Natixis Advisors LLC Has $3.90 Million Stock Holdings in MGIC Investment Co. (NYSE:MTG)

Natixis Advisors LLC raised its position in MGIC Investment Co. (NYSE:MTG) by 38.2% during the third quarter, Holdings Channel reports. The institutional investor owned 152,404 shares of the insurance provider’s stock after buying an additional 42,088 shares during the quarter. Natixis Advisors LLC’s holdings in MGIC Investment were worth $3,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of MGIC Investment by 482.7% during the second quarter. Versant Capital Management Inc now owns 1,142 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 946 shares during the period. Hara Capital LLC bought a new stake in MGIC Investment during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC bought a new stake in MGIC Investment during the 3rd quarter worth about $33,000. GAMMA Investing LLC lifted its position in MGIC Investment by 76.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,071 shares of the insurance provider’s stock valued at $66,000 after purchasing an additional 1,328 shares during the period. Finally, Covestor Ltd boosted its stake in shares of MGIC Investment by 65.5% in the 3rd quarter. Covestor Ltd now owns 3,387 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,341 shares during the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.

MGIC Investment Stock Up 2.1 %

Shares of NYSE:MTG opened at $25.50 on Friday. The company has a 50 day moving average price of $25.19 and a two-hundred day moving average price of $23.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $6.46 billion, a PE ratio of 8.98, a PEG ratio of 1.81 and a beta of 1.28. MGIC Investment Co. has a 52 week low of $17.31 and a 52 week high of $26.52.

MGIC Investment (NYSE:MTG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. The business had revenue of $306.65 million during the quarter, compared to analysts’ expectations of $306.03 million. MGIC Investment had a net margin of 64.09% and a return on equity of 14.99%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Analysts forecast that MGIC Investment Co. will post 2.81 earnings per share for the current year.

MGIC Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, November 7th. MGIC Investment’s dividend payout ratio is currently 18.31%.

Wall Street Analysts Forecast Growth

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

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.