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