Mgic Investment Corp (MTG) Stock Split History

Mgic Investment Corp has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on December 03, 1993 with the ratio of 2-for-1, meaning that for 1 share of MTG owned pre-split, shareholders then owned 2 shares. The most recent stock split took place on June 03, 1997 on a 2-for-1 basis.

These actions have increased MTG stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Mgic Investment Corp's total market capitalization.

For more detailed information of Mgic Investment Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Mgic Investment Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when MTG stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Mgic Investment Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.