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Insider Trends: Insider Prolongs 90-Day Selling Trend at MGIC Investment

05/10/2021 08:53

12:49 PM EDT, 05/10/2021 (MT Newswires) -- James J Hughes, EVP-Sales&Bus. Dev-Mtg Gty Ins, sold 80,051 shares in MGIC Investment (MTG) for $1,151,686 on May 07, 2021. Following the Form 4 filing with the SEC, Hughes controls a total of 419,503 shares of company stock, with 265,500 shares held directly and 154,003 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $6.04 million.

During the most recent 90-day period, prior to the date of this filing, there have been 13 insider transactions reported to the SEC for MGIC Investment. These transactions came from the activities of 7 different insiders that resulted in a net disposition of 120,094 company shares. This compares with the preceding 90-day window of time where there are no insider transactions for the company.

This is less than the average level of insider transactions in the 8-company Property Insurance peer group over the last 90-day period. Activity in the peer group averaged 103.8 transactions per company, and disposition of 1,627,036 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/876437/000156218021003356/xslF345X03/primarydocument.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.