SCHEDULE 13G/A: First Trust Entities Disclose 2.34% Passive Stake in MGIC Investment Corporation

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an amended Schedule 13G, disclosing a passive beneficial ownership of 2.34% in MGIC Investment Corporation as of March 31, 2025.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an amended Schedule 13G regarding their beneficial ownership in MGIC Investment Corporation.
• As of March 31, 2025, the reporting persons collectively beneficially own 5,671,879 shares of MGIC Investment Corporation's Common stock.
• This represents 2.34% of the total class of securities.
• The shares are stated to be held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts which hold shares of the issuer, while First Trust Advisors L.P. acts as portfolio supervisor for these trusts and investment advisor/sub-advisor for other registered investment companies, pooled investment vehicles, and/or separately managed accounts holding shares.
• The reporting persons disclaim beneficial ownership of the shares, noting that shares held by unit investment trusts are voted by the trustee, not by First Trust entities.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Disclosure of a significant, albeit passive, ownership stake by institutional investors provides transparency regarding the shareholder base.

Key Dates

Keywords

SEC filing, Schedule 13G, beneficial ownership, MGIC Investment Corporation, First Trust Portfolios L.P., First Trust Advisors L.P., The Charger Corporation, common stock, institutional ownership, passive investment