MGIC Investment Stake Reduced by First Trust Advisors

Institutional investor cuts position in mortgage insurance provider

Published on Mar. 9, 2026

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First Trust Advisors LP, an investment management firm, has reduced its stake in MGIC Investment Corporation (NYSE: MTG) by 37.9% during the third quarter, according to a recent SEC filing. The firm now owns 4,533,012 shares of the insurance provider's stock, down from 7,302,263 shares previously.

Why it matters

MGIC Investment is a leading provider of private mortgage insurance in the United States, playing a key role in enabling homeownership by insuring mortgage loans against default. The reduction in First Trust Advisors' stake could signal a shift in investor sentiment or portfolio adjustments, which may impact the company's stock performance and market position.

The details

According to the 13F filing, First Trust Advisors sold 2,769,251 shares of MGIC Investment during the third quarter, reducing its ownership stake in the company from 3.27% to 2.03%. The investment firm cited portfolio rebalancing and other factors for the decision to trim its position in the mortgage insurance provider.

  • First Trust Advisors filed the 13F report disclosing the stake reduction on March 9, 2026.
  • The stake reduction occurred during the third quarter of the previous year.

The players

First Trust Advisors LP

An investment management firm that has reduced its stake in MGIC Investment Corporation.

MGIC Investment Corporation

A leading provider of private mortgage insurance in the United States, helping lenders manage credit risk and facilitate homeownership.

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The takeaway

The reduction in First Trust Advisors' stake in MGIC Investment Corporation could signal a shift in investor sentiment or portfolio adjustments, which may impact the company's stock performance and market position in the mortgage insurance industry.