MGIC Investment Corp. Company Profile (NYSE:MTG)

About MGIC Investment Corp.

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
  • Exchange: NYSE
  • Symbol: MTG
  • CUSIP: 55284810
Key Metrics:
  • Previous Close: $10.67
  • 50 Day Moving Average: $10.64
  • 200 Day Moving Average: $9.16
  • 52-Week Range: $5.36 - $11.35
  • Trailing P/E Ratio: 12.42
  • Foreward P/E Ratio: 9.70
  • P/E Growth: 1.42
  • Market Cap: $3.64B
  • Outstanding Shares: 340,990,000
  • Beta: 2.52
Profitability:
  • 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%
Additional Links:
Companies Related to MGIC Investment Corp.:

Analyst Ratings

Consensus Ratings for MGIC Investment Corp. (NYSE:MTG) (?)
Ratings Breakdown: 2 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.78)
Consensus Price Target: $11.19 (4.85% upside)

Analysts' Ratings History for MGIC Investment Corp. (NYSE:MTG)
Show:
DateFirmActionRatingPrice TargetDetails
2/13/2017FBR & CoBoost Price TargetOutperform$12.00 -> $13.00View Rating Details
2/8/2017Credit Suisse GroupSet Price TargetHold$10.00View Rating Details
1/22/2017BTIG ResearchReiterated RatingBuy$12.00View Rating Details
1/9/2017Barclays PLCReiterated RatingBuy$13.00View Rating Details
12/12/2016Deutsche Bank AGUpgradeHold -> Buy$9.00 -> $12.00View Rating Details
10/19/2016Compass PointDowngradeBuy -> Hold$10.00View Rating Details
10/17/2016Bank of America CorpInitiated CoverageBuy$10.00View Rating Details
10/4/2016Keefe, Bruyette & WoodsBoost Price TargetOutperform$9.00 -> $9.50View Rating Details
8/25/2016MKM PartnersReiterated RatingBuyView Rating Details
1/22/2016Goldman Sachs Group, Inc. (The)Reiterated RatingConviction-Buy -> Buy$11.00 -> $10.00View Rating Details
10/8/2015MacquarieLower Price TargetNeutral$12.00 -> $11.00View Rating Details
7/14/2015JMP SecuritiesBoost Price TargetMarket Outperform$11.50 -> $12.50View Rating Details
(Data available from 2/28/2015 forward)

Earnings

Earnings History for MGIC Investment Corp. (NYSE:MTG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/17/2017        
1/19/2017Q4 2016$0.22$0.28$264.69 million$266.50 millionViewListenView Earnings Details
10/18/2016Q316$0.19$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$0.15$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$0.14$0.12$237.13 million$231.20 millionViewListenView Earnings Details
4/22/2014$0.11$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)
Current Year EPS Consensus Estimate: $1.00 EPS
Next Year EPS Consensus Estimate: $1.10 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.23$0.23$0.23
Q2 20161$0.21$0.21$0.21
Q3 20161$0.23$0.23$0.23
Q4 20161$0.21$0.21$0.21
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 History for MGIC Investment Corp. (NYSE:MTG)
Insider Ownership Percentage: 0.98%
Institutional Ownership Percentage: 90.48%
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

