5 Best Stocks to Buy According to Billionaire Brian Higgins

4. MGIC Investment Corporation (NYSE: MTG)

Higgins’ Stake Value: $63,779,000
Percentage of Brian Higgins’ 13F Portfolio: 4.76%
Number of Hedge Fund Holders: 28

MGIC Investment Corporation (NYSE: MTG) is a provider of private lease insurance in the United States. It was incorporated in 1957 and is placed fourth on our list of 10 best stocks to buy according to billionaire Brian Higgins. MGIC stock has offered investors returns of 68.74% in the past 12 months.

On May 5, MGIC Investment Corporation (NYSE: MTG) declared first quarter 2021 earnings per share of $0.42 in line with the previous. The company also announced its revenue of $297.96 million, down 2.9% YoY, missing the estimates by $4.71 million. Net income increased to $150 million from $149.8 million a year ago. In April, the company declared its quarterly dividend of $0.06 per share. The forward yield is 1.65%.

In the first quarter of 2021, 28 hedge funds in Insider Monkey’s database of 887 funds held stakes in MGIC Investment Corporation (NYSE: MTG), compared to 27 funds in the fourth quarter of 2020. King Street Capital is the company’s most significant stakeholder, with 4.61 million shares worth $63.78 million.