MGIC 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
- Market Cap: $3.99 billion
- Outstanding Shares: 370,556,000
- 50 Day Moving Avg: $10.65
- 200 Day Moving Avg: $10.29
- 52 Week Range: $5.36 - $11.35
Sales & Book Value:
- Trailing P/E Ratio: 11.76
- Foreward P/E Ratio: 9.54
- P/E Growth: 1.25
- Annual Revenue: $1.06 billion
- Price / Sales: 3.77
- Book Value: $7.75 per share
- Price / Book: 1.39
- EBIDTA: $784.67 million
- Net Margins: 32.24%
- Return on Equity: 15.98%
- Return on Assets: 6.83%
- Debt-to-Equity Ratio: 0.46%
- Current Ratio: 0.22%
- Quick Ratio: 0.22%
- 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?
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?
Some companies that are related to MGIC Investment Corp. include Partnerre Ltd (PRE), RenaissanceRe Holdings (RNR), Axis Capital Holdings Limited (AXS), Old Republic International (ORI), First American Financial Corp (FAF), Allied World Assurance Company Holdings Ltd (AWH), Validus Holdings (VR), White Mountains Insurance Group Ltd (WTM), Hanover Insurance Group (THG), Radian Group (RDN), ProAssurance (PRA), Mercury General (MCY), Aspen Insurance Holdings Limited (AHL), Selective Insurance Group (SIGI), RLI Corp. (RLI), National General Holdings Corp (NGHC), AmTrust Financial Services (AFSI) and Kemper Corp (KMPR).
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.
Earnings History for MGIC Investment Corp. (NYSE:MTG)Earnings History by Quarter for MGIC Investment Corp. (NYSE:MTG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/17/2017|| || || || || || || || |
|4/20/2017||Q1 2017||$0.24||$0.31||$262.97 million||$260.90 million||View||N/A|
|1/19/2017||Q4 2016||$0.22||$0.28||$264.69 million||$266.50 million||View||Listen|
|10/18/2016||Q316||$0.17||$0.25||$259.57 million||$273.90 million||View||Listen|
|7/19/2016||Q216||$0.20||$0.26||$255.01 million||$263.50 million||View||Listen|
|4/19/2016||Q116||$0.22||$0.17||$258.88 million||$258.60 million||View||Listen|
|1/21/2016||Q415||$0.26||$0.26||$258.19 million||$257.90 million||View||Listen|
|10/15/2015||Q315||$0.21||$0.29||$250.35 million||$269.50 million||View||Listen|
|7/16/2015||Q215||$0.23||$0.28||$247.34 million||$243.10 million||View||Listen|
|4/21/2015||Q115||$0.21||$0.26||$243.55 million||$270.20 million||View||Listen|
|1/20/2015||Q414||$0.14||$0.19||$237.64 million||$240.36 million||View||Listen|
|10/15/2014||Q314||$0.10||$0.18||$233.30 million||$235.10 million||View||Listen|
|7/16/2014||Q214||$0.13||$0.12||$237.13 million||$231.20 million||View||Listen|
|4/22/2014||Q1 2014||$0.09||$0.15||$242.35 million||$235.10 million||View||Listen|
|1/23/2014||Q413||($0.03)||($0.01)||$254.67 million||$251.90 million||View||Listen|
|10/16/2013||Q313||($0.13)||$0.04||$260.92 million||$254.40 million||View||Listen|
|7/23/2013||Q2 2013||($0.15)||$0.04||$266.24 million||$263.90 million||View||Listen|
|4/30/2013||Q1 2013||($0.15)||($0.31)||$281.31 million||$269.20 million||View||Listen|
|2/28/2013||Q4 2012||($1.77)||($1.91)||$322.32 million||$371.40 million||View||Listen|
|11/9/2012||Q312||($0.50)||($1.22)||$285.03 million||$306.20 million||View||N/A|
Earnings Estimates for MGIC Investment Corp. (NYSE:MTG)
2017 EPS Consensus Estimate: $1.00
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for MGIC Investment Corp. (NYSE:MTG)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for MGIC Investment Corp. (NYSE:MTG)
Insider Ownership Percentage: 0.98%Insider Trades by Quarter for MGIC Investment Corp. (NYSE:MTG)
Institutional Ownership Percentage: 90.48%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/9/2016||Cassandra C Carr||Director||Buy||5,000||$6.35||$31,750.00|| |
|1/28/2016||Gregory A Chi||SVP||Buy||10,000||$6.36||$63,600.00|| |
|1/28/2016||Stephen C. Mackey||EVP||Buy||5,000||$6.43||$32,150.00|| |
|1/27/2016||Timothy A. Holt||Director||Buy||20,000||$6.38||$127,600.00|| |
|1/26/2016||Daniel A Arrigoni||Director||Buy||10,000||$5.88||$58,800.00|| |
|1/26/2016||Jeffrey H Lane||EVP||Buy||15,000||$5.93||$88,950.00|| |
|10/22/2015||C Edward Chaplin||Director||Buy||5,000||$9.46||$47,300.00|| |
|8/13/2015||Lawrence J Pierzchalski||EVP||Sell||75,000||$10.84||$813,000.00|| |
|4/29/2015||Donald T Nicolaisen||Director||Sell||10,000||$10.60||$106,000.00|| |
|3/10/2015||Daniel A Arrigoni||Director||Buy||10,000||$9.19||$91,900.00|| |
|10/23/2014||Michael E Lehman||Director||Buy||5,000||$8.26||$41,300.00|| |
|3/4/2014||Donald Nicolaisen||Director||Sell||40,000||$9.02||$360,800.00|| |
|3/7/2013||Jeffrey H Lane||EVP||Buy||35,000||$5.15||$180,250.00|| |
|3/7/2013||Jon Michael Lauer||CFO||Buy||50,000||$5.15||$257,500.00|| |
|3/7/2013||Patrick Sinks||COO||Buy||30,000||$5.15||$154,500.00|| |
|3/7/2013||Timothy J Mattke||CAO||Buy||10,000||$5.15||$51,500.00|| |
|8/9/2012||James A Karpowicz||SVP||Buy||18,700||$1.05||$19,635.00|| |
|8/8/2012||James A Karpowicz||SVP||Buy||1,300||$1.03||$1,339.00|| |
|8/6/2012||Curt S Culver||CEO||Buy||100,000||$0.98||$98,000.00|| |
|8/6/2012||Jon Michael Lauer||CFO||Buy||75,000||$0.89||$66,750.00|| |
Headline Trends for MGIC Investment Corp. (NYSE:MTG)
Latest Headlines for MGIC Investment Corp. (NYSE:MTG)
MGIC Investment Corp. (MTG) Chart for Friday, May, 26, 2017