News coverage about MGIC Investment Corporation (NYSE:MTG) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGIC Investment Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.5279019581457 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
MTG has been the subject of several research reports. Deutsche Bank AG cut MGIC Investment Corporation from a “buy” rating to a “hold” rating and set a $13.50 target price for the company. in a research note on Friday, November 3rd. Bank of America Corporation lifted their target price on MGIC Investment Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, October 20th. MKM Partners lifted their price objective on MGIC Investment Corporation to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. BidaskClub cut MGIC Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $14.00 price objective on shares of MGIC Investment Corporation in a research note on Saturday, October 14th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. MGIC Investment Corporation currently has a consensus rating of “Buy” and a consensus target price of $14.08.
MGIC Investment Corporation (MTG) traded down $0.02 during trading hours on Friday, hitting $13.40. The company had a trading volume of 1,873,800 shares, compared to its average volume of 3,430,668. The company has a current ratio of 0.27, a quick ratio of 0.18 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $4,973.01, a P/E ratio of 11.00, a P/E/G ratio of 2.22 and a beta of 2.28. MGIC Investment Corporation has a twelve month low of $8.45 and a twelve month high of $14.50.
MGIC Investment Corporation (NYSE:MTG) last released its earnings results on Wednesday, October 18th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $270.30 million for the quarter, compared to the consensus estimate of $267.85 million. MGIC Investment Corporation had a return on equity of 16.41% and a net margin of 41.08%. MGIC Investment Corporation’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. research analysts anticipate that MGIC Investment Corporation will post 1.21 EPS for the current year.
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MGIC Investment Corporation Company Profile
MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. 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.
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