MGIC Investment Corp. Company Profile (NYSE:MTG)

About MGIC Investment Corp. (NYSE:MTG)

MGIC Investment Corp. logoMGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, the Company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation. The Company's subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Thrifts & Mortgage Finance
  • Symbol: NYSE:MTG
  • CUSIP: 55284810
  • Web: mtg.mgic.com
Capitalization:
  • Market Cap: $3.99 billion
  • Outstanding Shares: 370,556,000
Average Prices:
  • 50 Day Moving Avg: $10.65
  • 200 Day Moving Avg: $10.29
  • 52 Week Range: $5.36 - $11.35
P/E:
  • Trailing P/E Ratio: 11.76
  • Foreward P/E Ratio: 9.54
  • P/E Growth: 1.25
Sales & Book Value:
  • Annual Revenue: $1.06 billion
  • Price / Sales: 3.77
  • Book Value: $7.75 per share
  • Price / Book: 1.39
Profitability:
  • EBIDTA: $784.67 million
  • Net Margins: 32.24%
  • Return on Equity: 15.98%
  • Return on Assets: 6.83%
Debt:
  • Debt-to-Equity Ratio: 0.46%
  • Current Ratio: 0.22%
  • Quick Ratio: 0.22%
Misc:
  • Average Volume: 3.82 million shs.
  • Beta: 2.52
  • Short Ratio: 4.04
 

Frequently Asked Questions for MGIC Investment Corp. (NYSE:MTG)

What is MGIC Investment Corp.'s stock symbol?

MGIC Investment Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTG."

How were MGIC Investment Corp.'s earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) announced its quarterly earnings data on Thursday, April, 20th. The company reported $0.31 EPS for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.07. The firm earned $260.90 million during the quarter, compared to analysts' expectations of $262.97 million. MGIC Investment Corp. had a return on equity of 15.98% and a net margin of 32.24%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. View MGIC Investment Corp.'s Earnings History.

When will MGIC Investment Corp. make its next earnings announcement?

MGIC Investment Corp. is scheduled to release their next quarterly earnings announcement on Monday, July, 17th 2017. View Earnings Estimates for MGIC Investment Corp..

Where is MGIC Investment Corp.'s stock going? Where will MGIC Investment Corp.'s stock price be in 2017?

9 analysts have issued 1 year target prices for MGIC Investment Corp.'s stock. Their predictions range from $9.50 to $13.00. On average, they anticipate MGIC Investment Corp.'s share price to reach $11.50 in the next twelve months. View Analyst Ratings for MGIC Investment Corp..

What are analysts saying about MGIC Investment Corp. stock?

Here are some recent quotes from research analysts about MGIC Investment Corp. stock:

  • 1. According to Zacks Investment Research, "MGIC Investment’s first-quarter 2017 earnings beat the Zacks Consensus Estimate and also improved significantly on a year-over-year basis. The company expects to write about the same amount of new business as 2016, and also estimates insurance in force to improve in 2017. This apart, the company remains focused in enhancing shareholders’ value and be a major contributor to housing finance policy. Also, positive credit trends, low expense ratio are tailwinds. Moreover, an improving housing market and declining delinquency will boost the company’s earnings in the coming quarters. However, a competitive environment and pressure to maintain capital at required level will reduce the company’s capital flexibility. Shares of MGIC Investment have underperformed the Zacks categorized Multi line industry, since the release of first-quarter results." (5/11/2017)
  • 2. Credit Suisse Group AG analysts commented, "We are increasing our 2017-18 EPS estimates to reflect our updated share repurchase outlook, and are raising our target price to $10 (from $8). We see three paths to be able to fund the buyback: 1. Cash on hand: As of 9/30, MTG had $330 million of hold co cash, of which $145 million is being held for the 2017 debt maturity and $40 million for completing the buyback as part of the 3Q debt issuance/convert repurchase. This leaves MTG with about $145 million of available cash. With no near-term debt maturities (2023 is next), and the dividend from the MI subsidiary covering interest, MTG has limited needs to hold substantial hold co cash." (11/28/2016)

Are investors shorting MGIC Investment Corp.?

