The electric and magnetic properties of Mg1.9-2xMn0.05Fe4xO4+${gamma}$+2wt% Al2O3, and its microstructure have been investigated as a function of ferrite composition (x=0.45, 0.5, 0.55). The microstructure turned out to be independent on the ferrite composition. The resistivity was decreased with increasing Fe contents, whereas the Curie temperature decreased. Saturation magnetization was varied from 1741 to 2022 G with composition, and squareness ratio (SR), coercive force (BHc) were decreased and increased with increasing Fe contents respectively, so the sample which SR and BHc were 0.97 Oe and 1.49 Oe can be attainable at x=0.45.