Mgic Invt Corp Wis (MTG) Holder Broadview Advisors LLC Boosted Its Stake by $3.83 Million as Stock Price Declined

October 12, 2017 - By Peter Erickson

Investors sentiment decreased to 1.08 in Q2 2017. Its down 0.14, from 1.22 in 2017Q1. It turned negative, as 34 investors sold MTG shares while 85 reduced holdings. 36 funds opened positions while 93 raised stakes. 321.13 million shares or 5.08% more from 305.62 million shares in 2017Q1 were reported. Nordea Investment Mgmt Ab reported 0.03% stake. Bluemountain Management Llc invested in 120,237 shares or 0.03% of the stock. Pnc Services Inc stated it has 0% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Fifth Third Retail Bank reported 0.01% stake. New Jersey-based Advisors Capital Ltd Liability has invested 0.25% in MGIC Investment Corp. (NYSE:MTG). Oarsman Capital reported 505,727 shares. Gotham Asset Management Lc owns 33,023 shares. Cipher Cap Lp holds 197,049 shares. Jane Street Gp Ltd Liability Com has invested 0% in MGIC Investment Corp. (NYSE:MTG). Glenmede Tru Na owns 53,077 shares for 0% of their portfolio. Robeco Institutional Asset Management Bv invested in 352,888 shares. Blackrock Inc holds 0.02% or 25.32M shares in its portfolio. Robertson Opportunity Cap Limited Liability Corporation has invested 3.4% in MGIC Investment Corp. (NYSE:MTG). Adirondack And Management owns 561,400 shares. Kbc Group Nv accumulated 89,265 shares or 0.01% of the stock.

Broadview Advisors Llc increased its stake in Mgic Invt Corp Wis (MTG) by 10.23% based on its latest 2017Q2 regulatory filing with the SEC. Broadview Advisors Llc bought 348,300 shares as the company’s stock declined 1.12% while stock markets rallied. The institutional investor held 3.75 million shares of the property-casualty insurers company at the end of 2017Q2, valued at $42.04 million, up from 3.41M at the end of the previous reported quarter. Broadview Advisors Llc who had been investing in Mgic Invt Corp Wis for a number of months, seems to be bullish on the $4.66 billion market cap company. The stock rose 0.16% or $0.02 reaching $12.58 per share. About 362,023 shares traded. MGIC Investment Corp. (NYSE:MTG) has risen 60.12% since October 12, 2016 and is uptrending. It has outperformed by 43.42% the S&P500.

Broadview Advisors Llc, which manages about $1.12B and $676.01M US Long portfolio, decreased its stake in Nxstage Medical Inc (NASDAQ:NXTM) by 143,400 shares to 257,956 shares, valued at $6.47M in 2017Q2, according to the filing. It also reduced its holding in Brunswick Corp (NYSE:BC) by 121,240 shares in the quarter, leaving it with 132,910 shares, and cut its stake in Zebra Technologies Corp (NASDAQ:ZBRA).

More news for MGIC Investment Corp. (NYSE:MTG) were recently published by: Prnewswire.com, which released: “MGIC Investment Corporation Schedules 3rd Quarter 2017 Earnings Call and …” on October 09, 2017. Finance.Yahoo.com‘s article titled: “MGIC Investment vs. Radian Group: Which Stock Fares Better?” and published on September 13, 2017 is yet another important article.

MGIC Investment Corp. (NYSE:MTG) Ratings Coverage

Among 9 analysts covering MGIC Investment Corp. (NYSE:MTG), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. MGIC Investment Corp. had 25 analyst reports since August 12, 2015 according to SRatingsIntel. Compass Point maintained the shares of MTG in report on Wednesday, August 12 with “Buy” rating. The stock of MGIC Investment Corp. (NYSE:MTG) has “Neutral” rating given on Tuesday, May 10 by Compass Point. The rating was maintained by BTIG Research on Tuesday, July 18 with “Buy”. The firm earned “Neutral” rating on Monday, May 2 by Credit Suisse. M Partners maintained the shares of MTG in report on Tuesday, August 25 with “Buy” rating. On Monday, December 12 the stock rating was upgraded by Deutsche Bank to “Buy”. On Friday, July 21 the stock rating was maintained by Deutsche Bank with “Buy”. Keefe Bruyette & Woods upgraded MGIC Investment Corp. (NYSE:MTG) rating on Monday, October 12. Keefe Bruyette & Woods has “Outperform” rating and $11.50 target. The firm has “Mkt Perform” rating given on Friday, October 16 by FBR Capital. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, August 30.

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