California Public Employees Retirement System Purchases 33,264 Shares of MGIC Investment Corporation $MTG

Posted by Stanley Muller on Jul 25th, 2026

California Public Employees Retirement System increased its position in shares of MGIC Investment Corporation (NYSE:MTG – Free Report) by 7.0% during the first quarter, HoldingsChannel.com reports. The firm owned 509,538 shares of the insurance provider’s stock after buying an additional 33,264 shares during the period. California Public Employees Retirement System’s holdings in MGIC Investment were worth $13,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MTG. Newbridge Financial Services Group Inc. bought a new stake in MGIC Investment in the third quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in MGIC Investment during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. grew its stake in shares of MGIC Investment by 40.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,461 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 420 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of MGIC Investment by 88.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 817 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of MGIC Investment during the fourth quarter worth approximately $79,000. 95.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MTG has been the topic of several research analyst reports. Barclays decreased their target price on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada initiated coverage on shares of MGIC Investment in a report on Friday, May 22nd. They set a “sector perform” rating and a $28.00 price objective on the stock. Weiss Ratings upgraded shares of MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods upped their price target on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.25.

Read Our Latest Report on MGIC Investment

Insider Activity

In other news, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $25.38, for a total value of $761,400.00. Following the transaction, the chief operating officer owned 560,951 shares of the company’s stock, valued at approximately $14,236,936.38. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on Friday, May 29th. The stock was sold at an average price of $25.55, for a total value of $534,940.35. Following the transaction, the executive vice president owned 169,620 shares in the company, valued at approximately $4,333,791. This trade represents a 10.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.34% of the stock is owned by corporate insiders.

MGIC Investment Stock Performance

NYSE MTG opened at $29.65 on Friday. The firm’s fifty day moving average price is $27.01 and its two-hundred day moving average price is $26.91. The firm has a market capitalization of $6.27 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 2.00 and a beta of 0.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. MGIC Investment Corporation has a 1 year low of $24.69 and a 1 year high of $29.97.

MGIC Investment (NYSE:MTG – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The company had revenue of $297.08 million during the quarter, compared to analysts’ expectations of $303.12 million. During the same period last year, the firm posted $0.75 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. As a group, research analysts anticipate that MGIC Investment Corporation will post 3.05 EPS for the current year.

MGIC Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 5th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.68 annualized dividend and a yield of 2.3%. This is an increase from MGIC Investment’s previous quarterly dividend of $0.15. MGIC Investment’s payout ratio is currently 19.05%.

MGIC Investment declared that its board has authorized a stock repurchase program on Thursday, April 23rd that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 12.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.