MGIC Investment Corp. Company Profile (NYSE:MTG)

About MGIC Investment Corp.

MGIC Investment Corp. logoMGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, the Company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation. The Company's subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Thrifts & Mortgage Finance
  • Exchange: NYSE
  • Symbol: MTG
  • CUSIP: 55284810
Key Metrics:
  • Previous Close: $8.00
  • 50 Day Moving Average: $7.98
  • 200 Day Moving Average: $7.16
  • 52-Week Range: $5.36 - $10.05
  • Trailing P/E Ratio: 3.30
  • Foreward P/E Ratio: 8.51
  • P/E Growth: 4.79
  • Market Cap: $2.73B
  • Outstanding Shares: 340,641,000
  • Beta: 2.79
Profitability:
  • Net Margins: 105.16%
  • Return on Equity: 18.40%
  • Return on Assets: 7.26%
Debt:
  • Debt-to-Equity Ratio: 0.42%
  • Current Ratio: 0.23%
  • Quick Ratio: 0.23%
Additional Links:
Companies Related to MGIC Investment Corp.:

Analyst Ratings

Consensus Ratings for MGIC Investment Corp. (NYSE:MTG) (?)
Ratings Breakdown: 3 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $10.15 (26.88% upside)

Analysts' Ratings History for MGIC Investment Corp. (NYSE:MTG)
Show:
DateFirmActionRatingPrice TargetDetails
9/23/2016FBR & CoReiterated RatingOutperformView Rating Details
8/25/2016MKM PartnersReiterated RatingBuyView Rating Details
8/6/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
7/20/2016Compass PointUpgradeNeutral -> Buy$8.50 -> $9.00View Rating Details
7/19/2016BTIG ResearchReiterated RatingBuy$12.00View Rating Details
5/2/2016Credit Suisse Group AGBoost Price TargetNeutral$8.00 -> $10.00View Rating Details
1/22/2016Barclays PLCLower Price TargetOverweight$14.00 -> $10.00View Rating Details
1/22/2016Goldman Sachs Group Inc.Reiterated RatingConviction-Buy -> Buy$11.00 -> $10.00View Rating Details
10/12/2015Keefe, Bruyette & WoodsUpgradeMarket Perform -> Outperform$11.00 -> $11.50View Rating Details
10/8/2015MacquarieLower Price TargetNeutral$12.00 -> $11.00View Rating Details
7/14/2015JMP SecuritiesBoost Price TargetMarket Outperform$11.50 -> $12.50View Rating Details
(Data available from 10/1/2014 forward)

Earnings

Earnings History for MGIC Investment Corp. (NYSE:MTG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/13/2016        
7/19/2016Q216$0.20$0.26$255.01 million$263.50 millionViewListenView Earnings Details
4/19/2016Q116$0.22$0.17$258.88 million$258.60 millionViewListenView Earnings Details
1/21/2016Q415$0.26$0.26$258.19 million$257.90 millionViewListenView Earnings Details
10/15/2015Q315$0.21$0.29$250.35 million$269.50 millionViewListenView Earnings Details
7/16/2015Q215$0.23$0.28$247.34 million$243.10 millionViewListenView Earnings Details
4/21/2015Q115$0.21$0.26$243.55 million$270.20 millionViewListenView Earnings Details
1/20/2015Q414$0.15$0.19$237.64 million$240.36 millionViewListenView Earnings Details
10/15/2014Q314$0.10$0.18$233.30 million$235.10 millionViewListenView Earnings Details
7/16/2014Q214$0.14$0.12$237.13 million$231.20 millionViewListenView Earnings Details
4/22/2014$0.11$0.15$242.35 million$235.10 millionViewListenView Earnings Details
1/23/2014Q413($0.03)($0.01)$254.67 million$251.90 millionViewListenView Earnings Details
10/16/2013Q313($0.13)$0.04$260.92 million$254.40 millionViewListenView Earnings Details
7/23/2013Q2 2013($0.15)$0.04$266.24 million$263.90 millionViewListenView Earnings Details
4/30/2013Q1 2013($0.15)($0.31)$281.31 million$269.20 millionViewListenView Earnings Details
2/28/2013Q4 2012($1.77)($1.91)$322.32 million$371.40 millionViewListenView Earnings Details
11/9/2012Q312($0.50)($1.22)$285.03 million$306.20 millionViewN/AView Earnings Details
8/2/2012($0.52)($1.36)ViewN/AView Earnings Details
4/23/2012($0.37)($0.10)ViewN/AView Earnings Details
1/24/2012($0.80)($0.67)ViewN/AView Earnings Details
10/21/2011($0.86)($0.82)ViewN/AView Earnings Details
7/18/2011($0.13)($0.75)ViewN/AView Earnings Details
4/20/2011($0.06)($0.17)ViewN/AView Earnings Details
1/19/2011($0.58)($0.93)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGIC