Westport Asset Management Inc. Takes Position in MGIC Investment Corporation $MTG

Westport Asset Management Inc. purchased a new stake in MGIC Investment Corporation (NYSE:MTG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 439,013 shares of the insurance provider’s stock, valued at approximately $12,380,000. MGIC Investment comprises about 5.0% of Westport Asset Management Inc.’s portfolio, making the stock its 4th largest holding. Westport Asset Management Inc. owned 0.21% of MGIC Investment at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTG. Newbridge Financial Services Group Inc. purchased a new stake in MGIC Investment during the third quarter valued at approximately $28,000. SBI Securities Co. Ltd. raised its holdings in 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. lifted its position in MGIC Investment by 88.0% in the first 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. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in MGIC Investment in the second quarter worth $62,000. Finally, Harbor Investment Advisory LLC boosted its stake in MGIC Investment by 613.0% during the second quarter. Harbor Investment Advisory LLC now owns 2,574 shares of the insurance provider’s stock worth $73,000 after buying an additional 2,213 shares during the period. Hedge funds and other institutional investors own 95.58% of the company’s stock.

MGIC Investment News Roundup

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

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $3.21 from $3.09, bringing the estimate in line with the broader consensus. The firm also increased its Q2 2027 forecast to $0.82 from $0.79, Q2 2028 to $0.90 from $0.83, and FY2028 to $3.23 from $3.22.
• Neutral Sentiment: The revisions are mixed rather than a broad change in the earnings outlook. Zacks now projects FY2028 EPS of $3.23, compared with the current-year consensus estimate of $3.24, while the company’s valuation remains relatively low at about 9.7 times earnings. MTG’s shares are also trading near their 12-month high, which may limit the immediate reaction to modest estimate changes.
• Negative Sentiment: Zacks lowered several quarterly forecasts, including Q3 2026 EPS to $0.77 from $0.78, Q4 2026 to $0.81 from $0.82, Q3 2027 to $0.81 from $0.83, Q4 2027 to $0.83 from $0.85, and Q1 2028 to $0.83 from $0.84. These reductions suggest some near- and medium-term earnings pressure despite the higher full-year 2026 forecast.

MGIC Investment Stock Down 0.6%

Shares of MGIC Investment stock opened at $30.94 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 1.19. MGIC Investment Corporation has a 1 year low of $24.69 and a 1 year high of $31.89. The firm’s 50-day moving average is $28.80 and its two-hundred day moving average is $27.35. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.79 and a beta of 0.66.

MGIC Investment (NYSE:MTG) last posted its quarterly earnings results on Wednesday, July 29th. The insurance provider reported $0.87 EPS for the quarter, beating the consensus estimate 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 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts expect that MGIC Investment Corporation will post 3.24 earnings per share for the current fiscal year.

MGIC Investment announced that its board has authorized a share repurchase plan on Thursday, April 23rd that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

MGIC Investment Increases Dividend

The business 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. This is a boost from MGIC Investment’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.68 annualized dividend and a yield of 2.2%. MGIC Investment’s payout ratio is 21.25%.

Insiders Place Their Bets

In other MGIC Investment news, EVP Paula C. Maggio sold 20,000 shares of MGIC Investment stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.30, for a total value of $606,000.00. Following the transaction, the executive vice president owned 149,620 shares in the company, valued at $4,533,486. The trade was a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 MGIC Investment 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 completion of the transaction, the chief operating officer owned 560,951 shares in the company, valued at $14,236,936.38. This trade represents a 5.08% 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. Insiders have sold a total of 70,937 shares of company stock valued at $1,902,340 over the last 90 days. 1.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

MGIC Investment Company Profile

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.