Buyback Radar

MGIC Investment

MTG

MGIC Investment has retired 44.7% of its shares since 2017, from 370,862,190 to 205,124,840.

44.7%retired since 2017
39.5%last 5 years
11.0%last 12 months
205Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 1999half gone 1999three quarters gone 2005371M shares, 2017205M200020052010201520202025
1999, 109,002,3582026-07-24, 205,124,840
A share bought in 2013
1.6× more of MGIC Investment today, without buying another share. It was one of 338,036,029 shares then. It is one of 205,124,840 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-02-01109,002,35810-Kcover page
20002000-02-01105,778,43410-Kcover page
20012001-02-01106,858,74710-Kcover page
20022002-02-15106,278,86010-K405cover page
20032003-02-1599,243,73110-Kcover page
20042004-02-1398,682,74610-Kcover page
20052005-02-1595,463,84810-Kcover page
20062006-02-1587,490,80610-Kcover page
20072007-02-1583,038,99310-Kcover page
20082008-02-2982,019,16610-K/Acover page
20092009-12-31125,101,05710-K
20102011-02-15201,115,25710-K
20112012-02-15201,467,07510-K
20122013-02-15202,304,24510-K
20132014-02-14338,036,02910-K
20142015-02-13338,920,96310-K
20152016-02-12340,008,56910-K
20162017-02-15340,990,12110-K
20172018-02-16370,862,19010-K
20182019-02-15355,636,28410-K
20192020-02-14345,852,63110-K
20202021-02-19338,779,66610-K
20212022-02-18315,605,04010-K
20222023-02-17290,428,42210-K
20232024-02-16269,669,66710-K
20242025-02-21242,706,65810-K
20252026-02-20214,953,36010-K

Source: all 10-K filings of MGIC Investment on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2018cash flow statement against share count
$2.8Bspent on buybacks
166Mfewer shares outstanding
$17spent per share that actually disappeared
$183Mpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like MGIC Investment in depth on Cannibal Stocks.

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