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: $7.99
  • 50 Day Moving Average: $7.02
  • 200 Day Moving Average: $6.96
  • Trailing P/E Ratio: 3.30
  • Foreward P/E Ratio: 8.50
  • P/E Growth: 5.44
  • Market Cap: $2.72B
  • Outstanding Shares: 340,641,000
  • Beta: 2.99
Additional Links:
Companies Related to MGIC Investment Corp.:

Analyst Ratings

Consensus Ratings for MGIC Investment Corp. (NYSE:MTG) (?)
Ratings Breakdown: 3 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $10.15 (27.03% upside)

Analysts' Ratings History for MGIC Investment Corp. (NYSE:MTG)
DateFirmActionRatingPrice TargetDetails
8/6/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
7/20/2016Compass PointUpgradeNeutral -> Buy$8.50 -> $9.00View Rating Details
7/20/2016FBR & CoBoost Price TargetOutperform$7.50 -> $9.00View Rating Details
7/19/2016BTIG ResearchReiterated RatingBuy$12.00View Rating Details
5/2/2016Credit Suisse Group AGBoost Price TargetNeutral$8.00 -> $10.00View Rating Details
1/22/2016Barclays PLCLower Price TargetOverweight$14.00 -> $10.00View Rating Details
1/22/2016Goldman Sachs Group Inc.Reiterated RatingConviction-Buy -> Buy$11.00 -> $10.00View Rating Details
1/21/2016MKM PartnersLower Price TargetBuy$13.00 -> $10.00View Rating Details
10/12/2015Keefe, Bruyette & WoodsUpgradeMarket Perform -> Outperform$11.00 -> $11.50View 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 8/24/2014 forward)


Earnings History for MGIC Investment Corp. (NYSE:MTG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for MGIC Investment Corp. (NYSE:MTG)
Current Year EPS Consensus Estimate: $0.83 EPS
Next Year EPS Consensus Estimate: $0.94 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)


Dividend History for MGIC Investment Corp. (NYSE:MTG)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading History for MGIC Investment Corp. (NYSE:MTG)
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)


