MGIC Investment CEO sells shares as analysts set USD 30.60 target for MTG stock

Published on 10/05/2026 at 02:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

COO Salvatore Miosi sold 30,000 shares for USD 781,800 on October 1, 2026. MGIC Investment declared a USD 0.17 quarterly dividend for MTG stock.

MTG, US5528481030, Illustration mit AI erstellt.

MGIC Investment Corporation (US5528481030) CEO Timothy Mattke sold 137,114 shares for USD 3.60 million in a transaction dated October 1, 2026, while analysts kept a USD 30.60 average target for MTG stock. MarketBeat reported the sale and consensus on October 2, 2026.

Insider sales reach USD 4.38 million

Mattke's sale reduced his direct holding by 13.98 percent, and the transaction followed a pre-arranged Rule 10b5-1 trading plan, according to MarketBeat. COO Salvatore Miosi sold 30,000 shares for USD 781,800 at an average USD 26.06, leaving him with 440,951 shares, as MarketBeat reported on October 2, 2026.

Combined, the two disclosed transactions totaled USD 4.38 million. Both sales were executed under pre-arranged trading plans, which separates the disclosures from an open-market statement about the company's operating outlook.

Second-quarter earnings beat estimates

MGIC Investment reported USD 0.87 adjusted earnings per share in the second quarter of 2026, above the USD 0.76 consensus estimate, while revenue fell 2.90 percent year over year to USD 295.39 million, according to MarketBeat. The earnings comparison is mixed: profitability exceeded expectations, but revenue trailed the USD 297.54 million estimate.

A separate filing summary reports USD 182.1 million of net income and USD 17.8 billion of new insurance written for the second quarter of 2026. Insurance in force reached USD 304.8 billion, while the loss ratio was 4.60 percent, according to StockTitan.

Capital return meets valuation context

MGIC Investment declared a quarterly dividend of USD 0.17, up from USD 0.15, and its board authorized a USD 750 million share repurchase program through December 31, 2028, according to StockTitan. The capital-return figures provide an important counterweight to the insider-sale headlines.

As of October 2, 2026, MGIC Investment had a USD 5.5 billion market capitalization and a USD 24.69 to USD 31.89 52-week range. Lang & Schwarz lists a prior close of EUR 23.90 for the October 2, 2026 trading day.