Meeder Asset Management Inc. cut its stake in MGIC Investment Corporation (NYSE:MTG) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
1492 Capital Management Llc decreased its stake in Neogenomics Inc (NEO) by 7.28% based on its latest 2016Q4 regulatory filing with the SEC.
Capital Fund Management S.A. expanded its ownership by buying 212,108 shares an increase of 42.2%. Teachers Advisors LLC increased its position in MGIC Investment Corporation by 11.1% in the fourth quarter. Federated Investors Inc. PA now owns 89,109 shares of the insurance provider's stock valued at $908,000 after buying an additional 75,604 shares during the last quarter. It turned negative, as 30 investors sold MGIC Investment Corp. shares while 81 reduced holdings. Its stake was valued at $54,935,000 an increase of $51,000,000 as of quarter end. Florida-based Raymond James Associate has invested 0% in MGIC Investment Corp.
At the present time, shares of MGIC Investment Corporation (MTG) are worth at $11.85. Finally, Nationwide Fund Advisors raised its stake in MGIC Investment Corporation by 0.8% in the first quarter. The Manufacturers Life Insurance Company The holds 1.78M shares with $25.69 million value, up from 1.12M last quarter. Institutional investors own 86.64% of the company's stock.
News stories about MGIC Investment Corporation (NYSE:MTG) have been trending somewhat positive recently, according to Accern. It also reduced Pepsico Inc (NYSE:PEP) stake by 1.14M shares and now owns 2.68M shares. Mark Asset Management Corp who had been investing in Mgic Investment Corp for a number of months, seems to be bullish on the $4.39B market cap company. MGIC Investment Corporation has a 1-year low of $7.25 and a 1-year high of $12.25. Shares last traded at $11.85 which is slightly above $11.46, the 50 day moving average and which is just a bit higher than the 200 day moving average of $10.84.
MGIC Investment Corporation (NYSE:MTG) last announced its quarterly earnings data on Thursday, July 20th. (CVE:MCR) to report $0.02 EPS on August, 17.They anticipate $0.14 EPS change or 116.67% from last quarter's $-0.12 EPS.
5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of MGIC Investment Corporation (MTG) stands at -6.73 while the industry's and the sector's growth for next 5 years ticked at 8.17 and 14.32 respectively. The business had revenue of $263.31 million during the quarter, compared to the consensus estimate of $263.43 million. During the same period in the prior year, the firm earned $0.26 EPS. (NYSE:MTW), at its latest closing price of $7.80, it has a price-to-book ratio of 1.84, compared to an industry average at 1.92. Equities research analysts forecast that MGIC Investment Corporation will post $1.13 earnings per share for the current fiscal year.
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Several analysts recently commented on the stock. The rating was upgraded by Deutsche Bank on Monday, December 12 to "Buy".
July 21 investment analysts at Deutsche Bank kept the stock rating at "Buy" but raised the price target from $12.00 to $13.50. Finally, Compass Point raised MGIC Investment Corporation from a neutral rating to a buy rating in a report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Keefe Bruyette & Woods upgraded it to "Outperform" rating and $11.50 target in Monday, October 12 report. The Company's primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).