MGIC Investment Corp. (MTG) Analysts See $0.26 EPS; Nuveen California Municipal Value Fund 2 Has 1.63 Sentiment

September 19, 2017 - By Migdalia James

The stock decreased 0.23% or $0.04 on September 18, reaching $17.64. About shares traded. Nuveen California Municipal Value Fund 2 of Beneficial Interest (NCB) has declined 4.03% since September 19, 2016 and is downtrending. It has underperformed by 20.73% the S&P500.

Analysts expect MGIC Investment Corp. (NYSE:MTG) to report $0.26 EPS on October, 17.They anticipate $0.01 EPS change or 4.00% from last quarter’s $0.25 EPS. MTG’s profit would be $96.30 million giving it 11.24 P/E if the $0.26 EPS is correct. After having $0.31 EPS previously, MGIC Investment Corp.’s analysts see -16.13% EPS growth. The stock decreased 0.09% or $0.01 during the last trading session, reaching $11.69. About shares traded. MGIC Investment Corp. (NYSE:MTG) has risen 60.12% since September 19, 2016 and is uptrending. It has outperformed by 43.42% the S&P500.

Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.14, from 1.22 in 2016Q3. It is negative, as 30 investors sold MGIC Investment Corp. shares while 81 reduced holdings. 50 funds opened positions while 75 raised stakes. 301.22 million shares or 0.38% more from 300.07 million shares in 2016Q3 were reported. Growth Mgmt Limited Partnership accumulated 0.02% or 50,000 shares. Oarsman Capital invested in 451,822 shares or 2.96% of the stock. Mark Asset Mngmt reported 1.56% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Tower Research Ltd (Trc) reported 0.01% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Commonwealth Equity Inc holds 0.01% or 143,904 shares in its portfolio. California State Teachers Retirement System holds 703,980 shares or 0.01% of its portfolio. Gateway Inv Advisers Ltd stated it has 116,659 shares. Blackrock holds 94,706 shares. Highlander Cap Management Ltd Liability Com has 144,067 shares for 1.27% of their portfolio. Clearbridge Limited Com holds 0.06% of its portfolio in MGIC Investment Corp. (NYSE:MTG) for 5.77 million shares. Nuveen Asset Management Ltd Liability Co holds 0.01% of its portfolio in MGIC Investment Corp. (NYSE:MTG) for 139,937 shares. The New York-based Brant Point Inv Ltd has invested 0.42% in MGIC Investment Corp. (NYSE:MTG). Bluemountain Capital Management Limited Liability has 341,845 shares. Shelton Cap Management holds 0.03% of its portfolio in MGIC Investment Corp. (NYSE:MTG) for 28,000 shares. Macquarie Group Inc Ltd invested 0% in MGIC Investment Corp. (NYSE:MTG).

MGIC Investment Corporation is a holding company. The company has market cap of $4.33 billion. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. It has a 12.1 P/E ratio. The Firm 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.

Among 9 analysts covering MGIC Investment Corp. (NYSE:MTG), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. MGIC Investment Corp. had 24 analyst reports since August 12, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded MGIC Investment Corp. (NYSE:MTG) rating on Monday, October 12. Keefe Bruyette & Woods has “Outperform” rating and $11.50 target. The stock of MGIC Investment Corp. (NYSE:MTG) has “Neutral” rating given on Wednesday, April 20 by Compass Point. As per Friday, October 16, the company rating was maintained by FBR Capital. The firm has “Outperform” rating given on Monday, February 13 by FBR Capital. Bank of America initiated the stock with “Buy” rating in Monday, October 17 report. The firm earned “Buy” rating on Tuesday, August 25 by M Partners. The rating was maintained by Compass Point with “Buy” on Wednesday, August 12. The stock of MGIC Investment Corp. (NYSE:MTG) earned “Outperform” rating by FBR Capital on Wednesday, July 20. The stock of MGIC Investment Corp. (NYSE:MTG) has “Outperform” rating given on Thursday, June 30 by FBR Capital. Compass Point maintained it with “Neutral” rating and $8.50 target in Tuesday, May 10 report.

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