MGIC Investment Stock Price, Forecast & Analysis (NYSE:MTG)

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

MGIC Investment announced a quarterly dividend on Thursday, October 24th. Investors of record on Monday, November 11th will be paid a dividend of $0.06 per share on Monday, November 25th. This represents a $0.24 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, November 7th. View MGIC Investment's Dividend History.

MGIC Investment declared that its board has authorized a stock buyback plan on Wednesday, March 20th 2019, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings data on Tuesday, October, 22nd. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.05. The insurance provider had revenue of $318.38 million for the quarter, compared to the consensus estimate of $299 million. MGIC Investment had a return on equity of 16.61% and a net margin of 55.08%. The firm's revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. View MGIC Investment's Earnings History.

MGIC Investment is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for MGIC Investment.

4 brokers have issued 1-year target prices for MGIC Investment's shares. Their forecasts range from $14.00 to $18.50. On average, they anticipate MGIC Investment's share price to reach $16.83 in the next twelve months. This suggests a possible upside of 19.8% from the stock's current price. View Analyst Price Targets for MGIC Investment.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

News stories about MTG stock have trended extremely negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGIC Investment earned a daily sentiment score of -4.6 on InfoTrie's scale. They also gave news headlines about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for MGIC Investment.

MGIC Investment saw a decline in short interest during the month of October. As of October 31st, there was short interest totalling 4,720,000 shares, a decline of 11.4% from the September 30th total of 5,330,000 shares. Based on an average daily trading volume, of 2,990,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.4% of the company's stock are short sold. View MGIC Investment's Current Options Chain.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), New York Community Bancorp (NYCB), Radian Group (RDN), Lendingtree (TREE), TFS Financial (TFSL), Washington Federal (WAFD), Simply Good Foods (SMPL), WSFS Financial (WSFS), LegacyTexas Financial Group (LTXB), Walker & Dunlop (WD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), Berkshire Hills Bancorp (BHLB) and Brookline Bancorp (BRKL).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Radian Group (RDN), GWG (GWGH), Ford Motor (F), General Electric (GE), Gilead Sciences (GILD), Micron Technology (MU), Bank of America (BAC) and Advanced Micro Devices (AMD).

MGIC Investment's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (1.66%), Russell Investments Group Ltd. (1.22%), Bayview Asset Management LLC (1.11%), First Trust Advisors LP (0.43%), California Public Employees Retirement System (0.26%) and Alberta Investment Management Corp (0.13%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, Julie K Sperber, Michael E Lehman and Patrick Sinks. View Institutional Ownership Trends for MGIC Investment.

MTG stock was sold by a variety of institutional investors in the last quarter, including Bayview Asset Management LLC, Monarch Partners Asset Management LLC, Mackay Shields LLC, Dupont Capital Management Corp, Origin Asset Management LLP, Tower Research Capital LLC TRC , Alberta Investment Management Corp and Robeco Institutional Asset Management B.V.. Company insiders that have sold MGIC Investment company stock in the last year include Julie K Sperber and Patrick Sinks. View Insider Buying and Selling for MGIC Investment.

MTG stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Vaughan Nelson Investment Management L.P., Sumitomo Mitsui Trust Holdings Inc., State of New Jersey Common Pension Fund D, Eagle Asset Management Inc., California Public Employees Retirement System, Beach Point Capital Management LP and Virginia Retirement Systems ET AL. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni and Michael E Lehman. View Insider Buying and Selling for MGIC Investment.

Shares of MTG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MTG stock can currently be purchased for approximately $14.05.

MGIC Investment has a market capitalization of $4.90 billion and generates $1.12 billion in revenue each year. The insurance provider earns $670.10 million in net income (profit) each year or $1.78 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.View Additional Information About MGIC Investment.

The official website for MGIC Investment is http://mtg.mgic.com/.

MGIC Investment's mailing address is 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202. The insurance provider can be reached via phone at 414-347-6480 or via email at [email protected]