WINTON GROUP Ltd Has $579,000 Stock Holdings in MGIC Investment Co. (NYSE:MTG)

WINTON GROUP Ltd trimmed its position in shares of MGIC Investment Co. (NYSE:MTG) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,440 shares of the insurance provider’s stock after selling 5,780 shares during the period. WINTON GROUP Ltd’s holdings in MGIC Investment were worth $579,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of MGIC Investment in the fourth quarter valued at $1,982,000. AXQ Capital LP acquired a new position in shares of MGIC Investment in the 4th quarter valued at $242,000. Teacher Retirement System of Texas lifted its holdings in shares of MGIC Investment by 2.7% during the 4th quarter. Teacher Retirement System of Texas now owns 373,411 shares of the insurance provider’s stock worth $8,854,000 after acquiring an additional 9,939 shares during the period. Xponance Inc. boosted its position in shares of MGIC Investment by 1.3% during the 4th quarter. Xponance Inc. now owns 35,320 shares of the insurance provider’s stock valued at $837,000 after acquiring an additional 442 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in MGIC Investment by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,364,725 shares of the insurance provider’s stock valued at $32,358,000 after acquiring an additional 32,980 shares during the period. Institutional investors and hedge funds own 95.58% of the company’s stock.

MGIC Investment Trading Down 1.7 %

MTG opened at $24.41 on Friday. MGIC Investment Co. has a 1-year low of $19.26 and a 1-year high of $26.56. The stock has a market capitalization of $5.92 billion, a PE ratio of 8.42 and a beta of 1.28. The company has a current ratio of 0.48, a quick ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $24.67.

MGIC Investment (NYSE:MTG) last issued its quarterly earnings results on Monday, February 3rd. The insurance provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. MGIC Investment had a net margin of 63.18% and a return on equity of 14.86%. As a group, equities analysts anticipate that MGIC Investment Co. will post 2.71 earnings per share for the current fiscal year.

MGIC Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Tuesday, February 18th. MGIC Investment’s dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on MGIC Investment from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Compass Point reaffirmed a “neutral” rating and issued a $27.00 price target (up previously from $24.00) on shares of MGIC Investment in a research note on Wednesday, February 5th. UBS Group increased their price objective on MGIC Investment from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Bank of America downgraded shares of MGIC Investment from a “buy” rating to an “underperform” rating and reduced their target price for the company from $26.00 to $25.00 in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of MGIC Investment from $29.00 to $28.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.75.

Insider Activity at MGIC Investment

In other MGIC Investment news, CAO Julie K. Sperber sold 4,600 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $24.55, for a total transaction of $112,930.00. Following the transaction, the chief accounting officer now directly owns 75,070 shares in the company, valued at approximately $1,842,968.50. This represents a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.05% of the stock is owned by company insiders.

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.