Zeke Capital Advisors LLC acquired a new stake in shares of MGIC Investment Corporation (NYSE:MTG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,958 shares of the insurance provider’s stock, valued at approximately $150,000.

Other institutional investors also recently bought and sold shares of the company. Evanston Investments Inc. dba Evanston Advisors raised its position in shares of MGIC Investment by 3.4% during the 2nd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 285,807 shares of the insurance provider’s stock valued at $3,201,000 after buying an additional 9,521 shares in the last quarter. Prudential Financial Inc. raised its position in shares of MGIC Investment by 40.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,426,760 shares of the insurance provider’s stock valued at $27,180,000 after buying an additional 704,210 shares in the last quarter. First Midwest Bank Trust Division raised its position in shares of MGIC Investment by 60.7% during the 3rd quarter. First Midwest Bank Trust Division now owns 87,474 shares of the insurance provider’s stock valued at $1,096,000 after buying an additional 33,026 shares in the last quarter. CI Investments Inc. raised its position in shares of MGIC Investment by 375.2% during the 2nd quarter. CI Investments Inc. now owns 109,300 shares of the insurance provider’s stock valued at $1,224,000 after buying an additional 86,300 shares in the last quarter. Finally, Capital Fund Management S.A. raised its position in shares of MGIC Investment by 42.2% during the 2nd quarter. Capital Fund Management S.A. now owns 715,143 shares of the insurance provider’s stock valued at $8,010,000 after buying an additional 212,108 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Several analysts have recently weighed in on MTG shares. BidaskClub upgraded shares of MGIC Investment from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of MGIC Investment from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Tuesday, August 22nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $13.00 price objective on shares of MGIC Investment in a research report on Thursday, August 31st. Compass Point reaffirmed a “buy” rating and set a $15.25 target price (up previously from $13.00) on shares of MGIC Investment in a report on Wednesday, October 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $14.00 target price on shares of MGIC Investment in a report on Saturday, October 14th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $14.34.

MGIC Investment Corporation (MTG) traded up $0.37 during mid-day trading on Tuesday, hitting $15.35. 3,924,200 shares of the company traded hands, compared to its average volume of 3,371,680. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. MGIC Investment Corporation has a 52 week low of $9.25 and a 52 week high of $15.40. The company has a market cap of $5,551.09, a price-to-earnings ratio of 12.28, a P/E/G ratio of 1.46 and a beta of 2.26.

MGIC Investment (NYSE:MTG) last released its earnings results on Wednesday, October 18th. The insurance provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The company had revenue of $270.30 million for the quarter, compared to analyst estimates of $267.85 million. MGIC Investment had a net margin of 41.08% and a return on equity of 16.41%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. equities analysts predict that MGIC Investment Corporation will post 1.21 earnings per share for the current fiscal year.

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MGIC Investment Profile

MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low down payment residential mortgage loans.

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

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