MGIC Investment Corporation $MTG Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. trimmed its stake in MGIC Investment (NYSE:MTG) by 4.2% in Q4, selling 55,793 shares and leaving 1,278,759 shares (about 0.57% of the company) valued at roughly $37.37 million.
• Insider selling: CEO Timothy J. Mattke sold 139,202 shares under a Rule 10b5‑1 plan (≈$3.69M) and COO Salvatore A. Miosi sold 30,000 shares, with insiders offloading 200,133 shares (~$5.34M) in the past 90 days.
• Analyst/market view: The stock carries a consensus "Hold" rating with an average target of $28.50, while MTG trades near $27.47, has a PE of 8.75 and a quarterly dividend of $0.15 (2.2% yield).

Robeco Institutional Asset Management B.V. lowered its stake in MGIC Investment Corporation (NYSE:MTG - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,278,759 shares of the insurance provider's stock after selling 55,793 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.57% of MGIC Investment worth $37,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MTG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in MGIC Investment in the 1st quarter worth about $2,397,000. Goldman Sachs Group Inc. increased its stake in MGIC Investment by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,103,366 shares of the insurance provider's stock worth $76,901,000 after purchasing an additional 195,895 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in MGIC Investment by 88.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider's stock worth $43,000 after purchasing an additional 817 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in MGIC Investment in the 2nd quarter worth about $425,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in MGIC Investment by 18.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,211 shares of the insurance provider's stock worth $145,000 after purchasing an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 95.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings cut MGIC Investment from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods lifted their price target on MGIC Investment from $28.00 to $29.00 and gave the stock a "market perform" rating in a research note on Friday. Barclays lifted their price target on MGIC Investment from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday, April 6th. Finally, UBS Group dropped their price target on MGIC Investment from $29.50 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $28.50.

MGIC Investment Trading Up 1.0%

NYSE:MTG opened at $27.47 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.52 and a quick ratio of 1.52. MGIC Investment Corporation has a fifty-two week low of $23.24 and a fifty-two week high of $29.97. The stock's 50-day moving average is $26.53 and its two-hundred day moving average is $27.44. The stock has a market cap of $5.90 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 2.16 and a beta of 0.79.

MGIC Investment (NYSE:MTG - Get Free Report) last released its earnings results on Monday, February 2nd. The insurance provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. MGIC Investment had a return on equity of 14.33% and a net margin of 60.84%.During the same quarter in the previous year, the firm posted $0.72 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts forecast that MGIC Investment Corporation will post 2.71 earnings per share for the current fiscal year.

MGIC Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, February 17th. MGIC Investment's payout ratio is 19.11%.

Insider Buying and Selling at MGIC Investment

In other news, CEO Timothy J. Mattke sold 139,202 shares of MGIC Investment stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total transaction of $3,687,460.98. Following the completion of the sale, the chief executive officer directly owned 1,118,005 shares in the company, valued at $29,615,952.45. The trade was a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 30,000 shares of MGIC Investment stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $27.27, for a total value of $818,100.00. Following the sale, the chief operating officer owned 454,245 shares of the company's stock, valued at approximately $12,387,261.15. This represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 200,133 shares of company stock valued at $5,342,700 in the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

MGIC Investment Company Profile

MGIC Investment Corporation NYSE: MTG is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation's first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company's primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.

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