MGIC Investment Corporation (NYSE:MTG)'s stock has been a favorite of "smart money" aka institutions, as of late. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. However, its trading capacity stayed around 2.42 million shares in normal days. The insider now holds 228,903 shares of MGIC Investment Corporation (MTG).
Other analysts have also issued research reports about the stock. Chickasaw Capital Management Limited Company has 0.01% invested in MGIC Investment Corp. The co's performance for 6 months was isolated positively of 7.10%, 1-year performance stands at 26.24% and year to date showing surged performance of 5.37%. Zacks Investment Research lowered shares of MGIC Investment Corporation from a buy rating to a hold rating in a research note on Wednesday, October 4th. Analysts mean recommendation for the stock is 1.80. The stock is trading at $13.06 which is marginally higher than the 50 day moving average of $11.90 and which is significantly above the 200 day moving average of $11.27.
MGIC Investment Corporation is a holding company. BlackRock Inc. boosted its holdings in MGIC Investment Corporation by 1.6% in the second quarter. The stock exchanged hands with 2870079 numbers of shares contrast to its average daily volume of 4.50M shares.
11/28/2016 - MGIC Investment Corporation had its "neutral" rating reiterated by analysts at Credit Suisse. The legal version of this piece can be read at https://www.truebluetribune.com/2017/10/17/mgic-investment-corporation-mtg-earns-buy-rating-from-btig-research.html. Finally, BidaskClub raised MGIC Investment Corporation from a "hold" rating to a "buy" rating in a research note on Wednesday, June 14th.
Analysts on average have given a price target of $13.53 to MGIC Investment Corp.
MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry.
MGIC Investment Corp. (NYSE:MTG) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 62.1 percent and its overall profit margin (ttm) is 35 Percent. The stock traded within a range of $12.93 and $13.20.
The most recent non open market insider trade was completed by MACKEY STEPHEN C on 07/22/2017, and was a disposition of 4,960 shares with a final price of $11.91. Relative Strength Index (RSI-14) for MGIC Investment Corp. The firm has a market capitalization of $4.87 billion, a P/E ratio of 13.548 and a beta of 2.16.
MGIC Investment Corporation (NYSE:MTG) last issued its quarterly earnings results on Thursday, July 20th. The total number of shares traded in the last 90-day period is 4,960. MGIC Investment Corp. (NYSE:MTG) has risen 60.12% since October 16, 2016 and is uptrending. The business had revenue of $263.31 million for the quarter, compared to analysts' expectations of $263.43 million. They expect $0.26 earnings per share, up 4.00% or $0.01 from last year's $0.25 per share. Next quarter's EPS is forecasted to be $0.27 and the next full year EPS is projected to be $1.15. On average, equities research analysts predict that MGIC Investment Corporation will post $1.14 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: "MGIC Investment Corporation (MTG) is NFC Investments LLC's 3rd Largest Position" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and global trademark & copyright laws. MGIC Investment Corp.'s average EBITDA per Share Growth Rate was 27.3 percent during the past 12 months. 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.
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