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NYSE:MTG

MGIC Investment Stock Forecast, Price & News

$12.48
+0.08 (+0.65 %)
(As of 03/8/2021 12:00 AM ET)
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Compare
Today's Range
$12.45
Now: $12.48
$12.87
50-Day Range
$11.72
MA: $12.47
$13.74
52-Week Range
$4.34
Now: $12.48
$13.83
Volume3.64 million shs
Average Volume3.79 million shs
Market Capitalization$4.23 billion
P/E Ratio9.38
Dividend Yield1.94%
Beta1.84
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, 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 contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation 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.
MGIC Investment logo

Headlines

MGIC Investment Corp. to Host Earnings Call
February 24, 2021 |  finance.yahoo.com
MGIC Investment Q4 Results Top Estimates
February 24, 2021 |  nasdaq.com
Recap: MGIC Investment Q4 Earnings
February 24, 2021 |  finance.yahoo.com
Earnings Outlook For MGIC Investment
February 22, 2021 |  finance.yahoo.com
Understanding MGIC Investment's Ex-Dividend Date
February 15, 2021 |  finance.yahoo.com
Ex-Dividend Date Insight: MGIC Investment
February 12, 2021 |  finance.yahoo.com
MGIC Investment Reaches Analyst Target Price
January 22, 2021 |  nasdaq.com
How to trade Mgic Investment $MTG With Risk Controls
January 22, 2021 |  marketwatch.com
Interesting MTG Put Options For September 17th
January 14, 2021 |  nasdaq.com
MTG February 2021 Options Begin Trading
December 17, 2020 |  nasdaq.com
MTG Dec 2020 14.000 call
December 17, 2020 |  uk.finance.yahoo.com
MTG Dec 2020 11.000 call
December 16, 2020 |  uk.finance.yahoo.com
Is MTG A Good Stock To Buy Now?
December 15, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Surety insurance
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP55284810
Phone414-347-6480
Employees724
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.21 billion
Cash Flow$1.95 per share
Book Value$12.36 per share

Profitability

Net Income$673.76 million

Miscellaneous

Market Cap$4.23 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.27 out of 5 stars

Finance Sector

81st out of 1,938 stocks

Surety Insurance Industry

2nd out of 12 stocks

Analyst Opinion: 1.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$12.48
+0.08 (+0.65 %)
(As of 03/8/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGIC Investment (NYSE:MTG) Frequently Asked Questions

Is MGIC Investment a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGIC Investment stock.
View analyst ratings for MGIC Investment
or view top-rated stocks.

What stocks does MarketBeat like better than MGIC Investment?

Wall Street analysts have given MGIC Investment a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGIC Investment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for MGIC Investment
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) announced its earnings results on Monday, February, 22nd. The insurance provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. The insurance provider earned $302.28 million during the quarter, compared to the consensus estimate of $301.73 million. MGIC Investment had a net margin of 39.04% and a trailing twelve-month return on equity of 11.08%. The company's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share.
View MGIC Investment's earnings history
.

How has MGIC Investment's stock price been impacted by COVID-19?

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTG stock has increased by 19.7% and is now trading at $12.48.
View which stocks have been most impacted by COVID-19
.

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

MGIC Investment announced a quarterly dividend on Wednesday, January 27th. Investors of record on Wednesday, February 17th will be given a dividend of $0.06 per share on Wednesday, March 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, February 16th.
View MGIC Investment's dividend history
.

Is MGIC Investment a good dividend stock?

MGIC Investment pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.94%. MGIC Investment does not yet have a strock track record of dividend growth. The dividend payout ratio of MGIC Investment is 13.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 15.09% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.
View MGIC Investment's dividend history.

How will MGIC Investment's stock buyback program work?

MGIC Investment declared that its board has authorized a share repurchase plan on Wednesday, March 20th 2019, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

What price target have analysts set for MTG?

8 brokers have issued 12-month target prices for MGIC Investment's stock. Their forecasts range from $9.00 to $16.00. On average, they anticipate MGIC Investment's stock price to reach $13.22 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price.
View analysts' price targets for MGIC Investment
or view top-rated stocks among Wall Street analysts.

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the following people:
  • Mr. Timothy James Mattke, CEO & Director (Age 45, Pay $2.14M)
  • Mr. Salvatore Antonino Miosi, Pres & COO (Age 53, Pay $1.6M)
  • Mr. Nathaniel Howe Colson, Exec. VP & CFO (Age 36, Pay $438.09k)
  • Ms. Paula Christine Maggio, Exec. VP, Gen. Counsel & Sec. (Age 52, Pay $1.07M)
  • Mr. James Jeffrey Hughes, Exec. VP of Sales & Bus. Devel. - Mortgage Guaranty Insurance Corp. (Age 58, Pay $1.27M)
  • Ms. Julie Kay Sperber, VP, Controller & Chief Accounting Officer (Age 47)
  • Mr. Michael J. Zimmerman, Sr. VP of Investor Relations
  • Ms. Annette M. Adams, Sr. VP & Chief HR Officer
  • Mr. Nathan R. Abramowski, VP & Treasurer
  • Brian M. Remington, VP & Assistant Sec.

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

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

Who are some of MGIC Investment's key competitors?

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).

What is MGIC Investment's stock symbol?

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

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.97%), Principal Financial Group Inc. (2.24%), Barrow Hanley Mewhinney & Strauss LLC (1.94%), Norges Bank (1.81%), Bank of New York Mellon Corp (1.52%) and Clearbridge Investments LLC (1.31%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, Jodee A Kozlak, Julie K Sperber, Michael E Lehman and Patrick Sinks.
View institutional ownership trends for MGIC Investment
.

Which institutional investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including AJO LP, MARSHALL WACE ASIA Ltd, Barrow Hanley Mewhinney & Strauss LLC, Panagora Asset Management Inc., Los Angeles Capital Management LLC, Jacobs Asset Management LLC, Heartland Advisors Inc., and Almitas Capital LLC.
View insider buying and selling activity for MGIC Investment
or view top insider-selling stocks.

Which institutional investors are buying MGIC Investment stock?

MTG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Principal Financial Group Inc., Norges Bank, Morgan Stanley, Brown Advisory Inc., Bank of New York Mellon Corp, Healthcare of Ontario Pension Plan Trust Fund, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni, Jodee A Kozlak, and Michael E Lehman.
View insider buying and selling activity for MGIC Investment
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $12.48.

How much money does MGIC Investment make?

MGIC Investment has a market capitalization of $4.23 billion and generates $1.21 billion in revenue each year. The insurance provider earns $673.76 million in net income (profit) each year or $1.84 on an earnings per share basis.

How many employees does MGIC Investment have?

MGIC Investment employs 724 workers across the globe.

What is MGIC Investment's official website?

The official website for MGIC Investment is mtg.mgic.com.

Where are MGIC Investment's headquarters?

MGIC Investment is headquartered at 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202.

How can I contact MGIC Investment?

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]


This page was last updated on 3/8/2021 by MarketBeat.com Staff

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