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MGIC Investment Corp. beat earnings forecasts, raised its dividend, and sees strong institutional support.
MGIC Investment Corporation (MTG) saw increased stock holdings by Janney Montgomery Scott LLC and Diversified Trust Co, with shares owned by institutional investors and hedge funds at 95.58%.
The company beat earnings expectations with a $0.75 EPS and reported a 4.0% revenue increase year-over-year.
MGIC raised its dividend by 50% to $0.13 per share and has a market cap of $6.58 billion.
Shares opened at $27.72 recently, with a 52-week range of $21.20 to $28.28.
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MGIC Investment Corp. superó las previsiones de ganancias, elevó su dividendo, y ve un fuerte apoyo institucional.