News headlines about MGIC Investment (NYSE:MTG) have been trending somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGIC Investment earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.8712261708954 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Noteworthy ETF Outflows: IWN, MTG, STL, UMPQ – Nasdaq (nasdaq.com)
- Is Stock’s Performance Impressive? – MGIC Investment Corporation (NYSE: MTG) – Alpha Beta Stock (alphabetastock.com)
- MGIC Investment Target of Unusually High Options Trading (MTG) (americanbankingnews.com)
- MGIC Investment Corporation (NYSE:MTG) – PEG Ratio Can Tell You A Different Story Than P/E – Nasdaq Journal (press release) (nasdaqjournal.com)
- MGIC Investment Corporation (MTG) : Investor is seeking for stock with consensus Analysts Rating? – Wall Street Morning (wallstreetmorning.com)
Shares of MGIC Investment (MTG) opened at $14.13 on Thursday. The stock has a market capitalization of $5,250.00, a P/E ratio of 12.39, a PEG ratio of 1.37 and a beta of 2.29. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. MGIC Investment has a 1 year low of $9.68 and a 1 year high of $15.64.
Several equities research analysts recently weighed in on the company. BTIG Research boosted their target price on MGIC Investment from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada assumed coverage on MGIC Investment in a report on Wednesday, December 20th. They issued an “outperform” rating and a $18.00 target price for the company. Wells Fargo & Co restated a “buy” rating on shares of MGIC Investment in a report on Friday, December 8th. B. Riley reiterated a “buy” rating on shares of MGIC Investment in a report on Monday, November 6th. Finally, Deutsche Bank lowered MGIC Investment from a “buy” rating to a “hold” rating and set a $13.50 price target for the company. in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.98.
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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