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MGIC Investment Corp. Message Board

  • kmx_swing kmx_swing Mar 7, 2013 2:06 PM Flag

    They do buy becuase they know.....you short because you do not... :)

    (Updated - March 7, 2013 1:06 PM EST)

    MGIC Investment Corp. (NYSE: MTG) CEO Curt Culver discloses the purchase of 50,000 shares on 03/07 at $5.15.

    It appears Mr. Culver bought the stock in the recent equity offering.

    Yesterday, MGIC priced the public offering and sale of 135 million shares of its common stock at a price of $5.15 per share. In a concurrent offering, the Company priced $450 million in aggregate principal amount of 2.00% convertible senior notes due 2020.

    In addition to the CEO, other executives also bought:

    VP Tim Mattke bought 10,000 shares
    EVP Lawrence Pierzchal bought 25,000 shares
    COO Patrick Sinks bought 30,000 shares
    EVP Jeffery Lane bought 35,000 shares
    CFO Jon Michael Lauer bought 50,000 shares

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