MGIC Investment Corporation $MTG Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of MGIC Investment Corporation (NYSE:MTG) by 103.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,708 shares of the insurance provider’s stock after acquiring an additional 23,704 shares during the quarter. SG Americas Securities LLC’s holdings in MGIC Investment were worth $1,365,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alps Advisors Inc. boosted its position in shares of MGIC Investment by 60.6% during the 3rd quarter. Alps Advisors Inc. now owns 701,943 shares of the insurance provider’s stock worth $19,914,000 after acquiring an additional 264,968 shares in the last quarter. Lingohr Asset Management GmbH boosted its position in shares of MGIC Investment by 1,625.5% during the 3rd quarter. Lingohr Asset Management GmbH now owns 233,534 shares of the insurance provider’s stock worth $6,625,000 after acquiring an additional 220,000 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of MGIC Investment by 17.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 472,083 shares of the insurance provider’s stock worth $13,393,000 after acquiring an additional 71,474 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of MGIC Investment by 106.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 687,445 shares of the insurance provider’s stock worth $19,503,000 after acquiring an additional 353,935 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new position in shares of MGIC Investment during the 3rd quarter worth about $4,648,000. 95.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTG has been the subject of several analyst reports. Barclays upped their price objective on MGIC Investment from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday. Weiss Ratings downgraded MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. Keefe, Bruyette & Woods boosted their target price on MGIC Investment from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, December 18th. Finally, UBS Group reduced their target price on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, MGIC Investment has an average rating of “Hold” and an average target price of $28.25.

MGIC Investment Stock Performance

NYSE MTG opened at $27.03 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $26.49 and its two-hundred day moving average is $27.47. MGIC Investment Corporation has a 12-month low of $21.94 and a 12-month high of $29.97. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 2.11 and a beta of 0.79.

MGIC Investment (NYSE:MTG) last released its earnings results on Monday, February 2nd. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. MGIC Investment had a return on equity of 14.33% and a net margin of 60.84%.During the same quarter in the previous year, the business posted $0.72 EPS. MGIC Investment’s revenue was down .9% on a year-over-year basis. Research analysts expect that MGIC Investment Corporation will post 2.71 EPS for the current year.

MGIC Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.60 annualized dividend and a yield of 2.2%. MGIC Investment’s payout ratio is presently 19.11%.

Insiders Place Their Bets

In other MGIC Investment news, COO Salvatore A. Miosi sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $27.27, for a total transaction of $818,100.00. Following the transaction, the chief operating officer owned 454,245 shares in the company, valued at approximately $12,387,261.15. The trade was a 6.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paula C. Maggio sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $27.51, for a total value of $550,200.00. Following the transaction, the executive vice president owned 114,689 shares in the company, valued at $3,155,094.39. The trade was a 14.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 339,336 shares of company stock worth $9,032,971. Company insiders own 1.05% of the company’s stock.

MGIC Investment Profile

MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.