Capital Fund Management S.A. Has $1.48 Million Stake in MGIC Investment Co. (NYSE:MTG)

Capital Fund Management S.A. cut its holdings in MGIC Investment Co. (NYSE:MTG - Free Report) by 66.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,381 shares of the insurance provider's stock after selling 124,285 shares during the period. Capital Fund Management S.A.'s holdings in MGIC Investment were worth $1,479,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MTG. EverSource Wealth Advisors LLC lifted its stake in shares of MGIC Investment by 21.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,336 shares of the insurance provider's stock valued at $55,000 after buying an additional 419 shares during the period. Xponance Inc. grew its holdings in shares of MGIC Investment by 1.3% during the 4th quarter. Xponance Inc. now owns 35,320 shares of the insurance provider's stock worth $837,000 after purchasing an additional 442 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of MGIC Investment by 1.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 37,821 shares of the insurance provider's stock valued at $897,000 after purchasing an additional 579 shares during the period. US Bancorp DE raised its stake in shares of MGIC Investment by 6.2% in the fourth quarter. US Bancorp DE now owns 10,249 shares of the insurance provider's stock valued at $243,000 after purchasing an additional 600 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in MGIC Investment by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,457 shares of the insurance provider's stock worth $248,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 95.58% of the company's stock.

Insider Buying and Selling

In other MGIC Investment news, CAO Julie K. Sperber sold 4,600 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $24.55, for a total value of $112,930.00. Following the completion of the sale, the chief accounting officer now owns 75,070 shares in the company, valued at $1,842,968.50. This trade represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Compass Point reissued a "neutral" rating and issued a $27.00 target price (up previously from $24.00) on shares of MGIC Investment in a research note on Wednesday, February 5th. Barclays raised their target price on MGIC Investment from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. UBS Group increased their price objective on shares of MGIC Investment from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of MGIC Investment from $28.00 to $26.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $26.50.

MGIC Investment Trading Up 0.8 %

NYSE MTG traded up $0.19 during trading hours on Friday, hitting $24.03. The company's stock had a trading volume of 1,681,155 shares, compared to its average volume of 1,803,598. The stock has a fifty day moving average of $23.92 and a 200 day moving average of $24.52. The company has a quick ratio of 1.25, a current ratio of 0.48 and a debt-to-equity ratio of 0.12. MGIC Investment Co. has a twelve month low of $19.57 and a twelve month high of $26.56. The firm has a market capitalization of $5.83 billion, a P/E ratio of 8.28 and a beta of 0.93.

MGIC Investment (NYSE:MTG - Get Free Report) last released its earnings results on Monday, February 3rd. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.07. MGIC Investment had a return on equity of 14.86% and a net margin of 63.18%. Equities research analysts forecast that MGIC Investment Co. will post 2.71 earnings per share for the current fiscal year.

MGIC Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Tuesday, February 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Tuesday, February 18th. MGIC Investment's dividend payout ratio is presently 17.93%.

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.