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Insider Selling at MGIC Investment (MTG) is Significant

05/11/2021 18:21

10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was a significant insider sale of MGIC Investment shares today, as disclosed in a filing with the SEC as -- James J Hughes, Officer -- disposed of 80,051 shares in the company having a market value of approximately $1,151,686 This is the first insider buy/sell trade in the past 90 days.

The number of buy-sell trades for MGIC Investment is close to that of the 8 member peer company average. The Property Insurance peer group saw 8 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares per buy/sell trade transacted by MGIC Investment insiders is higher. Within the peer group there were 0 shares purchased and 207,072 shares sold with company insiders selling 25,884 shares on average.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

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.