NYSE:MTG

MGIC Investment (MTG) Stock Price, News & Analysis

$21.19
+0.09 (+0.43%)
(As of 05/17/2024 ET)
Today's Range
$21.07
$21.25
50-Day Range
$19.38
$22.36
52-Week Range
$14.73
$22.43
Volume
1.10 million shs
Average Volume
1.80 million shs
Market Capitalization
$5.65 billion
P/E Ratio
8.15
Dividend Yield
2.17%
Price Target
$21.08

MGIC Investment MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
0.5% Downside
$21.08 Price Target
Short Interest
Healthy
3.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
0.93mentions of MGIC Investment in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.03%
From $2.48 to $2.58 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.27 out of 5 stars

Finance Sector

472nd out of 855 stocks

Surety Insurance Industry

4th out of 8 stocks

MTG stock logo

About MGIC Investment Stock (NYSE:MTG)

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. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

MTG Stock Price History

MTG Stock News Headlines

Update: GAMB and MGIC, May 16
MGIC Investment Corp's Dividend Analysis
MGIC: Q1 Earnings Snapshot
KBW Reaffirms Their Buy Rating on MGIC Investment (MTG)
Radian Group (RDN) Q4 Earnings Top, Revenues Rise Y/Y
Everest Group (EG) Q4 Earnings Beat on Improved Premiums
Buy MGIC - Slow, Steady And Still Cheap
See More Headlines
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Company Calendar

Ex-Dividend for 3/5 Dividend
2/14/2024
Dividend Payable
3/05/2024
Last Earnings
5/01/2024
Ex-Dividend for 5/21 Dividend
5/08/2024
Today
5/18/2024
Dividend Payable
5/21/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Surety insurance
Sub-Industry
Thrifts & Mortgage Finance
CUSIP
55284810
Employees
627
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.08
High Stock Price Target
$24.00
Low Stock Price Target
$18.50
Potential Upside/Downside
-0.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$712.95 million
Pretax Margin
79.49%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$2.75 per share
Book Value
$19.14 per share

Miscellaneous

Free Float
263,788,000
Market Cap
$5.65 billion
Optionable
Optionable
Beta
1.24
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Key Executives

  • Mr. Salvatore Antonino Miosi (Age 56)
    President & COO
    Comp: $1.9M
  • Mr. Nathaniel Howe Colson (Age 40)
    Executive VP & CFO
    Comp: $1.15M
  • Ms. Paula Christine Maggio (Age 55)
    Executive VP, General Counsel & Secretary
    Comp: $1.36M
  • Mr. Timothy James Mattke (Age 48)
    CEO & Director
    Comp: $2.89M
  • Ms. Julie Kay Sperber (Age 50)
    VP, Controller & Chief Accounting Officer
  • Ms. Dianna L. Higgins
    Senior Vice President of Investor Relations
  • Mr. Danny Garcia-Velez
    Senior Vice President of Sales & Business Development
  • Ms. Annette M. Adams
    Senior VP & Chief Human Resources Officer of MGIC
  • Mr. Robert J. Candelmo (Age 60)
    Senior VP & Chief Information Officer of MGIC
  • Mr. Shreyans Jain
    Senior Vice President of Mortgage Risk Analytics

MTG Stock Analysis - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MTG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTG, but not buy additional shares or sell existing shares.
View MTG analyst ratings
or view top-rated stocks.

What is MGIC Investment's stock price target for 2024?

5 Wall Street research analysts have issued 1-year target prices for MGIC Investment's stock. Their MTG share price targets range from $18.50 to $24.00. On average, they predict the company's stock price to reach $21.08 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for MTG
or view top-rated stocks among Wall Street analysts.

How have MTG shares performed in 2024?

MGIC Investment's stock was trading at $19.29 on January 1st, 2024. Since then, MTG shares have increased by 9.8% and is now trading at $21.19.
View the best growth stocks for 2024 here
.

When is MGIC Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our MTG earnings forecast
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) announced its quarterly earnings results on Wednesday, May, 1st. The insurance provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The insurance provider had revenue of $294.40 million for the quarter, compared to analysts' expectations of $301.62 million. MGIC Investment had a net margin of 62.85% and a trailing twelve-month return on equity of 15.00%. MGIC Investment's revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share.

How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment?

MGIC Investment declared a quarterly dividend on Thursday, April 25th. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.115 per share on Tuesday, May 21st. This represents a $0.46 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, May 8th.
Read our dividend analysis for MTG
.

Is MGIC Investment a good dividend stock?

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.20%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 17.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 17.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTG.

What is Tim Mattke's approval rating as MGIC Investment's CEO?

1 employees have rated MGIC Investment Chief Executive Officer Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among the company's employees. This puts Tim Mattke in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MGIC Investment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Ford Motor (F), Radian Group (RDN), AT&T (T), Bank of America (BAC), Energy Transfer (ET), General Electric (GE), Coty (COTY) and Freeport-McMoRan (FCX).

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.13%), LSV Asset Management (4.12%), Clearbridge Investments LLC (2.25%), Donald Smith & CO. Inc. (1.17%), NFC Investments LLC (0.72%) and William Blair Investment Management LLC (0.64%). Insiders that own company stock include Daniel A Arrigoni and Gary A Poliner.
View institutional ownership trends
.

How do I buy shares of MGIC Investment?

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

This page (NYSE:MTG) was last updated on 5/19/2024 by MarketBeat.com Staff

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