MGIC Investment Corp. (MTG)

[tommiegun54]

MGIC INSIDERS BUY/HOLD MTG - OTHER PMI'S INSIDERS SELL

Over the last two months employees at Essent Guaranty, NMI HOLDINGS and RADIAN have been selling their shares, resulting in many transactions. The insider sales may have spooked the market.

BUT, my research has revealed, that with the exception of Patrick Sinks and one other employee who on OCTOBER 28, 2019 sold 5000 shares, MGIC INVESTMENT INSIDERS ARE buying and HOLDING AND NOT SELLING THEIR MTG SHARES.

IT IS MY BELIEF THE MGIC INSIDERS ARE HOLDING SHARES WITH EXPECTATION OF HIGHER PRICES.

INSIDERS know more about what is going on inside a company. If, you recall MGIC HAS a new chief executive officer, TIM Mattke who showed impressive growth RESULTS in Q3 2019.

MGIC HAS amassed a significant amount of excess capital, which gives the company a lot of options. For deployment through strategic opportunities.

Bottomline: I am HOLDING my options open/shares along with MGIC INSIDERS.

**Most data for this story was gathered from MarketWatch and Yahoo Finance.