MGIC Investment Corporation Reports First Quarter 2016 Results

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Go back to MGIC Investment Corporation Reports First Quarter 2016 Results

FBR Capital Raises Price Target on MGIC Investment (MTG) Following 1Q EPS Miss

April 20, 2016 8:08 AM EDT

FBR Capital reiterated a Market Perform rating on MGIC Investment (NYSE: MTG), and raised the price target to $7.50 (from $7.00), following the company's 1Q earnings release. MGIC announced EPS of $0.17, which missed consensus expectations of $0.22. Higher-than-anticipated losses drove the company's bottom line miss.

Analyst... More

Compass Point Downgrades MGIC Investment (MTG) to Neutral

April 20, 2016 7:42 AM EDT

Compass Point downgraded MGIC Investment (NYSE: MTG) from Buy to Neutral with a price target of $9.00 (from $10.00).

Analyst Amy DeBone commented, "We downgrade shares of MTG from Buy to Neutral, reduce our price target to $9 from $10, reduce our 2016 estimate to $0.78 from $0.95, and reduce our 2017 estimate to... More