MGIC Investment Co. (NYSE:MTG) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its position in MGIC Investment Co. (NYSE:MTG - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,186 shares of the insurance provider's stock after acquiring an additional 13,402 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.06% of MGIC Investment worth $3,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MTG. Franklin Resources Inc. lifted its stake in shares of MGIC Investment by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,621,838 shares of the insurance provider's stock valued at $41,836,000 after purchasing an additional 98,369 shares in the last quarter. Vestcor Inc raised its holdings in MGIC Investment by 559.3% in the third quarter. Vestcor Inc now owns 60,094 shares of the insurance provider's stock valued at $1,538,000 after buying an additional 50,979 shares during the period. Ritholtz Wealth Management lifted its position in MGIC Investment by 13.4% during the fourth quarter. Ritholtz Wealth Management now owns 91,690 shares of the insurance provider's stock valued at $2,174,000 after buying an additional 10,864 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in MGIC Investment by 33.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,398 shares of the insurance provider's stock worth $958,000 after buying an additional 10,130 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of MGIC Investment by 311.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 66,493 shares of the insurance provider's stock worth $1,575,000 after acquiring an additional 50,316 shares in the last quarter. Hedge funds and other institutional investors own 95.58% of the company's stock.

MGIC Investment Stock Down 2.8 %

Shares of MTG stock traded down $0.65 during trading hours on Monday, hitting $22.50. 2,635,485 shares of the company were exchanged, compared to its average volume of 1,787,921. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 0.48. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 7.76 and a beta of 0.93. MGIC Investment Co. has a one year low of $19.26 and a one year high of $26.56. The business's 50-day simple moving average is $24.27 and its two-hundred day simple moving average is $24.63.

MGIC Investment (NYSE:MTG - Get Free Report) last released its earnings results on Monday, February 3rd. The insurance provider reported $0.72 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%. Sell-side analysts predict that MGIC Investment Co. will post 2.71 EPS for the current fiscal year.

MGIC Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.52 annualized dividend and a yield of 2.31%. MGIC Investment's payout ratio is 17.93%.

Insider Buying and Selling at MGIC Investment

In other news, CAO Julie K. Sperber sold 4,600 shares of MGIC Investment stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 75,070 shares of the company's stock, valued at approximately $1,842,968.50. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTG has been the topic of several recent research reports. UBS Group lifted their target price on shares of MGIC Investment from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Compass Point reaffirmed a "neutral" rating and set a $27.00 price target (up from $24.00) on shares of MGIC Investment in a report on Wednesday, February 5th. Barclays upped their price objective on shares of MGIC Investment from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Bank of America downgraded MGIC Investment from a "buy" rating to an "underperform" rating and lowered their target price for the company from $26.00 to $25.00 in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods cut their price target on MGIC Investment from $29.00 to $28.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.75.

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.