Latest Headlines for MGIC Investment Corp. (NYSE:MTG)
DateHeadline
finance.yahoo.com logoMGIC INVESTMENT CORP Financials (NYSE:MTG)
finance.yahoo.com - February 25 at 6:18 PM
News IconToday Analysts Focus on MGIC Investment Corp. (MTG), LaSalle Hotel Properties (LHO) - StockNewsJournal (NYSE:MTG)
stocknewsjournal.com - February 24 at 4:04 PM
News IconThe Technical Case for and Against MGIC Investment Corporation (MTG) - The USA Commerce (NYSE:MTG)
theusacommerce.com - February 24 at 4:04 PM
News IconDigging Up the Facts on MGIC Investment Corporation (MTG) (NYSE:MTG)
eleganthomesinla.com - February 23 at 11:45 PM
News Icon129 hedge funds sold their entire positions in MGIC Investment Corporation (MTG) (NYSE:MTG)
cloudhostinghq.net - February 23 at 11:45 PM
News IconAre MGIC Investment Corporation (MTG) EPS Estimates Revised? (NYSE:MTG)
ekosvoice.com - February 23 at 11:45 PM
News IconMGIC Investment Corporation (NYSE:MTG) Analysts Recommendations and Insider Trading (NYSE:MTG)
prensariotiretail.com - February 23 at 11:45 PM
News IconStock Price of MGIC Investment Corporation (MTG) Decreases -4.29% (NYSE:MTG)
www.graffiotech.com - February 23 at 6:43 PM
News IconThe Charts For MGIC Investment Corporation (MTG) Is Attracting Massive Attention - NY Stock News (NYSE:MTG)
nystocknews.com - February 23 at 8:39 AM
News IconForward Earnings Estimate of MGIC Investment Corporation(MTG) - Highland Mirror (NYSE:MTG)
www.highlandmirror.com - February 23 at 8:39 AM
nasdaq.com logoMGIC Investment (MTG) Up 2.7% Since Earnings Report: Can It ... - Nasdaq (NYSE:MTG)
www.nasdaq.com - February 23 at 8:39 AM
News IconAnalyst's Predictions on MGIC Investment Corporation (MTG), TransUnion (TRU) - StockNewsJournal (NYSE:MTG)
stocknewsjournal.com - February 22 at 8:34 AM
News IconThe Technicals For MGIC Investment Corporation (MTG) Have Been Dissected (Brutally) - NY Stock News (NYSE:MTG)
nystocknews.com - February 22 at 8:34 AM
finance.yahoo.com logoMGIC Investment (MTG) Up 2.7% Since Earnings Report: Can It Continue? (NYSE:MTG)
finance.yahoo.com - February 22 at 8:34 AM
marketwatch.com logo10-K: MGIC INVESTMENT CORP (NYSE:MTG)
www.marketwatch.com - February 21 at 6:15 PM
seekingalpha.com logoMGIC Investment Corporation (MTG) (NYSE:MTG)
seekingalpha.com - February 21 at 6:15 PM
biz.yahoo.com logoMGIC INVESTMENT CORP Files SEC form 8-K, Other Events (NYSE:MTG)
biz.yahoo.com - February 21 at 6:15 PM
News IconThe Charts For MGIC Investment Corporation (MTG) Is Speaking Volumes Today - NY Stock News (NYSE:MTG)
nystocknews.com - February 17 at 4:28 PM
News IconChecking Indicator Levels for MGIC Investment Corp. (MTG) - Baldwin Journal (NYSE:MTG)
baldwinjournal.com - February 17 at 4:28 PM
nasdaq.com logoMGIC Investment (MTG): Time to Add the Stock to Portfolio? - Nasdaq (NYSE:MTG)
www.nasdaq.com - February 17 at 4:28 PM
News IconMGIC Investment Corporation (MTG) Price Target Raised to $13.00 (NYSE:MTG)
brassale.net - February 14 at 5:50 AM
News IconAnalyst Earnings Forecast Scan: MGIC Investment Corporation (MTG) (NYSE:MTG)
latribunadecanarias.com - February 14 at 12:50 AM
News IconThe Cipher Capital LP Has $7601000 Stake in MGIC Investment Corporation (MTG) (NYSE:MTG)
xboxonezone.com - February 14 at 12:50 AM
News IconStock Price of MGIC Investment Corporation (MTG) Increases 0.99% (NYSE:MTG)
eleganthomesinla.com - February 14 at 12:50 AM
News IconROE of MGIC Investment Corp. (NYSE:MTG) stands at 13.7 (NYSE:MTG)
techknowbits.com - February 14 at 12:50 AM
fool.com logoBillionaires Are Dumping These 5 Stocks. Should You? (NYSE:MTG)
www.fool.com - February 14 at 12:50 AM
News IconBuy, Sell or Hold? Analysts Approach: MGIC Investment Corporation (MTG), Diamond Offshore Drilling, Inc. (DO)? - The USA Commerce (NYSE:MTG)
theusacommerce.com - February 13 at 7:49 PM
zacks.com logoIs MGIC Investment a Suitable Stock for Value Investors? (NYSE:MTG)
www.zacks.com - February 13 at 10:05 AM
News IconShares in Review: MGIC Investment Corp. (MTG) - Providence Standard (NYSE:MTG)
providencestandard.com - February 10 at 12:45 AM
News IconDrilling Down Into MGIC Investment Corporation (MTG) - StockNewsJournal (NYSE:MTG)
stocknewsjournal.com - February 9 at 7:45 PM
finance.yahoo.com logoMGIC Investment Corporation Releases Monthly Operating Statistics (NYSE:MTG)
finance.yahoo.com - February 8 at 7:33 PM
finance.yahoo.com logo6:49 am MGIC Investment releases monthly operating statistics; insurance in force +4.5% y/y to $182.8 bln (NYSE:MTG)
finance.yahoo.com - February 8 at 7:33 PM
News IconDrilling Down Into the Charts for MGIC Investment Corporation (MTG) - The USA Commerce (NYSE:MTG)
theusacommerce.com - February 7 at 8:32 AM
News IconJetBlue Airways Corporation (JBLU), MGIC Investment Corporation (MTG) Stock Eyes Ahead of Earnings - The USA Commerce (NYSE:MTG)
theusacommerce.com - February 7 at 8:32 AM
News IconAnalyst's Proposition on MGIC Investment Corporation (MTG), Cousins Properties Incorporated (CUZ) - The USA Commerce (NYSE:MTG)
www.theusacommerce.com - February 6 at 6:47 PM
News IconStock Price of MGIC Investment Corporation (MTG) Increases 7.98 ... - Highland Mirror (NYSE:MTG)
www.highlandmirror.com - February 6 at 6:47 PM
News IconEquity Perception: Analyst's Indicator Review for Range Resources Corporation (RRC), MGIC Investment Corporation ... - The USA Commerce (NYSE:MTG)
theusacommerce.com - February 5 at 8:13 AM
News IconInvestment Research Analysts Opinion: Range Resources Corporation (RRC), MGIC Investment Corporation (MTG) (NYSE:MTG)
xboxonezone.com - February 4 at 12:26 AM
News IconThe MGIC Investment Corporation (MTG) Receives Consensus Rating of "Buy" from Analysts (NYSE:MTG)
mundoaguaysaneamiento.net - February 3 at 12:33 AM
nasdaq.com logoMGIC Investment Reaches Analyst Target Price (NYSE:MTG)
www.nasdaq.com - February 2 at 7:32 PM
us.rd.yahoo.com logoAllstate (ALL) Q4 Earnings Beat Estimates on High Premiums (NYSE:MTG)
us.rd.yahoo.com - February 2 at 7:32 PM
News IconEarnings Forecast Research on MGIC Investment Corporation (MTG) - Highland Mirror (NYSE:MTG)
www.highlandmirror.com - February 2 at 12:44 AM
News IconGraybill Bartz Assoc Ltd Boosts Position by $3899827 in MGIC Investment Corp. (MTG) - Highland Mirror (NYSE:MTG)
www.highlandmirror.com - January 31 at 7:37 PM
News IconChecking Out the Technicals for MGIC Investment Corporation (MTG) - The USA Commerce (NYSE:MTG)
theusacommerce.com - January 31 at 7:37 PM
finance.yahoo.com logoReinsurance Group (RGA) Q4 Earnings Beat, Decrease Y/Y (NYSE:MTG)
finance.yahoo.com - January 31 at 7:37 PM
News IconDigging Up the Facts on MGIC Investment Corporation (MTG) - StockNewsJournal (NYSE:MTG)
stocknewsjournal.com - January 30 at 7:23 PM
News IconNoteworthy Financial Stock: MGIC Investment Corporation's (MTG) (NYSE:MTG)
xboxonezone.com - January 28 at 6:49 PM
News IconThe Technical Facts on MGIC Investment Corporation (MTG) - The USA Commerce (NYSE:MTG)
theusacommerce.com - January 28 at 2:18 AM
News IconSteering Attention Towards Earnings; Analysts Weigh in on MGIC Investment Corporation (NYSE:MTG) Stock - Aiken Advocate (NYSE:MTG)
aikenadvocate.com - January 26 at 10:21 PM
News IconWatching the Charts on Shares of MGIC Investment Corp. (MTG) - Springdale Times (NYSE:MTG)
springdaletimes.com - January 26 at 10:21 PM

