Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Position in MGIC Investment Corporation $MTG

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of MGIC Investment Corporation (NYSE:MTG) by 23.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 578,926 shares of the insurance provider’s stock after buying an additional 108,399 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in MGIC Investment were worth $16,117,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MTG. EP Wealth Advisors LLC boosted its stake in shares of MGIC Investment by 0.9% during the 1st quarter. EP Wealth Advisors LLC now owns 45,481 shares of the insurance provider’s stock worth $1,127,000 after acquiring an additional 398 shares in the last quarter. Brooklyn Investment Group grew its stake in MGIC Investment by 15.5% in the 1st quarter. Brooklyn Investment Group now owns 3,094 shares of the insurance provider’s stock valued at $77,000 after acquiring an additional 416 shares during the period. PNC Financial Services Group Inc. increased its holdings in MGIC Investment by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,894 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 437 shares in the last quarter. US Bancorp DE raised its position in MGIC Investment by 5.3% during the first quarter. US Bancorp DE now owns 10,797 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 548 shares during the period. Finally, Impact Partnership Wealth LLC lifted its holdings in MGIC Investment by 6.5% during the second quarter. Impact Partnership Wealth LLC now owns 9,821 shares of the insurance provider’s stock valued at $273,000 after purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds own 95.58% of the company’s stock.

MGIC Investment Price Performance

Shares of NYSE MTG opened at $27.83 on Wednesday. The firm has a 50-day simple moving average of $27.73 and a 200-day simple moving average of $27.13. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. MGIC Investment Corporation has a 52 week low of $21.94 and a 52 week high of $29.01.

MGIC Investment (NYSE:MTG) last announced its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.11. MGIC Investment had a net margin of 61.96% and a return on equity of 14.63%. The company had revenue of $304.51 million during the quarter, compared to analysts’ expectations of $308.16 million. During the same quarter in the prior year, the company earned $0.77 EPS. MGIC Investment’s revenue was down .7% compared to the same quarter last year. On average, equities analysts predict that MGIC Investment Corporation will post 2.71 earnings per share for the current fiscal year.

MGIC Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 6th. MGIC Investment’s dividend payout ratio (DPR) is currently 19.29%.

Insider Buying and Selling

In other MGIC Investment news, CEO Timothy J. Mattke sold 139,203 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $27.09, for a total transaction of $3,771,009.27. Following the transaction, the chief executive officer owned 961,791 shares of the company’s stock, valued at approximately $26,054,918.19. The trade was a 12.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $28.15, for a total value of $844,500.00. Following the completion of the sale, the chief operating officer owned 189,401 shares of the company’s stock, valued at approximately $5,331,638.15. The trade was a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 219,203 shares of company stock worth $5,989,909. 1.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MTG shares. Weiss Ratings reissued a “buy (a-)” rating on shares of MGIC Investment in a research note on Wednesday, October 8th. Barclays lifted their price objective on MGIC Investment from $27.00 to $28.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.80.

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.