But the company had a much higher provision for income taxes in the most recent quarter, at $56 million, up from $1.3 million in the second quarter of 2015. Beta factor of the stock stands at 2.95.
Advertisement
The company’s Market capitalization is $423.84 Billion with the total Outstanding Shares of MSFT is $7.86 Billion. They set a “hold” rating and a $9.00 price objective on the stock.
MGIC Investment Corp. has a one year low of $5.36 and a one year high of $11.34.
Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation (“MGIC”), said, “I am happy to report that our insurance in force continued to grow as we added $12.6 billion of high quality new insurance, the delinquent inventory continued to depreciate while newer books of business continue to generate low level of new delinquent notices, and we maintained our traditionally low expense ratio”. The businesses 50 day moving average is 6.26 and its 200 day moving average is 6.91. MGIC Investment Corporation (MTG) recently stated pretax income of $165.2 million for the quarter ended June 30, 2016 contrast with $115.0 million for the same period a year ago. Analysts predict that MGIC Investment Corp. will post $0.77 EPS for the current fiscal year.
MGIC Investment’s total operating revenue of $262.7 million was up 8.2% year over year on higher premiums earned, investment income and other income. “0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.5” brokerage firms. Analysts forecast EPS of $0.20, down exactly $0.08 or 28.57% from 2014’s $0.28 EPS. The brokerage presently has a $9.00 price target on the stock, up from their prior price target of $8.50. The daily volume was measured at 5.56 million shares. By leveraging TransRe’s underwriting acumen, claims expertise and broker relationships across the combined financial strength of the two companies, the new facility will deliver enhanced solutions to the reinsurance market including broader capacity and line size, while providing consistency and assurance in execution. The stock has a P/E ratio of 2.67.Its latest closing price has a distance of 6.03% from SMA20 and is -0.36 down than SMA50.
Synchrony Financial (NYSE:SYF), a premier consumer financial services company with more than 80 years of retail heritage, recently declared an agreement with Cathay Pacific Airways to introduce a new co-branded Visa® credit program for USA travelers. The last trading range of the stock ranges between $53.55 and $54.34. (NYSE:MTG), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. To ensure that MGIC continues to support these efforts and is capable of providing industry leading integrations, the company has promoted Leslie Malicki-Berth to Business Partner Relationship Manager. Overweight rating was given by 1 analysts and Underweight rating was given by 0 analysts. After the session opened at $32.29, the stock’s price hit the top of $ 32.52 while it touched a low of $ 32.21.
Advertisement
Mitchell Collin is brilliant content Writer/editor of StreetUpdates. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’s author. He performs analysis of Companies and publicizes important information for investor/traders community.
