Yousif Capital Management LLC Has $2.57 Million Stake in MGIC Investment Co. (NYSE:MTG)

Yousif Capital Management LLC reduced its holdings in MGIC Investment Co. (NYSE:MTG) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 133,091 shares of the insurance provider’s stock after selling 2,046 shares during the quarter. Yousif Capital Management LLC’s holdings in MGIC Investment were worth $2,567,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in MGIC Investment in the 4th quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in shares of MGIC Investment by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,576 shares of the insurance provider’s stock worth $50,000 after acquiring an additional 849 shares during the last quarter. Planned Solutions Inc. bought a new position in MGIC Investment during the fourth quarter worth $66,000. USA Financial Formulas acquired a new position in MGIC Investment during the 3rd quarter valued at $100,000. Finally, Janiczek Wealth Management LLC boosted its holdings in MGIC Investment by 29.5% in the 4th quarter. Janiczek Wealth Management LLC now owns 5,572 shares of the insurance provider’s stock valued at $107,000 after purchasing an additional 1,269 shares during the period. 95.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTG has been the topic of several research analyst reports. Royal Bank of Canada raised their price target on shares of MGIC Investment from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $24.00 price target (up from $23.50) on shares of MGIC Investment in a research note on Thursday, April 4th. Finally, Roth Mkm raised their price objective on MGIC Investment from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, MGIC Investment presently has an average rating of “Hold” and a consensus price target of $21.08.

MGIC Investment Price Performance

Shares of MGIC Investment stock opened at $20.56 on Tuesday. MGIC Investment Co. has a twelve month low of $13.97 and a twelve month high of $22.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $5.54 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. The firm’s 50-day simple moving average is $20.48 and its 200-day simple moving average is $19.17.

MGIC Investment (NYSE:MTG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. MGIC Investment had a return on equity of 14.82% and a net margin of 61.72%. The company had revenue of $284.72 million for the quarter, compared to the consensus estimate of $302.96 million. As a group, research analysts expect that MGIC Investment Co. will post 2.43 EPS for the current fiscal year.

MGIC Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, May 9th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, May 8th. MGIC Investment’s dividend payout ratio (DPR) is 18.47%.

MGIC Investment Company Profile

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.