Signaturefd LLC Raises Holdings in MGIC Investment Co. (NYSE:MTG)

Signaturefd LLC lifted its holdings in shares of MGIC Investment Co. (NYSE:MTG) by 4.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,162 shares of the insurance provider’s stock after acquiring an additional 862 shares during the period. Signaturefd LLC’s holdings in MGIC Investment were worth $428,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MTG. Blue Trust Inc. grew its stake in shares of MGIC Investment by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,576 shares of the insurance provider’s stock worth $50,000 after acquiring an additional 849 shares during the last quarter. Planned Solutions Inc. purchased a new stake in shares of MGIC Investment during the fourth quarter worth about $66,000. USA Financial Formulas purchased a new stake in MGIC Investment in the third quarter valued at approximately $100,000. Janiczek Wealth Management LLC boosted its position in MGIC Investment by 29.5% in the fourth quarter. Janiczek Wealth Management LLC now owns 5,572 shares of the insurance provider’s stock valued at $107,000 after buying an additional 1,269 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new stake in MGIC Investment in the third quarter valued at approximately $121,000. Hedge funds and other institutional investors own 95.58% of the company’s stock.

MGIC Investment Trading Up 0.2 %

Shares of NYSE:MTG opened at $20.35 on Thursday. MGIC Investment Co. has a 12-month low of $13.97 and a 12-month high of $22.43. The company has a market capitalization of $5.49 billion, a PE ratio of 8.17, a PEG ratio of 1.67 and a beta of 1.24. The business has a 50 day moving average of $20.41 and a two-hundred day moving average of $19.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.13.

MGIC Investment (NYSE:MTG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. MGIC Investment had a return on equity of 14.82% and a net margin of 61.72%. The company had revenue of $284.72 million during the quarter, compared to the consensus estimate of $302.96 million. As a group, analysts forecast that MGIC Investment Co. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MTG shares. Roth Mkm upped their target price on MGIC Investment from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada upped their target price on MGIC Investment from $18.00 to $21.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $24.00 target price (up previously from $23.50) on shares of MGIC Investment in a research report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, MGIC Investment currently has an average rating of “Hold” and a consensus price target of $21.08.

MGIC Investment Company 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.