Jefferies Financial Group Inc. Has $10.66 Million Stake in MGIC Investment Corporation $MTG

Jefferies Financial Group Inc. raised its holdings in MGIC Investment Corporation (NYSE:MTG) by 245.3% in the fourth quarter, Holdings Channel reports. The fund owned 364,650 shares of the insurance provider’s stock after acquiring an additional 259,039 shares during the period. Jefferies Financial Group Inc.’s holdings in MGIC Investment were worth $10,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in MGIC Investment in the third quarter valued at about $28,000. SBI Securities Co. Ltd. grew its stake in MGIC Investment by 61.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,041 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 395 shares during the period. V Square Quantitative Management LLC acquired a new position in MGIC Investment in the fourth quarter valued at about $36,000. Whittier Trust Co. of Nevada Inc. grew its stake in MGIC Investment by 58.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,365 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 501 shares during the period. Finally, Root Financial Partners LLC acquired a new position in MGIC Investment in the third quarter valued at about $38,000. 95.58% of the stock is owned by institutional investors and hedge funds.

Key MGIC Investment News

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for MGIC Investment to $3.13 from $3.09, and also nudged Q1 2027 estimates higher to $0.81 from $0.80, suggesting slightly better near-term earnings expectations.
• Positive Sentiment: The firm also increased its Q3 2026 estimate to $0.79 from $0.78 and Q4 2027 estimate to $0.88 from $0.87, reinforcing the view that MGIC Investment’s earnings profile remains resilient.
• Neutral Sentiment: Even after the revisions, Zacks Research’s forecasts remain close to consensus, with full-year current earnings still expected at $3.06 per share, so the changes are incremental rather than a major outlook shift.
• Negative Sentiment: Zacks Research cut its Q2 2027 EPS estimate to $0.82 from $0.86, and trimmed FY2027 earnings to $3.35 from $3.37, which may have added some pressure on the stock.
• Negative Sentiment: The analyst also lowered its Q1 2028 estimate to $0.87 from $0.88, a small reduction that adds to the mixed tone of the overall revisions.

Insider Activity

In other news, CEO Timothy J. Mattke sold 139,202 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total transaction of $3,687,460.98. Following the completion of the transaction, the chief executive officer directly owned 1,118,005 shares of the company’s stock, valued at $29,615,952.45. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 10,931 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.25, for a total value of $286,938.75. Following the transaction, the chief operating officer directly owned 590,951 shares of the company’s stock, valued at $15,512,463.75. This represents a 1.82% 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 owned by corporate insiders.

MGIC Investment Stock Up 0.1%

MTG stock opened at $26.04 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $5.51 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.78 and a beta of 0.71. The business has a 50-day moving average of $26.78 and a 200-day moving average of $27.40. MGIC Investment Corporation has a fifty-two week low of $24.77 and a fifty-two week high of $29.97.

MGIC Investment (NYSE:MTG) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. The company had revenue of $297.08 million during the quarter, compared to analysts’ expectations of $303.12 million. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.MGIC Investment’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, sell-side analysts anticipate that MGIC Investment Corporation will post 3.08 earnings per share for the current fiscal year.

MGIC Investment declared that its Board of Directors has approved a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

MGIC Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, May 6th. MGIC Investment’s dividend payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on MGIC Investment in a research note on Friday. They issued a “sector perform” rating and a $28.00 target price for the company. UBS Group decreased their target price on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Barclays decreased their target price on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Weiss Ratings cut MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, February 5th. Finally, Keefe, Bruyette & Woods boosted their target price on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, MGIC Investment presently has a consensus rating of “Hold” and a consensus target price of $28.25.

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.