Chickasaw Capital Management LLC Maintains Position in MGIC Investment Corporation (NYSE:MTG)

Xavier Trudeau
Août 13, 2017

State Street Corp now owns 12,822,808 shares of the insurance provider's stock valued at $129,896,000 after buying an additional 836,939 shares during the last quarter.

More recent MGIC Investment Corp. Accern also assigned news stories about the insurance provider an impact score of 53 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the immediate future. 1492 Capital Management Llc sold 38,988 shares as the company's stock declined 8.15% while stock markets rallied. BlackRock Inc. raised its position in shares of MGIC Investment Corporation by 26,215.6% in the first quarter. Federated Investors Inc. PA now owns 89,109 shares of the insurance provider's stock valued at $908,000 after buying an additional 75,604 shares during the last quarter. State Street Corp raised its position in shares of MGIC Investment Corporation by 7.0% in the first quarter.

Platinum Investment Management Ltd increased Alphabet Inc stake by 2,744 shares to 265,711 valued at $205.08 million in 2016Q4. Hillsdale owns 0.24% invested in MGIC Investment Corp. Verition Fund Limited Liability Corporation invested 0.02% in Apollo Investment Corp. The Manufacturers Life Insurance Company The holds 1.78M shares with $25.69 million value, up from 1.12M last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock.

Shares of MGIC Investment Corporation (MTG) traded down 0.2645% on Friday, reaching $11.3499. (NYSE:BAX) now have an ABR of 2.38.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. Mark Asset Management Corp who had been investing in Mgic Investment Corp for a number of months, seems to be bullish on the $4.39B market cap company. MGIC Investment Corporation has a one year low of $7.25 and a one year high of $12.25. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $10.88. The value of the total investment in MGIC Investment Corporation increased from $30,000 to $9,247,000 a change of 30,723.3% since the last quarter. The company beat the analyst EPS Estimate with the difference of $-0.03. (NYSE:MTW), maintained return on investment for the last twelve months at -16.30, higher than what Reuters data shows regarding industry's average. The firm had revenue of $263.31 million for the quarter, compared to analysts' expectations of $263.43 million. While in the same Quarter Previous year, the Actual EPS was $0.14. MGIC Investment Corporation's revenue was down.1% on a year-over-year basis. As of the last earnings report the EPS was $0.97 and is estimated to be $1.13 for the current year with 370,557,000 shares presently outstanding. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & global copyright legislation. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & worldwide trademark and copyright legislation. The legal version of this piece can be viewed at https://weekherald.com/2017/08/11/bowling-portfolio-management-llc-purchases-new-stake-in-mgic-investment-corporation-mtg-updated.html. The average analysts gave this company a mean recommendation of 2.60. Appleton Group LLC bought a new position in MGIC Investment Corporation during the second quarter valued at approximately $119,000. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances. Finally, MKM Partners restated a buy rating and issued a $13.00 price objective (up previously from $10.00) on shares of MGIC Investment Corporation in a report on Tuesday, April 25th. Finally, ValuEngine upgraded MGIC Investment Corporation from a buy rating to a strong-buy rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. The stock has "Outperform" rating by Keefe Bruyette & Woods on Monday, October 12. Lpl Limited Liability has 0.01% invested in MGIC Investment Corp.

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