MGIC Investment (MTG) Receiving Somewhat Favorable Media Coverage, Report Shows

News coverage about MGIC Investment (NYSE:MTG) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGIC Investment earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.6761707790868 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s analysis:

A number of brokerages recently commented on MTG. ValuEngine cut shares of MGIC Investment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 10th. Wells Fargo & Co restated an “outperform” rating and set a $17.00 price target on shares of MGIC Investment in a research note on Tuesday, November 28th. Zacks Investment Research upgraded shares of MGIC Investment from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, October 23rd. B. Riley reiterated a “buy” rating on shares of MGIC Investment in a research note on Monday, November 6th. Finally, Royal Bank of Canada began coverage on shares of MGIC Investment in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $18.00 target price on the stock. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $16.39.

MGIC Investment (NYSE MTG) traded up $0.09 during midday trading on Monday, reaching $14.39. 2,018,500 shares of the company’s stock traded hands, compared to its average volume of 2,852,267. MGIC Investment has a fifty-two week low of $9.68 and a fifty-two week high of $16.21. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5,330.00, a PE ratio of 15.31, a PEG ratio of 1.43 and a beta of 2.28.

MGIC Investment (NYSE:MTG) last posted its earnings results on Thursday, January 18th. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.16. MGIC Investment had a net margin of 33.37% and a return on equity of 17.70%. The business had revenue of $271.50 million for the quarter, compared to analysts’ expectations of $273.66 million. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. analysts forecast that MGIC Investment will post 1.44 EPS for the current fiscal year.

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MGIC Investment 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.

Insider Buying and Selling by Quarter for MGIC Investment (NYSE:MTG)

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