MGIC Investment (MTG) Receiving Positive News Coverage, Study Finds
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.
COPYRIGHT VIOLATION WARNING: “MGIC Investment (MTG) Receiving Positive News Coverage, Study Finds” was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/02/11/mgic-investment-mtg-receiving-positive-news-coverage-study-finds.html.
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.
Receive News & Ratings for MGIC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGIC Investment and related companies with MarketBeat.com's FREE daily email newsletter.