News articles about MGIC Investment (NYSE:MTG) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGIC Investment earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.8026979248892 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several research analysts have weighed in on the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of MGIC Investment in a research report on Thursday. ValuEngine raised MGIC Investment from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. B. Riley reissued a “buy” rating and set a $19.00 target price on shares of MGIC Investment in a report on Thursday, January 18th. Deutsche Bank raised MGIC Investment from a “hold” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $18.00 in a report on Monday, January 8th. Finally, BTIG Research boosted their target price on MGIC Investment from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. MGIC Investment currently has a consensus rating of “Buy” and a consensus target price of $16.10.

MGIC Investment (NYSE MTG) opened at $14.01 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $5,191.64, a P/E ratio of 14.90, a P/E/G ratio of 1.39 and a beta of 2.28. MGIC Investment has a 1-year low of $9.68 and a 1-year high of $16.21.

MGIC Investment (NYSE:MTG) last posted its earnings results on Thursday, January 18th. The insurance provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.16. The business had revenue of $271.50 million for the quarter, compared to analyst estimates of $273.66 million. MGIC Investment had a return on equity of 17.70% and a net margin of 33.37%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. analysts anticipate that MGIC Investment will post 1.44 earnings per share for the current fiscal year.

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About MGIC Investment

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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