SEC Form SC 13G/A filed by MGIC Investment Corporation (Amendment)

2/9/23 12:01:00 PM ET

Property-Casualty Insurers

Finance

Get the next $MTG alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.2 MGIC INVESTMENT CORP COMMON STOCK Cusip #552848103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #552848103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 13,858,065 Item 6: 0 Item 7: 14,638,581 Item 8: 0 Item 9: 14,638,581 Item 11: 4.928% Item 12: HC Cusip #552848103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 14,638,581 Item 8: 0 Item 9: 14,638,581 Item 11: 4.928% Item 12: IN Item 1(a). Name of Issuer: MGIC INVESTMENT CORP Item 1(b). Address of Issuer's Principal Executive Offices: 250 East Kilbourn Avenue Milwaukee, WI 53202 Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 552848103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 14,638,581 (b) Percent of Class: 4.928% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 14,638,581 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of MGIC INVESTMENT CORP. No one other person's interest in the COMMON STOCK of MGIC INVESTMENT CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing orinfluencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 2023 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC IA Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 9, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of MGIC INVESTMENT CORP at December 30, 2022. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January, 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $MTG alert in real time by email

Recent Analyst Ratings for

$MTG

Date	Price Target	Rating	Analyst
2/5/2025	$24.00 → $27.00	Buy → Neutral	Compass Point
12/10/2024	$29.00 → $29.00	Outperform → Mkt Perform	Keefe Bruyette
12/9/2024	$25.00	Buy → Underperform	BofA Securities
6/3/2024	$24.00 → $25.00	Mkt Perform → Outperform	Keefe Bruyette
4/4/2024	$23.50 → $24.00	Outperform → Mkt Perform	Keefe Bruyette
12/6/2023	$18.50	Neutral	UBS
11/15/2023	$19.00	Equal Weight	Barclays
7/6/2023	$17.00 → $15.70	Outperform → Sector Perform	RBC Capital Mkts

More analyst ratings

SEC Form SC 13G/A filed by MGIC Investment Corporation (Amendment)

2/9/23 12:01:00 PM ET

$MTG

Property-Casualty Insurers

Finance

Get the next $MTG alert in real time by email

Recent Analyst Ratings for

$MTG

Date	Price Target	Rating	Analyst
2/5/2025	$24.00 → $27.00	Buy → Neutral	Compass Point
12/10/2024	$29.00 → $29.00	Outperform → Mkt Perform	Keefe Bruyette
12/9/2024	$25.00	Buy → Underperform	BofA Securities
6/3/2024	$24.00 → $25.00	Mkt Perform → Outperform	Keefe Bruyette
4/4/2024	$23.50 → $24.00	Outperform → Mkt Perform	Keefe Bruyette
12/6/2023	$18.50	Neutral	UBS
11/15/2023	$19.00	Equal Weight	Barclays
7/6/2023	$17.00 → $15.70	Outperform → Sector Perform	RBC Capital Mkts

More analyst ratings

SEC Form SC 13G/A filed by MGIC Investment Corporation (Amendment)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$MTG

SEC Form SC 13G/A filed by MGIC Investment Corporation (Amendment)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$MTG

$MTG
Press Releases

MGIC Investment Corporation Receives Moody's Ratings Upgrades

MGIC Investment Corporation Reports Second Quarter 2025 Results

MGIC Investment Corporation Announces an Increase to Quarterly Dividend

$MTG
Analyst Ratings

MGIC Investment downgraded by Compass Point with a new price target

MGIC Investment downgraded by Keefe Bruyette

MGIC Investment downgraded by BofA Securities with a new price target

$MTG
Insider Trading

Chief Executive Officer Mattke Timothy J. sold $3,693,988 worth of shares (139,203 units at $26.54), decreasing direct ownership by 11% to 1,100,994 units (SEC Form 4)

EVP and General Counsel Maggio Paula C sold $530,800 worth of shares (20,000 units at $26.54), decreasing direct ownership by 13% to 137,395 units (SEC Form 4)

President & COO Miosi Salvatore A sold $786,600 worth of shares (30,000 units at $26.22), decreasing direct ownership by 11% to 249,401 units (SEC Form 4)

$MTG
SEC Filings

SEC Form 10-Q filed by MGIC Investment Corporation

MGIC Investment Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Amendment: SEC Form SCHEDULE 13G/A filed by MGIC Investment Corporation

$MTG
Financials

MGIC Investment Corporation Reports Second Quarter 2025 Results

MGIC Investment Corporation Announces an Increase to Quarterly Dividend

MGIC Investment Corporation Schedules 2nd Quarter 2025 Earnings Call

$MTG
Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by MGIC Investment Corporation

SEC Form SC 13G filed by MGIC Investment Corporation