NYSE:MTG MGIC Investment (MTG) Stock Forecast, Price & News $16.69 -0.25 (-1.48%) (As of 09/29/2023 08:53 PM ET) Add Compare Share Share Today's Range$16.68▼$17.0450-Day Range$16.69▼$18.0852-Week Range$12.13▼$18.25Volume2.44 million shsAverage Volume2.41 million shsMarket Capitalization$4.71 billionP/E Ratio6.32Dividend Yield2.76%Price Target$16.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MGIC Investment MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside0.4% Upside$16.75 Price TargetShort InterestHealthy2.95% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment1.39Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth0.42%From $2.36 to $2.37 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.92 out of 5 starsFinance Sector714th out of 881 stocksSurety Insurance Industry7th out of 8 stocks 1.3 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.75, MGIC Investment has a forecasted upside of 0.4% from its current price of $16.69.Amount of Analyst CoverageMGIC Investment has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.95% of the float of MGIC Investment has been sold short.Short Interest Ratio / Days to CoverMGIC Investment has a short interest ratio ("days to cover") of 4.6.Change versus previous monthShort interest in MGIC Investment has recently decreased by 8.44%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.72%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 17.42%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGIC Investment will have a dividend payout ratio of 19.41% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGIC Investment has received a -130.12% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Private mortgage insurances" product. See details.Environmental SustainabilityThe Environmental Impact score for MGIC Investment is -0.07. Previous Next 3.6 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for MGIC Investment this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for MTG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows2 people have added MGIC Investment to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.05% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions93.41% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 0.42% in the coming year, from $2.36 to $2.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 6.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.57.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 6.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.27.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.41. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGIC Investment has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MGIC Investment (NYSE:MTG) StockMGIC 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.Read More MTG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTG Stock News HeadlinesSeptember 29, 2023 | finance.yahoo.comThese 3 Insurance Stocks Trade Below Book and Pay DividendsSeptember 15, 2023 | finance.yahoo.comAM Best Revises Outlooks to Positive for Operating Subsidiaries of MGIC Investment CorporationOctober 2, 2023 | Oxford Club (Ad)Better Than Oil StocksThe best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. September 1, 2023 | finance.yahoo.comMGIC (MTG) Down 0.4% Since Last Earnings Report: Can It Rebound?August 28, 2023 | finance.yahoo.comMGIC Investment Corporation Announces Redemption of Outstanding 9.00% Convertible Junior Subordinated Debentures due 2063August 16, 2023 | seekingalpha.comBuy MGIC: This Time Mortgage Credit Really Is DifferentAugust 15, 2023 | finance.yahoo.comMGIC (MTG) Gains From Insurance Written as Expense Woes StayAugust 5, 2023 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Q2 2023 Earnings Call TranscriptOctober 2, 2023 | Oxford Club (Ad)Better Than Oil StocksThe best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. August 4, 2023 | benzinga.comMGIC Investment's Ex-Dividend Date Is Wednesday, Here's What You Need To KnowAugust 4, 2023 | finance.yahoo.comThere's A Lot To Like About MGIC Investment's (NYSE:MTG) Upcoming US$0.12 DividendAugust 3, 2023 | finance.yahoo.comMGIC Investment (MTG) Q2 Earnings, Revenues Top, Fall Y/YAugust 3, 2023 | finance.yahoo.comMGIC Investment Corporation Reports Second Quarter 2023 ResultsAugust 3, 2023 | seekingalpha.comMGIC Investment Non-GAAP EPS of $0.68 beats by $0.15, revenue of $290.7M misses by $1.81MAugust 3, 2023 | finance.yahoo.comCompared to Estimates, MGIC (MTG) Q2 Earnings: A Look at Key MetricsJuly 31, 2023 | finance.yahoo.comMGIC Investment (NYSE:MTG) Will Pay A Larger Dividend Than Last Year At $0.115July 28, 2023 | marketwatch.comMGIC Investment Raises Dividend 15%, to 11.5 Cents a ShareJuly 28, 2023 | msn.comMGIC Investment stock rises toward a 15-year high as dividend increase boosts yield above 2.7%July 28, 2023 | finance.yahoo.comMGIC Investment Corporation Announces an Increase to Quarterly DividendJuly 12, 2023 | msn.comBuy Housing Stock MGIC, Sell Redfin, Seriously Skewed ValuationsJuly 7, 2023 | finance.yahoo.comHere's Why Radian Group (RDN) Stock is an Attractive Pick NowJuly 6, 2023 | markets.businessinsider.comMGIC Investment Downgraded Amid Foreseen Housing Market Challenges: AnalystJuly 6, 2023 | msn.comMGIC Investment loses bull rating at RBC as stock nears fair valueJuly 6, 2023 | msn.comRBC Capital Downgrades MGIC Investment (MTG)July 5, 2023 | finance.yahoo.comMGIC Investment Corporation Schedules 2nd Quarter 2023 Earnings CallJune 29, 2023 | finance.yahoo.comRadian or MGIC Investment: Which is a Better-Positioned Stock?June 25, 2023 | msn.comMGIC's Recent Rally Reduces Upside, But The Stock Remains A 'Buy'See More Headlines Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address MTG Company Calendar Last Earnings8/02/2023Ex-Dividend for 8/24 Dividend8/09/2023Dividend Payable8/24/2023Today10/01/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:MTG CUSIP55284810 CIK876437 Webmtg.mgic.com Phone(414) 347-6480Fax414-347-6696Employees683Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.75 High Stock Price Forecast$20.