MGIC Investment Corporation (MTG) Earning Somewhat Favorable News Coverage, Study Shows

News coverage about MGIC Investment Corporation (NYSE:MTG) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MGIC Investment Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.1902331647827 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

MGIC Investment Corporation (NYSE:MTG) last announced its earnings results on Wednesday, October 18th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The company had revenue of $270.30 million for the quarter, compared to analyst estimates of $267.85 million. MGIC Investment Corporation had a return on equity of 17.01% and a net margin of 41.08%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 earnings per share.

Several research firms have commented on MTG. Deutsche Bank AG raised their price objective on MGIC Investment Corporation from $13.00 to $13.50 and gave the stock a “buy” rating in a report on Friday, July 21st. BTIG Research restated a “buy” rating and set a $14.00 price objective (up from $12.00) on shares of MGIC Investment Corporation in a report on Saturday, July 22nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $13.00 price objective on shares of MGIC Investment Corporation in a report on Thursday, August 31st. Zacks Investment Research upgraded MGIC Investment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, August 22nd. Finally, Compass Point restated a “buy” rating and set a $15.25 price objective (up from $13.00) on shares of MGIC Investment Corporation in a report on Wednesday, October 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. MGIC Investment Corporation presently has a consensus rating of “Buy” and an average price target of $14.08.

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MGIC Investment Corporation Company Profile

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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