Latest Headlines for MGIC Investment Corp. (NYSE:MTG)
News IconStock Trading Above Moving Averages: MGIC Investment Corp. (NYSE:MTG) - Post News (NYSE:MTG) - August 22 at 6:18 PM
News IconWatch-List Fin Stocks: MGIC Investment Corp. (NYSE:MTG), JPMorgan Chase & Co. (NYSE:JPM) - share market updates (press release) (NYSE:MTG) - August 22 at 10:55 AM logoCan MGIC Investment Corporation (NYSE:MTG) Surprise Analysts? - Investor Newswire (NYSE:MTG) - August 19 at 6:13 PM
News IconTraders Recap:Netflix, Inc. (NASDAQ:NFLX), MGIC Investment Corp.(NYSE:MTG) - NYSE Journal (press release) (NYSE:MTG) - August 19 at 6:13 PM logoStocks Under Consideration: MGIC Investment Corp. (MTG), QUALCOMM Incorporated (QCOM), Macy's, Inc. (M) - iStreetWire (NYSE:MTG) - August 17 at 6:33 PM logoStocks In Queue: MGIC Investment Corp. (MTG), Newell Brands Inc. (NWL), Ross Stores Inc. (ROST) - iStreetWire (NYSE:MTG) - August 15 at 6:30 PM
News IconAnalyst Recommendation Worth Stating Today: MGIC Investment Corp. (NYSE:MTG) - The Voice Registrar (NYSE:MTG) - August 12 at 9:34 AM
News IconMGIC delinquent inventory decreases more than 20% (NYSE:MTG) - August 10 at 9:23 AM logo3 Stocks to Watch For: MGIC Investment Corp. (MTG), Baker Hughes Incorporated (BHI), Duke Energy Corporation (DUK) - iStreetWire (NYSE:MTG) - August 9 at 6:34 PM
News IconSM Energy Co (NYSE:SM) & MGIC Investment Corp. (NYSE:MTG) are Hot Stocks - Money News (press release) (NYSE:MTG) - August 9 at 6:34 PM logoLooking At Recent Analyst Ratings: MGIC Investment Corp. (NYSE ... - Review Fortune (NYSE:MTG) - August 9 at 9:28 AM logoStocks Buzz: MGIC Investment Corp. (MTG) The Bank of New York Mellon Corporation (BK) Coeur Mining, Inc. (CDE) - iStreetWire (NYSE:MTG) - August 8 at 10:57 AM logoMGIC Investment Corporation Releases Monthly Operating Statistics (NYSE:MTG) - August 8 at 10:57 AM
News IconFin Stocks in Hub: Vereit Inc (NYSE:VER), MGIC Investment Corp. (NYSE:MTG) - share market updates (press release) (NYSE:MTG) - August 5 at 6:30 PM logoKeep an eye on Analyst Actions: Citigroup Inc. (NYSE:C) , MGIC Investment Corporation (NYSE:MTG) - Street Updates (NYSE:MTG) - August 5 at 6:30 PM logoNotable Analyst Views: Wendys Co (NASDAQ:WEN), MGIC Investment Corp. (NYSE:MTG) - Review Fortune (NYSE:MTG) - August 5 at 6:30 PM logoMGIC INVESTMENT CORP Financials (NYSE:MTG) - August 5 at 6:30 PM logoMGIC INVESTMENT CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial O (NYSE:MTG) - August 5 at 6:30 PM logoStocks Trend Analysis: MGIC Investment (MTG), Vista Gold (VGZ) MGM Resorts (MGM - iStreetWire (NYSE:MTG) - August 4 at 6:40 PM logo07/27/16 Q2 2016 Portfolio Supplement (NYSE:MTG) - August 4 at 6:40 PM
News IconAnalyst Stock Ratings: JetBlue Airways Corporation (NASDAQ:JBLU), MGIC Investment Corp. (NYSE:MTG) - The Wellesleys News (NYSE:MTG) - August 4 at 9:28 AM
News IconGreenlight Re Seeks Recovery in Mortgage Market After Construction, Vehicle, Florida Losses (NYSE:MTG) - August 3 at 9:36 AM logoBRIEF-MGIC Investment announces pricing of offering of $425 mln of senior notes due 2023 (NYSE:MTG) - August 2 at 6:43 PM logoMGIC Investment Corporation Announces Pricing of Offering of $425 Million of Senior Notes Due 2023 (NYSE:MTG) - August 2 at 6:36 PM
News IconU.S. Mortgage Insurers Names New Chairman (NYSE:MTG) - August 1 at 6:04 PM logoMGIC Investment Corporation Announces $350 Million Public ... - PR Newswire (press release) (NYSE:MTG) - August 1 at 10:58 AM logoMGIC Investment Corporation (MTG) Shares are Up 3.9% - Trade Calls (NYSE:MTG) - August 1 at 10:58 AM logoBRIEF-MGIC Investment announces $350 million public offering of senior notes due 2023 (NYSE:MTG) - August 1 at 8:06 AM logoMGIC Investment Corporation Announces $350 Million Public Offering of Senior Notes Due 2023 (NYSE:MTG) - August 1 at 7:21 AM logo6:51 am MGIC Investment commences a public offering of $350 million aggregate principal amount of its Senior Notes due 2023 (NYSE:MTG) - August 1 at 6:51 AM
News IconFinancial Stocks Momentum: Vereit Inc (NYSE:VER), MGIC ... - share market updates (press release) (NYSE:MTG) - July 30 at 5:44 PM logoRadian Group (RDN) Q2 Earnings, Revenues Miss Estimates (NYSE:MTG) - July 29 at 11:18 AM logoStocks in Review: CBRE Group, Inc. (CBG), MGIC Investment Corp. (MTG), Swift Transportation Company (SWFT) - iStreetWire (NYSE:MTG) - July 29 at 9:21 AM logoCompass Point Upgrades MGIC Investment Corp. to Buy - Trade Calls (NYSE:MTG) - July 29 at 9:21 AM
News IconPrice Target Estimates: MGIC Investment Corp. (NYSE:MTG) - News Oracle (NYSE:MTG) - July 28 at 9:32 AM
News IconStock Analyst-Opinion Need Close Attention about MGIC Investment Corp. (NYSE:MTG) - The Voice Registrar (NYSE:MTG) - July 27 at 9:17 AM logoNoteworthy Analyst's Rating to Observe: MGIC Investment Corporation (NYSE:MTG) , SLM Corporation (NASDAQ:SLM) - Street Updates (NYSE:MTG) - July 27 at 9:17 AM
News IconMGIC Investment Corp. (NYSE:MTG) : Latest Analyst's Estimates - The Voice Registrar (NYSE:MTG) - July 25 at 6:24 PM logoMGIC Investment Corporation (MTG) Shares are Up 8.13% - Trade Calls (NYSE:MTG) - July 25 at 6:24 PM logoFirst American Financial (FAF) Q2 Earnings, Revenues Beat (NYSE:MTG) - July 25 at 10:03 AM logo10 Fresh Analyst Stocks Under $10 With Massive Upside Calls (NYSE:MTG) - July 24 at 10:15 AM logoMGIC, Radiant, Essent Could See Fat Gains (NYSE:MTG) - July 23 at 10:14 AM logoStocks Highlights: MGIC Investment Corp. (MTG), DR Horton Inc. (DHI), The Blackstone Group L.P. (BX) - iStreetWire (NYSE:MTG) - July 22 at 9:16 AM
News IconFinancial Stocks Reports: Fifth Third Bancorp (NASDAQ:FITB), MGIC Investment Corp. (NYSE:MTG) - share market updates (press release) (NYSE:MTG) - July 22 at 9:16 AM
News IconBrokerage Recom. Worth Watching: MGIC Investment Corp. (NYSE:MTG) - The Voice Registrar (NYSE:MTG) - July 22 at 9:16 AM logoMGIC Investment Corp. :MTG-US: Earnings Analysis: Q2, 2016 By the Numbers : July 21, 2016 (NYSE:MTG) - July 21 at 11:25 AM logoMGIC Investment Corporation (MTG) is Trading Higher on Unusual Volume for July 19 (NYSE:MTG) - July 21 at 9:09 AM logoAnalysts Observing Trading Stocks: MGIC Investment Corporation (NYSE:MTG) , Capital One Financial Corporation ... - Street Updates (NYSE:MTG) - July 20 at 7:01 PM
News IconPhilip Morris International (NYSE:PM) & MGIC Investment (NYSE:MTG) Stocks to Track - Money News (press release) (NYSE:MTG) - July 20 at 7:01 PM logoRecent Analysts Rating Overview: MGIC Investment Corporation (NYSE:MTG) , Synchrony Financial (NYSE:SYF) - Street Updates (NYSE:MTG) - July 20 at 7:01 PM


MGIC Investment Corp. (NYSE:MTG) Chart for Wednesday, August, 24, 2016

Last Updated on 8/24/2016 by Staff