Mgic investment CFO sells $589,600 in shares

Executive Vice President, Chief Financial Officer, and Chief Risk Officer Nathaniel H. Colson of MGIC Investment Corp., sold 20,000 shares of the company's common stock on September 24, 2026. Colson's sale, executed under a pre-approved Rule 10b5-1 trading plan, amounted to $589,600, with each share priced at $29.48. Post-sale, Colson directly holds 321,225.972 shares of MGIC's common stock.

Currently, the stock price stands at $28.48, reflecting a P/E ratio of 8.89. MGIC has been actively repurchasing shares, contributing to a high shareholder yield, alongside a dividend yield of 2.39%. The company's recent second-quarter earnings exceeded Wall Street's expectations, with adjusted earnings of $0.87 per share, compared to the estimated $0.77.

Revenue, however, fell slightly short at $295.38 million, compared to the forecasted $297.9 million. Despite the revenue shortfall, MGIC reported an 8.5% increase in new insurance written, reaching $18 billion, the highest since Q3 2022. The company also announced a dividend increase to $0.17 per share, marking the sixth consecutive annual hike.

BTIG recently initiated coverage on MGIC Investment with a Neutral rating, acknowledging strong operating fundamentals but noting a lack of immediate catalysts for share price appreciation. The company's stock was also impacted by comments from the Federal Housing Finance Agency’s director regarding private mortgage insurance policies and Radian Group.

These developments illustrate a blend of solid financial performance and external factors influencing investor sentiment. This report, generated with AI assistance and reviewed by an editor, provides a comprehensive overview of MGIC Investment Corp.'s recent activities and market response.