Zacks Research Lifts Earnings Estimates for MGIC Investment

MGIC Investment Corporation (NYSE:MTG - Free Report) - Equities research analysts at Zacks Research raised their Q4 2025 earnings estimates for shares of MGIC Investment in a research note issued on Thursday, July 17th. Zacks Research analyst R. Department now forecasts that the insurance provider will post earnings of $0.73 per share for the quarter, up from their previous estimate of $0.72. 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 Q1 2026 earnings at $0.73 EPS, FY2026 earnings at $3.00 EPS and FY2027 earnings at $4.11 EPS.

MTG has been the topic of a number of other reports. Keefe, Bruyette & Woods increased 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. Compass Point reiterated a "neutral" rating and issued a $28.00 target price (up previously from $27.00) on shares of MGIC Investment in a research report on Friday, May 23rd. Finally, Barclays increased their price target on shares of MGIC Investment from $26.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. 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 data from MarketBeat, MGIC Investment currently has a consensus rating of "Hold" and a consensus price target of $26.88.

MGIC Investment Stock Performance

Shares of MTG stock opened at $25.20 on Monday. The business has a fifty day moving average of $26.64 and a 200 day moving average of $25.12. MGIC Investment has a 1 year low of $21.94 and a 1 year high of $28.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 2.70 and a beta of 0.89.

MGIC Investment (NYSE:MTG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $306.23 million during the quarter, compared to the consensus estimate of $306.66 million. MGIC Investment had a net margin of 63.49% and a return on equity of 14.96%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share.

Hedge Funds Weigh In On MGIC Investment

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of MGIC Investment in the 4th quarter valued at about $85,908,000. First Trust Advisors LP grew its holdings in MGIC Investment by 22.4% in the fourth quarter. First Trust Advisors LP now owns 16,008,489 shares of the insurance provider's stock valued at $379,561,000 after purchasing an additional 2,928,595 shares during the period. Millennium Management LLC increased its position in shares of MGIC Investment by 913.6% in the first quarter. Millennium Management LLC now owns 2,300,596 shares of the insurance provider's stock valued at $57,009,000 after buying an additional 2,073,633 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of MGIC Investment by 292.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,072,629 shares of the insurance provider's stock worth $49,142,000 after buying an additional 1,543,908 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of MGIC Investment by 5,891.9% during the 1st quarter. Jane Street Group LLC now owns 1,373,050 shares of the insurance provider's stock worth $34,024,000 after buying an additional 1,350,135 shares during the period. 95.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MGIC Investment news, EVP Paula C. Maggio sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $26.49, for a total value of $529,800.00. Following the completion of the transaction, the executive vice president directly owned 157,395 shares of the company's stock, valued at approximately $4,169,393.55. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.41% of the stock is currently owned by company insiders.

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 paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.06%. MGIC Investment's payout ratio is 17.28%.

MGIC Investment announced that its board has initiated a share repurchase plan on Thursday, April 24th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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.

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