The fund owned 13,735 shares of the insurance provider's stock after selling 60 shares during the period.
1492 Capital Management Llc decreased its stake in Neogenomics Inc (NEO) by 7.28% based on its latest 2016Q4 regulatory filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Finally, Paragon Capital Management Ltd acquired a new position in MGIC Investment Corporation during the first quarter valued at $157,000. 1492 Capital Management Llc sold 38,988 shares as the company's stock declined 8.15% while stock markets rallied. World Asset Management Inc raised its position in MGIC Investment Corporation by 0.7% in the first quarter. Gotham Asset Management LLC now owns 38,583 shares of the insurance provider's stock valued at $391,000 after buying an additional 338 shares in the last quarter. (NYSE:MTG). Moreover, Gateway Inv Advisers Limited Co has 0.01% invested in MGIC Investment Corp.
1492 Capital Management Llc, which manages about $188.45 million and $129.60M US Long portfolio, upped its stake in Independent Bank Group Inc (NASDAQ:IBTX) by 5,088 shares to 10,242 shares, valued at $639,000 in 2016Q4, according to the filing. Alps Advisors Inc has invested 0% in MGIC Investment Corp. Finally, Princeton Alpha Management LP bought a new position in MGIC Investment Corporation during the first quarter valued at approximately $127,000. Verition Fund Limited Liability Corporation invested 0.02% in Apollo Investment Corp. The value of the investment in MGIC Investment Corporation went from $2,799,000 to $3,201,000 increasing 14.4% since the last quarter. Institutional investors own 86.64% of the company's stock.
Shares of MGIC Investment Corporation (MTG) traded down 0.2645% on Friday, reaching $11.3499. The company's stock had a trading volume of 728,408 shares. The firm has a market cap of $4.22 billion, a PE ratio of 11.72 and a beta of 2.08. MGIC Investment Corp. had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $10.88.
MGIC Investment Corporation (MTG) now has P/E (Price to Earnings) ratio of 12.26 while the company's industry has 12.25 P/E and the sector P/E is 22.54. The company beat the analyst EPS Estimate with the difference of $-0.03. During the same period in the prior year, the company posted $0.26 EPS. The business's revenue for the quarter 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.
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Several analysts recently commented on the stock.
Equity analyst Deutsche Bank upgraded the stock and raised the price target on December 12 boosting the price target from $8.00 to $12.00 and altering the rating from "Hold" to "Buy". BTIG Research maintained the shares of MTG in report on Tuesday, July 18 with "Buy" rating. (NYSE:MTG) has "Neutral" rating given on Wednesday, April 20 by Compass Point. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. October 4 investment analysts at Keefe Bruyette & Woods made no change to the company rating of "Outperform" and lowered the price target to $9.50 from $11.50. The company's net profit margin has achieved the current level of 35 percent and possesses 0 percent gross margin.
NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Firm 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.
Here are some other firms who have updated their holdings.