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MTG

MGIC Investment

$12.26

0.99 (8.78%)

, ESNT

Essent Group

$38.44

1.78 (4.86%)

06:59
07/19/18
07/19
06:59
07/19/18
06:59

Private mortgage insurer stocks have found a bottom, says Deutsche Bank

Deutsche Bank analyst Phil Stefano raised his price target for MGIC Investment (MTG) to $16 from $14 saying the company's Q2 results reinforce his belief that the private mortgage insurer stocks have found a bottom. The decline MGIC saw in new defaults and claim rate should be evident in peers' coming results, Stefano tells investors in a research note. As such, the analyst sees upside for consensus estimates in the sector following earnings prints this quarter.

MTG

MGIC Investment

$12.26

0.99 (8.78%)

ESNT

Essent Group

$38.44

1.78 (4.86%)

RDN

Radian Group

$17.51

0.89 (5.36%)

  • 03

    Aug

MTG MGIC Investment
$12.26

0.99 (8.78%)

06/13/18
06/13/18
DOWNGRADE
Target $11.5

Underperform
MGIC Investment downgraded to Underperform on limited upside, says BofA/Merrill
As previously reported, BofA/Merrill downgraded MGIC Investment to Underperform from Neutral and maintained a $11.50 price target. Analyst Mihir Bhatia said shares have rallied off the lows and thinks there is limited upside given premium relative valuation.
04/19/18
WELS
04/19/18
DOWNGRADE
Target $12
WELS
Market Perform
MGIC Investment downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Sean Dargan downgraded MGIC Investment (MTG) to Market Perform and lowered his price target for the shares to $12 from $18. The analyst also downgraded Essent Group (ESNT) to Market Perform and lowered his rating on the Mortgage Insurers space to Market Weight from Overweight. He keeps a Market Perform rating on Radian Group (RDN). Despite tailwinds from mortgage credit, companies in the sector seem "poised to compete away any benefit from tax reform, at the expense of shareholders," Dargan tells investors in a research note. The analyst thought mid-teen returns would be the floor on new pricing, but is now less certain that is the case. Dargan now has less confidence in future estimates.
04/19/18
LEHM
04/19/18
NO CHANGE
Target $16
LEHM
Overweight
MGIC Investment risk/reward 'very compelling,' says Barclays
Barclays analyst Mark DeVries says he remains bullish on shares of MGIC Investment following the company's Q1 results. Wells Fargo this morning downgraded the shares to Market Perform. MGIC posted another quarter of positive credit trends, and the stock's risk/reward is "very compelling" at current levels, DeVries tells investors in a post-earnings research note. He keeps an Overweight rating on the shares with a $16 price target.
06/13/18
BOFA
06/13/18
DOWNGRADE
BOFA
Underperform
MGIC Investment downgraded to Underperform from Neutral at BofA/Merrill
ESNT Essent Group
$38.44

1.78 (4.86%)

04/19/18
WELS
04/19/18
DOWNGRADE
Target $5
WELS
Market Perform
Essent Group downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Sean Dargan downgraded Essent Group (ESNT) to Market Perform and lowered his price target for the shares to $38 from $58. The analyst also downgraded MGIC Investment (MTG) to Market Perform and lowered his rating on the Mortgage Insurers space to Market Weight from Overweight. He keeps a Market Perform rating on Radian Group (RDN). Despite tailwinds from mortgage credit, companies in the sector seem "poised to compete away any benefit from tax reform, at the expense of shareholders," Dargan tells investors in a research note. The analyst thought mid-teen returns would be the floor on new pricing, but is now less certain that is the case. Dargan now has less confidence in future estimates.
04/10/18
RBCM
04/10/18
NO CHANGE
Target $48
RBCM
Outperform
Essent Group price target lowered to $48 from $59 at RBC Capital
RBC Capital analyst Mark Dwelle lowered his price target on Essent Group (ESNT) to $48, saying the competitive pressure on prices from the announcement by MGIC Investments (MTG) is a negative that will weigh on growth and margin expansion. Despite those headwinds however, the analyst notes Essent's clean balance sheet, low loan loss ratio, and operating leverage opportunities in keeping his Outperform rating on the stock, adding that the shares are attractive at the "current depressed valuation".
03/14/18
MACQ
03/14/18
INITIATION
Target $62
MACQ
Outperform
Essent Group initiated with an Outperform at Macquarie
Macquarie initiated Essent Group with an Outperform and $62 price target.
04/11/18
LEHM
04/11/18
NO CHANGE
Target $16
LEHM
Overweight
Barclays sees 'unique' buying opportunity after MGIC rate cut
The overreaction to MGIC Investment's (MTG) reduced borrower-paid premium rates presents a "unique buying opportunity," Barclays analyst Mark DeVries tells investors in a research note. The analyst fully expects that the rest of the industry will likely follow suit, but his updated models suggest "only a modest" earnings reduction on lower premium rate forecasts. He believes the stock's risk/rewards are "compelling once again." The analyst lowered his price target for Essent Group (ESNT) to $51 from $57, for MGIC to $16 from $18 and for Radian Group (RDN) to $28 from $31. He keeps Overweight ratings on all three names.
RDN Radian Group
$17.51

0.89 (5.36%)

04/19/18
WELS
04/19/18
NO CHANGE
Target $17
WELS
Market Perform
Radian Group price target lowered to $17 from $23 at Wells Fargo
Wells Fargo analyst Sean Dargan lowered his price target for Radian Group (RDN) to $17 from $23 and keeps a Market Perform rating on the shares. The analyst this morning also downgraded Essent Group (ESNT) and MGIC Investment (MTG) to Market Perform and lowered his rating on the Mortgage Insurers space to Market Weight from Overweight. Despite tailwinds from mortgage credit, companies in the sector seem "poised to compete away any benefit from tax reform, at the expense of shareholders," Dargan tells investors in a research note. The analyst thought mid-teen returns would be the floor on new pricing, but is now less certain that is the case. Dargan now has less confidence in future estimates.
06/05/18
MKMP
06/05/18
NO CHANGE
Target $20
MKMP
Buy
Radian Group price target cut to $20 from $27 at MKM Partners
MKM Partners analyst Harry Fong cut his price target on Radian to $20 from $27 and maintained a Buy rating on shares, telling investors in a research note that, notwithstanding the recent concerns over industry pricing and competition, he still believe that the near term outlook for Radian and the private mortgage insurance business remains "excellent," adding that the marketplace for the industry remains "a very rational kind of marketplace."

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Teva

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Nordstrom

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JPM

JPMorgan

$109.78

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$0.00

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Exxon Mobil

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Microsoft

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Commonwealth Bank of Australia

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Siemens

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BHP Group

$52.47

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GM

General Motors

$35.13

0.01 (0.03%)

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$35.13

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RNLSY

Renault

$0.00

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FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

, DWDP

DowDuPont

$31.10

0.16 (0.52%)

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DowDuPont

$31.10

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MGM

MGM Resorts

$25.55

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PayPal

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American Express

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Visa

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Aecom

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Honda

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UBER

Uber

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APTO

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TRNX

Taronis Technologies

$0.48

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USEG

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AAPL

Apple

$179.03

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  • 03

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SPCB

SuperCom

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USEG

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

3.03 (3.59%)

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Qiagen

$38.22

-0.255 (-0.66%)

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$38.22

-0.255 (-0.66%)

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AVH

Avianca

$3.96

0.91 (29.84%)

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