MGIC Investment Corporation (NYSE:MTG) Receives Daily Media Impact Rating of 0.22
Press coverage about MGIC Investment Corporation (NYSE:MTG) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MGIC Investment Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.4053687611749 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- MGIC Investment Corporation (MTG) Holdings Up in Latest Report from Ajo, Lp (highlightpress.com)
- IHS Markit Score Update: Drop in demand for ETFs holding MGIC Investment Corp is a negative sign for its shares (finance.yahoo.com)
- Lsv Asset Management Bought A Little More MGIC Investment Corporation (MTG) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- See what the IHS Markit Score report has to say about MGIC Investment Corp. (finance.yahoo.com)
- Taking a Deep Dive into Technical Levels for MGIC Investment Corp (MTG) – Evergreen Caller (evergreencaller.com)
A number of brokerages recently weighed in on MTG. BidaskClub downgraded shares of MGIC Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BTIG Research reaffirmed a “buy” rating and set a $14.00 price objective (up previously from $12.00) on shares of MGIC Investment Corporation in a research report on Saturday, July 22nd. Deutsche Bank AG boosted their price objective on shares of MGIC Investment Corporation from $13.00 to $13.50 and gave the company a “buy” rating in a research report on Friday, July 21st. ValuEngine raised shares of MGIC Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of MGIC Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Three research 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. The company currently has an average rating of “Buy” and a consensus price target of $11.80.
MGIC Investment Corporation (NYSE:MTG) opened at 11.33 on Friday. The firm’s 50-day moving average is $11.54 and its 200-day moving average is $10.88. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 11.67 and a beta of 2.08. MGIC Investment Corporation has a 1-year low of $7.43 and a 1-year high of $12.25.
MGIC Investment Corporation (NYSE:MTG) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. MGIC Investment Corporation had a net margin of 34.99% and a return on equity of 16.56%. The firm had revenue of $263.31 million for the quarter, compared to analyst estimates of $263.43 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that MGIC Investment Corporation will post $1.13 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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