Point72 Asset Management LP Has Upped Position in Mgic Invt Corp Wis (MTG) as Stock Value Declined

MGIC Investment Corporation (NYSE:MTG) LogoInvestors sentiment increased to 1.42 in Q2 2019. Its up 0.51, from 0.91 in 2019Q1. It increased, as 18 investors sold MTG shares while 78 reduced holdings. 49 funds opened positions while 87 raised stakes. 300.59 million shares or 1.27% less from 304.47 million shares in 2019Q1 were reported. Moreover, Monarch Prtnrs Asset Mngmt Lc has 1.69% invested in MGIC Investment Corporation (NYSE:MTG) for 895,130 shares. Permit Cap Limited Co invested in 2.85% or 490,000 shares. Gateway Advisers Limited Liability Com stated it has 65,735 shares. Advisory Services Networks has invested 0% in MGIC Investment Corporation (NYSE:MTG). 805,921 were accumulated by Jane Street Grp Limited Company. Lmr Prtn Llp owns 0.04% invested in MGIC Investment Corporation (NYSE:MTG) for 75,520 shares. Walleye Trading Ltd Llc, a Minnesota-based fund reported 143,700 shares. Alberta Management Corp reported 528,216 shares. Paloma Prns Mngmt stated it has 0.23% of its portfolio in MGIC Investment Corporation (NYSE:MTG). Bank & Trust Of America Corp De owns 1.76 million shares or 0% of their US portfolio. Investec Asset Ltd accumulated 1.81M shares. 27,985 were reported by Affinity Invest Advsrs Limited Liability Corporation. Fort Washington Invest Advsrs Oh, Ohio-based fund reported 12,484 shares. California-based First Republic Mngmt has invested 0% in MGIC Investment Corporation (NYSE:MTG). Numerixs Invest Tech has 0.01% invested in MGIC Investment Corporation (NYSE:MTG).

Since August 5, 2019, it had 1 buy, and 0 selling transactions for $61,450 activity.

Point72 Asset Management Lp increased its stake in Mgic Invt Corp Wis (MTG) by 47.21% based on its latest 2019Q2 regulatory filing with the SEC. Point72 Asset Management Lp bought 1.95M shares as the company’s stock declined 11.81% . The hedge fund held 6.09 million shares of the property-casualty insurers company at the end of 2019Q2, valued at $80.08 million, up from 4.14 million at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Mgic Invt Corp Wis for a number of months, seems to be bullish on the $4.57B market cap company. The stock decreased 1.78% or $0.23 during the last trading session, reaching $12.72. About 4.99 million shares traded or 11.71% up from the average. MGIC Investment Corporation (NYSE:MTG) has risen 3.30% since September 13, 2018 and is uptrending. It has outperformed by 3.30% the S&P500.

Point72 Asset Management Lp, which manages about $19.11 billion US Long portfolio, decreased its stake in Sanderson Farms Inc (Put) (NASDAQ:SAFM) by 79,841 shares to 15,000 shares, valued at $2.05M in 2019Q2, according to the filing. It also reduced its holding in Laboratory Corp Amer Hldgs (NYSE:LH) by 148,912 shares in the quarter, leaving it with 529,264 shares, and cut its stake in Lowes Cos Inc (NYSE:LOW).

More notable recent MGIC Investment Corporation (NYSE:MTG) news were published by: Nasdaq.com which released: “Financial Sector Update for 09/10/2019: HLNE,STC,MTG – Nasdaq” on September 10, 2019, also Seekingalpha.com with their article: “MGIC’s Q2 Is Excellent. The Stock Remains Cheap, Even To Liquidation Value – Seeking Alpha” published on July 24, 2019, Finance.Yahoo.com published: “How Does MGIC Investment Corporation (NYSE:MTG) Affect Your Portfolio Volatility? – Yahoo Finance” on June 22, 2019. More interesting news about MGIC Investment Corporation (NYSE:MTG) were released by: Seekingalpha.com and their article: “MGIC Investment CFO to be next CEO – Seeking Alpha” published on July 25, 2019 as well as Nasdaq.com‘s news article titled: “Financial Sector Update for 09/10/2019: GCAP,HLNE,STC,MTG – Nasdaq” with publication date: September 10, 2019.

MGIC Investment Corporation (NYSE:MTG) Institutional Positions Chart

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