MGIC EVP Maggio Sells 20,000 Shares at $26.54/Share on 2023-08-04

MGIC Investment Corp (MTG) has announced that Executive Vice President and General Counsel Paula C. Maggio has sold 20,000 shares at $26.54 per share on August 4, 2025.

MGIC Investment Corp (MTG) has announced that Executive Vice President and General Counsel Paula C. Maggio has sold 20,000 shares at $26.54 per share on August 4, 2025. The sale was made under Rule 144, indicating that the shares were eligible for public resale. This marks the second time Maggio has sold a similar block of shares, with the previous sale occurring on May 30, 2025, for $529,728.

The shares sold represent approximately 0.009% of MTG's total outstanding shares, which amount to 230.5 million. The filing, which was made on July 25, 2025, also disclosed that MTG had repurchased an additional 2.6 million shares for $68 million of holding company cash through July 25, 2025.

This latest sale comes amidst positive earnings reports for MTG. In the second quarter of 2025, MTG reported operating net income per share of $0.82, beating the Zacks Consensus Estimate by 17.1% and increasing 6.5% year over year. Total operating revenues of $306 million remained flat year over year, while net premiums written increased 1.7% to $237.4 million, surpassing the estimate of $230.9 million. The insurer also saw a 4.6% year-over-year increase in primary delinquency to 24,444 loans.

In terms of financial performance, book value per share increased 12.9% to $22.11 as of June 30, 2025. Shareholder equity was $5.2 billion, down 0.3% from 2024-end. The company's PMIERs available assets totaled $5.7 billion, or $2.4 billion above its Minimum Required Assets as of June 30, 2025.

[1] https://www.tradingview.com/news/zacks:2c47e6b5e094b:0-mgic-investment-shares-gain-2-3-as-q2-earnings-top-estimates/
[2] https://www.stocktitan.net/sec-filings/PAYC/8-k-paycom-software-inc-reports-material-event-a98489ad3729.html