Equities researchers at Susquehanna assumed coverage on shares of MGIC Investment (NYSE: MTG)
Shares of MGIC Investment traded down 0.20% during mid-day trading on Monday, hitting $4.91. MGIC Investment has a 52 week low of $0.66 and a 52 week high of $6.19. The stock?s 50-day moving average is currently $3.13. The company?s market cap is $993.3 million.
MGIC Investment last issued its quarterly earnings data on Thursday, February 28th. The company reported ($1.91) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.77) by $0.14. The company had revenue of $371.40 million for the quarter, compared to the consensus estimate of $322.32 million. During the same quarter in the prior year, the company posted ($0.67) earnings per share. The company?s quarterly revenue was down 16.9% on a year-over-year basis. On average, analysts predict that MGIC Investment will post $-0.79 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MTG. Analysts at FBR Capital raised their price target on shares of MGIC Investment from $1.00 to $4.00 in a research note to investors on Monday, March 4th. They now have a ?market perform? rating on the stock. Separately, analysts at Zacks reiterated a ?neutral? rating on shares of MGIC Investment in a research note to investors on Friday, March 1st. They now have a $3.25 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of MGIC Investment from $2.50 to $3.00 in a research note to investors on Monday, February 25th. They now have a ?buy? rating on the stock. Two analysts have rated the stock with a buy rating, three have given a hold rating, and two have assigned a sell rating to the stock. MGIC Investment presently has an average rating of ?hold? and a consensus target price of $4.21.
MGIC Investment Corporation (MGIC) is a holding company and through wholly owned subsidiaries is a private mortgage insurer in the United States.