MGIC Investment Corp President Miosi Salvatore A Sells 30000 Shares at $27.66/Share.

MGIC Investment Corp. (MTG) has announced that President and Chief Operating Officer, Salvatore A. Miosi, has sold 30,000 shares of the company's common stock at a price of $27.66 per share on September 2, 2023.

MGIC Investment Corp. (MTG) announced that its President and Chief Operating Officer, Salvatore A. Miosi, sold 30,000 shares of the company's common stock on September 2, 2023. The transaction took place at an average price of $27.66 per share [2].

This sale represents a 10.74% decrease in Miosi's ownership of the stock. Following the transaction, Miosi directly owned 249,401 shares in the company, valued at approximately $6,539,294.22 [2].

The sale comes amid a period of increased insider activity and significant changes in institutional ownership. Corebridge Financial Inc. reduced its position in shares of MGIC Investment by 4.3% in the first quarter, while other large investors such as KBC Group NV, Cerity Partners LLC, and GAMMA Investing LLC increased their stakes [1].

The company's latest earnings report showed an EPS of $0.82, surpassing analyst expectations, although its revenue decreased by 0.3% year-over-year. MGIC Investment also announced a quarterly dividend increase to $0.15 per share, representing a yield of 2.2% and a payout ratio of 19.67% [1].

Wall Street analysts have mixed opinions on MGIC Investment. While some analysts have increased their price targets, others have maintained a "neutral" or "reduce" rating [1].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-corebridge-financial-inc-sells-12274-shares-of-mgic-investment-corporation-mtg-2025-08-30/
[2] https://www.marketbeat.com/stocks/NYSE/MTG/news/