MGIC Investment Corporation (NYSE:MTG) registered a -1.92% decrease, still its new closing price is 100.19% up from the company’s 1 year high of 10.97.It posted 3.37% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 12 stock analysts following this company have an average price target at $11.83, with individual PT in the $10.50-$13.00 range. The shares moved at $10.73, implying that brokerage firms see shares gaining about 65.59% in twelve months time.
MGIC Investment Corporation (MTG) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 5.30% rise year to date. A Director at MGIC Investment Corporation (MTG) acquired shares in a transaction closed on Tuesday February 09, 2016. CARR CASSANDRA C bought 5,000 shares in the company at $6.35 each and collected $31,001 in proceeds. CARR CASSANDRA C now owns 5,000 shares in the company after this transaction. A SVP-Chief Information Officer in the company, Chi Gregory A., disclosed a transaction on Thursday January 28, 2016 that ended up paying $63,001 from the purchase of 10,000 shares at $6.36 per share.
MGIC Investment Corporation (NYSE:MTG) Upcoming Results on Tap
MGIC Investment Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.24 in that period. Sales during the quarter are predicted to arrive at $266.72 million.
Earnings surprise history: Last quarter, the company posted approximately $266.52 million in revenue and EPS of $0.28. The mean forecast was for $265.33 million and $0.22 a share, respectively. One quarter earlier, revenue for the stock was at $273.85 million, with earnings at $0.14/share.
MGIC Investment Corporation (MTG) Brokerage Update
MGIC Investment Corporation (MTG) is in Compass Point’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Compass Point, according to news reported on Wednesday July 20, 2016.Another important research note was issued by FBR Capital on Thursday June 30, 2016.The firm upgraded MTG to Outperform from Mkt Perform. Over the last six months and over the last three months, the shares of MGIC Investment Corporation (MTG), have changed 45.79% and 32.80%, respectively.