Dividends, Bonds, and Blown Up Wells: Why Chevron, Target and Others Are Attracting Attention Today

Page 2 of 2

MGIC Releases Solid May Numbers

MGIC Investment Corp. (NYSE:MTG) is in the spotlight after revealing that its insurance in force for May rose by 5.3% year-over-year to $176.1 billion. Primary delinquent inventory fell by 22.3% year-over-year to 52,990 loans. Although investors were concerned about MGIC Investment Corp. (NYSE:MTG)’s growth prospects after the company raised premiums to earn better returns on capital, the rising insurance in force number soothes some of the concerns. The falling delinquencies should also help profits. Doug Silverman and Alexander Klabin‘s Senator Investment Group was one of the top shareholders of the stock at the end of March.

Ford Motor China Sales Decline

Ford Motor Company (NYSE:F)‘s China sales retreated by 2.5% year-over-year to 88,248 units for the month of May, in sharp contrast to competitor General Motors Company (NYSE:GM), which had sales in the region rise by 16.9% for the month. Changan Ford Automobile sales numbered 67,055 units, while Jiangling Motors Corporation’s sales amounted to 19,692 units. Imported vehicles constituted the remaining 1,501 units sold for the month. Ford’s performance in China remains robust despite the down month, with year-to-date sales numbering 479,542 units, a 5% year-over-year rise. Ford Motor Company (NYSE:F) was held by 33 funds that we track as of the most recent 13F reporting period.

Follow Ford Motor Co (NYSE:F)

Target Rises on Dividend Bump

Target Corporation (NYSE:TGT) is almost 1% higher in morning trading after its board raised the company’s quarterly dividend payment by 7.1% to $0.60 per share. At current share prices, the dividend’s annual yield stands at 3.52%. Target Corporation (NYSE:TGT) shareholders could use the dividend raise; shares of the retailer are down by 4.5% year-to-date and trade at a forward P/E of 12.08. Cliff Asness‘ AQR Capital Management owned around 2 million Target shares at the end of March.

Follow Target Corp (NYSE:TGT)

Disclosure: None

Page 2 of 2