MGIC Investment (MTG) Drops 12.21% in Four Days as Prudential Financial Cuts Holdings by 15.6%

MGIC Investment (MTG) shares fell 0.40% today, marking the fourth consecutive day of decline, with a total drop of 12.21% over the past four days. The share price hit its lowest level since July 2024, with an intraday decline of 1.78%.

MGIC Investment's stock price fluctuations appear to be influenced by several key factors. Prudential Financial Inc. has reduced its holdings in MGIC Investment Co. by 15.6%, which could impact investor sentiment and stock price. This significant reduction in holdings by a major investor may have contributed to the recent decline in MGIC Investment's stock price.

Additionally, MGIC Investment Corporation has scheduled its first quarter 2025 earnings call, suggesting upcoming financial disclosures that might also affect the stock price. Investors are closely watching for any insights into the company's financial performance and future outlook, which could influence their investment decisions.