43,769 Shares in MGIC Investment Co. (NYSE:MTG) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of MGIC Investment Co. (NYSE:MTG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 43,769 shares of the insurance provider's stock, valued at approximately $1,038,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. increased its stake 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 worth $39,000 after acquiring an additional 938 shares during the last quarter. Venturi Wealth Management LLC increased its position in MGIC Investment by 102.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,817 shares of the insurance provider's stock worth $43,000 after purchasing an additional 918 shares during the last quarter. V Square Quantitative Management LLC raised its stake in MGIC Investment by 61.9% during the fourth quarter. V Square Quantitative Management LLC now owns 2,077 shares of the insurance provider's stock valued at $49,000 after purchasing an additional 794 shares in the last quarter. Physician Wealth Advisors Inc. bought a new position in MGIC Investment during the fourth quarter valued at $54,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of MGIC Investment by 21.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,336 shares of the insurance provider's stock worth $55,000 after buying an additional 419 shares in the last quarter. Institutional investors own 95.58% of the company's stock.

MGIC Investment Trading Down 1.6 %

MTG stock traded down $0.39 during mid-day trading on Monday, reaching $23.65. The company had a trading volume of 156,340 shares, compared to its average volume of 1,797,683. The firm has a 50 day moving average of $23.90 and a 200 day moving average of $24.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.48 and a quick ratio of 1.25. MGIC Investment Co. has a 12 month low of $19.81 and a 12 month high of $26.56. The company has a market capitalization of $5.73 billion, a PE ratio of 8.15 and a beta of 0.93.

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

MGIC Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Tuesday, February 18th were issued a $0.13 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.20%. MGIC Investment's dividend payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MTG shares. Keefe, Bruyette & Woods dropped their price target on MGIC Investment from $28.00 to $26.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. UBS Group increased their price target on 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 objective (up from $24.00) on shares of MGIC Investment in a research note on Wednesday, February 5th. Finally, Barclays increased their target price on shares of MGIC Investment from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.50.

Insider Transactions at MGIC Investment

In other MGIC Investment news, CAO Julie K. Sperber sold 4,600 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $24.55, for a total transaction 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 represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.41% of the company's stock.

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.