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Paula C. Maggio, Executive Vice President and General Counsel at MGIC Investment Corp (NYSE:MTG), sold 20,000 shares of the company’s common stock on May 30, 2025. The shares were sold at a weighted average price of $26.4864, amounting to a total transaction value of $529,728. Following the sale, Maggio holds 157,394.68 shares directly. The transaction occurred with MTG trading near its 52-week high of $26.92, amid a strong year-to-date return of 12.7%. According to InvestingPro analysis, MTG currently maintains a "GREAT" financial health score.
The transaction was executed under a Rule 10b5-1 trading plan, which was adopted on February 28, 2025. The shares were sold in multiple transactions at prices ranging from $26.3765 to $26.5872. In addition to her direct holdings, Maggio also indirectly owns 110,422 shares through an individual trust. With a market capitalization of $6.23 billion and an attractive P/E ratio of 8.62, MTG shows promising fundamentals. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, offering deep-dive analysis of MTG’s valuation and growth prospects.
In other recent news, MGIC Investment Corp reported its Q1 2025 earnings, showcasing a notable performance with earnings per share (EPS) of $0.75, surpassing the forecasted $0.69. Despite a slight miss on revenue, coming in at $306.23 million compared to the expected $306.52 million, the company’s overall financial health remained robust. MGIC maintained strong underwriting standards, with $10 billion in new insurance written and operating expenses reduced to $53 million from $61 million the previous year. The company reported a net income of $186 million and an annualized return on equity of 14.3%, reflecting its strong position in the private mortgage insurance sector. Analysts noted MGIC’s continued capital management strategy, focusing on share repurchases and dividends as primary methods of capital return. MGIC’s leadership emphasized the importance of maintaining relationships with key stakeholders, including the new FHFA Director. The company is also monitoring potential impacts of economic uncertainties and regulatory changes on its operations. Looking forward, MGIC expects stable future EPS forecasts, supported by operational efficiency and favorable market conditions.
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