Advisory Research Inc. Buys 124,727 Shares of MGIC Investment Co. (NYSE:MTG)

Advisory Research Inc. boosted its position in MGIC Investment Co. (NYSE:MTG - Free Report) by 25.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605,467 shares of the insurance provider's stock after buying an additional 124,727 shares during the period. MGIC Investment makes up approximately 2.4% of Advisory Research Inc.'s portfolio, making the stock its 11th biggest position. Advisory Research Inc. owned approximately 0.24% of MGIC Investment worth $14,356,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in MGIC Investment by 75.1% during the 3rd quarter. Barclays PLC now owns 457,706 shares of the insurance provider's stock valued at $11,716,000 after acquiring an additional 196,252 shares in the last quarter. World Investment Advisors LLC purchased a new stake in MGIC Investment in the third quarter worth $619,000. Franklin Resources Inc. raised its stake in shares of MGIC Investment by 6.5% in the third quarter. Franklin Resources Inc. now owns 1,621,838 shares of the insurance provider's stock valued at $41,836,000 after buying an additional 98,369 shares during the period. DGS Capital Management LLC lifted its stake in shares of MGIC Investment by 6.2% during the 3rd quarter. DGS Capital Management LLC now owns 85,797 shares of the insurance provider's stock valued at $2,196,000 after buying an additional 4,974 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of MGIC Investment by 4.5% in the fourth quarter. Nordea Investment Management AB now owns 424,767 shares of the insurance provider's stock valued at $10,114,000 after purchasing an additional 18,399 shares in the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.

MGIC Investment Stock Up 2.8 %

Shares of MTG stock traded up $0.66 during mid-day trading on Tuesday, hitting $24.06. The company's stock had a trading volume of 458,150 shares, compared to its average volume of 1,798,695. MGIC Investment Co. has a 52-week low of $19.81 and a 52-week high of $26.56. The business has a 50-day moving average price of $23.89 and a 200 day moving average price of $24.48. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 8.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 0.48.

MGIC Investment (NYSE:MTG - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The insurance provider reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.07. MGIC Investment had a net margin of 63.18% and a return on equity of 14.86%. Research analysts predict that MGIC Investment Co. will post 2.71 EPS for the current fiscal year.

MGIC Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Tuesday, February 18th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.52 annualized dividend and a yield of 2.16%. MGIC Investment's payout ratio is presently 17.93%.

Analysts Set New Price Targets

MTG has been the topic of a number of research analyst reports. UBS Group upped their target price on MGIC Investment from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price target on shares of MGIC Investment from $28.00 to $26.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Barclays boosted their price target on shares of MGIC Investment from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Compass Point restated a "neutral" rating and issued a $27.00 target price (up previously from $24.00) on shares of MGIC Investment in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.50.

Insider Activity

In related news, CAO Julie K. Sperber sold 4,600 shares of MGIC Investment stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $24.55, for a total transaction of $112,930.00. Following the sale, the chief accounting officer now owns 75,070 shares of the company's stock, valued at approximately $1,842,968.50. This trade represents a 5.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.05% of the company's stock.

MGIC Investment 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.