MGIC Funding Co. (NYSE:MTG) Inventory Bought by Larson Monetary Group LLC

Larson Monetary Group LLC elevated its place in MGIC Funding Co. (NYSE:MTG – Get Ranking) by 4,866.4% through the third quarter, in response to its most up-to-date submitting with the Securities and Trade Fee. The agency held 96,298 shares within the insurance coverage supplier after shopping for an extra 94,359 shares through the quarter. Larson Monetary Group LLC’s holdings in MGIC Funding had been value $1,235,000 as of its most up-to-date submitting with the Securities and Trade Fee.

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Different hedge funds have additionally just lately added or decreased their holdings within the firm. Lazard Asset Administration LLC bought a brand new share of MGIC Funding inventory through the first quarter valued at roughly $26,000. Wipfli Monetary Advisors LLC acquired a brand new place in MGIC Funding through the third quarter with an approximate worth of $62,000. M&T Financial institution Corp bought a brand new place in MGIC Funding through the second quarter value roughly $76,000. Janiczek Wealth Administration LLC elevated its holdings in MGIC Funding shares by 71.5% through the third quarter. Janiczek Wealth Administration LLC now owns 8,374 shares of the insurance coverage supplier valued at $105,000 after buying an extra 3,491 shares within the final quarter. Lastly, Counterpoint Mutual Funds LLC bought a brand new place in MGIC Funding shares through the second quarter valued at $112,000. 96.95% of the shares are owned by hedge funds and different institutional traders.

MGIC Funding Value Efficiency

MGIC Funding shares opened at $13.62 on Friday. The corporate has a 50-day easy transferring common of $13.16 and a two-hundred-day easy transferring common of $13.53. The inventory has a market capitalization of $4.05 billion, a price-earnings ratio of 5.10, a price-earnings-growth ratio of 1.16, and a beta of 1.36. The corporate has a fast ratio of 0.50, a present ratio of 0.50, and a debt-to-equity ratio of 0.15. MGIC Funding Co. has a twelve month minimal of $11.38 and a twelve month most of $16.41.

MGIC Funding (NYSE:MTG – Get Ranking) final introduced its quarterly earnings outcomes on Wednesday, November 2. The insurance coverage supplier reported earnings per share (EPS) of $0.86 for the quarter, beating the consensus estimate of $0.55 by $0.31. MGIC Funding achieved a web margin of 72.18% and a return on fairness of 19.66%. The corporate had income of $296.06 million within the quarter, in contrast with analyst estimates of $322.19 million. Analysts anticipate MGIC Funding Co. to put up 2.86 EPS for the present 12 months.

MGIC Funding Proclaims Dividends

The corporate additionally just lately revealed a quarterly dividend, which was paid on Wednesday, November 23. Shareholders of report on Thursday, November 10 had been paid a dividend of $0.10. This represents a dividend of $0.40 on an annualized foundation and a dividend yield of two.94%. The ex-dividend date for this dividend was Wednesday, November 9. MGIC Funding’s dividend payout ratio is at the moment 14.98%.

Analysts set new worth targets

A number of inventory analysis analysts just lately issued reviews on MTG inventory. Credit score Suisse Group lowered the worth goal on MGIC Funding shares to $15.00 in a report on Thursday, October 13. Barclays reduce shares of MGIC Funding from an “chubby” ranking to an “equal weight” ranking and lowered its worth goal on the shares from $16.00 to $14.00 in a analysis word on Friday, January 6. StockNews.com assumed protection of MGIC Funding shares in a analysis word on Wednesday, October 12. They set a “purchase” ranking on the inventory. Lastly, Compass Level downgraded shares of MGIC Funding from a “purchase” ranking to a “impartial” ranking and reduce its worth goal for the corporate from $19.00 to $14.50 in a Tuesday, November 8, report. Two fairness analysis analysts gave the shares a maintain ranking and three assigned a purchase ranking to the corporate’s shares. Based on MarketBeat, the corporate has a mean “Reasonable Purchase” ranking and a consensus worth goal of $15.75.

About MGIC Investments

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MGIC Funding Company, by way of its subsidiaries, gives non-public mortgage insurance coverage, different mortgage credit score danger administration options, and ancillary companies to lenders and government-sponsored entities in america, Puerto Rico, and Guam. The corporate gives main mortgage insurance coverage that gives mortgage default safety on particular person loans, in addition to covers unpaid mortgage principal, delinquent curiosity, and varied bills related to default and subsequent foreclosures.

Different studying

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

This on the spot information alert was generated by MarketBeat’s monetary information and storytelling science expertise to offer readers with the quickest and most correct reviews. This story was reviewed by the MarketBeat editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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