Q2 EPS Estimates for MGIC Investment Cut by Zacks Research

Key Points

• Zacks Research has lowered its Q2 2026 EPS estimate for MGIC Investment from $0.80 to $0.76, while maintaining a full-year EPS estimate of $2.71.
• MGIC Investment recently declared a quarterly dividend of $0.15 per share, up from $0.13, representing a yield of 2.2% and a payout ratio of 19.67%.
• Insider transactions show that both CEO Timothy J. Mattke and COO Salvatore A. Miosi sold shares recently, with Mattke's transaction resulting in an 11.22% decrease in his position.

MGIC Investment Corporation (NYSE:MTG - Free Report) - Equities researchers at Zacks Research reduced their Q2 2026 earnings per share estimates for MGIC Investment in a note issued to investors on Tuesday, August 19th. Zacks Research analyst Team now anticipates that the insurance provider will earn $0.76 per share for the quarter, down from their previous forecast of $0.80. 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 2026 earnings at $0.75 EPS.

A number of other equities research analysts also recently weighed in on MTG. Compass Point reiterated a "neutral" rating and set a $28.00 price target (up previously from $27.00) on shares of MGIC Investment in a research note on Friday, May 23rd. Barclays boosted their price target on MGIC Investment from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of MGIC Investment from $26.00 to $27.00 and gave the company a "market perform" rating in a research report on Monday, July 7th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $26.67.

MGIC Investment Price Performance

NYSE:MTG traded up $0.18 during trading hours on Friday, reaching $28.03. 378,728 shares of the company's stock were exchanged, compared to its average volume of 2,152,178. The company has a market capitalization of $6.46 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 2.02 and a beta of 0.90. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $26.84 and its two-hundred day simple moving average is $25.54. MGIC Investment has a 12 month low of $21.94 and a 12 month high of $28.67.

MGIC Investment (NYSE:MTG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.12. MGIC Investment had a return on equity of 14.73% and a net margin of 62.58%.The company had revenue of $304.25 million during the quarter, compared to the consensus estimate of $306.25 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company's revenue was down .3% compared to the same quarter last year.

MGIC Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 7th. This is an increase from MGIC Investment's previous quarterly dividend of $0.13. MGIC Investment's dividend payout ratio (DPR) is currently 19.67%.

Insider Activity at MGIC Investment

In other MGIC Investment news, CEO Timothy J. Mattke sold 139,203 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $26.54, for a total transaction of $3,694,447.62. Following the completion of the sale, the chief executive officer directly owned 1,100,994 shares in the company, valued at approximately $29,220,380.76. The trade was a 11.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Salvatore A. Miosi sold 30,000 shares of MGIC Investment stock in a transaction on Friday, August 1st. The stock was sold at an average price of $26.22, for a total transaction of $786,600.00. Following the completion of the transaction, the chief operating officer directly owned 249,401 shares of the company's stock, valued at $6,539,294.22. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 189,203 shares of company stock valued at $5,010,848. 1.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of MGIC Investment by 13.4% in the second quarter. JPMorgan Chase & Co. now owns 18,331,120 shares of the insurance provider's stock valued at $510,338,000 after buying an additional 2,168,940 shares during the last quarter. LSV Asset Management raised its stake in MGIC Investment by 2.9% during the first quarter. LSV Asset Management now owns 10,888,437 shares of the insurance provider's stock worth $269,815,000 after purchasing an additional 310,095 shares during the period. First Trust Advisors LP raised its stake in MGIC Investment by 48.1% during the second quarter. First Trust Advisors LP now owns 7,302,263 shares of the insurance provider's stock worth $203,295,000 after purchasing an additional 2,370,403 shares during the period. AQR Capital Management LLC increased its position in shares of MGIC Investment by 92.4% in the second quarter. AQR Capital Management LLC now owns 6,333,091 shares of the insurance provider's stock worth $176,313,000 after acquiring an additional 3,041,446 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of MGIC Investment by 40.6% in the second quarter. Allianz Asset Management GmbH now owns 5,398,356 shares of the insurance provider's stock valued at $150,290,000 after purchasing an additional 1,557,970 shares during the period. 95.58% of the stock is currently owned by hedge funds and other 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.