Mgic investment EVP Paula Maggio disposes of $606,000 in stock By Investing.com

Paula C. Maggio, Executive Vice President and General Counsel at MGIC investment Corp (), sold common stock totaling $606,000 on August 7, 2026.

The transaction involved the disposition of 20,000 shares at a price of $30.3 per share. This sale was executed under a Rule 10b5-1 trading plan, which Ms. Maggio adopted on February 27, 2026.

Following this transaction, Ms. Maggio directly holds 149,619.68 shares of MGIC investment Corp common stock. Additionally, an individual trust holds 110,422 shares indirectly for her benefit.The sale comes as MTG stock trades near $30.27, close to its 52-week high of $31.89. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate, placing it among companies on the Most Overvalued list. The company maintains a market cap of $6.22 billion and trades at a P/E ratio of 9.49. InvestingPro offers access to over 10 additional exclusive tips for MTG, along with comprehensive financial metrics to help investors make informed decisions.

In other recent news, MGIC investment Corp. reported its second-quarter earnings, surpassing Wall Street’s profit expectations. The company achieved adjusted earnings of $0.87 per share, exceeding the analyst estimate of $0.77 per share. However, revenue fell slightly short, coming in at $295.38 million compared to the forecasted $297.9 million. Despite the revenue miss, MGIC saw an 8.5% increase in new insurance written, reaching $18 billion, the highest since the third quarter of 2022. The company also raised its quarterly dividend to $0.17 per share, continuing a six-year trend of annual increases. Analysts noted that MGIC’s favorable loss reserve development and lower expenses contributed to the earnings beat. The management expressed confidence in maintaining operating expenses at the low end of their full-year range. Additionally, MGIC reported a net income of $182 million for the quarter, with a return on equity of 14.5% and a 10% increase in book value per share from the previous year.

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