Chicago Equity Partners LLC decreased its holdings in shares of MGIC Investment Corp. (NYSE:MTG) by 94.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,605 shares of the insurance provider’s stock after selling 809,370 shares during the quarter. Chicago Equity Partners LLC’s holdings in MGIC Investment were worth $489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of MGIC Investment by 3.4% during the second quarter. Commonwealth Equity Services LLC now owns 123,464 shares of the insurance provider’s stock worth $1,324,000 after purchasing an additional 4,071 shares in the last quarter. First Midwest Bank Trust Division grew its holdings in shares of MGIC Investment by 13.4% during the second quarter. First Midwest Bank Trust Division now owns 44,788 shares of the insurance provider’s stock worth $480,000 after purchasing an additional 5,282 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of MGIC Investment by 65.1% during the first quarter. Campbell & CO Investment Adviser LLC now owns 16,735 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 6,600 shares in the last quarter. American Century Companies Inc. lifted its position in MGIC Investment by 2.2% in the 1st quarter. American Century Companies Inc. now owns 307,219 shares of the insurance provider’s stock worth $3,994,000 after buying an additional 6,745 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in MGIC Investment by 14.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 56,782 shares of the insurance provider’s stock worth $609,000 after buying an additional 7,200 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

NYSE:MTG opened at $12.98 on Friday. The company has a market capitalization of $4.73 billion, a P/E ratio of 9.54, a PEG ratio of 1.65 and a beta of 1.86. MGIC Investment Corp. has a 1-year low of $9.97 and a 1-year high of $16.21. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.25.

MGIC Investment (NYSE:MTG) last announced its quarterly earnings data on Wednesday, July 18th. The insurance provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.13. MGIC Investment had a return on equity of 19.18% and a net margin of 43.85%. The firm had revenue of $282.00 million during the quarter, compared to the consensus estimate of $269.97 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. equities analysts forecast that MGIC Investment Corp. will post 1.58 EPS for the current fiscal year.

MTG has been the subject of a number of recent research reports. Zacks Investment Research upgraded MGIC Investment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 12th. ValuEngine upgraded MGIC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Bank of America boosted their target price on MGIC Investment from $13.00 to $23.00 and gave the stock an “underperform” rating in a research report on Monday, August 13th. Finally, B. Riley boosted their target price on MGIC Investment from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. MGIC Investment presently has an average rating of “Buy” and an average target price of $16.33.

MGIC Investment Profile

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. 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.

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Institutional Ownership by Quarter for MGIC Investment (NYSE:MTG)

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