DOWLING & PARTN Forecasts MGIC Investment FY2026 Earnings

Key Points

• DOWLING & PARTN raised its FY2026 EPS forecast for MGIC Investment to $3.22 from $3.12, slightly above the $3.21 consensus. It also forecasts EPS of $3.20 in FY2027 and $3.30 in FY2028.
• MGIC reported quarterly EPS of $0.85, beating the $0.81 consensus, and revenue of $299.08 million, narrowly ahead of expectations. Revenue declined 1.8% year over year.
• Analyst sentiment remains cautious: MarketBeat reports a consensus Hold rating and a $31 average price target. MGIC also declared a quarterly dividend of $0.17 per share, equivalent to a 2.5% annualized yield.

MGIC Investment Corporation (NYSE:MTG - Free Report) - Equities research analysts at DOWLING & PARTN lifted their FY2026 earnings estimates for MGIC Investment in a research note issued on Tuesday, November 10th. DOWLING & PARTN analyst G. Dunn now expects that the insurance provider will earn $3.22 per share for the year, up from their previous estimate of $3.12. The consensus estimate for MGIC Investment's current full-year earnings is $3.21 per share. DOWLING & PARTN also issued estimates for MGIC Investment's FY2027 earnings at $3.20 EPS and FY2028 earnings at $3.30 EPS.

MGIC Investment (NYSE:MTG - Get Free Report) last released its earnings results on Wednesday, November 4th. The insurance provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. The firm had revenue of $299.08 million during the quarter, compared to analysts' expectations of $298.66 million. MGIC Investment had a net margin of 58.12% and a return on equity of 13.81%. MGIC Investment's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS.

A number of other brokerages have also recently issued reports on MTG. Barclays boosted their target price on MGIC Investment from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Friday, November 6th. Royal Bank Of Canada raised their price target on shares of MGIC Investment from $28.00 to $32.00 and gave the company a "sector perform" rating in a report on Friday, July 31st. Zacks Research lowered MGIC Investment from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 19th. Weiss Ratings upgraded MGIC Investment from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods upped their target price on MGIC Investment from $29.00 to $30.00 and gave the company a "market perform" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, MGIC Investment currently has a consensus rating of "Hold" and a consensus target price of $31.00.

MGIC Investment Stock Down 0.5%

Shares of NYSE:MTG opened at $27.73 on Friday. MGIC Investment has a 12-month low of $24.69 and a 12-month high of $31.89. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average price is $28.59 and its two-hundred day moving average price is $27.84. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.42 and a beta of 0.64.

MGIC Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, November 12th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, November 12th. MGIC Investment's dividend payout ratio is presently 21.12%.

Insider Activity

In related news, COO Salvatore Miosi sold 30,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $26.06, for a total value of $781,800.00. Following the sale, the chief operating officer owned 440,951 shares of the company's stock, valued at $11,491,183.06. This trade represents a 6.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy Mattke sold 137,114 shares of MGIC Investment stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $26.23, for a total value of $3,596,500.22. Following the sale, the chief executive officer directly owned 843,778 shares in the company, valued at approximately $22,132,296.94. This trade represents a 13.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 197,114 shares of company stock valued at $5,300,200 in the last 90 days. Insiders own 1.34% of the company's stock.

Hedge Funds Weigh In On MGIC Investment

Several large investors have recently bought and sold shares of the stock. Ethic Inc. increased its stake in shares of MGIC Investment by 3.9% during the third quarter. Ethic Inc. now owns 9,402 shares of the insurance provider's stock valued at $243,000 after acquiring an additional 351 shares during the period. Baird Financial Group Inc. lifted its position in MGIC Investment by 3.1% in the second quarter. Baird Financial Group Inc. now owns 13,092 shares of the insurance provider's stock worth $369,000 after purchasing an additional 392 shares during the period. Compound Planning Inc. lifted its position in MGIC Investment by 4.3% in the first quarter. Compound Planning Inc. now owns 10,392 shares of the insurance provider's stock worth $273,000 after purchasing an additional 433 shares during the period. Versant Capital Management Inc boosted its stake in MGIC Investment by 9.4% during the 3rd quarter. Versant Capital Management Inc now owns 5,917 shares of the insurance provider's stock valued at $153,000 after purchasing an additional 508 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in MGIC Investment by 2.4% during the 1st quarter. Lido Advisors LLC now owns 24,373 shares of the insurance provider's stock valued at $640,000 after purchasing an additional 574 shares in the last quarter. Institutional investors and hedge funds own 95.58% of the company's stock.

MGIC Investment Company Profile

MGIC Investment Corporation is a mortgage insurance company whose principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), provides private mortgage insurance to lenders. Its coverage helps protect lenders from losses if borrowers default on their mortgages and can help qualified borrowers purchase homes with smaller down payments. Founded in 1957 by Max H. Karl, MGIC is widely recognized as a pioneer in the private mortgage insurance industry. The company serves mortgage lenders and borrowers across the United States.

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