Peak Retirement Planning Inc. Invests $633,000 in MGIC Investment Corporation $MTG

Posted by Stanley Muller on Jun 3rd, 2026

Peak Retirement Planning Inc. bought a new position in MGIC Investment Corporation (NYSE:MTG – Free Report) during the 4th quarter, Holdings Channel reports. The fund bought 21,650 shares of the insurance provider’s stock, valued at approximately $633,000.

Several other large investors have also recently made changes to their positions in MTG. Norges Bank bought a new stake in shares of MGIC Investment in the fourth quarter worth about $96,248,000. AQR Capital Management LLC increased its holdings in shares of MGIC Investment by 92.4% in the second quarter. AQR Capital Management LLC now owns 6,333,091 shares of the insurance provider’s stock worth $176,313,000 after purchasing an additional 3,041,446 shares during the last quarter. Assetmark Inc. increased its holdings in shares of MGIC Investment by 1,208.1% in the third quarter. Assetmark Inc. now owns 1,674,152 shares of the insurance provider’s stock worth $47,496,000 after purchasing an additional 1,546,173 shares during the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in shares of MGIC Investment in the fourth quarter worth about $24,456,000. Finally, Caisse de depot et placement du Quebec increased its holdings in shares of MGIC Investment by 20.4% in the third quarter. Caisse de depot et placement du Quebec now owns 3,943,965 shares of the insurance provider’s stock worth $111,890,000 after purchasing an additional 667,876 shares during the last quarter. 95.58% of the stock is owned by institutional investors.

MGIC Investment Price Performance

Shares of NYSE:MTG opened at $24.90 on Wednesday. MGIC Investment Corporation has a 1-year low of $24.77 and a 1-year high of $29.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $26.73 and a 200-day moving average price of $27.29. The company has a market capitalization of $5.27 billion, a PE ratio of 7.90, a PEG ratio of 1.72 and a beta of 0.68.

MGIC Investment (NYSE:MTG – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The firm had revenue of $297.08 million during the quarter, compared to the consensus estimate of $303.12 million. During the same period last year, the company earned $0.75 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. As a group, equities analysts expect that MGIC Investment Corporation will post 3.06 EPS for the current fiscal year.

MGIC Investment announced that its board has approved a stock repurchase plan on Thursday, April 23rd that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 12.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

MGIC Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. MGIC Investment’s dividend payout ratio (DPR) is 19.05%.

Insider Activity at MGIC Investment

In related news, CEO Timothy J. Mattke sold 139,202 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total transaction of $3,687,460.98. Following the sale, the chief executive officer directly owned 1,118,005 shares of the company’s stock, valued at $29,615,952.45. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paula C. Maggio sold 20,937 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.55, for a total value of $534,940.35. Following the sale, the executive vice president directly owned 169,620 shares in the company, valued at $4,333,791. This trade represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 171,070 shares of company stock valued at $4,509,340 over the last ninety days. Insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MTG. Keefe, Bruyette & Woods lifted their target price on MGIC Investment from $28.00 to $29.00 and gave the stock a “market perform” rating in a report on Friday, April 10th. Barclays reduced their price objective on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings cut MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, February 5th. UBS Group reduced their price objective on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada started coverage on MGIC Investment in a research note on Friday, May 22nd. They set a “sector perform” rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MGIC Investment presently has a consensus rating of “Hold” and an average price target of $28.25.

Check Out Our Latest Report on MTG

MGIC Investment Company Profile

(Free Report)

MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.