Rep. Lisa C. McClain Sells Off Shares of MGIC Investment Corporation (NYSE:MTG)

Key Points

• Representative Lisa C. McClain sold between $1,001 and $15,000 in shares of MGIC Investment (NYSE:MTG) on June 17th as disclosed in a filing on August 13th.
• MGIC Investment recently declared a quarterly dividend of $0.15 per share, increasing from the previous dividend of $0.13, which reflects a yield of 2.2%.
• The company initiated a $750 million share repurchase plan, indicating management's belief that the stock is undervalued.

Representative Lisa C. McClain (R-Michigan) recently sold shares of MGIC Investment Corporation NYSE: MTG. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in MGIC Investment stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

MGIC Investment Price Performance

Shares of MTG traded down $0.05 during mid-day trading on Tuesday, hitting $27.87. 1,992,457 shares of the stock were exchanged, compared to its average volume of 1,986,767. The company has a market cap of $6.42 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.90. MGIC Investment Corporation has a 52-week low of $21.94 and a 52-week high of $28.67. The firm has a 50-day moving average of $26.84 and a two-hundred day moving average of $25.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.

MGIC Investment (NYSE:MTG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. The business had revenue of $304.25 million for the quarter, compared to analysts' expectations of $306.25 million. MGIC Investment had a return on equity of 14.73% and a net margin of 62.58%.The company's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. On average, equities analysts predict that MGIC Investment Corporation will post 2.71 earnings per share for the current year.

MGIC Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.15 per share. This is a positive change from MGIC Investment's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. MGIC Investment's payout ratio is currently 19.67%.

Institutional Trading of MGIC Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC grew its holdings in MGIC Investment by 0.9% in the first quarter. EP Wealth Advisors LLC now owns 45,481 shares of the insurance provider's stock valued at $1,127,000 after purchasing an additional 398 shares during the period. Brooklyn Investment Group lifted its position in MGIC Investment by 15.5% during the first quarter. Brooklyn Investment Group now owns 3,094 shares of the insurance provider's stock worth $77,000 after buying an additional 416 shares in the last quarter. Signaturefd LLC lifted its position in MGIC Investment by 1.9% during the first quarter. Signaturefd LLC now owns 22,112 shares of the insurance provider's stock worth $548,000 after buying an additional 421 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in MGIC Investment by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 10,894 shares of the insurance provider's stock worth $270,000 after buying an additional 437 shares in the last quarter. Finally, NDVR Inc. raised its position in MGIC Investment by 3.6% in the second quarter. NDVR Inc. now owns 12,708 shares of the insurance provider's stock valued at $354,000 after purchasing an additional 445 shares during the period. 95.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MGIC Investment

In other MGIC Investment news, CEO Timothy J. Mattke sold 139,203 shares of MGIC Investment stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $26.54, for a total value of $3,694,447.62. Following the sale, the chief executive officer owned 1,100,994 shares in the company, valued at $29,220,380.76. The trade was a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Salvatore A. Miosi sold 30,000 shares of MGIC Investment stock in a transaction on Friday, August 1st. The shares were sold at an average price of $26.22, for a total value of $786,600.00. Following the completion of the sale, the chief operating officer owned 249,401 shares in the company, valued at $6,539,294.22. This represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,203 shares of company stock worth $5,010,848 over the last quarter. 1.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays increased their price target on MGIC Investment from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Compass Point reaffirmed a "neutral" rating and issued a $28.00 price objective (up previously from $27.00) on shares of MGIC Investment in a research report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods increased their price target on MGIC Investment from $26.00 to $27.00 and gave the stock a "market perform" rating in a research report on Monday, July 7th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $26.67.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About MGIC Investment

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.