MGIC Investment (MTG) Rating Reiterated by Wells Fargo & Company

Lloyd Doyle
December 8, 2017

Lmm Llc sold 189,150 shares as Mgic Invt Corp Wis (MTG)'s stock declined 1.12%. Also published the news titled: "MGIC Investment Corporation Releases Monthly Operating Statistics" on November 08, 2017. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Next year this decline will reach 0% to attain $1.21. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

Ameriprise Financial Inc. lessened its position in MGIC Investment Corporation (NYSE:MTG) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. Considering that the stock daily volume of 2.54 million shares, this represents a pretty noteworthy trading in volume size in recent session. Transamerica Fincl Advisors holds 0% or 53 shares in its portfolio. New Jersey-based Regentatlantic Ltd Liability has invested 0.07% in Bristol-Myers Squibb Company (NYSE:BMY). They expect $0.28 EPS, 0.00% or $0.00 from last year's $0.28 per share. During the same period in the previous year, the company posted $0.14 EPS. sell-side analysts predict that MGIC Investment Corporation will post 1.21 EPS for the current fiscal year. Herndon Capital Management Limited Liability Com stated it has 1,458 shares or 0% of all its holdings. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.06.

Investors sentiment increased to 1.23 in Q2 2017. The shares price has positioned 12.66% up over the past quarter while it has directed 17.41% toward a rising position throughout past six months. Vanguard Group Inc. now owns 34,753,956 shares of the insurance provider's stock valued at $389,244,000 after acquiring an additional 3,120,511 shares during the period. Its down 0.14, from 1.22 in 2017Q1.

A number of large investors have recently bought and sold shares of MTG. AJO LP purchased a new stake in shares of MGIC Investment in the 2nd quarter valued at approximately $54,935,000. 63 funds opened positions while 190 raised stakes. 411.39 million shares or 1.65% more from 404.71 million shares in 2017Q1 were reported. Evanston Invests Dba Evanston Advsr reported 285,807 shares or 0.79% of all its holdings. MGIC Investment Corporation has a 12 month low of $9.40 and a 12 month high of $15.53. Bancshares Of America Corp De holds 0.02% in HCP, Inc.

MGIC Investment Corporation (NYSE:MTG) shares were trading higher by 0.32 percent ($0.05) at $15.45 a piece in Wednesday's session. Delta Asset Ltd Tn holds 650 shares. Mgic Invt Corp Wis now has $5.73 billion valuation. BTIG Research maintained MGIC Investment Corporation (NYSE:MTG) on Tuesday, July 18 with "Buy" rating. California Employees Retirement Sys accumulated 667,300 shares. Ubs Asset Mngmt Americas Incorporated holds 0% or 204,695 shares.

Lmm Llc decreased Mgic Invt Corp Wis (MTG) stake by 2.73% reported in 2017Q2 SEC filing. MTG's profit will be $103.75 million for 13.79 P/E if the $0.28 EPS becomes a reality. The percentage of shares being held by the company management was 0.5% while institutional stake was 95.8%. Glenmede Trust Na invested 0% in MGIC Investment Corporation (NYSE:MTG). Shares of BEN have increased 7.66% in the past three monthswhile the S&P 500 has dropped -1.11% in that time. It also reduced its holding in Brown & Brown Inc (NYSE:BRO) by 205,700 shares in the quarter, leaving it with 333,800 shares, and cut its stake in Progressive Corp Ohio (NYSE:PGR). The stock presently has a consensus rating of "Buy" and an average price target of $11.55. The other 11, though not evenly; between analysts who think you should buy MGIC Investment Corporation versus those who think you should sell it. Therefore 73% are positive. MGIC Investment Corp. had 33 analyst reports since August 12, 2015 according to SRatingsIntel. Compass Point upgraded the shares of MTG in report on Thursday, April 13 to "Buy" rating. As per Friday, January 22, the company rating was maintained by FBR Capital. BMO Capital Markets maintained the stock with "Hold" rating in Monday, September 4 report. On Tuesday, May 10 the stock rating was maintained by Compass Point with "Neutral". The stock of MGIC Investment Corporation (NYSE:MTG) has "Buy" rating given on Friday, July 21 by Deutsche Bank. FBR Capital maintained MGIC Investment Corporation (NYSE:MTG) rating on Wednesday, July 20. FBR Capital maintained the stock with "Outperform" rating in Monday, February 13 report. Bank of America maintained it with "Buy" rating and $16 target in Friday, October 20 report. The firm has "Hold" rating by Stifel Nicolaus given on Thursday, November 2. The stock has "Buy" rating by Keefe Bruyette & Woods on Thursday, October 19.

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