NYSE:MTG MGIC Investment (MTG) Stock Price, News & Analysis → CEO of Biggest AI Chipmaker Just Dropped a Bombshell… (From Banyan Hill Publishing) (Ad) Free mtg Stock Alerts $21.20 +0.25 (+1.19%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$21.03▼$21.4550-Day Range$19.38▼$22.3652-Week Range$14.51▼$22.43Volume2.18 million shsAverage Volume2.05 million shsMarket Capitalization$5.65 billionP/E Ratio8.15Dividend Yield2.17%Price Target$21.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get MGIC Investment alerts: Email Address MGIC Investment MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside0.6% Downside$21.08 Price TargetShort InterestBearish3.82% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment0.84Based on 17 Articles This WeekInsider TradingN/AProj. Earnings Growth4.03%From $2.48 to $2.58 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.48 out of 5 starsFinance Sector587th out of 874 stocksSurety Insurance Industry5th out of 8 stocks 1.1 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageMGIC Investment has only been the subject of 1 research reports in the past 90 days.Read more about MGIC Investment's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.82% of the float of MGIC Investment has been sold short.Short Interest Ratio / Days to CoverMGIC Investment has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in MGIC Investment has recently increased by 5.07%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 17.69%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGIC Investment will have a dividend payout ratio of 17.83% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.Read more about MGIC Investment's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGIC Investment has received a -130.12% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Private mortgage insurances" product. See details.Environmental SustainabilityThe Environmental Impact score for MGIC Investment is -0.07. Previous Next 2.7 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 17 news articles for MGIC Investment this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for MTG on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.57% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions95.58% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about MGIC Investment's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 4.03% in the coming year, from $2.48 to $2.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 8.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.16.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 8.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 53.70.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.67. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGIC Investment has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about MGIC Investment's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad TradeSmithThe A.I. story nobody is telling you (Read ASAP)There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...Click here to see Louis' new video for yourself. About MGIC Investment Stock (NYSE:MTG)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. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.Read More MTG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTG Stock News HeadlinesMay 7, 2024 | finance.yahoo.comMGIC Investment Corp's Dividend AnalysisMay 6, 2024 | americanbankingnews.comMGIC Investment Co. (MTG) To Go Ex-Dividend on May 8thMay 7, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.May 6, 2024 | americanbankingnews.comQ2 2024 Earnings Estimate for MGIC Investment Co. Issued By Roth Capital (NYSE:MTG)May 4, 2024 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?May 4, 2024 | americanbankingnews.comMGIC Investment Co. (NYSE:MTG) Receives Consensus Rating of "Hold" from BrokeragesMay 3, 2024 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Q1 2024 Earnings Call TranscriptMay 3, 2024 | finance.yahoo.comMGIC Investment Corp (MTG) (Q1 2024) Earnings Call Transcript Highlights: Strong Financial ...May 7, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.May 1, 2024 | investorplace.comMTG Stock Earnings: MGIC Investment Beats EPS, Misses Revenue for Q1 2024May 1, 2024 | sfgate.comMGIC: Q1 Earnings SnapshotMay 1, 2024 | finance.yahoo.comMGIC Investment Corp (MTG) Q1 2024 Earnings: Surpasses Analyst Revenue ForecastsMay 1, 2024 | prnewswire.comMGIC Investment Corporation Reports First Quarter 2024 ResultsApril 30, 2024 | finance.yahoo.comInvesting in MGIC Investment (NYSE:MTG) five years ago would have delivered you a 57% gainApril 25, 2024 | prnewswire.comMGIC Investment Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.115 Per ShareApril 19, 2024 | seekingalpha.comBuy MGIC: Higher Interest Rates Create A Buying OpportunityApril 2, 2024 | prnewswire.comMGIC Investment Corporation Schedules 1st Quarter 2024 Earnings CallApril 1, 2024 | msn.comRate Cut Hopes Boost Growth Stocks In Q1, Signal Better Q2 For Value (April Issue)March 15, 2024 | markets.businessinsider.comKBW Reaffirms Their Buy Rating on MGIC Investment (MTG)February 23, 2024 | finance.yahoo.comInside Vanguard’s Picks: 3 Must-Buy Stocks From AI-Enhanced FundsFebruary 22, 2024 | msn.comRocket Companies earnings flatline again in Q4, topping consensusFebruary 22, 2024 | markets.businessinsider.comBuy Rating Affirmed for MGIC Investment Corp. on Strong Market Position and Attractive ValuationFebruary 15, 2024 | investorplace.comInside Vanguard's Picks: 3 Must-Buy Stocks From AI-Enhanced FundsFebruary 8, 2024 | finance.yahoo.comRadian Group (RDN) Q4 Earnings Top, Revenues Rise Y/YFebruary 8, 2024 | finance.yahoo.comEverest Group (EG) Q4 Earnings Beat on Improved PremiumsFebruary 5, 2024 | seekingalpha.comMGIC Investment: Strong Company At A Fair Price (Rating Downgrade)February 4, 2024 | seekingalpha.comBuy MGIC - Slow, Steady And Still CheapSee More Headlines Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/5 Dividend2/14/2024Dividend Payable3/05/2024Last Earnings5/01/2024Today5/07/2024Ex-Dividend for 5/21 Dividend5/08/2024Dividend Payable5/21/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance Current SymbolNYSE:MTG CUSIP55284810 CIK876437 Webmtg.mgic.com Phone(414) 347-6480Fax414-347-6696Employees627Year FoundedN/APrice Target and