News headlines about MGIC Investment (NYSE:MTG) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MGIC Investment earned a news impact score of 0.20 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.6118948041724 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- MGIC Investment (MTG) Given “Buy” Rating at B. Riley (americanbankingnews.com)
- Edited Transcript of MTG earnings conference call or presentation 18-Jan-18 3:00pm GMT (finance.yahoo.com)
- MGIC Investment (MTG) Q4 Earnings Surpass, Revenues Miss (finance.yahoo.com)
- MGIC’s New Business Down, Delinquency Up (mortgagedaily.com)
- Profits rise for mortgage insurer MGIC Investment Corp. (jsonline.com)
Shares of MGIC Investment (NYSE MTG) opened at $15.68 on Friday. The stock has a market capitalization of $5,806.78, a P/E ratio of 16.68, a P/E/G ratio of 1.27 and a beta of 2.30. MGIC Investment has a 12-month low of $9.68 and a 12-month high of $16.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.
A number of equities analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $19.00 target price on shares of MGIC Investment in a research note on Thursday. Deutsche Bank upgraded MGIC Investment from a “hold” rating to a “buy” rating and increased their target price for the stock from $15.00 to $18.00 in a research note on Monday, January 8th. Zacks Investment Research lowered MGIC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. MKM Partners increased their price target on MGIC Investment to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, ValuEngine downgraded MGIC Investment from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.63.
About MGIC Investment
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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