Lingohr & Partner Asset Management GmbH continued to hold its stake in shares of MGIC Investment Corporation (NYSE:MTG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,821 shares of the insurance provider’s stock at the close of the 2nd quarter. Lingohr & Partner Asset Management GmbH’s holdings in MGIC Investment Corporation were worth $363,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. James Investment Research Inc. grew its stake in MGIC Investment Corporation by 304.4% during the second quarter. James Investment Research Inc. now owns 164,289 shares of the insurance provider’s stock worth $1,840,000 after buying an additional 123,667 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors grew its stake in MGIC Investment Corporation by 3.4% during the second quarter. Evanston Investments Inc. dba Evanston Advisors now owns 285,807 shares of the insurance provider’s stock worth $3,201,000 after buying an additional 9,521 shares during the last quarter. BlackRock Inc. grew its stake in MGIC Investment Corporation by 26,215.6% during the first quarter. BlackRock Inc. now owns 24,922,469 shares of the insurance provider’s stock worth $252,464,000 after buying an additional 24,827,763 shares during the last quarter. Rhumbline Advisers grew its stake in MGIC Investment Corporation by 6.6% during the second quarter. Rhumbline Advisers now owns 496,083 shares of the insurance provider’s stock worth $5,556,000 after buying an additional 30,678 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in MGIC Investment Corporation during the first quarter worth about $2,200,000. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

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MGIC Investment Corporation (NYSE:MTG) traded up 0.86% during mid-day trading on Friday, hitting $11.70. 5,019,525 shares of the stock traded hands. MGIC Investment Corporation has a one year low of $7.78 and a one year high of $12.25. The stock has a market capitalization of $4.34 billion, a PE ratio of 12.05 and a beta of 2.23. The company has a 50 day moving average price of $11.49 and a 200-day moving average price of $10.99.

MGIC Investment Corporation (NYSE:MTG) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.06. The company had revenue of $263.31 million for the quarter, compared to analyst estimates of $263.43 million. MGIC Investment Corporation had a net margin of 34.99% and a return on equity of 16.56%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Equities analysts anticipate that MGIC Investment Corporation will post $1.14 earnings per share for the current fiscal year.

MTG has been the topic of several research analyst reports. BidaskClub cut shares of MGIC Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Deutsche Bank AG upped their price objective on shares of MGIC Investment Corporation from $13.00 to $13.50 and gave the stock a “buy” rating in a research note on Friday, July 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $13.00 price objective on shares of MGIC Investment Corporation in a research note on Thursday, August 31st. Zacks Investment Research raised shares of MGIC Investment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, August 22nd. Finally, ValuEngine raised shares of MGIC Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.25.

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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