MGIC Investment Co. (NYSE: MTG) receives an average “Moderate Buying” rating from brokerage firms

MGIC Investment Co. (NYSE: MTG – Get Rating) has won an average “Moderate Buying” rating from the seven brokerage companies that cover the company, Marketbeat reports. Two investment analysts valued the shares with a retention recommendation, and four gave a recommendation to buy the company. The average target price for twelve months among analysts who have issued stock ratings in the last year is $ 17.92.

Several brokerage firms intervened in MTG. Royal Bank of Canada raised MGIC Investment from a “performance” rating to a “superior” rating and raised their target price for the company from $ 15.00 to $ 16.00 in a research note on Thursday. BTIG Research lowered its target price for MGIC Investment from $ 18.00 to $ 17.00 in a research report on Tuesday, April 12. Finally, raised MGIC Investment from a “hold” rating to a “buy” rating in a research report on Friday, May 13th.

Several hedge funds and other institutional investors have recently changed holdings. Verition Fund Management LLC increased its stake in MGIC Investment by 11.6% in the first quarter. Verition Fund Management LLC now owns 36,062 shares of the insurance provider’s shares worth $ 489,000 after acquiring an additional 3,748 shares in the last quarter. Midwest Wealth Management Inc. increased its stake in MGIC Investment by 2.8% in the first quarter. Midwest Wealth Management Inc. it now owns 95,670 shares of the insurance provider’s shares worth $ 1,296,000 after acquiring an additional 2,593 shares in the last quarter. Neuberger Berman Group LLC increased its stake in MGIC Investment by 42.0% in the first quarter. Neuberger Berman Group LLC already owns 53,896 shares of the insurer’s shares worth $ 730,000 after acquiring an additional 15,936 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new position in shares of MGIC Investment in the first quarter worth $ 7,791,000. Finally, Virtu Financial LLC increased its stake in MGIC Investment by 133.7% in the first quarter. Virtu Financial LLC already owns 24,030 shares of the insurance provider’s shares worth $ 326,000 after purchasing an additional 13,747 shares in the last quarter. Institutional investors and hedge funds own 94.10% of the company’s shares.


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Shares of MGIC Investment opened at $ 12.75 on Friday. The 50-day moving average business price is $ 13.16, and the two-day moving average is $ 14.12. The company has a debt to equity ratio of 0.20, a current ratio of 0.61 and a fast ratio of 0.61. The company has a market capitalization of $ 3.95 billion, a P / E ratio of 6.51, a PEG ratio of 1.10 and a beta ratio of 1.49. MGIC Investment has a one-year low of $ 11.38 and a one-year high of $ 16.84.

MGIC Investment (NYSE: MTG – Get Rating) last announced its earnings results on Wednesday, May 4th. The insurance provider reported earnings of $ 0.60 per share for the quarter, beating the consensus estimate of $ 0.58 by $ 0.02. The company had revenue of $ 294.60 million for the quarter, compared to the consensus estimate of $ 292.28 million. MGIC Investment had a return on equity of 14.61% and a net profit of 55.82%. The company’s revenue for the quarter decreased by 1.1% on an annual basis. In the same quarter of the previous year, the business earned $ 0.42 EPS. On average, research analysts expect MGIC Investment to report 2.27 earnings per share for the current fiscal year.

The company also recently announced a three-month dividend, which was paid on Thursday, May 26. The record shareholders on Thursday, May 12, received a dividend of $ 0.08 per share. This represents a $ 0.32 annual dividend and a dividend yield of 2.51%. The date of the former dividend of this dividend was Wednesday, May 11. The dividend payout ratio (DPR) of MGIC Investment is currently 16.33%.

Profile of investment company MGIC (Get a rating)

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage risk management solutions and additional services to lenders and government-sponsored organizations in the United States, Puerto Rico and Guam. The company offers primary mortgage insurance, which provides protection against default on mortgage loans on individual loans, as well as covers unpaid principal on the loan, overdue interest and various costs associated with default and subsequent foreclosure.

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Analyzer Recommendations for MGIC Investment (NYSE: MTG)

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