The sale amount is small relative to market cap and falls below the 0.1% materiality floor, suggesting routine portfolio diversification rather than a bearish signal. However, the CEO's sale of 137K shares is the largest in dollar terms — monitor for any upcoming 8-K disclosing adverse business developments, and compare future filings for any acceleration in insider sales.
Price Chart
Executive Summary
The CEO and President/COO of MGIC Investment Corp sold a total of $5.08M in open-market shares over a 3-day window, representing ~0.08% of the company's $6.2B market cap. While the dollar amount is modest relative to market cap, the cluster involves the two most senior executives selling concurrently — a pattern that historically carries modest negative signal, though insider sales are typically less informative than buys.
Key Financial Metrics
Key Facts
- CEO Timothy Mattke sold 137,113 shares at $30.52 on 2026-08-05 for $4.18M
- President & COO Salvatore Miosi sold 30,000 shares at $29.70 on 2026-08-03 for $891K
- Total insider sales = $5.08M, ~0.08% of $6.2B market cap
- Cluster occurred within a 3-day window (Aug 3-5, 2026)
- No insider buys in the cluster; net direction is selling
Financial Impact
$5.08M in insider sales, ~0.08% of market cap — below the 0.1% materiality threshold
Risk Factors
- CEO and COO concurrently selling may indicate reduced conviction in near-term outlook
- Historically, insider cluster sells have limited predictive power vs buys per academic literature
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MTG-1786082905642 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | Insider Cluster | $30.35 $30.87 | ▲ +1.71% | ▲ +2.77% | $27.24 (−10.26%) |
Aug 6, 2026 8w ago | Insider Cluster | $30.26 $31.47 | ▲ +4.00% | ▲ +3.40% | $27.24 (−10.00%) |
Jul 23, 2026 10w ago | Press Release | $28.96 $30.71 | ▲ +6.04% | ▲ +2.73% | $27.24 (−5.96%) |
Jul 2, 2026 13w ago | Insider Cluster | $28.23 $30.45 | ▲ +7.86% | ▲ +8.28% | $27.24 (−3.52%) |
Jun 22, 2026 14w ago | Institutional Cluster | $26.30 $29.47 | ▲ +12.05% | ▲ +12.20% | $27.24 (+3.56%) |
Apr 1, 2026 26w ago | Insider Cluster | $26.11 $29.13 | ▼ −11.57% | ▼ −1.84% | $27.24 (−4.31%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access