South Dakota Investment Council Purchases 76,800 Shares of MGIC Investment Corporation $MTG

South Dakota Investment Council boosted its position in shares of MGIC Investment Corporation (NYSE:MTG) by 29.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 335,644 shares of the insurance provider’s stock after acquiring an additional 76,800 shares during the period. South Dakota Investment Council’s holdings in MGIC Investment were worth $8,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jefferies Financial Group Inc. lifted its holdings in shares of MGIC Investment by 245.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 364,650 shares of the insurance provider’s stock valued at $10,655,000 after acquiring an additional 259,039 shares during the period. Geode Capital Management LLC lifted its holdings in MGIC Investment by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 5,371,470 shares of the insurance provider’s stock valued at $163,368,000 after purchasing an additional 146,589 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in MGIC Investment in the fourth quarter valued at about $24,456,000. Norges Bank bought a new stake in MGIC Investment during the fourth quarter worth about $96,248,000. Finally, Assetmark Inc. grew its stake in MGIC Investment by 21.8% during the fourth quarter. Assetmark Inc. now owns 2,038,558 shares of the insurance provider’s stock worth $59,567,000 after buying an additional 364,406 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MTG. Royal Bank Of Canada started coverage on shares of MGIC Investment in a research note on Friday, May 22nd. They issued a “sector perform” rating and a $28.00 target price for the company. Keefe, Bruyette & Woods raised their price target on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Friday, April 10th. Roth Capital reiterated a “buy” rating and issued a $35.00 price objective on shares of MGIC Investment in a research report on Thursday. Barclays reduced their price objective on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, MGIC Investment currently has an average rating of “Hold” and a consensus price target of $29.60.

Insider Buying and Selling

In other news, EVP Paula C. Maggio sold 20,937 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $25.55, for a total value of $534,940.35. Following the transaction, the executive vice president directly owned 169,620 shares in the company, valued at $4,333,791. This trade represents a 10.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 30,000 shares of MGIC Investment stock in a transaction on Monday, June 8th. The stock was sold at an average price of $25.38, for a total value of $761,400.00. Following the sale, the chief operating officer directly owned 560,951 shares of the company’s stock, valued at approximately $14,236,936.38. This trade represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.34% of the stock is currently owned by company insiders.

Key Headlines Impacting MGIC Investment

Here are the key news stories impacting MGIC Investment this week:

• Positive Sentiment: MGIC reported second-quarter 2026 adjusted net operating income of $183.7 million, or $0.87 per diluted share, versus the $0.74–$0.76 analyst consensus. Earnings also increased from $0.82 per share in the year-ago quarter. MGIC Investment Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Management highlighted disciplined execution and a 14.5% return on equity, while the company posted a 59.63% net margin. These results support the case for continued financial strength and capital generation. MGIC Q2 Earnings Snapshot
• Positive Sentiment: Zacks Research modestly raised its estimate for first-quarter 2028 earnings to $0.84 per share from $0.83, indicating slightly improved longer-term expectations. Full-year earnings consensus remains $3.05 per share.
• Neutral Sentiment: MGIC’s reported net income was $182.1 million, or $0.86 per diluted share. The company’s valuation remains relatively low at approximately 9.7 times earnings, which may appeal to value-oriented investors.
• Negative Sentiment: Second-quarter revenue of $295.39 million was slightly below the $297.54 million consensus and declined 2.9% year over year. The revenue shortfall and lack of top-line growth may be limiting the stock’s response to the earnings beat. MGIC Investment Q2 Earnings Beat Estimates

MGIC Investment Price Performance

MGIC Investment stock opened at $30.42 on Friday. The business’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $26.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 2.11 and a beta of 0.67. MGIC Investment Corporation has a 12-month low of $24.69 and a 12-month high of $31.89.

MGIC Investment (NYSE:MTG) last released its earnings results on Wednesday, July 29th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $295.39 million for the quarter, compared to the consensus estimate of $297.54 million. MGIC Investment had a net margin of 59.20% and a return on equity of 13.83%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts anticipate that MGIC Investment Corporation will post 3.05 earnings per share for the current year.

MGIC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This is a boost from MGIC Investment’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. MGIC Investment’s payout ratio is 19.05%.

MGIC Investment declared that its board has initiated a stock buyback program on Thursday, April 23rd that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 12.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

MGIC Investment Company Profile

MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.