MGIC Investment (NYSE:MTG - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $306.66 million for the quarter.
MGIC Investment (NYSE:MTG - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. MGIC Investment had a return on equity of 14.86% and a net margin of 63.18%. On average, analysts expect MGIC Investment to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
MGIC Investment Price Performance
Shares of MTG traded up $0.23 during trading hours on Monday, hitting $24.45. The stock had a trading volume of 278,338 shares, compared to its average volume of 2,259,449. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 8.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.48 and a quick ratio of 1.25. The company's fifty day moving average is $23.86 and its two-hundred day moving average is $24.45. MGIC Investment has a 52 week low of $20.01 and a 52 week high of $26.56.
MGIC Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, May 8th. This represents a $0.52 annualized dividend and a yield of 2.13%. MGIC Investment's dividend payout ratio is 17.93%.
MGIC Investment declared that its board has initiated a share repurchase plan on Thursday, April 24th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.
Insider Activity
In other news, CAO Julie K. Sperber sold 4,600 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $24.55, for a total value of $112,930.00. Following the transaction, the chief accounting officer now owns 75,070 shares of the company's stock, valued at $1,842,968.50. This represents a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.05% of the company's stock.
Wall Street Analyst Weigh In
MTG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on MGIC Investment from $28.00 to $26.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Barclays raised their target price on MGIC Investment from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. UBS Group upped their price target on shares of MGIC Investment from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Compass Point reissued a "neutral" rating and set a $27.00 price objective (up previously from $24.00) on shares of MGIC Investment in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.50.
Get Our Latest Stock Analysis on MTG
MGIC Investment Company Profile
(
Get Free Report)
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.
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