfolio. Additionally, MTG had a day price range of $11.49 to $11.76. (NYSE:MTG) for 2.43M shares. Advisors Capital Limited Liability reported 287,587 shares stake. Blackrock Institutional Communication Na has invested 0.01% in MGIC Investment Corp. The share price of MTG has risen by over 12.40% in the last six months. The Odey Asset Management Group Ltd holds 56,600 shares with $577,000 value, up from 5,700 last quarter. For the outlook of the current financial quarter, Analysts think the firm will post 0.25 earnings per share. For the next 5 years, MGIC Investment expecting Growth of 7.25% per annum, whereas in the past 5 years the growth was 56.91% per annum. Morgan Stanley holds 0.01% in MGIC Investment Corp. Therefore 75% are positive.

With these kinds of figures it is worthy to note that MGIC Investment Corporation (MTG) has been put into a buy territory, but there are few other spots to consider. The company was downgraded on Wednesday, April 20 by Compass Point. (NYSE:MTG) to release earnings on July, 18. The firm earned "Outperform" rating on Monday, February 6 by Wells Fargo. Comerica Bank bought a new stake in MGIC Investment Corporation during the fourth quarter worth about $128,000. As per Thursday, April 13, the company rating was upgraded by Compass Point. 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 company. (NYSE:MTG) rating on Wednesday, August 12. Compass Point maintained the shares of MTG in report on Tuesday, May 10 with "Neutral" rating.

01/22/2016 - MGIC Investment Corporation had its "buy" rating reiterated by analysts at Goldman Sachs.

MGIC Investment Corporation (NYSE:MTG) started trading at 10.71 on Early Thur. The company has market cap of $4.30 billion. It has a 25.56 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. They now have a Dollars 10 price target on the stock. Large ranges indicate high volatility and small ranges indicate low volatility.

On October 4 Keefe Bruyette & Woods left the stock rating at "Outperform" but lowered the price target to $9.50 from $11.50. Cogut Charles I bought $30,635 worth of Williams Companies Inc (NYSE:WMB) on Wednesday, May 10. The firm has "Buy" rating given on Thursday, June 15 by BMO Capital Markets. On Thursday, September 10 the stock rating was downgraded by Wells Fargo to "Market Perform".

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.