Timothy J. Mattke, Chief Executive Officer of MGIC Investment Corp (NYSE:MTG), sold 139,163 shares of common stock on January 13, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a Rule 10b5-1 trading plan adopted on May 6, 2025, resulted in gross proceeds of $3.68 million. This insider transaction comes as MTG shares have experienced a significant 10.6% decline over the past week, with the stock currently trading at $26.12, slightly below InvestingPro's calculated Fair Value.
The transactions involved multiple sales at varying prices. Mattke sold 63,053 shares at a weighted average price of $25.888, with individual prices ranging from $25.625 to $26.560. An additional 52,145 shares were sold at an average price of $27.18, in a range of $26.665 to $27.660. Further sales included 3,020 shares at an average of $27.798 (range $27.720 - $27.840), 11,240 shares at $25.897 (range $25.647 - $26.632), 9,203 shares at $27.181 (range $26.671 - $27.660), and 542 shares at $27.774 (range $27.720 - $27.849).
Following these transactions, Mattke directly owns 822,588.401 shares of MGIC Investment Corp. Despite this insider selling, InvestingPro data reveals management has been aggressively buying back shares, reflecting confidence in the company's prospects. MTG maintains a healthy 2.33% dividend yield and has raised its dividend for 7 consecutive years while trading at an attractive P/E ratio of 8.4 with a GOOD overall financial health score. For comprehensive analysis, MTG is one of 1,400+ US equities covered by Pro Research Reports, offering detailed insights beyond standard financial data.
In other recent news, MGIC Investment Corp reported its third-quarter earnings for 2025, exceeding analysts' expectations with an earnings per share (EPS) of $0.83 compared to the forecasted $0.74. However, the company's revenue slightly missed projections, coming in at $304.5 million against the anticipated $307.93 million. These developments have caught the attention of investors as earnings results play a crucial role in assessing the company's financial health. While the earnings beat provided a positive surprise, the revenue shortfall highlights areas for potential improvement. Analysts from various firms continue to monitor MGIC's performance closely as such discrepancies can influence future evaluations and recommendations. The company's recent financial disclosures are significant for stakeholders and analysts alike as they provide insights into its operational performance. As MGIC navigates through these financial results, market participants remain attentive to further updates and announcements.