Squarepoint Ops LLC Cuts Position in MGIC Investment Corporation $MTG

Posted by Francis Steltz on Sep 11th, 2026

Squarepoint Ops LLC decreased its stake in MGIC Investment Corporation (NYSE:MTG – Free Report) by 63.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,945 shares of the insurance provider’s stock after selling 603,306 shares during the period. Squarepoint Ops LLC’s holdings in MGIC Investment were worth $9,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in MGIC Investment in the second quarter valued at about $618,467,000. California State Teachers Retirement System grew its holdings in shares of MGIC Investment by 2,724.4% in the 2nd quarter. California State Teachers Retirement System now owns 7,744,171 shares of the insurance provider’s stock worth $218,386,000 after acquiring an additional 7,469,978 shares during the period. Caisse de depot et placement du Quebec acquired a new stake in shares of MGIC Investment in the 2nd quarter worth approximately $98,074,000. Norges Bank purchased a new position in MGIC Investment in the 4th quarter valued at approximately $96,248,000. Finally, AQR Capital Management LLC increased its stake in MGIC Investment by 92.4% in the 2nd quarter. AQR Capital Management LLC now owns 6,333,091 shares of the insurance provider’s stock valued at $176,313,000 after purchasing an additional 3,041,446 shares in the last quarter. 95.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MGIC Investment

In related news, EVP Paula C. Maggio sold 20,000 shares of the stock in a transaction that occurred on 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 approximately $4,533,486. This represents a 11.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $30.73, for a total transaction of $921,900.00. Following the completion of the transaction, the chief operating officer owned 470,951 shares in the company, valued at $14,472,324.23. The trade was a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on MTG. Keefe, Bruyette & Woods boosted their target price 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. Roth Capital reaffirmed a “buy” rating and set a $35.00 price target on shares of MGIC Investment in a research note on Thursday, July 30th. Zacks Research upgraded shares of MGIC Investment from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Weiss Ratings raised shares of MGIC Investment from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada increased their price objective on shares of MGIC Investment from $28.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, MGIC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $30.60.

Check Out Our Latest Stock Report on MTG

MGIC Investment Stock Performance

NYSE MTG opened at $30.86 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. MGIC Investment Corporation has a fifty-two week low of $24.69 and a fifty-two week high of $31.89. The business has a fifty day moving average of $30.12 and a 200-day moving average of $27.82. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.78 and a beta of 0.65.

MGIC Investment (NYSE:MTG – Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $297.54 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that MGIC Investment Corporation will post 3.24 earnings per share for the current fiscal year.

MGIC Investment Increases Dividend

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

MGIC Investment Profile

(Free Report)

MGIC Investment Corporation (NYSE: MTG) is a holding company whose principal subsidiary is Mortgage Guaranty Insurance Corporation (MGIC), a provider of private mortgage insurance in the United States. MGIC’s insurance helps lenders manage the risk associated with residential mortgages made to borrowers who have limited down payments, allowing qualified homebuyers to obtain financing with less than 20% down.

MGIC primarily offers primary mortgage insurance to mortgage lenders, banks, credit unions and other residential lending institutions.