MGIC Investment Co. (NYSE:MTG) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. reduced its position in MGIC Investment Co. (NYSE:MTG) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 94,875 shares of the insurance provider’s stock after selling 3,433 shares during the quarter. Cozad Asset Management Inc.’s holdings in MGIC Investment were worth $1,830,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Avantax Planning Partners Inc. raised its holdings in MGIC Investment by 6.8% in the third quarter. Avantax Planning Partners Inc. now owns 11,543 shares of the insurance provider’s stock valued at $193,000 after buying an additional 734 shares during the period. Asset Management One Co. Ltd. increased its position in shares of MGIC Investment by 2.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 39,747 shares of the insurance provider’s stock worth $774,000 after acquiring an additional 812 shares in the last quarter. Blue Trust Inc. raised its stake in shares of MGIC Investment by 49.2% in the 4th quarter. Blue Trust Inc. now owns 2,576 shares of the insurance provider’s stock valued at $50,000 after acquiring an additional 849 shares during the period. Signaturefd LLC lifted its holdings in shares of MGIC Investment by 4.0% during the 4th quarter. Signaturefd LLC now owns 22,162 shares of the insurance provider’s stock valued at $428,000 after acquiring an additional 862 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its position in MGIC Investment by 29.5% during the 4th quarter. Janiczek Wealth Management LLC now owns 5,572 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 1,269 shares during the period. Hedge funds and other institutional investors own 95.58% of the company’s stock.

Analyst Ratings Changes

MTG has been the topic of several research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $24.00 price objective (up from $23.50) on shares of MGIC Investment in a research report on Thursday, April 4th. Royal Bank of Canada boosted their price target on MGIC Investment from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Finally, Roth Mkm increased their price objective on shares of MGIC Investment from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.08.

MGIC Investment Trading Down 1.4 %

NYSE:MTG opened at $20.27 on Wednesday. MGIC Investment Co. has a one year low of $13.97 and a one year high of $22.43. The business’s 50-day simple moving average is $20.50 and its 200 day simple moving average is $19.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24.

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

MGIC Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, May 8th. MGIC Investment’s dividend payout ratio is currently 18.47%.

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.