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Q. My husband recently retired from a high-level position. He has things to do but nothing seems to rekindle his spark. I think he is going through a mid-life crisis in later life. Is there such a thing? M.N. What you are describing might be called a late-life crisis . Such a crisis is described by Richard Leider and David Shapiro in their book, “What Do You Want to Be When You Grow Old? The Path of Purposeful Aging” (2021, Berrett-Koehler Publishers, Inc.). Here are some signs the authors identify: experiencing dissatisfaction, a loss of identity, an expectations gap and the feeling that life has peaked. Some also may believe life is a downhill journey. It’s having a feeling of being irrelevant. And it’s not just a guy thing. Both men and women are likely to experience it equally. Several events can cause a crisis in later life. Among them is the death of a loved one, an illness, money problems or no longer being able to walk the usual number of miles or having difficulty with poses in a yoga class. It also could be just boredom, doing the same thing day after day. Then there is retirement , which also can be a cause. For many, the loss of the work role can leave a huge gap in the reason to get up in the morning. For many, work is more than just a paycheck . It can provide a sense of purpose, social connection, structure for the day and knowing someone or some entity expects something from us. In a sense, it’s knowing we are needed. But other causes can cause a crisis in addition to the loss of the work role. For example, being out of touch with current technology, feeling unemployable and invisible in social situations or the marketplace. How do individuals know if they are experiencing a late-life crisis? Here are several questions that can serve as a clue, suggested by Leider and Shapiro. One key to avoiding or managing a late-life crisis is to not go it alone. “Isolation is fatal,” write Lieder and Shapiro. This makes me want to share examples from a recent discussion, not necessarily of a crisis, but increased awareness of the question of “who am I now and who do I want to be?” This discussion took place at a meeting with a group of women who are not going it alone. The group was made up of retired career women who are part of Renewment , a small grassroots movement that supports and inspires career women from work to retirement and beyond. Most were not going through a crisis, yet raised questions that indicated there are issues that may not reach the crisis level, yet still are important. For example, a retired successful entrepreneur asked the question, “Am I doing as much as I am capable of? Do I want to have an impact on a small or large scale?” A recent widow said, “Being a widow is not where I wanted to be at this time in my life; it’s not my identity. I feel so fragmented exploring who I am.” Another added, “I continue to be so hard on myself; always feeling I should do more; I am busy but not happy.” These same women and others in the group shared tips on avoiding problems that could lead to a late-life crisis. A therapist has emerged as an artist in New York and another was deeply involved in the election. A retired professor is traveling to Cuba and a former teacher launched a foundation. They have engagements that reflect a passion and sense of purpose. That’s the topic for next week. A point to remember: No one gets through this life alone. As Leider and Shapiro warn against isolation, remember that finding friends, colleagues, counselors or family members to talk about what’s going on can help avoid a crisis. Stay well everyone and as always, be kind. Helen Dennis is a nationally recognized leader on issues of aging and the new retirement with academic, corporate and nonprofit experience. Contact Helen with your questions and comments at Helendenn@gmail.com . Visit Helen at HelenMdennis.com and follow her on facebook.com/SuccessfulAgingCommunity
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JPMorgan Chase & Co. boosted its position in MGIC Investment Co. ( NYSE:MTG – Free Report ) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,349,693 shares of the insurance provider’s stock after purchasing an additional 24,692 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.06% of MGIC Investment worth $418,552,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of MGIC Investment by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,145,206 shares of the insurance provider’s stock worth $326,375,000 after acquiring an additional 556,859 shares in the last quarter. State Street Corp increased its stake in shares of MGIC Investment by 0.8% during the third quarter. State Street Corp now owns 9,092,453 shares of the insurance provider’s stock valued at $232,767,000 after purchasing an additional 73,851 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of MGIC Investment by 1.5% during the second quarter. American Century Companies Inc. now owns 3,395,208 shares of the insurance provider’s stock valued at $73,167,000 after purchasing an additional 50,307 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of MGIC Investment by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,621,838 shares of the insurance provider’s stock worth $41,836,000 after purchasing an additional 98,369 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in MGIC Investment by 0.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,438,727 shares of the insurance provider’s stock valued at $31,005,000 after buying an additional 4,602 shares in the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock. MGIC Investment Stock Down 1.3 % MTG opened at $23.69 on Friday. MGIC Investment Co. has a twelve month low of $18.68 and a twelve month high of $26.56. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $24.85 and a 200-day moving average price of $24.23. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 1.75 and a beta of 1.27. MGIC Investment Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.20%. MGIC Investment’s dividend payout ratio is currently 18.31%. Wall Street Analysts Forecast Growth Several research firms have commented on MTG. Royal Bank of Canada dropped their target price on MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 6th. Barclays increased their price objective on shares of MGIC Investment from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 target price on shares of MGIC Investment in a report on Tuesday, December 10th. Finally, Bank of America cut shares of MGIC Investment from a “buy” rating to an “underperform” rating and cut their price target for the company from $26.00 to $25.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.00. Get Our Latest Stock Analysis on MTG MGIC Investment Company Profile ( Free Report ) MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. Read More Want to see what other hedge funds are holding MTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGIC Investment Co. ( NYSE:MTG – Free Report ). Receive News & Ratings for MGIC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGIC Investment and related companies with MarketBeat.com's FREE daily email newsletter .
JPMorgan Chase & Co. boosted its stake in shares of Cintas Co. ( NASDAQ:CTAS – Free Report ) by 137.5% in the third quarter, Holdings Channel reports. The institutional investor owned 2,222,527 shares of the business services provider’s stock after purchasing an additional 1,286,668 shares during the period. JPMorgan Chase & Co.’s holdings in Cintas were worth $457,574,000 as of its most recent SEC filing. Other large investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC raised its position in Cintas by 311.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after buying an additional 28 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Cintas by 226.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after buying an additional 34 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Cintas in the 2nd quarter worth $56,000. Quarry LP increased its holdings in Cintas by 500.0% during the second quarter. Quarry LP now owns 108 shares of the business services provider’s stock valued at $76,000 after buying an additional 90 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock. Cintas Price Performance Shares of CTAS stock opened at $183.37 on Friday. The stock has a 50 day moving average price of $211.70 and a 200 day moving average price of $203.75. The firm has a market capitalization of $73.95 billion, a P/E ratio of 46.31, a P/E/G ratio of 4.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. Cintas Co. has a 52-week low of $143.64 and a 52-week high of $228.12. Cintas Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s dividend payout ratio (DPR) is presently 37.59%. Wall Street Analyst Weigh In A number of equities analysts have recently weighed in on CTAS shares. UBS Group dropped their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley increased their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Jefferies Financial Group reduced their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus target price of $198.46. View Our Latest Report on CTAS Cintas Profile ( Free Report ) Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. Further Reading Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. ( NASDAQ:CTAS – Free Report ). Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter .