MGIC Investment Corp. (NYSE:MTG) shares were up 2.2% on Friday . The stock traded as high as $7.03 and last traded at $6.96, with a volume of 8,313,637 shares trading hands. The stock had previously closed at $6.81.

Several research analysts have recently weighed in on MTG shares. Compass Point upgraded shares of MGIC Investment Corp. from a “neutral” rating to a “buy” rating and upped their target price for the company from $8.50 to $9.00 in a research note on Wednesday. Credit Suisse Group AG upped their price target on shares of MGIC Investment Corp. from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, May 2nd. Deutsche Bank AG assumed coverage on shares of MGIC Investment Corp. in a report on Monday, April 4th. They issued a “hold” rating and a $9.00 price target on the stock. Zacks Investment Research raised shares of MGIC Investment Corp. from a “sell” rating to a “hold” rating in a report on Thursday. Finally, FBR & Co raised shares of MGIC Investment Corp. from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a report on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. MGIC Investment Corp. presently has an average rating of “Buy” and a consensus target price of $9.82.

The firm has a 50 day moving average price of $6.24 and a 200 day moving average price of $6.90. The firm has a market cap of $2.36 billion and a P/E ratio of 2.85.

MGIC Investment Corp. (NYSE:MTG) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. During the same quarter last year, the business earned $0.28 EPS. The company had revenue of $263.50 million for the quarter, compared to analyst estimates of $255.01 million. Equities analysts anticipate that MGIC Investment Corp. will post $0.84 EPS for the current fiscal year.

A number of institutional investors recently made changes to their positions in MTG. Oarsman Capital Inc. increased its position in shares of MGIC Investment Corp. by 134.9% in the fourth quarter. Oarsman Capital Inc. now owns 220,522 shares of the company’s stock valued at $1,947,000 after buying an additional 126,650 shares during the period. KBC Group NV bought a new position in shares of MGIC Investment Corp. during the fourth quarter valued at approximately $3,251,000. Marshall Wace LLP increased its position in shares of MGIC Investment Corp. by 45.4% in the fourth quarter. Marshall Wace LLP now owns 8,838,293 shares of the company’s stock valued at $78,042,000 after buying an additional 2,760,757 shares during the period. Atlanta Capital Group bought a new position in shares of MGIC Investment Corp. during the fourth quarter valued at approximately $1,078,000. Finally, Suntrust Banks Inc. bought a new position in shares of MGIC Investment Corp. during the fourth quarter valued at approximately $1,182,000.

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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