LSV Asset Management Sells 293,909 Shares of MGIC Investment Corporation $MTG

LSV Asset Management cut its stake in shares of MGIC Investment Corporation (NYSE:MTG) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,024,127 shares of the insurance provider’s stock after selling 293,909 shares during the quarter. LSV Asset Management’s holdings in MGIC Investment were worth $292,905,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MTG. AQR Capital Management LLC increased its holdings 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 worth $176,313,000 after buying an additional 3,041,446 shares in the last quarter. Assetmark Inc. increased its holdings in MGIC Investment by 1,208.1% in the 3rd quarter. Assetmark Inc. now owns 1,674,152 shares of the insurance provider’s stock worth $47,496,000 after buying an additional 1,546,173 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in MGIC Investment in the 4th quarter worth about $24,456,000. Caisse de depot et placement du Quebec increased its holdings in MGIC Investment by 20.4% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 3,943,965 shares of the insurance provider’s stock worth $111,890,000 after buying an additional 667,876 shares in the last quarter. Finally, UBS Group AG increased its holdings in MGIC Investment by 53.3% in the 3rd quarter. UBS Group AG now owns 1,711,453 shares of the insurance provider’s stock worth $48,554,000 after buying an additional 594,980 shares in the last quarter. 95.58% of the stock is currently owned by institutional investors.

Insider Transactions at MGIC Investment

In other MGIC Investment news, CEO Timothy J. Mattke sold 139,202 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total transaction of $3,687,460.98. Following the completion of the sale, the chief executive officer directly owned 1,118,005 shares in the company, valued at $29,615,952.45. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 10,931 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.25, for a total value of $286,938.75. Following the sale, the chief operating officer owned 590,951 shares of the company’s stock, valued at approximately $15,512,463.75. This represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.34% of the company’s stock.

MGIC Investment Trading Down 0.5%

MGIC Investment stock opened at $26.04 on Friday. The business has a 50-day simple moving average of $26.78 and a two-hundred day simple moving average of $27.40. The company has a market cap of $5.51 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.79 and a beta of 0.71. MGIC Investment Corporation has a 52-week low of $24.77 and a 52-week high of $29.97. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

MGIC Investment (NYSE:MTG) last released its quarterly earnings results 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. The business had revenue of $297.08 million during the quarter, compared to the consensus estimate of $303.12 million. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Analysts predict that MGIC Investment Corporation will post 3.08 EPS for the current year.

MGIC Investment declared that its board has authorized a share buyback plan on Thursday, April 23rd that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 12.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

MGIC Investment Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MTG shares. Royal Bank Of Canada started coverage on MGIC Investment in a report on Friday. They issued a “sector perform” rating and a $28.00 price objective for the company. Weiss Ratings downgraded MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. Barclays reduced their price objective on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Keefe, Bruyette & Woods lifted their price objective on MGIC Investment from $28.00 to $29.00 and gave the stock a “market perform” rating in a report on Friday, April 10th. Finally, UBS Group reduced their price objective on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.25.

Trending Headlines about MGIC Investment

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for MGIC Investment to $3.13 from $3.09, and also nudged Q1 2027 estimates higher to $0.81 from $0.80, suggesting slightly better near-term earnings expectations.
• Positive Sentiment: The firm also increased its Q3 2026 estimate to $0.79 from $0.78 and Q4 2027 estimate to $0.88 from $0.87, reinforcing the view that MGIC Investment’s earnings profile remains resilient.
• Neutral Sentiment: Even after the revisions, Zacks Research’s forecasts remain close to consensus, with full-year current earnings still expected at $3.06 per share, so the changes are incremental rather than a major outlook shift.
• Negative Sentiment: Zacks Research cut its Q2 2027 EPS estimate to $0.82 from $0.86, and trimmed FY2027 earnings to $3.35 from $3.37, which may have added some pressure on the stock.
• Negative Sentiment: The analyst also lowered its Q1 2028 estimate to $0.87 from $0.88, a small reduction that adds to the mixed tone of the overall revisions.

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.