Published: Sat, December 16, 2017
Business | By Max Garcia

Analysts See $0.28 EPS for MGIC Investment Corporation (MTG)


Oskie Capital Management LLC now owns 173,362 shares of the insurance provider's stock valued at $2,172,000 after buying an additional 31,000 shares during the period. Sawgrass Asset Management LLC grew its position in MGIC Investment by 479.1% during the third quarter. The stock decreased 2.91% or $0.44 during the last trading session, reaching $14.7. About 2.56M shares traded. Zacks Investment Research lowered shares of MGIC Investment Corporation from a "buy" rating to a "hold" rating in a research report on Thursday, May 11th. It has outperformed by 43.42% the S&P500.

D-E Shaw & Company Inc decreased Cenovus Energy Inc (CVE) stake by 66.59% reported in 2017Q2 SEC filing. The Df Dent & Co Inc holds 721,689 shares with $61.89M value, down from 872,770 last quarter. Further, company shares have been seen trading -15.82% off of the 52 week high and 51.20% away from the 52 week low. Enbridge Inc. (NYSE:ENB) has declined 0.40% since December 15, 2016 and is downtrending. It has outperformed by 19.10% the S&P500. The firm offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It has a 18.38 P/E ratio. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements.

Investors sentiment decreased to 0.8 in 2017 Q2. During the same quarter in the previous year, the firm earned $0.14 earnings per share. research analysts anticipate that MGIC Investment will post 1.21 EPS for the current year. Gargoyle Investment Advisor Llc sold 34,585 shares as Mgic Invt Corp Wis (MTG)'s stock declined 1.12%.

VANGUARD GROUP INC raised its stake in Alcoa Corporation (NYSE:AA) by 5.20% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. BLACKROCK INC. owned 5.30% of Alcoa Corporation (AA) worth $342.89 million at the end of the most recent reporting period.The investor is now holding 8,191,329 shares thanks to an increase of 412,236 new shares in their portfolio.

Moreover, Tfs Cap Ltd has 0.12% invested in MGIC Investment Corporation (NYSE:MTG). Tiaa Cref Invest Mngmt Limited Com accumulated 1.55M shares. After $0.32 actual EPS reported by MGIC Investment Corporation for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth. Canada Pension Plan Board has 77,500 shares for 0% of their portfolio. Hsbc Holding Public Llc holds 210,241 shares or 0% of its portfolio. Thrivent Financial For Lutherans has 0.02% invested in MGIC Investment Corporation (NYSE:MTG). Given that liquidity is king in short-term, MTG is a stock with 373.71 million shares outstanding that normally trades 1.42% of its float. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since December 15, 2016 and is uptrending. Teacher Retirement System Of Texas reported 0% in MGIC Investment Corporation (NYSE:MTG). Art Advisors holds 14,000 shares. Dekabank Deutsche Girozentrale accumulated 170,100 shares. Walleye Trading Lc holds 4,759 shares. About 2.56M shares traded. MGIC Investment Corporation has a one year low of $5.36 and a one year high of $11.40. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Therefore 73% are positive. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel. On Thursday, July 20 the stock rating was maintained by FBR Capital with "Buy". The stock has "Buy" rating by BTIG Research on Wednesday, October 18.

Heading into the stock price potential, MGIC Investment Corporation needs to grow just 8.84% to cross its median price target of $16. The firm has "Outperform" rating by Keefe Bruyette & Woods given on Monday, October 12. The stock has "Mkt Perform" rating by FBR Capital on Friday, January 22. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Wednesday, August 30 report. The firm earned "Buy" rating on Thursday, April 13 by Compass Point.

Analysts await Enbridge Inc. (NYSE:CVE) to report earnings on February, 15. They expect $0.28 earnings per share, 0.00% or $0.00 from last year's $0.28 per share. BLKB's profit will be $21.15 million for 53.07 P/E if the $0.45 EPS becomes a reality.

Among 9 analysts covering Bunge Limited (NYSE:BG), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 42% are positive. The rating was downgraded by Bank of America on Wednesday, November 23 to "Underperform". The stock of Enbridge Inc. The firm earned "Neutral" rating on Tuesday, December 15 by JP Morgan. As per Friday, October 27, the company rating was maintained by Citigroup. The rating was initiated by Canaccord Genuity on Monday, March 7 with "Buy". Credit Suisse upgraded Bunge Limited (NYSE:BG) on Tuesday, September 29 to "Outperform" rating. Stifel Nicolaus maintained Blackbaud, Inc. Barclays Capital has "Overweight" rating and $115 target.

The investor is now holding $13.23 million shares due in part to a decrease of 1.67 million new shares in their portfolio. Its down 0.07, from 1.42 in 2017Q1. Staley Advisers invested in 202,201 shares. Salem Invest Counselors Inc reported 1,525 shares. Ngam Advsrs LP has 16,584 shares for 0.02% of their portfolio. Bluemar Capital Management holds 0.87% or 135,323 shares in its portfolio. Manufacturers Life Insur The reported 283,108 shares. (NASDAQ:BLKB). 1St Glob Advsrs holds 0.09% or 9,588 shares. Aqr Cap Mgmt Ltd stated it has 3.18M shares or 0.05% of all its holdings. Piedmont Inv Ltd accumulated 220,281 shares. Rfg Advisory Gp Ltd Liability Corporation invested in 0.76% or 21,551 shares. Cap World Invsts owns 4.77M shares or 0.01% of their United States portfolio. Oaktree Capital Management Lp sold 3.30 million shares as the company's stock declined 1.12% while stock markets rallied. It also upped Arconic Inc stake by 638,207 shares and now owns 753,707 shares. Becker Management owns 473,414 shares.

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