NYSE:MTG

MGIC Investment (MTG) Stock Price, News & Analysis

$20.09
-0.26 (-1.28%)
(As of 10:21 AM ET)
Today's Range
$20.03
$20.24
50-Day Range
$19.08
$22.36
52-Week Range
$13.97
$22.43
Volume
140,752 shs
Average Volume
2.02 million shs
Market Capitalization
$5.42 billion
P/E Ratio
8.07
Dividend Yield
2.29%
Price Target
$21.08

MGIC Investment MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
3.6% Upside
$21.08 Price Target
Short Interest
Healthy
3.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
1.31mentions of MGIC Investment in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.12%
From $2.43 to $2.53 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.

2.79 out of 5 stars

Finance Sector

545th out of 859 stocks

Surety Insurance Industry

6th 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

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AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
KBW Reaffirms Their Buy Rating on MGIC Investment (MTG)
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
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
Q4 2023 MGIC Investment Corp Earnings Call
Recap: MGIC Investment Q4 Earnings
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/5 Dividend
2/14/2024
Dividend Payable
3/05/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/01/2024
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
+3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$712.95 million
Pretax Margin
78.11%

Debt

Sales & Book Value

Annual Sales
$1.16 billion
Cash Flow
$2.79 per share
Book Value
$18.29 per share

Miscellaneous

Free Float
265,436,000
Market Cap
$5.49 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 analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokers have issued 1 year price targets for MGIC Investment's stock. Their MTG share price targets range from $18.50 to $24.00. On average, they predict the company's share price to reach $21.08 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
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 at the beginning of the year. Since then, MTG stock has increased by 5.5% and is now trading at $20.35.
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, May 1st 2024.
View our MTG earnings forecast
.

How can I listen to MGIC Investment's earnings call?

MGIC Investment will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) released its quarterly earnings data on Wednesday, January, 31st. The insurance provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The insurance provider earned $284.72 million during the quarter, compared to the consensus estimate of $302.96 million. MGIC Investment had a trailing twelve-month return on equity of 14.82% and a net margin of 61.72%.

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

MGIC Investment announced a quarterly dividend on Tuesday, January 23rd. Investors of record on Thursday, February 15th will be given a dividend of $0.115 per share on Tuesday, March 5th. This represents a $0.46 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, February 14th.
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 2.27%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 18.18% 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 many different institutional and retail investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.63%), Los Angeles Capital Management LLC (0.53%), Leeward Investments LLC MA (0.25%), Amalgamated Bank (0.07%), Monument Capital Management (0.05%) and Alaska Permanent Fund Corp (0.05%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner and James J Hughes.
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 4/25/2024 by MarketBeat.com Staff

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