Somewhat Favorable Media Coverage Somewhat Unlikely to Impact MGIC Investment (MTG) Share Price

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:

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.

MGIC Investment (NYSE:MTG) last issued its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.16. The business had revenue of $271.50 million for the quarter, compared to the consensus estimate of $273.66 million. MGIC Investment had a return on equity of 17.70% and a net margin of 33.37%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. analysts forecast that MGIC Investment will post 1.45 EPS for the current fiscal year.

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.

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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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