MGIC Investment Corporation $MTG Stock Holdings Trimmed by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in MGIC Investment Corporation (NYSE:MTG) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,775,199 shares of the insurance provider’s stock after selling 1,007,558 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of MGIC Investment worth $870,031,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its holdings in MGIC Investment by 14.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 22,817 shares of the insurance provider’s stock valued at $667,000 after buying an additional 2,962 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in MGIC Investment by 9.0% in the fourth quarter. Teacher Retirement System of Texas now owns 298,852 shares of the insurance provider’s stock valued at $8,732,000 after buying an additional 24,751 shares during the last quarter. West Michigan Advisors LLC bought a new stake in MGIC Investment in the fourth quarter valued at about $209,000. HB Wealth Management LLC increased its holdings in MGIC Investment by 55.8% in the fourth quarter. HB Wealth Management LLC now owns 13,826 shares of the insurance provider’s stock valued at $404,000 after buying an additional 4,952 shares during the last quarter. Finally, Caprock Group LLC grew its position in shares of MGIC Investment by 86.7% during the 4th quarter. Caprock Group LLC now owns 97,651 shares of the insurance provider’s stock valued at $2,853,000 after buying an additional 45,335 shares during the last quarter. 95.58% of the stock is owned by institutional investors.

MGIC Investment Trading Down 1.0%

NYSE:MTG opened at $26.22 on Friday. MGIC Investment Corporation has a 12-month low of $24.77 and a 12-month high of $29.97. The firm has a market capitalization of $5.63 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.84 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.52. The business has a 50 day simple moving average of $26.86 and a 200 day simple moving average of $27.49.

MGIC Investment (NYSE:MTG) 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 business had revenue of $297.08 million during the quarter, compared to analyst estimates of $303.12 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts predict that MGIC Investment Corporation will post 3.07 EPS for the current year.

MGIC Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Wednesday, May 6th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. MGIC Investment’s payout ratio is currently 19.05%.

MGIC Investment declared that its Board of Directors has initiated a stock buyback program on Thursday, April 23rd that allows the company to buyback $750.00 million in shares. This buyback authorization allows the insurance provider to repurchase up to 12.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

More MGIC Investment News

Here are the key news stories impacting MGIC Investment this week:

• Positive Sentiment: Board authorizes a $750M share buyback and management reiterated capital strength, which supports shareholder returns and could boost EPS over time. Board authorizes $750M buyback
• Positive Sentiment: Company announced an upcoming US$0.15 dividend — a direct cash return that tends to support the share price and attract income-focused investors. Dividend coverage
• Positive Sentiment: Q1 EPS beat: MGIC reported $0.76 vs. $0.73 consensus (strong margins and ROE highlighted), which validates underwriting profitability despite softer revenue. Earnings beat
• Positive Sentiment: Earnings call emphasized capital strength and allowed the firm to pursue buybacks and dividends while maintaining reserves — a reassuring signal for investors focused on balance-sheet durability. Earnings call highlights
• Neutral Sentiment: Full Q1 earnings call transcripts and coverage are available for deeper review; they provide detail but no major surprises beyond the items above. Earnings transcript
• Negative Sentiment: Revenue missed estimates and was down year-over-year, which raises questions about top-line momentum even though earnings held up via margins. Revenue miss
• Negative Sentiment: Barclays lowered its price target from $29 to $28 and set an “equal weight” rating, signaling limited near-term upside from the street and adding downward pressure. Barclays price-target cut

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTG. Keefe, Bruyette & Woods boosted their price objective on shares of MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Friday, April 10th. UBS Group decreased their target price on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Barclays lowered their target price on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Weiss Ratings downgraded MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.25.

Insider Activity at MGIC Investment

In other news, COO Salvatore A. Miosi sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $27.27, for a total transaction of $818,100.00. Following the completion of the transaction, the chief operating officer directly owned 454,245 shares in the company, valued at approximately $12,387,261.15. The trade was a 6.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Mattke sold 139,202 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total value of $3,687,460.98. Following the transaction, the chief executive officer owned 1,118,005 shares of the company’s stock, valued at approximately $29,615,952.45. This represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 200,133 shares of company stock worth $5,342,700 in the last 90 days. 1.34% of the stock is currently owned by company insiders.

About MGIC Investment

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.