Rating Average Stock Price Target$21.08 High Stock Price Target$24.00 Low Stock Price Target$18.50 Potential Upside/Downside-0.6%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.60 Trailing P/E Ratio8.15 Forward P/E Ratio8.55 P/E Growth1.67Net Income$712.95 million Net Margins62.85% Pretax Margin79.49% Return on Equity15.00% Return on Assets11.57% Debt Debt-to-Equity Ratio0.13 Current Ratio1.05 Quick Ratio1.05 Sales & Book Value Annual Sales$1.16 billion Price / Sales4.89 Cash Flow$2.82 per share Price / Cash Flow7.53 Book Value$18.29 per share Price / Book1.16Miscellaneous Outstanding Shares266,590,000Free Float262,402,000Market Cap$5.65 billion OptionableOptionable Beta1.24 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Salvatore Antonino Miosi (Age 56)President & COO Comp: $1.9MMr. Nathaniel Howe Colson (Age 40)Executive VP & CFO Comp: $1.15MMs. Paula Christine Maggio (Age 55)Executive VP, General Counsel & Secretary Comp: $1.36MMr. Timothy James Mattke (Age 48)CEO & Director Comp: $2.89MMs. Julie Kay Sperber (Age 50)VP, Controller & Chief Accounting Officer Ms. Dianna L. HigginsSenior Vice President of Investor RelationsMr. Danny Garcia-VelezSenior Vice President of Sales & Business DevelopmentMs. Annette M. AdamsSenior VP & Chief Human Resources Officer of MGICMr. Robert J. Candelmo (Age 60)Senior VP & Chief Information Officer of MGIC Mr. Shreyans JainSenior Vice President of Mortgage Risk AnalyticsMore ExecutivesKey CompetitorsRadian GroupNYSE:RDNEssent GroupNYSE:ESNTAssured GuarantyNYSE:AGOOld Republic InternationalNYSE:ORINMINASDAQ:NMIHView All CompetitorsInstitutional OwnershipHeartland Advisors Inc.Bought 159,314 shares on 5/7/2024Ownership: 0.247%Swiss National BankSold 8,900 shares on 5/7/2024Ownership: 0.205%Sei Investments Co.Bought 119,476 shares on 5/7/2024Ownership: 0.186%LSV Asset ManagementBought 174,609 shares on 5/6/2024Ownership: 4.120%Texas Permanent School Fund CorpSold 1,075 shares on 5/6/2024Ownership: 0.089%View All Institutional Transactions MTG Stock Analysis - Frequently Asked Questions Should I buy or sell MGIC Investment stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MTG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTG, but not buy additional shares or sell existing shares. View MTG analyst ratings or view top-rated stocks. What is MGIC Investment's stock price target for 2024? 5 analysts have issued 1 year price targets for MGIC Investment's shares. Their MTG share price targets range from $18.50 to $24.00. On average, they expect the company's share price to reach $21.08 in the next year. This suggests that the stock has a possible downside of 0.6%. View analysts price targets for MTG or view top-rated stocks among Wall Street analysts. How have MTG shares performed in 2024? MGIC Investment's stock was trading at $19.29 on January 1st, 2024. Since then, MTG stock has increased by 9.9% and is now trading at $21.20. View the best growth stocks for 2024 here. When is MGIC Investment's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our MTG earnings forecast. How were MGIC Investment's earnings last quarter? MGIC Investment Co. (NYSE:MTG) issued its quarterly earnings data on Wednesday, May, 1st. The insurance provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.05. The insurance provider had revenue of $294.40 million for the quarter, compared to the consensus estimate of $301.62 million. MGIC Investment had a net margin of 62.85% and a trailing twelve-month return on equity of 15.00%. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment? MGIC Investment declared a quarterly dividend on Thursday, April 25th. Investors of record on Thursday, May 9th will be given a dividend of $0.115 per share on Tuesday, May 21st. This represents a $0.46 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 8th. Read our dividend analysis for MTG. Is MGIC Investment a good dividend stock? MGIC Investment (NYSE:MTG) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.23%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 17.83% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MTG. What ETFs hold MGIC Investment's stock? ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include Adaptiv Select ETF (ADPV), The Acquirers Fund (ZIG), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Ballast Small/Mid Cap ETF (MGMT), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Financial AlphaDEX Fund (FXO) and SPDR S&P Bank ETF (KBE). What is Tim Mattke's approval rating as MGIC Investment's CEO? 1 employees have rated MGIC Investment Chief Executive Officer Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among the company's employees. This puts Tim Mattke in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of MGIC Investment own? Based on aggregate information from My MarketBeat watchlists, some companies that other MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Ford Motor (F), Radian Group (RDN), AT&T (T), Bank of America (BAC), Energy Transfer (ET), General Electric (GE), Coty (COTY) and Freeport-McMoRan (FCX). Who are MGIC Investment's major shareholders? MGIC Investment's stock is owned by many different retail and institutional investors. Top institutional investors include LSV Asset Management (4.12%), Wealth Enhancement Advisory Services LLC (0.63%), Los Angeles Capital Management LLC (0.53%), Principal Financial Group Inc. (0.38%), Vest Financial LLC (0.32%) and Leeward Investments LLC MA (0.25%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner and James J Hughes. View institutional ownership trends. How do I buy shares of MGIC Investment? Shares of MTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:MTG) was last updated on 5/7/2024 by MarketBeat.com Staff From Our PartnersThe Department of Defense Has a New Drone ContractorThe Tomorrow InvestorTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaThe A.I. story nobody is telling you (Read ASAP)TradeSmithUrgent Nvidia WarningAltimetryThe asset beating inflation by 4xColonial MetalsThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldHe Is Giving Away BitcoinCrypto Swap ProfitsObama’s Forever Term [exposed]Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MGIC Investment Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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