Natixis Advisors LLC Boosts Stock Position in MGIC Investment Co. (NYSE:MTG)

Natixis Advisors LLC raised its holdings in shares of MGIC Investment Co. (NYSE:MTG - Free Report) by 38.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 152,404 shares of the insurance provider's stock after purchasing an additional 42,088 shares during the period. Natixis Advisors LLC owned 0.06% of MGIC Investment worth $3,902,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in MGIC Investment by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,145,206 shares of the insurance provider's stock valued at $326,375,000 after acquiring an additional 556,859 shares during the period. WINTON GROUP Ltd boosted its stake in shares of MGIC Investment by 440.3% in the second quarter. WINTON GROUP Ltd now owns 521,001 shares of the insurance provider's stock worth $11,228,000 after buying an additional 424,580 shares during the last quarter. Vest Financial LLC grew its holdings in MGIC Investment by 22.7% during the second quarter. Vest Financial LLC now owns 1,073,756 shares of the insurance provider's stock worth $23,139,000 after acquiring an additional 198,553 shares during the period. CX Institutional purchased a new position in MGIC Investment during the third quarter valued at approximately $4,911,000. Finally, Edgestream Partners L.P. lifted its holdings in MGIC Investment by 153.9% in the second quarter. Edgestream Partners L.P. now owns 244,980 shares of the insurance provider's stock valued at $5,279,000 after acquiring an additional 148,494 shares during the period. Institutional investors own 95.58% of the company's stock.

MGIC Investment Price Performance

Shares of MGIC Investment stock traded up $0.53 on Friday, hitting $25.50. 1,266,654 shares of the company were exchanged, compared to its average volume of 1,773,745. MGIC Investment Co. has a 1-year low of $17.31 and a 1-year high of $26.52. 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 stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The company has a 50-day moving average price of $25.19 and a 200 day moving average price of $23.54.

MGIC Investment (NYSE:MTG - Get Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $306.03 million. During the same period in the prior year, the business earned $0.64 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that MGIC Investment Co. will post 2.81 earnings per share for the current fiscal year.

MGIC Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. MGIC Investment's dividend payout ratio (DPR) is 18.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MTG shares. BTIG Research lifted their target price on shares of MGIC Investment from $22.00 to $25.00 and gave the company a "buy" rating in a report on Monday, August 5th. Barclays raised their price target on shares of MGIC Investment from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Royal Bank of Canada reduced their target price on MGIC Investment from $28.00 to $27.00 and set a "sector perform" rating for the company in a report on Wednesday, November 6th. Finally, Roth Mkm raised their target price on MGIC Investment from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.50.

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.