Graybill Bartz & Assoc Ltd. increased its position in shares of MGIC Investment Corporation (NYSE:MTG) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 396,770 shares of the insurance provider’s stock after buying an additional 6,473 shares during the period. MGIC Investment Corporation accounts for approximately 3.5% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 2nd largest position. Graybill Bartz & Assoc Ltd. owned 0.11% of MGIC Investment Corporation worth $4,444,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MTG. Fox Run Management L.L.C. acquired a new position in shares of MGIC Investment Corporation during the second quarter worth approximately $116,000. Appleton Group LLC acquired a new position in shares of MGIC Investment Corporation during the second quarter worth approximately $119,000. Advisors Asset Management Inc. acquired a new position in shares of MGIC Investment Corporation during the second quarter worth approximately $121,000. World Asset Management Inc boosted its position in shares of MGIC Investment Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 12,157 shares of the insurance provider’s stock worth $123,000 after buying an additional 81 shares during the last quarter. Finally, Princeton Alpha Management LP acquired a new position in shares of MGIC Investment Corporation during the first quarter worth approximately $127,000. 87.91% of the stock is currently owned by institutional investors and hedge funds.

MGIC Investment Corporation (NYSE MTG) opened at 11.32 on Monday. The stock has a 50 day moving average of $11.61 and a 200 day moving average of $10.92. MGIC Investment Corporation has a one year low of $7.75 and a one year high of $12.25. The company has a market cap of $4.19 billion, a PE ratio of 11.66 and a beta of 2.08.

MGIC Investment Corporation (NYSE:MTG) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.06. MGIC Investment Corporation had a return on equity of 16.56% and a net margin of 34.99%. The company had revenue of $263.31 million for the quarter, compared to analyst estimates of $263.43 million. During the same quarter in the prior year, the firm posted $0.26 EPS. MGIC Investment Corporation’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts anticipate that MGIC Investment Corporation will post $1.13 earnings per share for the current fiscal year.

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A number of brokerages have commented on MTG. BTIG Research reiterated a “buy” rating and set a $14.00 price target (up from $12.00) on shares of MGIC Investment Corporation in a research report on Saturday, July 22nd. ValuEngine upgraded shares of MGIC Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. MKM Partners reiterated a “buy” rating and set a $13.00 price target (up from $10.00) on shares of MGIC Investment Corporation in a research report on Tuesday, April 25th. BidaskClub upgraded shares of MGIC Investment Corporation from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Deutsche Bank AG increased their price target on shares of MGIC Investment Corporation from $13.00 to $13.50 and gave the company a “buy” rating in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $11.80.

About MGIC Investment Corporation

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.

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

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