MGIC Investment Q3 EPS Estimate Reduced by Zacks Research

MGIC Investment Co. (NYSE:MTG - Free Report) - Equities researchers at Zacks Research dropped their Q3 2025 earnings per share (EPS) estimates for MGIC Investment in a research report issued to clients and investors on Monday, May 19th. Zacks Research analyst R. Department now anticipates that the insurance provider will post earnings of $0.70 per share for the quarter, down from their prior forecast of $0.71. 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 FY2025 earnings at $2.84 EPS.

Several other equities analysts have also commented on MTG. Keefe, Bruyette & Woods dropped their price target on shares of MGIC Investment from $28.00 to $26.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Compass Point restated a "neutral" rating and set a $27.00 price objective (up from $24.00) on shares of MGIC Investment in a report on Wednesday, February 5th. Barclays increased their target price on MGIC Investment from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Finally, UBS Group boosted their price target on MGIC Investment from $25.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, MGIC Investment currently has an average rating of "Hold" and an average price target of $26.50.

MGIC Investment Trading Down 2.3%

Shares of MTG stock opened at $26.00 on Thursday. The firm's 50-day simple moving average is $24.68 and its 200-day simple moving average is $24.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.48 and a quick ratio of 1.25. 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 $6.17 billion, a P/E ratio of 8.96 and a beta of 0.91.

MGIC Investment (NYSE:MTG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The firm had revenue of $306.23 million for the quarter, compared to analyst estimates of $306.66 million. MGIC Investment had a return on equity of 14.86% and a net margin of 63.18%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS.

Institutional Trading of MGIC Investment

Hedge funds have recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in MGIC Investment during the 1st quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of MGIC Investment during the first quarter valued at about $33,000. Quarry LP purchased a new stake in shares of MGIC Investment during the first quarter worth about $38,000. UMB Bank n.a. increased its position in shares of MGIC Investment by 131.9% during the fourth 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 during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of MGIC Investment by 102.1% in the fourth 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. Hedge funds and other institutional investors own 95.58% of the company's stock.

Insider Activity

In other MGIC Investment news, CAO Julie K. Sperber sold 4,600 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $24.55, for a total value of $112,930.00. Following the completion of the sale, the chief accounting officer now owns 75,070 shares of the company's stock, valued at $1,842,968.50. This trade represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.41% of the company's stock.

MGIC Investment announced that its board has initiated a stock repurchase 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 a sign that the company's leadership believes its shares are undervalued.

MGIC Investment Dividend Announcement

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

MGIC Investment Company Profile

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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