Brokers Issue Forecasts for MGIC Investment Q2 Earnings

MGIC Investment Co. (NYSE:MTG - Free Report) - Equities researchers at Zacks Research lifted their Q2 2025 earnings estimates for MGIC Investment in a note issued to investors on Monday, May 19th. Zacks Research analyst R. Department now anticipates that the insurance provider will earn $0.68 per share for the quarter, up from their previous estimate of $0.67. The consensus estimate for MGIC Investment's current full-year earnings is $2.71 per share. Zacks Research also issued estimates for MGIC Investment's Q4 2025 earnings at $0.71 EPS, Q2 2026 earnings at $0.77 EPS, Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $2.95 EPS and Q1 2027 earnings at $0.93 EPS.

Other equities research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reduced their target price on shares of MGIC Investment from $28.00 to $26.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Compass Point raised their price target on shares of MGIC Investment from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday. UBS Group raised their price target on shares of MGIC Investment from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Finally, Barclays raised their price target on shares of MGIC Investment from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.63.

MGIC Investment Trading Down 0.4%

Shares of MTG traded down $0.12 during midday trading on Wednesday, hitting $26.02. The stock had a trading volume of 1,365,109 shares, compared to its average volume of 1,797,864. MGIC Investment has a 1 year low of $20.11 and a 1 year high of $26.92. The firm has a market cap of $6.18 billion, a PE ratio of 8.97 and a beta of 0.91. 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 stock's 50 day moving average is $24.80 and its 200 day moving average is $24.57.

MGIC Investment (NYSE:MTG - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. MGIC Investment had a net margin of 63.18% and a return on equity of 14.86%. The business had revenue of $306.23 million for the quarter, compared to the consensus estimate of $306.66 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis.

MGIC Investment declared that its Board of Directors has initiated a stock buyback program on Thursday, April 24th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

MGIC Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Thursday, May 8th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, May 8th. MGIC Investment's payout ratio is 17.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WPG Advisers LLC bought a new position in MGIC Investment during the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new position in MGIC Investment during the 1st quarter worth about $33,000. Quarry LP bought a new position in MGIC Investment during the 1st quarter worth about $38,000. UMB Bank n.a. grew its holdings in MGIC Investment by 131.9% during the 4th quarter. UMB Bank n.a. now owns 1,649 shares of the insurance provider's stock worth $39,000 after acquiring an additional 938 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in MGIC Investment by 102.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,817 shares of the insurance provider's stock worth $43,000 after acquiring an additional 918 shares in the last quarter. 95.58% of the stock is currently owned by institutional investors.

About MGIC Investment

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.