MGIC Investment Corp. saw a decline in short interest in April. As of April 13th, there was short interest totalling 6,204,253 shares, a decline of 48.0% from the March 31st total of 11,936,078 shares. Based on an average daily trading volume, of 3,546,341 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.9% of the shares of the company are sold short.

Who are some of MGIC Investment Corp.'s key competitors?

Who owns MGIC Investment Corp. stock?

MGIC Investment Corp.'s stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.26%), BlackRock Inc. (7.30%), FMR LLC (4.48%), State Street Corp (3.46%), LSV Asset Management (3.54%) and Bank of New York Mellon Corp (2.98%). Company insiders that own MGIC Investment Corp. stock include C Edward Chaplin, Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Lawrence J Pierzchalski, Stephen C Mackey and Timothy A Holt. View Institutional Ownership Trends for MGIC Investment Corp..

Who sold MGIC Investment Corp. stock? Who is selling MGIC Investment Corp. stock?

MGIC Investment Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Renaissance Technologies LLC, Nomura Holdings Inc., US Bancorp DE, Bank of New York Mellon Corp, Cipher Capital LP, Capital Fund Management S.A. and AQR Capital Management LLC. View Insider Buying and Selling for MGIC Investment Corp..

Who bought MGIC Investment Corp. stock? Who is buying MGIC Investment Corp. stock?

MGIC Investment Corp.'s stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., MARSHALL WACE ASIA Ltd, Macquarie Group Ltd., Vanguard Group Inc., Point72 Asset Management L.P., LSV Asset Management, Westfield Capital Management Co. LP and State Street Corp. Company insiders that have bought MGIC Investment Corp. stock in the last two years include C Edward Chaplin, Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Stephen C Mackey and Timothy A Holt. View Insider Buying and Selling for MGIC Investment Corp..

How do I buy MGIC Investment Corp. stock?

Shares of MGIC Investment Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of MGIC Investment Corp. stock cost?

One share of MGIC Investment Corp. stock can currently be purchased for approximately $10.78.

Analyst Ratings

Consensus Ratings for MGIC Investment Corp. (NYSE:MTG) (?)
Ratings Breakdown: 1 Hold Rating, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.89)
Consensus Price Target: $11.50 (6.68% upside)

