MGIC INVESTMENT CORP. (NYSE:MTG): Chairman and CEO Curt S. Culver Bought 80,000 Shares
Chairman and CEO of MGIC Investment Corp. (NYSE:MTG) Curt S. Culver bought 80,000 shares during the past week at an average price of $8.07. MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. MGIC Investment Corp. has a market cap of $1.62 billion; its shares were traded at around $8.07 with and P/S ratio of 1.07.
MGIC recently reported a net loss for the quarter ended March 31, 2011, of $33.7 million, compared with a net loss of $150.1 million for the same quarter a year ago. Diluted loss per share was $0.17 for the quarter ending March 31, 2011, compared to diluted loss per share of $1.20 for the same quarter a year ago.
John Griffin owns 9,900,600 shares as of Dec. 31, 2010, which accounts for 1.54% of the $6.56 billion portfolio of Blue Ridge Capital. John Keeley owns 63,270 shares as of Dec. 31, 2010, a decrease of 61.35% of from the previous quarter. This position accounts for 0.01% of the $6.25 billion portfolio of Keeley Fund Management. Donald Yacktman sold out his holdings in the quarter that ended on Dec. 31, 2010.
Buy: Executive VP & CFO Jon Michael Lauer bought 20,000 shares of MGIC stock on April 21, 2011, at the average price of $7.7. Jon Michael Lauer owns at least 597,003 shares after this. The price of the stock has increased by 4.81% since. Other insiders have also increased their positions in the company.
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