MGIC Investment Corp. (MTG) Holdings Reduced by Capital Fund Management S.A.

Capital Fund Management S.A. reduced its stake in MGIC Investment Corp. (NYSE:MTG) by 68.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,700 shares of the insurance provider’s stock after selling 375,403 shares during the period. Capital Fund Management S.A.’s holdings in MGIC Investment were worth $2,409,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ameritas Investment Partners Inc. increased its stake in MGIC Investment by 10.3% in the second quarter. Ameritas Investment Partners Inc. now owns 32,517 shares of the insurance provider’s stock valued at $364,000 after purchasing an additional 3,036 shares during the last quarter. First Mercantile Trust Co. increased its stake in MGIC Investment by 6.4% in the fourth quarter. First Mercantile Trust Co. now owns 59,203 shares of the insurance provider’s stock valued at $836,000 after purchasing an additional 3,540 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in MGIC Investment by 125.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,190 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 4,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in MGIC Investment by 3.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 114,742 shares of the insurance provider’s stock valued at $1,438,000 after purchasing an additional 4,229 shares during the last quarter. Finally, Advisors Capital Management LLC increased its stake in MGIC Investment by 1.6% in the fourth quarter. Advisors Capital Management LLC now owns 281,159 shares of the insurance provider’s stock valued at $3,967,000 after purchasing an additional 4,323 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

MGIC Investment Corp. (NYSE:MTG) opened at $14.39 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5,330.00, a P/E ratio of 15.31, a PEG ratio of 1.43 and a beta of 2.28. MGIC Investment Corp. has a 1 year low of $9.68 and a 1 year high of $16.21.

MGIC Investment (NYSE:MTG) last announced its earnings results on Thursday, January 18th. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.16. MGIC Investment had a net margin of 33.37% and a return on equity of 17.70%. The business had revenue of $271.50 million for the quarter, compared to analyst estimates of $273.66 million. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. research analysts predict that MGIC Investment Corp. will post 1.44 EPS for the current year.

MTG has been the topic of several recent analyst reports. Wells Fargo & Co reiterated an “outperform” rating and issued a $17.00 price target on shares of MGIC Investment in a research note on Tuesday, November 28th. B. Riley restated a “buy” rating and set a $19.00 target price on shares of MGIC Investment in a research report on Thursday, January 18th. Royal Bank of Canada assumed coverage on shares of MGIC Investment in a research report on Wednesday, December 20th. They set an “outperform” rating and a $18.00 target price on the stock. Zacks Investment Research upgraded shares of MGIC Investment from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, October 23rd. Finally, ValuEngine upgraded shares of MGIC Investment from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.39.

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MGIC Investment Profile

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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Institutional Ownership by Quarter for MGIC Investment (NYSE:MTG)

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