Analysts' Ratings History for MGIC Investment Corp. (NYSE:MTG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/25/2017MKM PartnersReiterated RatingBuy$10.00 -> $13.00LowView Rating Details
4/23/2017Deutsche Bank AGReiterated RatingBuy$12.00 -> $13.00LowView Rating Details
4/19/2017BTIG ResearchReiterated RatingBuy$12.00MediumView Rating Details
4/12/2017Compass PointUpgradeNeutral -> BuyLowView Rating Details
2/13/2017FBR & CoBoost Price TargetOutperform$12.00 -> $13.00N/AView Rating Details
2/8/2017Credit Suisse Group AGSet Price TargetHold$10.00N/AView Rating Details
1/9/2017Barclays PLCReiterated RatingBuy$13.00N/AView Rating Details
10/17/2016Bank of America CorpInitiated CoverageBuy$10.00N/AView Rating Details
10/4/2016Keefe, Bruyette & WoodsBoost Price TargetOutperform$9.00 -> $9.50N/AView Rating Details
1/22/2016Goldman Sachs Group IncReiterated RatingConviction-Buy -> Buy$11.00 -> $10.00N/AView Rating Details
10/8/2015MacquarieLower Price TargetNeutral$12.00 -> $11.00N/AView Rating Details
7/14/2015JMP SecuritiesBoost Price TargetMarket Outperform$11.50 -> $12.50N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for MGIC Investment Corp. (NYSE:MTG)
Earnings by Quarter for MGIC Investment Corp. (NYSE:MTG)
Earnings History by Quarter for MGIC Investment Corp. (NYSE:MTG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/17/2017        
4/20/2017Q1 2017$0.24$0.31$262.97 million$260.90 millionViewN/AView Earnings Details
1/19/2017Q4 2016$0.22$0.28$264.69 million$266.50 millionViewListenView Earnings Details
10/18/2016Q316$0.17$0.25$259.57 million$273.90 millionViewListenView Earnings Details
7/19/2016Q216$0.20$0.26$255.01 million$263.50 millionViewListenView Earnings Details
4/19/2016Q116$0.22$0.17$258.88 million$258.60 millionViewListenView Earnings Details
1/21/2016Q415$0.26$0.26$258.19 million$257.90 millionViewListenView Earnings Details
10/15/2015Q315$0.21$0.29$250.35 million$269.50 millionViewListenView Earnings Details
7/16/2015Q215$0.23$0.28$247.34 million$243.10 millionViewListenView Earnings Details
4/21/2015Q115$0.21$0.26$243.55 million$270.20 millionViewListenView Earnings Details
1/20/2015Q414$0.14$0.19$237.64 million$240.36 millionViewListenView Earnings Details
10/15/2014Q314$0.10$0.18$233.30 million$235.10 millionViewListenView Earnings Details
7/16/2014Q214$0.13$0.12$237.13 million$231.20 millionViewListenView Earnings Details
4/22/2014Q1 2014$0.09$0.15$242.35 million$235.10 millionViewListenView Earnings Details
1/23/2014Q413($0.03)($0.01)$254.67 million$251.90 millionViewListenView Earnings Details
10/16/2013Q313($0.13)$0.04$260.92 million$254.40 millionViewListenView Earnings Details
7/23/2013Q2 2013($0.15)$0.04$266.24 million$263.90 millionViewListenView Earnings Details
4/30/2013Q1 2013($0.15)($0.31)$281.31 million$269.20 millionViewListenView Earnings Details
2/28/2013Q4 2012($1.77)($1.91)$322.32 million$371.40 millionViewListenView Earnings Details
11/9/2012Q312($0.50)($1.22)$285.03 million$306.20 millionViewN/AView Earnings Details
8/2/2012($0.52)($1.36)ViewN/AView Earnings Details
4/23/2012($0.37)($0.10)ViewN/AView Earnings Details
1/24/2012($0.80)($0.67)ViewN/AView Earnings Details
10/21/2011($0.86)($0.82)ViewN/AView Earnings Details
7/18/2011($0.13)($0.75)ViewN/AView Earnings Details
4/20/2011($0.06)($0.17)ViewN/AView Earnings Details
1/19/2011($0.58)($0.93)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGIC Investment Corp. (NYSE:MTG)
2017 EPS Consensus Estimate: $1.00
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.25$0.25$0.25
Q2 20171$0.26$0.26$0.26
Q3 20171$0.25$0.25$0.25
Q4 20171$0.24$0.24$0.24
(Data provided by Zacks Investment Research)