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What is MGIC Investment Corp.'s stock symbol?

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

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 forecasts range from $9.50 to $13.00. On average, they anticipate MGIC Investment Corp.'s share price to reach $11.19 in the next twelve months.

When will MGIC Investment Corp. announce their earnings?

MGIC Investment Corp. is scheduled to release their next quarterly earnings announcement on Monday, April, 17th 2017.

What are analysts saying about MGIC Investment Corp. stock?

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

  • According to Zacks Investment Research, "Shares of MGIC Investment significantly outperformed the Zacks categorized Multi line industry, since it reported better-than-expected fourth-quarter earnings. Though the company expects to write $46 billion of new insurance in 2017, insurance in force is expected to increase. This apart, the company remains focused in enhancing shareholders’ value and be a major contributor to housing finance policy. Going ahead, we expect this metric to rise further. 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. With respect to quarterly results, MGIC Investment earnings beat expectations in the fourth-quarter.  New insurance written continue to improve." (2/10/2017)

  • Credit Suisse Group 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)

Who owns MGIC Investment Corp. stock?

MGIC Investment Corp.'s stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (4.49%), State Street Corp (3.52%), Renaissance Technologies LLC (2.35%), Marshall Wace LLP (1.59%), Janus Capital Management LLC (1.17%) and Endeavour Capital Advisors Inc. (0.93%). Company insiders that own MGIC Investment Corp. stock include C Edward Chaplin, Cassandra C Carr, Daniel A Arrigoni, Donald T Nicolaisen, Gregory A Chi, Jeffrey H Lane, Lawrence J Pierzchalski, Stephen C Mackey and Timothy A Holt.

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 Two Sigma Investments LP, Capital Returns Management LLC, PARUS FINANCE UK Ltd, Marshall Wace LLP, Janus Capital Management LLC, AQR Capital Management LLC, Saba Capital Management L.P. and Oarsman Capital Inc..

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

MGIC Investment Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Russell Investments Group Ltd., Leuthold Group LLC, Meru Capital Group LP, Robertson Opportunity Capital LLC, Gillson Capital LP, Dimensional Fund Advisors LP and Guggenheim Capital LLC. 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.

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 $10.67.

MGIC Investment Corp. (NYSE:MTG) Chart for Tuesday, February, 28, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for MGIC Investment Corp. (NYSE:MTG)

Earnings History Chart

Earnings by Quarter for MGIC Investment Corp. (NYSE:MTG)

Dividend History Chart

Dividend Payments by Quarter for MGIC Investment Corp. (NYSE:MTG)

Last Updated on 2/28/2017 by MarketBeat.com Staff