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Stock Market & Financial Investment News

News Breaks
August 11, 2014
04:55 EDTMTG, MTG, Z, ZSusquehanna to hold a forum
Financial Group 2014 Housing Forum to be held in New York on August 12.
News For MTG;Z From The Last 14 Days
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April 24, 2015
10:22 EDTMTGOptions with decreasing implied volatility
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April 23, 2015
09:12 EDTZThe Atlantic Council to hold a conference
The Atlantic Summit on the Economy is being held in Washington, D.C. on April 23 with webcasted presentations to begin at 9 am. Webcast Link
April 21, 2015
09:22 EDTMTGOn The Fly: Pre-market Movers
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07:04 EDTMTGMGIC Investment reports Q1 EPS 32c, consensus 21c
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April 20, 2015
15:37 EDTMTGNotable companies reporting before tomorrow's open
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10:00 EDTMTGOn The Fly: Analyst Upgrade Summary
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06:30 EDTMTGMGIC Investment upgraded to Neutral from Underperform at Credit Suisse
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April 17, 2015
17:08 EDTMTGMGIC Investment expects MGIC to be in compliance with PMIERs
We expect that Mortgage Guaranty Insurance Company, which is the principal subsidiary of MGIC Investment Corporation, will be in compliance with the PMIERs, including their revised financial requirements, when they become effective. We estimate that as of March 31, MGIC's Available Assets are approximately $5.12B and its Minimum Required Assets are approximately $5.35B, resulting in a shortfall of approximately $230M. Our shortfall estimates are based on our interpretation of the PMIERS and assume that the risk in force and assets of MGIC's MIC subsidiary will be repatriated to MGIC. Our shortfall estimates do not include any benefits from MGIC's existing reinsurance transaction or the anticipated restructure of the existing reinsurance transaction, capital contributions from MTG to MGIC, or the transfer of other assets from regulated insurance affiliates of MGIC that subject to regulatory approval could increase the Available Assets of MGIC. As we have previously disclosed, we would not have received full credit under the PMIERs for our existing reinsurance transaction. Therefore, we have reached agreement to restructure that transaction in a way that we believe will result in MGIC receiving the maximum benefit under the PMIERs. The effectiveness of this restructured transaction will be subject to approval by the Wisconsin Office of the Commissioner of Insurance and the GSEs. In addition, in April, we received regulatory approval to transfer $45M of assets from regulated insurance affiliates of MGIC that will increase the Available Assets of MGIC. Furthermore, we believe a portion of MTG's $491M of cash and investments at December 31, 2014, may be available for future contribution to MGIC.
April 16, 2015
15:02 EDTZZillow Group to give MLS partners free public record data
Zillow Group announced it will begin offering its industry partners access to free public record data with broad usage rights, through a new program, Zillow Group Data Connect. In addition to public record data, ZGDC will offer MLSs the opportunity to receive, and share with members, dynamic, frequently-updated data from Zillow, such as the Zestimate and user-contributed data, like updates about renovations. Zillow Group's new program will allow partner MLSs to access information about properties, including mortgage information, tax rate, physical attributes, and mailing addresses, in addition to proprietary Zillow data. ZGDC is expected to be available in Q4.
April 15, 2015
09:11 EDTZZillow Group price target lowered to $121 from $145 at JMP Securities
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07:35 EDTZZillow Group fundamentals should strengthen from here, says Canaccord
Canaccord noted Zillow held a conference call to update guidance following its Trulia acquisition. The firm said the company's outlook was negatively impacted by Trulia but that Zillow is enjoying strong performance. Canaccord expects synergies to kick in and sees the potential for ad pricing expansion as the company operates from a position of strength versus competitors. Canaccord maintained its Buy rating, but lowered its price target to $115 from $125 on Zillow Group shares.
April 14, 2015
10:01 EDTZZillow Group dives in early trading, levels to watch
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09:57 EDTZZillow resumes, down 9.2% to $85 after revenue guidance misses expectations
09:43 EDTZZillow Group trading to resume at 9:55 am EDT
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09:25 EDTZZillow Group says FY15 is a 'transition year'
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09:05 EDTZZillow Group sees FY15 revenue about $690M, consensus $752.97M
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07:44 EDTZZillow Group April volatility low into call to discuss Trulia, FY15 outlook
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April 13, 2015
19:18 EDTZOn The Fly: After Hours Movers
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18:22 EDTZZillow Group to host conference call
Conference call to discuss acquisition of Trulia and provide an operational update will be held on April 14 at 9 am. Webcast Link
17:10 EDTZZillow Group hosting conference call April 14 to discuss Trulia, FY15 outlook
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