Edgestream Partners L.P. Cuts Stake in MGIC Investment Corporation $MTG

Edgestream Partners L.P. cut its stake in shares of MGIC Investment Corporation (NYSE:MTG) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,049 shares of the insurance provider’s stock after selling 21,831 shares during the quarter. Edgestream Partners L.P. owned about 0.12% of MGIC Investment worth $6,826,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in MGIC Investment in the fourth quarter worth about $96,248,000. AQR Capital Management LLC lifted its stake in shares of MGIC Investment by 92.4% in the second 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. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of MGIC Investment during the fourth quarter valued at approximately $24,456,000. Jane Street Group LLC grew its holdings in shares of MGIC Investment by 71.2% during the fourth quarter. Jane Street Group LLC now owns 1,739,877 shares of the insurance provider’s stock valued at $50,839,000 after buying an additional 723,480 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its position in shares of MGIC Investment by 20.4% during the third quarter. Caisse de depot et placement du Quebec now owns 3,943,965 shares of the insurance provider’s stock valued at $111,890,000 after acquiring an additional 667,876 shares in the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.

Insider Activity at MGIC Investment

In other MGIC Investment news, EVP Paula C. Maggio sold 20,937 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.55, for a total value of $534,940.35. Following the completion of the transaction, the executive vice president directly owned 169,620 shares in the company, valued at $4,333,791. This represents a 10.99% decrease in their ownership of the stock. 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 30,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $25.38, for a total transaction of $761,400.00. Following the completion of the sale, the chief operating officer directly owned 560,951 shares of the company’s stock, valued at approximately $14,236,936.38. This trade represents a 5.08% decrease in their ownership of the stock. 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. Corporate insiders own 1.34% of the company’s stock.

MGIC Investment Trading Down 0.5%

NYSE:MTG opened at $30.42 on Friday. MGIC Investment Corporation has a one year low of $24.69 and a one year high of $31.89. The business has a fifty day moving average price of $27.34 and a 200-day moving average price of $26.94. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 2.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14.

MGIC Investment (NYSE:MTG) last released its quarterly earnings results on Wednesday, July 29th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. MGIC Investment had a return on equity of 13.83% and a net margin of 59.20%.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 company posted $0.82 earnings per share. MGIC Investment’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts forecast that MGIC Investment Corporation will post 3.05 EPS for the current year.

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

MGIC Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 5th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.68 annualized dividend and a yield of 2.2%. This is a positive change from MGIC Investment’s previous quarterly dividend of $0.15. MGIC Investment’s payout ratio is currently 19.05%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MTG shares. Keefe, Bruyette & Woods upped their price objective on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Friday, April 10th. Roth Capital reissued a “buy” rating and issued a $35.00 target price on shares of MGIC Investment in a report on Thursday. Royal Bank Of Canada assumed coverage on MGIC Investment in a research note on Friday, May 22nd. They issued a “sector perform” rating and a $28.00 price target for the company. Weiss Ratings raised MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Finally, Barclays dropped their price objective on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.60.

Key MGIC Investment News

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

• Positive Sentiment: MGIC reported second-quarter 2026 adjusted net operating income of $183.7 million, or $0.87 per diluted share, versus the $0.74–$0.76 analyst consensus. Earnings also increased from $0.82 per share in the year-ago quarter. MGIC Investment Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Management highlighted disciplined execution and a 14.5% return on equity, while the company posted a 59.63% net margin. These results support the case for continued financial strength and capital generation. MGIC Q2 Earnings Snapshot
• Positive Sentiment: Zacks Research modestly raised its estimate for first-quarter 2028 earnings to $0.84 per share from $0.83, indicating slightly improved longer-term expectations. Full-year earnings consensus remains $3.05 per share.
• Neutral Sentiment: MGIC’s reported net income was $182.1 million, or $0.86 per diluted share. The company’s valuation remains relatively low at approximately 9.7 times earnings, which may appeal to value-oriented investors.
• Negative Sentiment: Second-quarter revenue of $295.39 million was slightly below the $297.54 million consensus and declined 2.9% year over year. The revenue shortfall and lack of top-line growth may be limiting the stock’s response to the earnings beat. MGIC Investment Q2 Earnings Beat Estimates

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.