Benin Management Has Upped Cisco Sys (CSCO) Position; 6 Bullish Analysts Covering MGIC Investment Corp. (MTG)

May 22, 2017 - By Richard Conner

Benin Management Corp increased Cisco Sys Inc (CSCO) stake by 27.92% reported in 2016Q4 SEC filing. Benin Management Corp acquired 11,037 shares as Cisco Sys Inc (CSCO)’s stock declined 7.50%. The Benin Management Corp holds 50,567 shares with $1.53 million value, up from 39,530 last quarter. Cisco Sys Inc now has $158.06B valuation. The stock rose 1.68% or $0.53 reaching $31.74 per share. About 14.46 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since May 22, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Among 8 analysts covering MGIC Investment Corp. (NYSE:MTG), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. MGIC Investment Corp. had 19 analyst reports since August 12, 2015 according to SRatingsIntel. As per Thursday, January 21, the company rating was maintained by M Partners. FBR Capital maintained MGIC Investment Corp. (NYSE:MTG) on Wednesday, July 20 with “Outperform” rating. The company was maintained on Friday, January 22 by FBR Capital. The stock of MGIC Investment Corp. (NYSE:MTG) has “Outperform” rating given on Monday, October 12 by Keefe Bruyette & Woods. The stock of MGIC Investment Corp. (NYSE:MTG) has “Mkt Perform” rating given on Friday, October 16 by FBR Capital. The rating was upgraded by FBR Capital to “Outperform” on Thursday, June 30. The firm has “Buy” rating given on Wednesday, August 12 by Compass Point. The rating was initiated by Bank of America on Monday, October 17 with “Buy”. Compass Point upgraded the stock to “Buy” rating in Thursday, April 13 report. Compass Point maintained MGIC Investment Corp. (NYSE:MTG) on Tuesday, May 10 with “Neutral” rating. See MGIC Investment Corp. (NYSE:MTG) latest ratings:

26/04/2017 Broker: M Partners Rating: Buy New Target: $13.00 Target Up
13/04/2017 Broker: Compass Point Old Rating: Neutral New Rating: Buy Upgrade
13/02/2017 Broker: FBR Capital Rating: Outperform Old Target: $12 New Target: $13 Maintain
12/12/2016 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Old Target: $9.00 New Target: $12.00 Upgrade

About 1.03M shares traded. MGIC Investment Corp. (NYSE:MTG) has risen 60.12% since May 22, 2016 and is uptrending. It has outperformed by 43.42% the S&P500.

Investors sentiment decreased to 1.13 in 2016 Q4. Its down 0.02, from 1.15 in 2016Q3. It worsened, as 30 investors sold MGIC Investment Corp. shares while 81 reduced holdings. 50 funds opened positions while 75 raised stakes. 301.22 million shares or 0.38% more from 300.07 million shares in 2016Q3 were reported. 50,000 are owned by Ancora Ltd Llc. Meru Capital Group L P holds 0.96% of its portfolio in MGIC Investment Corp. (NYSE:MTG) for 340,000 shares. Nfc Invs Ltd Limited Liability Company reported 1.65 million shares. Netols Asset Mngmt owns 1.06M shares. Balyasny Asset reported 3.61 million shares. Glenmede Trust Company Na stated it has 0% of its portfolio in MGIC Investment Corp. (NYSE:MTG). Blackrock Advisors Limited Com reported 0% stake. Herndon Management Limited Liability Company has 1,057 shares for 0% of their portfolio. Meridian Inv Counsel Inc holds 54,500 shares. State Street accumulated 11.99M shares. Anchor Advsrs Limited Liability Company accumulated 0.03% or 79,230 shares. Nomura Inc reported 202,795 shares. Salem Inv Counselors Incorporated has invested 0% in MGIC Investment Corp. (NYSE:MTG). 2.35M are owned by Jpmorgan Chase & Communications. 2.16 million were reported by Heartland Advsrs Inc.

MGIC Investment Corporation is a holding company. The company has market cap of $3.94 billion. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. It has a 11.59 P/E ratio. 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.

Since November 23, 2016, it had 1 insider purchase, and 7 sales for $13.09 million activity. Shares for $1.18M were sold by Dedicoat Chris. 16,000 shares were sold by CHANDLER MARK D, worth $544,640. The insider CHAMBERS JOHN T sold 295,538 shares worth $10.07M. MCGEARY RODERICK C sold $340,700 worth of stock. Another trade for 3,027 shares valued at $102,679 was made by WEST STEVEN M on Wednesday, February 22. $54,525 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Walker Karen. 15,672 shares valued at $537,050 were sold by BHATT PRAT on Wednesday, March 15.

Benin Management Corp decreased Valley Natl Bancorp (NYSE:VLY) stake by 28,635 shares to 65,649 valued at $764,000 in 2016Q4. It also reduced State Str Corp (NYSE:STT) stake by 11,650 shares and now owns 34,730 shares. Spdr S&P 500 Etf Tr (SPY) was reduced too.

Among 31 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Cisco Systems Inc. had 69 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Monday, February 8 by Stifel Nicolaus. The firm earned “Overweight” rating on Wednesday, January 13 by Pacific Crest. The firm earned “Overweight” rating on Thursday, August 18 by Piperjaffray. The firm earned “Buy” rating on Thursday, February 11 by Jefferies. As per Monday, August 15, the company rating was maintained by Barclays Capital. Credit Suisse maintained it with “Underperform” rating and $25 target in Thursday, August 18 report. OTR Global upgraded the shares of CSCO in report on Thursday, February 2 to “Positive” rating. The rating was maintained by UBS with “Buy” on Thursday, February 11. The company was maintained on Thursday, May 19 by Barclays Capital. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Outperform” rating given on Thursday, May 19 by BMO Capital Markets.

Investors sentiment decreased to 1.07 in 2016 Q4. Its down 0.02, from 1.09 in 2016Q3. It fall, as 81 investors sold CSCO shares while 635 reduced holdings. 117 funds opened positions while 651 raised stakes. 3.60 billion shares or 0.42% more from 3.58 billion shares in 2016Q3 were reported. Moreover, Headinvest Ltd Co has 1.49% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 132,820 shares. Heritage Mngmt Corporation invested in 717,798 shares or 1.54% of the stock. 12.99 million are held by Parametric Portfolio Associates Limited Liability Corp. Sumitomo Mitsui Trust accumulated 15.04M shares. Money Mgmt Limited Liability Corp invested in 0.28% or 11,643 shares. 454,811 are held by Ingalls & Snyder Ltd. Moreover, Fieldpoint Private Advsr has 2.89% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 144,715 shares. Texas-based Covenant Multifamily Offices Limited Liability has invested 2.19% in Cisco Systems, Inc. (NASDAQ:CSCO). Calamos Ltd Liability Com has invested 0.16% in Cisco Systems, Inc. (NASDAQ:CSCO). The California-based Sfe Counsel has invested 0.38% in Cisco Systems, Inc. (NASDAQ:CSCO). Hanson Mcclain invested in 11,598 shares or 0.04% of the stock. California-based Alpha Cubed Invs Limited has invested 1.98% in Cisco Systems, Inc. (NASDAQ:CSCO). 58.04M were reported by Ameriprise. Janney Cap Mngmt has 774,480 shares for 1.07% of their portfolio. Baldwin Brothers Ma holds 0.02% or 4,158 shares.