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

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 Trading Down 0.6%

Shares of MGIC Investment stock traded down $0.1550 during trading on Monday, hitting $27.9950. The stock had a trading volume of 500,966 shares, compared to its average volume of 2,160,846. The stock has a 50 day simple moving average of $26.79 and a 200 day simple moving average of $25.50. The company has a market capitalization of $6.45 billion, a PE ratio of 9.18, a P/E/G ratio of 2.04 and a beta of 0.90. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. MGIC Investment Corporation has a 1 year low of $21.94 and a 1 year high of $28.67.

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

MGIC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. This is an increase from MGIC Investment's previous quarterly dividend of $0.13. MGIC Investment's dividend payout ratio is presently 19.67%.

Insiders Place Their Bets

In related news, COO Salvatore A. Miosi sold 30,000 shares of MGIC Investment stock in a transaction that occurred 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 approximately $6,539,294.22. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paula C. Maggio sold 20,000 shares of MGIC Investment stock in a transaction on Friday, May 30th. The stock was sold at an average price of $26.49, for a total transaction of $529,800.00. Following the sale, the executive vice president directly owned 157,395 shares of the company's stock, valued at approximately $4,169,393.55. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 189,203 shares of company stock valued at $5,010,848. Company insiders own 1.41% of the company's stock.

Wall Street Analyst Weigh In

MTG has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on MGIC Investment from $26.00 to $27.00 and gave the stock a "market perform" rating in a report on Monday, July 7th. Barclays boosted their price target on MGIC Investment from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Compass Point restated a "neutral" rating and issued a $28.00 price objective (up from $27.00) on shares of MGIC Investment in a report on Friday, May 23rd. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MGIC Investment presently has an average rating of "Reduce" and an average target price of $26.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTG. Norges Bank bought a new position in shares of MGIC Investment during the 2nd quarter valued at about $95,857,000. AQR Capital Management LLC boosted its holdings 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 valued at $176,313,000 after purchasing an additional 3,041,446 shares during the period. First Trust Advisors LP increased its holdings in MGIC Investment by 22.4% during the fourth quarter. First Trust Advisors LP now owns 16,008,489 shares of the insurance provider's stock valued at $379,561,000 after buying an additional 2,928,595 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of MGIC Investment by 13.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,331,120 shares of the insurance provider's stock valued at $510,338,000 after purchasing an additional 2,168,940 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of MGIC Investment by 913.6% during the first quarter. Millennium Management LLC now owns 2,300,596 shares of the insurance provider's stock valued at $57,009,000 after buying an additional 2,073,633 shares during the last quarter. Institutional investors own 95.58% of the company's stock.

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.