MGIC Investment Corp. (NYSE:MTG) SVP Gregory A. Chi acquired 10,000 shares of the stock in a transaction dated Thursday, January 28th. The shares were purchased at an average cost of $6.36 per share, with a total value of $63,600.00. Following the completion of the purchase, the senior vice president now owns 204,060 shares of the company’s stock, valued at approximately $1,297,821.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MTG has been the subject of a number of research reports. Zacks Investment Research reissued a “sell” rating on shares of MGIC Investment Corp. in a research note on Sunday. Credit Suisse reissued a “hold” rating on shares of MGIC Investment Corp. in a research note on Sunday, January 24th. BTIG Research reissued a “buy” rating and issued a $12.00 price target on shares of MGIC Investment Corp. in a research note on Friday, January 22nd. Barclays decreased their price target on shares of MGIC Investment Corp. from $14.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, January 22nd. Finally, Goldman Sachs reissued a “buy” rating and issued a $10.00 price target (down from $11.00) on shares of MGIC Investment Corp. in a research note on Friday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. MGIC Investment Corp. presently has a consensus rating of “Buy” and an average target price of $10.45.

Several institutional investors have recently added to or reduced their stakes in the company. High Pointe Capital Management LLC boosted its position in MGIC Investment Corp. by 0.6% in the fourth quarter. High Pointe Capital Management LLC now owns 99,300 shares of the company’s stock worth $877,000 after buying an additional 570 shares in the last quarter. Oxbow Advisors LLC boosted its position in MGIC Investment Corp. by 0.8% in the fourth quarter. Oxbow Advisors LLC now owns 309,940 shares of the company’s stock worth $2,737,000 after buying an additional 2,560 shares in the last quarter. American Century Companies Inc. boosted its position in MGIC Investment Corp. by 7.1% in the fourth quarter. American Century Companies Inc. now owns 10,841,434 shares of the company’s stock worth $95,730,000 after buying an additional 722,451 shares in the last quarter. California State Teachers Retirement System boosted its position in MGIC Investment Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 629,441 shares of the company’s stock worth $5,558,000 after buying an additional 10,034 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in MGIC Investment Corp. by 1.8% in the fourth quarter. Nationwide Fund Advisors now owns 271,591 shares of the company’s stock worth $2,398,000 after buying an additional 4,824 shares in the last quarter.

Shares of MGIC Investment Corp. (NYSE:MTG) opened at 6.74 on Tuesday. The stock has a market cap of $2.29 billion and a PE ratio of 2.60. The stock’s 50 day moving average is $7.93 and its 200-day moving average is $9.48. MGIC Investment Corp. has a 12-month low of $5.63 and a 12-month high of $11.72.

MGIC Investment Corp. (NYSE:MTG) last released its quarterly earnings results on Thursday, January 21st. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $257.90 million for the quarter, compared to analysts’ expectations of $258.19 million. During the same period in the prior year, the firm posted $0.19 earnings per share. MGIC Investment Corp.’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts expect that MGIC Investment Corp. will post $0.88 EPS for the current year.

MGIC Investment Corporation is a holding company. Through its wholly owned subsidiaries, the Company provides private mortgage insurance and ancillary services. The Company’s subsidiaries include Mortgage Guaranty Insurance Corporation (NYSE:MTG) and MGIC Indemnity Corporation (MIC). 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. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, it also provides various services for the mortgage finance industry, such as contract underwriting and portfolio analysis and retention.

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