MGIC Investment (MTG) Earning Favorable News Coverage, Accern Reports

News stories about MGIC Investment (NYSE:MTG) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGIC Investment earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 45.9154011542736 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

MGIC Investment (NYSE MTG) traded up $0.06 during mid-day trading on Friday, hitting $15.38. The stock had a trading volume of 2,830,000 shares, compared to its average volume of 2,486,973. The company has a market capitalization of $5,699.32, a P/E ratio of 12.61, a P/E/G ratio of 1.50 and a beta of 2.26. MGIC Investment has a 12 month low of $9.68 and a 12 month high of $15.55. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

MGIC Investment (NYSE:MTG) last released its earnings results on Wednesday, October 18th. The insurance provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The company had revenue of $270.30 million during the quarter, compared to the consensus estimate of $267.85 million. MGIC Investment had a return on equity of 16.41% and a net margin of 41.08%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. analysts predict that MGIC Investment will post 1.21 EPS for the current year.

MTG has been the topic of a number of recent analyst reports. Zacks Investment Research raised MGIC Investment from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, October 23rd. Bank of America boosted their price objective on MGIC Investment from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. MKM Partners boosted their price objective on MGIC Investment to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. FBR & Co reissued a “buy” rating on shares of MGIC Investment in a research note on Wednesday, October 18th. Finally, BTIG Research reissued a “buy” rating and issued a $14.00 price objective on shares of MGIC Investment in a research note on Saturday, October 14th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. MGIC Investment has an average rating of “Buy” and an average target price of $14.34.

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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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