Paula Maggio Sells 20,000 Shares of MGIC Investment (NYSE:MTG) Stock

Posted by Brian Himes on Aug 12th, 2026

MGIC Investment Corporation (NYSE:MTG – Get Free Report) EVP Paula Maggio sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.30, for a total transaction of $606,000.00. Following the completion of the sale, the executive vice president owned 149,620 shares of the company’s stock, valued at $4,533,486. This trade represents a 11.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MGIC Investment Stock Up 0.4%

MTG stock opened at $30.39 on Wednesday. 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 company’s 50-day moving average price is $28.12 and its 200 day moving average price is $27.16. MGIC Investment Corporation has a 52 week low of $24.69 and a 52 week high of $31.89. The company has a market cap of $6.23 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.78 and a beta of 0.66.

MGIC Investment (NYSE:MTG – Get Free Report) last issued its earnings results on Wednesday, July 29th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. MGIC Investment had a net margin of 59.20% and a return on equity of 13.90%. The company had revenue of $295.39 million during the quarter, compared to analysts’ expectations of $297.54 million. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts expect that MGIC Investment Corporation will post 3.21 earnings per share for the current fiscal year.

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

MGIC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 5th. This is an increase from MGIC Investment’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. MGIC Investment’s dividend payout ratio (DPR) is presently 21.25%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MTG. Barclays dropped their price objective on shares of MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Weiss Ratings upgraded MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price target on MGIC Investment from $29.00 to $30.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Royal Bank Of Canada boosted their price target on MGIC Investment from $28.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Finally, Roth Capital restated a “buy” rating and issued a $35.00 price objective on shares of MGIC Investment in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $30.60.

View Our Latest Stock Analysis on MTG

Institutional Investors Weigh In On MGIC Investment

Institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new position in MGIC Investment during the third quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of MGIC Investment during the 4th quarter valued at $36,000. SBI Securities Co. Ltd. grew its stake in shares of MGIC Investment by 40.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,461 shares of the insurance provider’s stock valued at $43,000 after buying an additional 420 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of MGIC Investment by 88.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider’s stock worth $43,000 after buying an additional 817 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of MGIC Investment in the 2nd quarter worth $62,000. 95.58% of the stock is currently owned by hedge funds and other institutional investors.

About MGIC Investment

(Get 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.