450,000 Shares in MGIC Investment Corporation $MTG Purchased by Heartland Advisors Inc.

Posted by George Bondi on Aug 22nd, 2026

Heartland Advisors Inc. acquired a new position in MGIC Investment Corporation (NYSE:MTG – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 450,000 shares of the insurance provider’s stock, valued at approximately $12,690,000.

A number of other institutional investors have also recently bought and sold shares of MTG. BlackRock Inc. acquired a new position in shares of MGIC Investment in the 2nd quarter valued at about $618,467,000. AQR Capital Management LLC lifted its position in shares of MGIC Investment by 31.3% in the fourth quarter. AQR Capital Management LLC now owns 11,616,282 shares of the insurance provider’s stock worth $339,428,000 after purchasing an additional 2,771,533 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MGIC Investment by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,371,470 shares of the insurance provider’s stock worth $163,368,000 after purchasing an additional 146,589 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of MGIC Investment by 1.0% during the fourth quarter. Allianz Asset Management GmbH now owns 5,010,157 shares of the insurance provider’s stock worth $146,397,000 after purchasing an additional 48,064 shares during the period. Finally, First Trust Advisors LP grew its position in MGIC Investment by 1.7% during the fourth quarter. First Trust Advisors LP now owns 4,609,318 shares of the insurance provider’s stock valued at $134,684,000 after purchasing an additional 76,306 shares in the last quarter. 95.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Paula C. Maggio sold 20,937 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.55, for a total transaction of $534,940.35. Following the completion of the sale, the executive vice president owned 169,620 shares in the company, valued at approximately $4,333,791. This represents a 10.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 30,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $25.38, for a total value of $761,400.00. Following the transaction, the chief operating officer directly owned 560,951 shares in the company, valued at approximately $14,236,936.38. This represents a 5.08% 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. Over the last 90 days, insiders have sold 70,937 shares of company stock worth $1,902,340. Corporate insiders own 1.34% of the company’s stock.

MGIC Investment Stock Performance

MTG stock opened at $30.85 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.78 and a beta of 0.66. MGIC Investment Corporation has a 12 month low of $24.69 and a 12 month high of $31.89. The firm has a 50 day moving average of $29.00 and a two-hundred day moving average of $27.40.

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 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 business had revenue of $295.39 million for the quarter, compared to the consensus estimate of $297.54 million. During the same quarter last year, the firm earned $0.82 EPS. MGIC Investment’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that MGIC Investment Corporation will post 3.24 EPS for the current fiscal year.

MGIC Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.2%. This is an increase from MGIC Investment’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, August 5th. MGIC Investment’s dividend payout ratio is 21.25%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of MGIC Investment from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted 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 note on Friday, July 31st. Barclays lowered their price target on shares of 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 increased their price objective 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 reissued a “buy” rating and set a $35.00 price objective on shares of MGIC Investment in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, MGIC Investment presently has a consensus rating of “Moderate Buy” and an average target price of $30.60.

Read Our Latest Analysis on MGIC Investment

MGIC Investment 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.