MGIC Investment Corporation (MTG) Investment Increased by Ajo, Lp

Paterniano Del Favero
Agosto 13, 2017

State Street Corp now owns 12,822,808 shares of the insurance provider's stock valued at $129,896,000 after buying an additional 836,939 shares during the last quarter.

1492 Capital Management Llc decreased its stake in Neogenomics Inc (NEO) by 7.28% based on its latest 2016Q4 regulatory filing with the SEC. Accern also assigned news stories about the insurance provider an impact score of 53 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the immediate future. World Asset Management Inc increased its position in MGIC Investment Corporation by 0.7% in the first quarter. Guggenheim Capital LLC now owns 256,345 shares of the insurance provider's stock valued at $2,612,000 after buying an additional 197,547 shares during the last quarter. Meeder Asset Management Inc.'s holdings in MGIC Investment Corporation were worth $867,000 at the end of the most recent quarter. BlackRock Inc. now owns 24,922,469 shares of the insurance provider's stock valued at $252,464,000 after buying an additional 24,827,763 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: "Chickasaw Capital Management LLC Maintains Position in MGIC Investment Corporation (NYSE:MTG)" was reported by Markets Daily and is the sole property of of Markets Daily. Hillsdale owns 0.24% invested in MGIC Investment Corp. Comerica Bank acquired a new position in MGIC Investment Corporation during the fourth quarter valued at $128,000. Verition Fund Limited Liability Corporation invested 0.02% in Apollo Investment Corp. Mark Asset Management Corp bought 110,301 shares as the company's stock declined 1.12% while stock markets rallied. The institutional investor held 496,465 shares of the health care company at the end of 2016Q4, valued at $4.26M, down from 535,453 at the end of the previous reported quarter.

MGIC Investment Corporation (NYSE MTG) traded down 1.01% during trading on Friday, hitting $11.75. The company's stock had a trading volume of 2,934,346 shares.

The most current P/E ratio is 11.838 and the market cap is 4.26B. MGIC Investment Corporation has a 1-year low of $7.25 and a 1-year high of $12.25. The stock price also has got the drift of 13.46% off from the 200-day moving average.

MGIC Investment Corporation (MTG) stock marked a gap of -3.27% off its 52 week- peak price value and pointed turn of 63.45% from its 52 week-bottom price value. Analysts expect next quarter's EPS to be $0.26 and the next full year EPS is projected to be $1.14.

MGIC Investment Corporation is a holding company. The firm had revenue of $263.31 million during the quarter, compared to analysts' expectations of $263.43 million. During the same period in the prior year, the company earned $0.26 EPS. The business's quarterly revenue was down.1% compared to the same quarter past year. Analysts predict that MGIC Investment Corporation will post $1.13 earnings per share for the current year. If you are viewing this news story on another website, it was illegally copied and republished in violation of USA & worldwide copyright legislation. If you are viewing this article on another site, it was copied illegally and republished in violation of US & global copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2017/08/11/mgic-investment-corporation-nysemtg-price-target-raised-to-13-50-at-deutsche-bank-ag-updated-updated.html.

Analyst mean recommendation on a stock by the analyst community is at 1.60. Investors who are keeping close eye on the stock of MGIC Investment Corporation (NYSE:MTG) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 0.23 and sector's optimum level is 0.44.

Several research firms recently weighed in on MTG. BidaskClub lowered shares of MGIC Investment Corporation from a "buy" rating to a "hold" rating in a report on Friday, July 28th. MKM Partners reaffirmed a buy rating and set a $13.00 price target (up from $10.00) on shares of MGIC Investment Corporation in a research note on Tuesday, April 25th. Compass Point upgraded the shares of MTG in report on Wednesday, July 20 to "Buy" rating. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock.

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