Dividends

Dividend History for MGIC Investment Corp. (NYSE:MTG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for MGIC Investment Corp. (NYSE:MTG)
Insider Ownership Percentage: 0.98%
Institutional Ownership Percentage: 90.48%
Insider Trades by Quarter for MGIC Investment Corp. (NYSE:MTG)
Institutional Ownership by Quarter for MGIC Investment Corp. (NYSE:MTG)
Insider Trades by Quarter for MGIC Investment Corp. (NYSE:MTG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/9/2016Cassandra C CarrDirectorBuy5,000$6.35$31,750.00View SEC Filing  
1/28/2016Gregory A ChiSVPBuy10,000$6.36$63,600.00View SEC Filing  
1/28/2016Stephen C. MackeyEVPBuy5,000$6.43$32,150.00View SEC Filing  
1/27/2016Timothy A. HoltDirectorBuy20,000$6.38$127,600.00View SEC Filing  
1/26/2016Daniel A ArrigoniDirectorBuy10,000$5.88$58,800.00View SEC Filing  
1/26/2016Jeffrey H LaneEVPBuy15,000$5.93$88,950.00View SEC Filing  
10/22/2015C Edward ChaplinDirectorBuy5,000$9.46$47,300.00View SEC Filing  
8/13/2015Lawrence J PierzchalskiEVPSell75,000$10.84$813,000.00View SEC Filing  
4/29/2015Donald T NicolaisenDirectorSell10,000$10.60$106,000.00View SEC Filing  
3/10/2015Daniel A ArrigoniDirectorBuy10,000$9.19$91,900.00View SEC Filing  
10/23/2014Michael E LehmanDirectorBuy5,000$8.26$41,300.00View SEC Filing  
3/4/2014Donald NicolaisenDirectorSell40,000$9.02$360,800.00View SEC Filing  
3/7/2013Jeffrey H LaneEVPBuy35,000$5.15$180,250.00View SEC Filing  
3/7/2013Jon Michael LauerCFOBuy50,000$5.15$257,500.00View SEC Filing  
3/7/2013Patrick SinksCOOBuy30,000$5.15$154,500.00View SEC Filing  
3/7/2013Timothy J MattkeCAOBuy10,000$5.15$51,500.00View SEC Filing  
8/9/2012James A KarpowiczSVPBuy18,700$1.05$19,635.00View SEC Filing  
8/8/2012James A KarpowiczSVPBuy1,300$1.03$1,339.00View SEC Filing  
8/6/2012Curt S CulverCEOBuy100,000$0.98$98,000.00View SEC Filing  
8/6/2012Jon Michael LauerCFOBuy75,000$0.89$66,750.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for MGIC Investment Corp. (NYSE:MTG)
Latest Headlines for MGIC Investment Corp. (NYSE:MTG)
Source:
DateHeadline
prnewswire.com logoMGIC CEO to Participate in KBW Mortgage Finance Conference - PR Newswire (press release)
www.prnewswire.com - May 25 at 4:50 AM
finance.yahoo.com logoMGIC CEO to Participate in KBW Mortgage Finance Conference
finance.yahoo.com - May 24 at 6:47 PM
finance.yahoo.com logoIs MGIC Investment (MTG) Down 3.9% Since the Last Earnings Report?
finance.yahoo.com - May 22 at 10:01 AM
streetinsider.com logoMGIC Investment (MTG) Reports Partnership with Savana Inc.
www.streetinsider.com - May 16 at 6:25 PM
finance.yahoo.com logoMGIC Announces Partnership with Savana, Inc.
finance.yahoo.com - May 16 at 10:23 AM
nasdaq.com logoJune 30th Options Now Available For MGIC Investment (MTG)
www.nasdaq.com - May 11 at 7:11 PM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - May 11 at 11:56 AM
americanbankingnews.com logo$0.25 EPS Expected for MGIC Investment Corp. (MTG) This Quarter
www.americanbankingnews.com - May 10 at 6:18 PM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Receiving Somewhat Favorable Press Coverage, Analysis Finds
www.americanbankingnews.com - May 3 at 5:30 PM
finance.yahoo.com logoMGIC Investment Corp. breached its 50 day moving average in a Bearish Manner : MTG-US : May 2, 2017
finance.yahoo.com - May 2 at 7:34 PM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - May 2 at 10:00 AM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Short Interest Update
www.americanbankingnews.com - May 1 at 7:40 AM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Earning Positive News Coverage, Analysis Finds
www.americanbankingnews.com - April 30 at 9:38 AM
finance.yahoo.com logoMGIC Hires Terry Aikin - Vice President - Managing Director for West Central Region
finance.yahoo.com - April 28 at 9:02 AM
nasdaq.com logoInteresting MTG Put And Call Options For June 9th - Nasdaq
www.nasdaq.com - April 27 at 7:12 PM
americanbankingnews.com logoFavorable News Coverage Unlikely to Affect MGIC Investment Corp. (MTG) Stock Price
www.americanbankingnews.com - April 27 at 5:32 PM
americanbankingnews.com logo Analysts Anticipate MGIC Investment Corp. (MTG) to Post $0.26 EPS
www.americanbankingnews.com - April 27 at 12:56 AM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Receives "Buy" Rating from MKM Partners
www.americanbankingnews.com - April 25 at 2:36 PM
