MGIC Investment Corporation $MTG Stock: Alps Advisors Inc. Decreases Holdings

Key Points

• Alps Advisors cut its MGIC Investment stake by 20.2% in the third quarter, selling 130,890 shares; it still held 518,562 shares worth about $13.4 million.
• MGIC reported quarterly EPS of $0.85, above the $0.81 consensus, and revenue slightly beat estimates, though revenue declined 1.8% year over year.
• The company declared a quarterly dividend of $0.17 per share, equivalent to a 2.4% yield. Analysts’ average rating was “Hold,” with a consensus price target of $31.

Alps Advisors Inc. reduced its stake in shares of MGIC Investment Corporation (NYSE:MTG - Free Report) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 518,562 shares of the insurance provider's stock after selling 130,890 shares during the period. Alps Advisors Inc. owned 0.25% of MGIC Investment worth $13,400,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in MGIC Investment by 10.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,375 shares of the insurance provider's stock valued at $216,000 after buying an additional 792 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in MGIC Investment by 52.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 30,390 shares of the insurance provider's stock worth $875,000 after acquiring an additional 10,507 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in shares of MGIC Investment in the 3rd quarter worth $34,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MGIC Investment in the 3rd quarter worth $177,000. Finally, Vise Technologies Inc. grew its stake in shares of MGIC Investment by 99.3% in the 3rd quarter. Vise Technologies Inc. now owns 137,040 shares of the insurance provider's stock worth $3,541,000 after acquiring an additional 68,275 shares in the last quarter. Institutional investors own 95.58% of the company's stock.

MGIC Investment Stock Down 2.5%

Shares of MTG stock opened at $28.61 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.19. MGIC Investment Corporation has a one year low of $24.69 and a one year high of $31.89. The company's fifty day moving average price is $28.81 and its 200-day moving average price is $27.82. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.01 and a beta of 0.64.

MGIC Investment (NYSE:MTG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.04. The business had revenue of $299.08 million during the quarter, compared to analyst estimates of $298.66 million. MGIC Investment had a net margin of 58.12% and a return on equity of 13.81%. The company's revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. Sell-side analysts expect that MGIC Investment Corporation will post 3.22 EPS for the current fiscal year.

MGIC Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.68 annualized dividend and a yield of 2.4%. MGIC Investment's dividend payout ratio (DPR) is 21.12%.

Key MGIC Investment News

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

• Positive Sentiment: MGIC reported third-quarter adjusted earnings of $0.85 per share, ahead of the roughly $0.81 consensus, with revenue slightly above estimates. Insurance-in-force growth and expense discipline helped offset pressure elsewhere. MTG Q3 Earnings Beat on Lower Expenses, Revenues Fall Y/Y
• Positive Sentiment: Management indicated operating expenses could come in slightly below its $190 million–$200 million range and extended quota-share reinsurance through 2029, supporting cost control and risk management. MGIC signals lower operating expenses and extends quota-share reinsurance
• Neutral Sentiment: Barclays raised its price target from $29 to $30 but kept an “equal weight” rating, indicating limited conviction in near-term outperformance. Barclays stock recommendations
• Negative Sentiment: Revenue declined year over year, while rising losses and delinquencies, lower sales, and margin pressure remain concerns that could offset the earnings beat. MTG Q3 2026 deep dive

Insiders Place Their Bets

In other MGIC Investment news, CEO Timothy Mattke sold 137,114 shares of MGIC Investment stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $26.23, for a total value of $3,596,500.22. Following the completion of the transaction, the chief executive officer directly owned 843,778 shares of the company's stock, valued at $22,132,296.94. This trade represents a 13.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore Miosi sold 30,000 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $26.06, for a total transaction of $781,800.00. Following the completion of the sale, the chief operating officer owned 440,951 shares in the company, valued at approximately $11,491,183.06. This trade represents a 6.37% 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 a total of 197,114 shares of company stock valued at $5,300,200 over the last three months. Corporate insiders own 1.34% of the company's stock.

Wall Street Analyst Weigh In

MTG has been the subject of several recent analyst reports. Zacks Research lowered MGIC Investment from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Royal Bank Of Canada raised their target price on shares of MGIC Investment from $28.00 to $32.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods lifted their target price on shares of MGIC Investment from $29.00 to $30.00 and gave the company a "market perform" rating in a research report on Friday, July 31st. BTIG Research initiated coverage on shares of MGIC Investment in a research note on Tuesday, September 22nd. They issued a "hold" rating for the company. Finally, Barclays increased their price target on shares of MGIC Investment from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.00.

MGIC Investment Profile

MGIC Investment Corporation NYSE: MTG is a holding company whose principal subsidiary is Mortgage Guaranty Insurance Corporation (MGIC), a provider of private mortgage insurance in the United States. MGIC's insurance helps protect mortgage lenders and investors against losses when borrowers default, enabling qualified homebuyers to obtain mortgages with smaller down payments.

MGIC primarily offers primary mortgage insurance for residential loans, working with mortgage lenders, banks and other housing-finance institutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.