19,349 Shares in MGIC Investment Co. (NYSE:MTG) Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new stake in MGIC Investment Co. (NYSE:MTG) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,349 shares of the insurance provider’s stock, valued at approximately $459,000.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in MGIC Investment by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 150,750 shares of the insurance provider’s stock valued at $3,858,000 after acquiring an additional 540 shares during the period. Lindenwold Advisors INC lifted its position in shares of MGIC Investment by 3.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,611 shares of the insurance provider’s stock worth $425,000 after purchasing an additional 592 shares during the last quarter. Inspire Investing LLC boosted its stake in MGIC Investment by 4.8% during the 4th quarter. Inspire Investing LLC now owns 16,883 shares of the insurance provider’s stock valued at $400,000 after purchasing an additional 766 shares during the period. UMB Bank n.a. grew its holdings in MGIC Investment by 131.9% in the 4th quarter. UMB Bank n.a. now owns 1,649 shares of the insurance provider’s stock valued at $39,000 after buying an additional 938 shares during the last quarter. Finally, Financial Strategies Group Inc. increased its position in MGIC Investment by 9.2% in the 3rd quarter. Financial Strategies Group Inc. now owns 11,440 shares of the insurance provider’s stock worth $295,000 after buying an additional 966 shares during the period. Institutional investors own 95.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTG shares. Barclays raised their price objective on shares of MGIC Investment from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Bank of America lowered shares of MGIC Investment from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $26.00 to $25.00 in a research report on Monday, December 9th. Royal Bank of Canada cut their price objective on shares of MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods decreased their target price on MGIC Investment from $29.00 to $28.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.86.

MGIC Investment Stock Down 0.1 %

Shares of MTG opened at $24.76 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $24.50 and a two-hundred day moving average price of $24.55. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.85 and a beta of 1.29. MGIC Investment Co. has a 12 month low of $18.68 and a 12 month high of $26.56.

MGIC Investment (NYSE:MTG) last posted its earnings results on Monday, November 4th. The insurance provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.66 by $0.11. The business had revenue of $306.65 million during the quarter, compared to the consensus estimate of $306.03 million. MGIC Investment had a return on equity of 14.99% and a net margin of 64.09%. MGIC Investment’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. Equities analysts predict that MGIC Investment Co. will post 2.85 EPS for the current fiscal year.

About MGIC Investment

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.