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 shares of MGIC Investment in a research note issued on Tuesday, August 19th. Zacks Research analyst Team now expects that the insurance provider will earn $0.76 per share for the quarter, down from their prior 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.

MGIC Investment (NYSE:MTG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.12. MGIC Investment had a return on equity of 14.73% and a net margin of 62.58%.The firm had revenue of $304.25 million for the quarter, compared to analyst estimates of $306.25 million. During the same period in the prior year, the firm posted $0.77 EPS. The company's revenue for the quarter was down .3% on a year-over-year basis.

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

MGIC Investment Stock Performance

Shares of NYSE MTG opened at $27.5250 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The stock's fifty day moving average price is $26.76 and its two-hundred day moving average price is $25.48. MGIC Investment has a one year low of $21.94 and a one year high of $28.67. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 1.99 and a beta of 0.90.

MGIC Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.15 per share. This is an increase from MGIC Investment's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. MGIC Investment's payout ratio is presently 19.67%.

MGIC Investment announced that its Board of Directors has authorized a share repurchase program on Thursday, April 24th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at MGIC Investment

In other news, CEO Timothy J. Mattke sold 139,203 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $26.54, for a total transaction of $3,694,447.62. Following the completion of the transaction, the chief executive officer owned 1,100,994 shares of the company's stock, valued at approximately $29,220,380.76. The trade was a 11.22% decrease in their position. The transaction 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 the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $26.22, for a total value of $786,600.00. Following the transaction, the chief operating officer directly owned 249,401 shares of the company's stock, valued at $6,539,294.22. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,203 shares of company stock valued at $5,010,848. Corporate insiders own 1.05% of the company's stock.

Institutional Investors Weigh In On MGIC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in MGIC Investment by 13.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,331,120 shares of the insurance provider's stock worth $510,338,000 after acquiring an additional 2,168,940 shares during the last quarter. LSV Asset Management grew its position in MGIC Investment by 2.9% during the 1st quarter. LSV Asset Management now owns 10,888,437 shares of the insurance provider's stock worth $269,815,000 after acquiring an additional 310,095 shares during the last quarter. First Trust Advisors LP grew its position in MGIC Investment by 48.1% during the 2nd quarter. First Trust Advisors LP now owns 7,302,263 shares of the insurance provider's stock worth $203,295,000 after acquiring an additional 2,370,403 shares during the last quarter. AQR Capital Management LLC grew its position in MGIC Investment by 92.4% during the 2nd 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 during the last quarter. Finally, Allianz Asset Management GmbH grew its position in MGIC Investment by 40.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 5,398,356 shares of the insurance provider's stock worth $150,290,000 after acquiring an additional 1,557,970 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.

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