Lindenwold Advisors INC Has $379,000 Stock Holdings in MGIC Investment Co. (NYSE:MTG)

Lindenwold Advisors INC decreased its stake in MGIC Investment Co. (NYSE:MTG) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,000 shares of the insurance provider’s stock after selling 611 shares during the quarter. Lindenwold Advisors INC’s holdings in MGIC Investment were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UMB Bank n.a. boosted its holdings in shares of MGIC Investment by 131.9% in the fourth quarter. UMB Bank n.a. now owns 1,649 shares of the insurance provider’s stock worth $39,000 after buying an additional 938 shares during the period. Venturi Wealth Management LLC lifted its position in shares of MGIC Investment by 102.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,817 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 918 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in MGIC Investment by 61.9% in the 4th quarter. V Square Quantitative Management LLC now owns 2,077 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 794 shares during the period. EverSource Wealth Advisors LLC boosted its stake in MGIC Investment by 21.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,336 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 419 shares during the period. Finally, Brooklyn Investment Group purchased a new position in MGIC Investment during the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 95.58% of the company’s stock.

Insider Activity at MGIC Investment

In other news, CAO Julie K. Sperber sold 4,600 shares of the business’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 owns 75,070 shares in the company, valued at approximately $1,842,968.50. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTG shares. Barclays increased their target price on MGIC Investment from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their price objective on 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. Bank of America cut MGIC Investment from a “buy” rating to an “underperform” rating and lowered their target price for the company from $26.00 to $25.00 in a research note on Monday, December 9th. Compass Point reissued a “neutral” rating and issued a $27.00 price target (up from $24.00) on shares of MGIC Investment in a research report on Wednesday, February 5th. Finally, UBS Group boosted their price objective on shares of MGIC Investment from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, MGIC Investment presently has an average rating of “Hold” and a consensus price target of $26.75.

MGIC Investment Stock Performance

MTG stock opened at $23.18 on Wednesday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 7.99 and a beta of 1.28. MGIC Investment Co. has a 12 month low of $19.26 and a 12 month high of $26.56. The firm has a 50 day moving average of $24.28 and a two-hundred day moving average of $24.72. The company has a quick ratio of 1.25, a current ratio of 0.48 and a debt-to-equity ratio of 0.12.

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

MGIC Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Tuesday, February 18th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 18th. MGIC Investment’s payout ratio is currently 17.93%.

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.