MGIC Investment Stock Forecast, Price & News

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

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.
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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.

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.

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.

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.
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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.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), Radian Group (RDN), Walker & Dunlop (WD), LendingTree (TREE), The Simply Good Foods (SMPL), WSFS Financial (WSFS), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), OceanFirst Financial (OCFC), Brookline Bancorp (BRKL) and Berkshire Hills Bancorp (BHLB).
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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).

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

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.

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

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.

MGIC Investment employs 724 workers across the globe.

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

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

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]