Zacks Research Cuts Earnings Estimates for MGIC Investment

MGIC Investment Co. (NYSE:MTG - Free Report) - Zacks Research decreased their Q3 2025 earnings per share estimates for MGIC Investment in a report released on Monday, May 19th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings of $0.70 per share for the quarter, down from their prior estimate 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.

MGIC Investment (NYSE:MTG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $306.23 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share.

Other research analysts have also recently issued research reports about the company. Barclays lifted their price objective 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. Keefe, Bruyette & Woods decreased their price target on MGIC Investment from $28.00 to $26.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Compass Point restated a "neutral" rating and issued a $28.00 price target (up previously from $27.00) on shares of MGIC Investment in a research note on Friday. Finally, UBS Group boosted their price target on MGIC Investment from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. One 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, the company presently has a consensus rating of "Hold" and a consensus target price of $26.63.

MGIC Investment Stock Up 1.8%

NYSE:MTG traded up $0.48 during trading hours on Thursday, reaching $26.47. 384,402 shares of the company traded hands, compared to its average volume of 1,795,299. The business's 50-day moving average price is $24.85 and its two-hundred day moving average price is $24.58. The stock has a market capitalization of $6.28 billion, a P/E ratio of 9.13 and a beta of 0.91. MGIC Investment has a 1 year low of $20.11 and a 1 year high of $26.92. The company has a current ratio of 0.48, a quick ratio of 1.25 and a debt-to-equity ratio of 0.12.

MGIC Investment declared that its Board of Directors has approved a share repurchase plan on Thursday, April 24th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to repurchase up to 12.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

MGIC Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Thursday, May 8th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 8th. MGIC Investment's dividend payout ratio (DPR) is 17.28%.

Hedge Funds Weigh In On MGIC Investment

A number of hedge funds have recently made changes to their positions in the business. WPG Advisers LLC bought a new position in MGIC Investment during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new position in MGIC Investment during the first quarter valued at approximately $33,000. Quarry LP bought a new position in MGIC Investment during the first quarter valued at approximately $38,000. UMB Bank n.a. boosted its stake in MGIC Investment by 131.9% during the fourth quarter. UMB Bank n.a. now owns 1,649 shares of the insurance provider's stock valued at $39,000 after buying an additional 938 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in MGIC Investment by 88.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider's stock valued at $43,000 after buying an additional 817 shares during the last quarter. Institutional investors own 95.58% of the company's stock.

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.