MGIC Investment (NYSE:MTG) CEO Sells $3,596,500.22 in Stock

Posted by Brian Himes on Oct 5th, 2026

MGIC Investment Corporation (NYSE:MTG – Get Free Report) CEO Timothy Mattke sold 137,114 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $26.23, for a total transaction of $3,596,500.22. Following the completion of the sale, the chief executive officer owned 843,778 shares in the company, valued at $22,132,296.94. This represents a 13.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MGIC Investment Price Performance

Shares of MTG opened at $26.86 on Monday. The firm has a market cap of $5.51 billion, a PE ratio of 8.40, a P/E/G ratio of 0.69 and a beta of 0.67. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $30.17 and a two-hundred day simple moving average of $28.09. MGIC Investment Corporation has a 1-year low of $24.69 and a 1-year high of $31.89.

MGIC Investment (NYSE:MTG – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The insurance provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. MGIC Investment had a return on equity of 13.90% and a net margin of 59.20%.The firm had revenue of $295.39 million for the quarter, compared to analysts’ expectations of $297.54 million. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that MGIC Investment Corporation will post 3.24 EPS for the current year.

MGIC Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 5th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from MGIC Investment’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 2.5%. MGIC Investment’s payout ratio is 21.25%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BTIG Research initiated coverage on shares of MGIC Investment in a research note on Tuesday, September 22nd. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their target price on shares of MGIC Investment from $29.00 to $30.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of MGIC Investment from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 19th. Zacks Research upgraded shares of MGIC Investment from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Finally, Roth Capital reissued a “buy” rating and set a $35.00 price objective on shares of MGIC Investment in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, MGIC Investment currently has a consensus rating of “Moderate Buy” and an average price target of $30.60.

Get Our Latest Stock Report on MTG

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in MGIC Investment by 9.4% during the 3rd quarter. Versant Capital Management Inc now owns 5,917 shares of the insurance provider’s stock worth $153,000 after acquiring an additional 508 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of MGIC Investment by 14.6% in the second quarter. Sequoia Financial Advisors LLC now owns 34,319 shares of the insurance provider’s stock worth $968,000 after purchasing an additional 4,381 shares during the period. WINTON GROUP Ltd boosted its position in shares of MGIC Investment by 317.3% in the second quarter. WINTON GROUP Ltd now owns 189,475 shares of the insurance provider’s stock worth $5,343,000 after purchasing an additional 144,073 shares during the period. NewEdge Advisors LLC increased its stake in shares of MGIC Investment by 126.3% in the second quarter. NewEdge Advisors LLC now owns 319,592 shares of the insurance provider’s stock worth $9,012,000 after purchasing an additional 178,381 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of MGIC Investment by 3.1% in the second quarter. Baird Financial Group Inc. now owns 13,092 shares of the insurance provider’s stock worth $369,000 after purchasing an additional 392 shares in the last quarter. 95.58% of the stock is owned by hedge funds and other institutional investors.

About MGIC Investment

(Get Free Report)

MGIC Investment Corporation is a holding company whose principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), provides private mortgage insurance in the United States. Its insurance helps lenders manage credit risk on residential mortgage loans, particularly loans made to borrowers who provide down payments below traditional thresholds.

MGIC’s products are primarily designed for lenders and other mortgage-finance participants, including primary mortgage insurance covering individual residential loans.