Campbell & CO Investment Adviser LLC decreased its position in shares of MGIC Investment Co. (NYSE:MTG – Free Report) by 55.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 34,214 shares of the insurance provider’s stock after selling 42,013 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in MGIC Investment were worth $571,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in MGIC Investment in the first quarter worth approximately $26,000. Industrial Alliance Investment Management Inc. grew its stake in shares of MGIC Investment by 374.0% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 3,925 shares of the insurance provider’s stock worth $51,000 after buying an additional 3,097 shares in the last quarter. Spotlight Asset Group Inc. purchased a new position in shares of MGIC Investment in the 2nd quarter worth $77,000. Bessemer Group Inc. grew its stake in shares of MGIC Investment by 26.4% in the 2nd quarter. Bessemer Group Inc. now owns 5,914 shares of the insurance provider’s stock worth $94,000 after buying an additional 1,237 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in shares of MGIC Investment in the 3rd quarter worth about $121,000. Hedge funds and other institutional investors own 93.41% of the company’s stock.
MGIC Investment Trading Up 0.7 %
Shares of MTG stock opened at $19.07 on Monday. MGIC Investment Co. has a fifty-two week low of $12.15 and a fifty-two week high of $20.26. The company has a 50 day moving average price of $19.21 and a 200 day moving average price of $17.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.63 and a current ratio of 0.61. The stock has a market capitalization of $5.29 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.
MGIC Investment Announces Dividend
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MTG. Barclays began coverage on shares of MGIC Investment in a report on Wednesday, November 15th. They set an “equal weight” rating and a $19.00 price objective for the company. Roth Mkm increased their target price on shares of MGIC Investment from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada increased their target price on shares of MGIC Investment from $18.00 to $21.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Finally, UBS Group initiated coverage on shares of MGIC Investment in a research note on Wednesday, December 6th. They set a “neutral” rating and a $18.50 price target on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.50.
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.
- Five stocks we like better than MGIC Investment
- Breakout Stocks: What They Are and How to Identify Them
- Uber quadruples EPS estimates, but is growth decelerating?
- How to Capture the Benefits of Dividend Increases
- 3 stocks set to benefit from record Valentine’s Day spending
- What Do S&P 500 Stocks Tell Investors About the Market?
- Tradeweb is a disruptive pure play on financial market liquidity
Receive News & Ratings for MGIC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGIC Investment and related companies with MarketBeat.com's FREE daily email newsletter.