Edgestream Partners L.P. Sells 21,831 Shares of MGIC Investment Corporation $MTG

Edgestream Partners L.P. cut its holdings in MGIC Investment Corporation (NYSE:MTG) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,049 shares of the insurance provider’s stock after selling 21,831 shares during the period. Edgestream Partners L.P.’s holdings in MGIC Investment were worth $6,826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bull Harbor Capital LLC purchased a new position in shares of MGIC Investment in the first quarter worth $352,000. Strategic Investment Advisors MI purchased a new position in MGIC Investment during the first quarter valued at $382,000. South Dakota Investment Council increased its holdings in MGIC Investment by 29.7% in the 1st quarter. South Dakota Investment Council now owns 335,644 shares of the insurance provider’s stock valued at $8,811,000 after acquiring an additional 76,800 shares during the last quarter. Amundi increased its holdings in MGIC Investment by 23.2% in the 1st quarter. Amundi now owns 110,053 shares of the insurance provider’s stock valued at $2,889,000 after acquiring an additional 20,714 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in MGIC Investment by 16.2% in the 1st quarter. California State Teachers Retirement System now owns 274,193 shares of the insurance provider’s stock worth $7,198,000 after purchasing an additional 38,217 shares in the last quarter. 95.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Salvatore A. Miosi sold 30,000 shares of the 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 sale, the chief operating officer directly owned 560,951 shares of the company’s stock, valued at $14,236,936.38. This represents a 5.08% 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, EVP Paula C. Maggio sold 20,937 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.55, for a total transaction of $534,940.35. Following the completion of the sale, the executive vice president directly owned 169,620 shares of the company’s stock, valued at approximately $4,333,791. The trade was a 10.99% decrease in their position. 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 Stock Down 0.5%

Shares of MTG opened at $30.42 on Friday. The company has a market cap of $6.43 billion, a PE ratio of 9.51, a P/E/G ratio of 2.11 and a beta of 0.67. The business has a fifty day moving average of $27.34 and a 200 day moving average of $26.94. MGIC Investment Corporation has a 52-week low of $24.69 and a 52-week high of $31.89. 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 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 13.83%. The business had revenue of $295.39 million for the quarter, compared to analysts’ expectations of $297.54 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect 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 buyback $750.00 million in shares. This buyback authorization allows the insurance provider to repurchase up to 12.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

MGIC Investment Increases Dividend

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

Analysts Set New Price Targets

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

Trending Headlines about MGIC Investment

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 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.