Wellington Management Amends MGIC Investment Stake

Ticker: MTG · Form: SC 13G/A · Filed: 2024-02-08T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, investor-update

TL;DR

**Wellington Management Group LLP updated their MGIC Investment Corp holdings, signaling continued institutional interest.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, filed an amended SC 13G/A on February 8, 2024, indicating their beneficial ownership of MGIC Investment Corp (MGIC) common stock as of December 29, 2023. This filing, an amendment number 3, updates their previous disclosures regarding their stake in the surety insurance company. For investors, this matters as it provides transparency into a significant institutional holder's position, potentially signaling their long-term confidence or a change in their investment thesis in MGIC.

Why It Matters

This filing shows that a major institutional investor, Wellington Management Group LLP, continues to hold a significant position in MGIC Investment Corp, providing insight into their ongoing investment strategy.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk events for the company.

Analyst Insight

Investors should note Wellington Management Group LLP's continued presence as a significant holder in MGIC Investment Corp, which could be a positive signal of institutional confidence, but should conduct further due diligence on MGIC's fundamentals.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who is the reporting person in this SC 13G/A filing?

The reporting person is Wellington Management Group LLP, as stated in 'NAMES OF REPORTING PERSONS Wellington Management Group LLP'.

What is the name of the issuer whose securities are being reported?

The issuer is MGIC INVESTMENT CORP, as identified under '(Name of Issuer) MGIC INVESTMENT CORP'.

What is the CUSIP number for the class of securities reported in this filing?

The CUSIP number is 552848103, as specified under 'CUSIP No. 552848103'.

What was the date of the event that required this filing?

The date of the event which required this filing was December 29, 2023, as stated in 'December 29, 2023 (Date of Event Which Requires Filing of this Statement)'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)'.

Filing Stats: 1,779 words · 7 min read · ~6 pages · Grade level 9.8 · Accepted 2024-02-08 10:21:26

Filing Documents

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 ) * MGIC INVESTMENT CORP (Name of Issuer) Common Stock (Title of Class of Securities) 552848103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 552848103 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 7,704,069 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,473,747 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,473,747 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.42% 12. TYPE OF REPORTING PERSON HC CUSIP No. 552848103 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 7,704,069 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,473,747 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,473,747 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.42% 12. TYPE OF REPORTING PERSON HC CUSIP No. 552848103 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 7,704,069 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,473,747 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,473,747 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.42% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer MGIC INVESTMENT CORP (b) Address of Issuer's Principal Executive Offices 250 East Kilbourn Avenue Milwaukee, WI 53202 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 552848103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule

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