americanbankingnews.com logoPositive News Coverage Somewhat Likely to Affect MGIC Investment Corp. (MTG) Stock Price
www.americanbankingnews.com - April 24 at 4:56 PM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Rating Reiterated by Deutsche Bank AG
www.americanbankingnews.com - April 23 at 4:30 PM
nasdaq.com logoMGIC Investment (MTG) Gains as Q1 Earnings Beat Estimates - Nasdaq
www.nasdaq.com - April 23 at 9:50 AM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Stock Rating Reaffirmed by BTIG Research
www.americanbankingnews.com - April 22 at 11:30 PM
finance.yahoo.com logoEdited Transcript of MTG earnings conference call or presentation 20-Apr-17 2:00pm GMT
finance.yahoo.com - April 22 at 11:07 AM
zacks.com logoMGIC Investment (MTG) Gains as Q1 Earnings Beat Estimates
www.zacks.com - April 21 at 9:46 AM
nasdaq.com logoWhy Earnings Season Could Be Great for MGIC Investment Corp. (MTG) - Nasdaq
www.nasdaq.com - April 20 at 11:45 PM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 20 at 10:55 AM
seekingalpha.com logoMGIC Investment up 2% as loan losses fall in Q1
seekingalpha.com - April 20 at 10:23 AM
rttnews.com logoMGIC Investment Corp Q1 Income Advances 30%
www.rttnews.com - April 20 at 9:56 AM
prnewswire.com logoTechnical Reports on Insurance Stocks --American Intl., MGIC Investment ...
www.prnewswire.com - April 20 at 9:56 AM
finance.yahoo.com logoMGIC Investment Corporation Reports First Quarter 2017 Results
finance.yahoo.com - April 20 at 9:55 AM
finance.yahoo.com logoMGIC beats 1Q profit forecasts
finance.yahoo.com - April 20 at 9:55 AM
americanbankingnews.com logoZacks: Brokerages Anticipate MGIC Investment Corp. (MTG) Will Post Earnings of $0.24 Per Share
www.americanbankingnews.com - April 19 at 10:30 PM
finance.yahoo.com logoWhy Earnings Season Could Be Great for MGIC Investment Corp. (MTG)
finance.yahoo.com - April 18 at 10:16 AM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Raised to Buy at Compass Point
www.americanbankingnews.com - April 18 at 9:12 AM
americanbankingnews.com logoFavorable News Coverage Extremely Likely to Effect MGIC Investment Corp. (MTG) Stock Price
www.americanbankingnews.com - April 16 at 11:25 AM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Rating Reiterated by Barclays PLC
www.americanbankingnews.com - April 15 at 5:28 PM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Given Daily Coverage Optimism Rating of 0.41
www.americanbankingnews.com - April 13 at 3:30 PM
finance.yahoo.com logoMGIC Investment Corp. breached its 50 day moving average in a Bullish Manner : MTG-US : April 12, 2017
finance.yahoo.com - April 12 at 7:36 PM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Upgraded to Buy at Compass Point
www.americanbankingnews.com - April 12 at 7:35 PM
prnewswire.com logoMGIC Investment Corporation Schedules 1st Quarter 2017 Earnings Call and Releases Monthly Operating Statistics - PR Newswire (press release)
www.prnewswire.com - April 12 at 8:04 AM
finance.yahoo.com logoMGIC Investment Corporation Schedules 1st Quarter 2017 Earnings Call and Releases Monthly Operating Statistics - Yahoo Finance
finance.yahoo.com - April 10 at 6:15 PM
finance.yahoo.com logoMGIC Investment Corporation Schedules 1st Quarter 2017 Earnings Call and Releases Monthly Operating Statistics
finance.yahoo.com - April 10 at 10:19 AM
seekingalpha.com logoMGIC Investment's March: Insurance in force higher, delinquencies down
seekingalpha.com - April 10 at 7:28 AM
nasdaq.com logoMTG May 26th Options Begin Trading
www.nasdaq.com - April 8 at 9:04 AM
finance.yahoo.com logoMGIC Announces Partnership with PreApp 1003
finance.yahoo.com - April 7 at 11:19 AM
finance.yahoo.com logoMGIC Investment (MTG) Streamlines Services with PreApp 1003
finance.yahoo.com - April 7 at 11:19 AM
finance.yahoo.com logoMGIC Takes On the 20% Down Payment Myth with New Buy Now vs. Wait Calculator
finance.yahoo.com - April 7 at 11:19 AM
americanbankingnews.com logoMGIC Investment Corp. (MTG) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 5 at 11:09 AM
nasdaq.com logoMGIC Investment Enters Oversold Territory (MTG)
www.nasdaq.com - March 22 at 6:45 PM
zacks.com logoMGIC Investment (MTG) Prospects Look Bright: Time to Invest?
www.zacks.com - March 22 at 9:24 AM

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MGIC Investment Corp. (MTG) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff