NYSE:MTG MGIC Investment (MTG) Stock Price, News & Analysis $24.88 +0.45 (+1.84%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$24.49▼$24.9050-Day Range$20.24▼$24.8852-Week Range$16.30▼$24.90Volume1.83 million shsAverage Volume1.88 million shsMarket Capitalization$6.63 billionP/E Ratio9.57Dividend Yield1.85%Price Target$22.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get MGIC Investment alerts: Email Address MGIC Investment MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside10.9% Downside$22.17 Price TargetShort InterestHealthy3.73% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment0.64Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth3.17%From $2.52 to $2.60 Per ShareSee Full Details Hide Full Details 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.2.99 out of 5 starsFinance Sector472nd out of 898 stocksSurety Insurance Industry6th out of 8 stocks 1.2 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageMGIC Investment has only been the subject of 3 research reports in the past 90 days.Read more about MGIC Investment's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.73% 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 5.9.Change versus previous monthShort interest in MGIC Investment has recently decreased by 4.30%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 1.97%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of MGIC Investment is 17.69%. 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 17.69% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.Read more about MGIC Investment's 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 3.1 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 0.64. 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 0.49 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for MGIC Investment this week, compared to 4 articles on an average week.MarketBeat Follows3 people have added MGIC Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 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 Institutions95.58% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about MGIC Investment's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 3.17% in the coming year, from $2.52 to $2.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 9.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.44.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 9.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.03.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 7.87. 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 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about MGIC Investment's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad American Hartford Gold GroupPrepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.GET THE FREE GUIDE 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.Read More MTG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTG Stock News HeadlinesJuly 25 at 4:10 PM | marketwatch.comMGIC Investment Raises Quarterly Dividend to 13 CentsJuly 25 at 4:10 PM | msn.comMGIC Investment raises dividend by 13% to $0.13July 26, 2024 | Weiss Ratings (Ad)Nvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.July 25 at 1:04 PM | prnewswire.comMGIC Investment Corporation Announces an Increase to Quarterly DividendJuly 24 at 5:31 AM | americanbankingnews.comMGIC Investment (MTG) Set to Announce Quarterly Earnings on WednesdayJuly 19, 2024 | money.usnews.comMGIC Investment CorpJuly 18, 2024 | americanbankingnews.comMGIC Investment Co. (NYSE:MTG) Given Consensus Rating of "Hold" by AnalystsJuly 8, 2024 | seekingalpha.comMGIC Investment: Limited Upside Given Earnings Are Likely PeakingJuly 26, 2024 | DTI (Ad)Heard about the 72-Hour Profit Surge? Read this…One of the most overlooked opportunities in the stock market is the 72-Hour Profit Surge... A short period of time where we can bet on a stock that is ALREADY “winning.” Let me give you a perfect example of how the Surge worked with Ross Stores. Back on November 16th, a little move was made that sent their stock soaring… The next day, my system would have alerted me that Ross Stores had entered the 72-Hour Profit Surge…July 1, 2024 | prnewswire.comMGIC Investment Corporation Schedules 2nd Quarter 2024 Earnings CallMay 16, 2024 | msn.comUpdate: GAMB and MGIC, May 16May 7, 2024 | finance.yahoo.comMGIC Investment Corp's Dividend AnalysisMay 4, 2024 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?May 3, 2024 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Q1 2024 Earnings Call TranscriptMay 3, 2024 | finance.yahoo.comMGIC Investment Corp (MTG) (Q1 2024) Earnings Call Transcript Highlights: Strong Financial ...May 1, 2024 | investorplace.comMTG Stock Earnings: MGIC Investment Beats EPS, Misses Revenue for Q1 2024May 1, 2024 | sfgate.comMGIC: Q1 Earnings SnapshotMay 1, 2024 | finance.yahoo.comMGIC Investment Corp (MTG) Q1 2024 Earnings: Surpasses Analyst Revenue ForecastsSee 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 Company Calendar Last Earnings5/01/2024Ex-Dividend for 5/21 Dividend5/08/2024Dividend Payable5/21/2024Today7/26/2024Next Earnings (Confirmed)7/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance Current SymbolNYSE:MTG CUSIP55284810 CIK876437 Webmtg.mgic.com Phone(414) 347-6480Fax414-347-6696Employees627Year FoundedN/APrice Target and Rating Average Stock Price Target$22.17 High Stock Price Target$25.00 Low Stock Price Target$20.00 Potential Upside/Downside-9.6%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.60 Trailing P/E Ratio9.43 Forward P/E Ratio9.73 P/E Growth7.87Net Income$712.95 million Net Margins62.85% Pretax Margin79.49% Return on Equity15.00% Return on Assets11.57% Debt Debt-to-Equity Ratio0.13 Current Ratio1.05 Quick Ratio1.05 Sales & Book Value Annual Sales$1.16 billion Price / Sales5.66 Cash Flow$2.87 per share Price / Cash Flow8.53 Book Value$18.29 per share Price / Book1.34Miscellaneous Outstanding Shares266,590,000Free Float263,788,000Market Cap$6.54 billion OptionableOptionable Beta1.28 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Timothy James Mattke (Age 48)CEO & Director Comp: $2.74MMr. Salvatore Antonino Miosi (Age 56)President & COO Comp: $1.9MMr. Nathaniel Howe Colson (Age 40)Executive VP & CFO Comp: $1.15MMs. Paula Christine Maggio (Age 55)Executive VP, General Counsel & Secretary Comp: $1.36MMs. Julie Kay Sperber (Age 50)VP, Controller & Chief Accounting Officer Ms. Dianna L. HigginsSenior Vice President of Investor RelationsMr. Danny Garcia-VelezSenior Vice President of Sales & Business DevelopmentMs. Annette M. AdamsSenior VP & Chief Human Resources Officer of MGICMr. Robert J. Candelmo (Age 60)Senior VP & Chief Information Officer of MGIC Mr. Shreyans JainSenior Vice President of Mortgage Risk AnalyticsMore ExecutivesKey CompetitorsRadian GroupNYSE:RDNTFS FinancialNASDAQ:TFSLWalker & DunlopNYSE:WDSimply Good FoodsNASDAQ:SMPLWSFS FinancialNASDAQ:WSFSView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpSold 60,106 shares on 7/26/2024Ownership: 1.108%Legato Capital Management LLCBought 7,572 shares on 7/26/2024Ownership: 0.032%State of Michigan Retirement SystemSold 2,700 shares on 7/26/2024Ownership: 0.024%Allspring Global Investments Holdings LLCSold 48,721 shares on 7/26/2024Ownership: 0.014%Louisiana State Employees Retirement SystemSold 3,000 shares on 7/24/2024Ownership: 0.028%View All Institutional Transactions MTG Stock Analysis - Frequently Asked Questions How have MTG shares performed this year? MGIC Investment's stock was trading at $19.29 at the beginning of 2024. Since then, MTG stock has increased by 29.0% and is now trading at $24.88. View the best growth stocks for 2024 here. How were MGIC Investment's earnings last quarter? MGIC Investment Co. (NYSE:MTG) released its earnings results on Wednesday, May, 1st. The insurance provider reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. 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. Who are MGIC Investment's major shareholders? MGIC Investment's top institutional shareholders include Bank of New York Mellon Corp (1.11%), Wealth Enhancement Advisory Services LLC (0.62%), Leeward Investments LLC MA (0.26%) and Retirement Systems of Alabama (0.12%). Insiders that own company stock include Gary A Poliner and Daniel A Arrigoni. 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. What other stocks do shareholders of MGIC Investment own? Based on aggregate information from My MarketBeat watchlists, some other companies that MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Ford Motor (F), Radian Group (RDN), AT&T (T), Bank of America (BAC) and Energy Transfer (ET). 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