174,571 Shares in MGIC Investment Co. (NYSE:MTG) Acquired by Yousif Capital Management LLC
Yousif Capital Administration LLC obtained a new situation in shares of MGIC Expenditure Co. (NYSE:MTG – Get Score) in the fourth quarter, according to the enterprise in its most new disclosure with the SEC. The organization acquired 174,571 shares of the insurance coverage provider’s stock, valued at around $2,517,000.
Other large traders also not long ago purchased and marketed shares of the business. Point out of New Jersey Popular Pension Fund D lifted its holdings in MGIC Financial investment by 4.5% all through the 4th quarter. Condition of New Jersey Common Pension Fund D now owns 187,492 shares of the coverage provider’s stock really worth $2,704,000 following shopping for an more 8,021 shares in the very last quarter. Meritage Portfolio Administration lifted its holdings in MGIC Expense by 5.4% for the duration of the 4th quarter. Meritage Portfolio Management now owns 16,963 shares of the insurance policy provider’s stock truly worth $245,000 immediately after buying an further 864 shares in the very last quarter. Allspring International Investments Holdings LLC acquired a new stake in MGIC Financial investment throughout the 4th quarter well worth somewhere around $277,000. James Investment decision Analysis Inc. lifted its holdings in MGIC Investment decision by 9.6% throughout the 4th quarter. James Investment Investigation Inc. now owns 73,832 shares of the coverage provider’s inventory really worth $1,065,000 soon after purchasing an supplemental 6,459 shares in the past quarter. Ultimately, Brown Advisory Inc. lifted its holdings in MGIC Investment decision by 3.5% during the 4th quarter. Brown Advisory Inc. now owns 3,309,248 shares of the insurance provider’s inventory really worth $47,720,000 immediately after shopping for an additional 111,419 shares in the last quarter. 89.76% of the inventory is owned by hedge cash and other institutional traders.
Shares of MGIC Financial investment stock opened at $13.03 on Monday. MGIC Financial commitment Co. has a 1 calendar year small of $12.85 and a 1 yr significant of $16.84. The enterprise has a credit card debt-to-fairness ratio of .24, a fast ratio of .46 and a present ratio of .46. The corporation has a marketplace capitalization of $4.11 billion, a P/E ratio of 7.04, a PEG ratio of 1.25 and a beta of 1.58. The company’s fifty day going typical is $14.57 and its two-hundred working day transferring common is $15.00.
MGIC Expenditure (NYSE:MTG – Get Score) very last issued its earnings success on Wednesday, February 2nd. The insurance policies supplier claimed $.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $.45 by $.16. The enterprise experienced income of $294.12 million for the quarter, as opposed to the consensus estimate of $290.90 million. MGIC Financial commitment had a net margin of 53.56% and a return on equity of 13.59%. The business’s quarterly profits was down 2.7% in contrast to the exact same quarter previous year. In the course of the very same quarter in the preceding 12 months, the firm acquired $.43 earnings per share. As a team, equities analysts count on that MGIC Investment Co. will write-up 2.09 earnings for each share for the latest calendar year.
The company also a short while ago disclosed a quarterly dividend, which was paid on Wednesday, March 2nd. Buyers of record on Wednesday, February 16th have been paid a $.08 dividend. This signifies a $.32 annualized dividend and a dividend produce of 2.46%. The ex-dividend day of this dividend was Tuesday, February 15th. MGIC Investment’s dividend payout ratio (DPR) is 17.30%.
A range of brokerages have just lately weighed in on MTG. StockNews.com started protection on shares of MGIC Financial commitment in a report on Thursday, March 31st. They issued a “hold” rating on the inventory. Barclays lifted their value objective on shares of MGIC Financial investment from $19.00 to $23.00 and gave the company an “overweight” score in a report on Monday, January 10th. Ultimately, Zacks Expenditure Analysis upgraded shares of MGIC Financial commitment from a “hold” rating to a “strong-buy” ranking and established a $19.00 value objective on the stock in a report on Tuesday, January 11th. Four investigate analysts have rated the inventory with a keep score, 3 have given a invest in ranking and just one has assigned a solid get score to the company’s inventory. In accordance to MarketBeat, MGIC Financial commitment at this time has an average rating of “Buy” and a consensus focus on cost of $18.07.
MGIC Financial commitment Corporation Profile (Get Score)
MGIC Investment Corp. is a non-public house loan insurance provider that serves creditors during the United States, and Puerto Rico. It also provides lenders with underwriting and other products and services and items linked to property property finance loan lending by means of its subsidiaries, such as Mortgage Warranty Insurance coverage Corp. and MGIC Indemnity Corp.
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