Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
Salvatore A. Miosi, the President and Chief Operating Officer of MGIC Investment Corp (NYSE:MTG), recently sold 30,000 shares of the company’s common stock. The transaction, which took place on June 5, 2025, was executed at a weighted average price of $26.037 per share, amounting to a total value of approximately $781,110. The sale comes as MTG trades near its 52-week high of $26.92, with the company maintaining a strong market capitalization of $6.2 billion and trading at an attractive P/E ratio of 8.6x.
Following this sale, Miosi holds 309,401.361 shares directly. Additionally, there are 384,844 shares held indirectly by a family trust. The transaction was conducted under a Rule 10b5-1 trading plan, which Miosi adopted on March 6, 2025. According to InvestingPro analysis, MTG shows strong financial health with a "GREAT" overall rating, and the stock appears slightly undervalued based on Fair Value calculations. InvestingPro subscribers can access 8 additional key insights about MTG’s financial outlook and growth potential.
In other recent news, MGIC Investment Corp reported its Q1 2025 earnings, showcasing a stronger-than-expected performance with an earnings per share (EPS) of $0.75, surpassing the anticipated $0.69. Despite this positive EPS result, the company slightly missed its revenue expectations, reporting $306.23 million compared to the forecasted $306.52 million. The company’s net income reached $186 million, and it maintained a significant insurance in force of $294 billion. MGIC also highlighted a decrease in operating expenses to $53 million from $61 million the previous year. The company continues to focus on share repurchases as a primary method of capital return, having repurchased 9.2 million shares for $224 million in the first quarter. Additionally, MGIC maintains strong underwriting standards with $10 billion in new insurance written. Analysts have not reported any upgrades or downgrades for MGIC, but the company remains committed to strategic initiatives and prudent risk management. These recent developments reflect MGIC’s solid market position and ongoing operational efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.