S&P 500   4,486.46
DOW   35,258.61
QQQ   372.65
S&P 500   4,486.46
DOW   35,258.61
QQQ   372.65
S&P 500   4,486.46
DOW   35,258.61
QQQ   372.65
S&P 500   4,486.46
DOW   35,258.61
QQQ   372.65
NYSE:MTG

MGIC Investment Stock Forecast, Price & News

$16.32
-0.05 (-0.31 %)
(As of 10/18/2021 12:00 AM ET)
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Today's Range
$16.26
$16.48
50-Day Range
$14.60
$16.40
52-Week Range
$9.42
$16.62
Volume2.73 million shs
Average Volume2.93 million shs
Market Capitalization$5.54 billion
P/E Ratio9.66
Dividend Yield1.95%
Beta1.76
30 days | 90 days | 365 days | Advanced Chart
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MGIC Investment logo

About MGIC Investment

MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

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Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
55284810
Employees
739
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$1.65 per share
Book Value
$13.88 per share

Profitability

Net Income
$446.09 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$5.54 billion
Next Earnings Date
11/3/2021 (Confirmed)
Optionable
Optionable

MarketRank

Overall MarketRank

2.53 out of 5 stars

Finance Sector

208th out of 1,332 stocks

Surety Insurance Industry

5th out of 8 stocks

Analyst Opinion: 1.3Community Rank: 4.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -












MGIC Investment (NYSE:MTG) Frequently Asked Questions

Is MGIC Investment a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGIC Investment stock.
View analyst ratings for MGIC Investment
or view top-rated stocks.

What stocks does MarketBeat like better than MGIC Investment?

Wall Street analysts have given MGIC Investment a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGIC Investment wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for MGIC Investment
.

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

MGIC Investment will be holding an earnings conference call on Thursday, November 4th 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) announced its quarterly earnings data on Wednesday, August, 4th. The insurance provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The insurance provider earned $297.80 million during the quarter, compared to analysts' expectations of $291.76 million. MGIC Investment had a net margin of 49.02% and a trailing twelve-month return on equity of 12.70%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share.
View MGIC Investment's earnings history
.

How has MGIC Investment's stock been impacted by COVID-19 (Coronavirus)?

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MTG stock has increased by 56.5% and is now trading at $16.32.
View which stocks have been most impacted by COVID-19
.

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

MGIC Investment declared a quarterly dividend on Friday, July 30th. Stockholders of record on Thursday, August 12th will be given a dividend of $0.08 per share on Thursday, August 26th. This represents a $0.32 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, August 11th. This is a positive change from MGIC Investment's previous quarterly dividend of $0.06.
View MGIC Investment's dividend history
.

Is MGIC Investment a good dividend stock?

MGIC Investment pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.95%. MGIC Investment does not yet have a strong track record of dividend growth. The dividend payout ratio of MGIC Investment is 24.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 16.16% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.
View MGIC Investment's dividend history.

What price target have analysts set for MTG?

6 Wall Street analysts have issued 1 year price targets for MGIC Investment's stock. Their forecasts range from $16.00 to $19.00. On average, they anticipate MGIC Investment's share price to reach $17.17 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts' price targets for MGIC Investment
or view top-rated stocks among Wall Street analysts.

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the following people:
  • Timothy J. Mattke, Chief Executive Officer & Director
  • Salvatore A. Miosi, President & Chief Operating Officer
  • Nathaniel H. Colson, Chief Financial Officer & Executive Vice President
  • Robert J. Candelmo, Chief Information Officer & Senior Vice President
  • Steven M. Thompson, Chief Risk Officer & Executive Vice President

What is Tim Mattke's approval rating as MGIC Investment's CEO?

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.

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."

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by many different retail and institutional investors. Top institutional investors include Foundry Partners LLC (0.41%), Nisa Investment Advisors LLC (0.05%), Louisiana State Employees Retirement System (0.03%), Symmetry Partners LLC (0.02%), Pacer Advisors Inc. (0.01%) and Arden Trust Co (0.01%). Company insiders that own MGIC Investment stock include James J Hughes, Jodee A Kozlak, Julie K Sperber, Michael E Lehman and Patrick Sinks.
View institutional ownership trends for MGIC Investment
.

Which major investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Pacer Advisors Inc., Fortem Financial Group LLC, and Louisiana State Employees Retirement System.
View insider buying and selling activity for MGIC Investment
or view top insider-selling stocks.

Which major investors are buying MGIC Investment stock?

MTG stock was acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Symmetry Partners LLC, Wedge Capital Management L L P NC, and Arden Trust Co. Company insiders that have bought MGIC Investment stock in the last two years include Jodee A Kozlak, and Michael E Lehman.
View insider buying and selling activity for MGIC Investment
or or view top insider-buying stocks.

How do I buy shares of MGIC Investment?

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.
Compare Top Brokerages Here.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $16.32.

How much money does MGIC Investment make?

MGIC Investment has a market capitalization of $5.54 billion and generates $1.20 billion in revenue each year. The insurance provider earns $446.09 million in net income (profit) each year or $1.32 on an earnings per share basis.

How many employees does MGIC Investment have?

MGIC Investment employs 739 workers across the globe.

What is MGIC Investment's official website?

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

Where are MGIC Investment's headquarters?

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

How can I contact MGIC Investment?

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].


This page was last updated on 10/19/2021 by MarketBeat.com Staff

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