Centiva Capital LP Purchases 23,097 Shares of MGIC Investment Co. (NYSE:MTG)

Centiva Capital LP grew its position in shares of MGIC Investment Co. (NYSE:MTG - Free Report) by 224.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,388 shares of the insurance provider's stock after purchasing an additional 23,097 shares during the quarter. Centiva Capital LP's holdings in MGIC Investment were worth $855,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MTG. State of Alaska Department of Revenue raised its stake in shares of 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 worth $3,858,000 after acquiring an additional 540 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in MGIC Investment by 1.6% in the second quarter. Nations Financial Group Inc. IA ADV now owns 35,306 shares of the insurance provider's stock worth $761,000 after purchasing an additional 565 shares during the last quarter. Lindenwold Advisors INC boosted its position in MGIC Investment by 3.7% during the third quarter. Lindenwold Advisors INC now owns 16,611 shares of the insurance provider's stock valued at $425,000 after buying an additional 592 shares during the period. Fortem Financial Group LLC grew its stake in shares of MGIC Investment by 1.0% during the second quarter. Fortem Financial Group LLC now owns 75,447 shares of the insurance provider's stock valued at $1,626,000 after buying an additional 747 shares during the last quarter. Finally, Financial Strategies Group Inc. increased its holdings in shares of MGIC Investment by 9.2% in the third 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. 95.58% of the stock is owned by hedge funds and other institutional investors.

MGIC Investment Trading Down 0.7 %

NYSE MTG traded down $0.18 on Friday, hitting $25.52. The company's stock had a trading volume of 1,007,724 shares, compared to its average volume of 1,734,220. The firm has a market cap of $6.47 billion, a P/E ratio of 8.99, a PEG ratio of 1.85 and a beta of 1.27. MGIC Investment Co. has a 52-week low of $17.42 and a 52-week high of $26.56. The company's 50-day simple moving average is $25.30 and its 200 day simple moving average is $23.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.12.

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

MGIC Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, November 7th. MGIC Investment's dividend payout ratio is currently 18.31%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays increased their target price on MGIC Investment from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Royal Bank of Canada cut their target price on shares of MGIC Investment from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

MGIC Investment 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.