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+0.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.64 Trailing P/E Ratio6.32 Forward P/E Ratio7.07 P/E Growth1.41Net Income$865.35 million Net Margins67.83% Pretax Margin85.60% Return on Equity17.26% Return on Assets12.94% Debt Debt-to-Equity Ratio0.14 Current Ratio0.66 Quick Ratio0.66 Sales & Book Value Annual Sales$1.17 billion Price / Sales4.02 Cash Flow$3.23 per share Price / Cash Flow5.17 Book Value$15.63 per share Price / Book1.07Miscellaneous Outstanding Shares282,320,000Free Float279,357,000Market Cap$4.71 billion OptionableOptionable Beta1.30 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Timothy James Mattke (Age 47)CEO & Director Comp: $2.89MMr. Salvatore Antonino Miosi (Age 55)Pres & COO Comp: $2.05MMr. Nathaniel Howe Colson (Age 39)Exec. VP & CFO Comp: $1.19MMs. Paula Christine Maggio (Age 54)Exec. VP, Gen. Counsel & Sec. Comp: $1.43MMs. Julie Kay Sperber (Age 49)VP, Controller & Chief Accounting Officer Ms. Dianna L. HigginsSr. VP of Investor RelationsMs. Annette M. AdamsSr. VP & Chief HR Officer of MGICMr. Steven Mark Thompson (Age 60)Exec. VP & Chief Risk Officer of MGIC Mr. Robert J. Candelmo (Age 59)Sr. VP & Chief Information Officer of MGIC Mr. Shreyans JainSr. VP of Mortgage Risk AnalyticsMore ExecutivesKey CompetitorsRadian GroupNYSE:RDNEssent GroupNYSE:ESNTAssured GuarantyNYSE:AGONMINASDAQ:NMIHOld Republic InternationalNYSE:ORIView All CompetitorsInsiders & InstitutionsBarclays PLCBought 466,231 shares on 9/21/2023Ownership: 0.245%Virginia Retirement Systems ET ALBought 749,130 shares on 8/22/2023Ownership: 0.265%Comerica BankBought 383,221 shares on 8/22/2023Ownership: 0.136%Teachers Retirement System of The State of KentuckyBought 4,998 shares on 8/21/2023Ownership: 0.072%Osaic Holdings Inc.Sold 12,598 shares on 8/21/2023Ownership: 0.019%View All Insider TransactionsView All Institutional Transactions MTG Stock - Frequently Asked Questions Should I buy or sell MGIC Investment stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTG shares. View MTG analyst ratings or view top-rated stocks. What is MGIC Investment's stock price forecast for 2023? 4 equities research analysts have issued 12 month price targets for MGIC Investment's shares. Their MTG share price forecasts range from $14.00 to $20.00. On average, they expect the company's stock price to reach $16.75 in the next year. This suggests a possible upside of 0.4% 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 2023? MGIC Investment's stock was trading at $13.00 at the beginning of the year. Since then, MTG stock has increased by 28.4% and is now trading at $16.69. View the best growth stocks for 2023 here. When is MGIC Investment's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. View our MTG earnings forecast. How were MGIC Investment's earnings last quarter? MGIC Investment Co. (NYSE:MTG) issued its quarterly earnings results on Wednesday, August, 2nd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. The insurance provider earned $290.70 million during the quarter, compared to analyst estimates of $292.51 million. MGIC Investment had a net margin of 67.83% and a trailing twelve-month return on equity of 17.26%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment? MGIC Investment declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.115 per share on Thursday, August 24th. This represents a $0.46 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, August 9th. This is a positive change from the stock's previous quarterly dividend of $0.10. Read our dividend analysis for MTG. What ETFs hold MGIC Investment's stock? ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Ballast Small/Mid Cap ETF (MGMT), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Financials AlphaDEX Fund (FXO), Invesco Dorsey Wright Financial Momentum ETF (PFI), SPDR S&P Bank ETF (KBE) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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 2.76%. 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 17.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 19.41% 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). What is MGIC Investment's stock symbol? MGIC Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTG." 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 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 $16.69. How much money does MGIC Investment make? MGIC Investment (NYSE:MTG) has a market capitalization of $4.71 billion and generates $1.17 billion in revenue each year. The insurance provider earns $865.35 million in net income (profit) each year or $2.64 on an earnings per share basis. How many employees does MGIC Investment have? The company employs 683 workers across the globe. How can I contact MGIC Investment? MGIC Investment's mailing address is 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202. The official website for the company is mtg.mgic.com. The insurance provider can be reached via phone at (414) 347-6480, via email at mike_zimmerman@mgic.com, or via fax at 414-347-6696. This page (NYSE:MTG) was last updated on 10/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MGIC Investment Co. 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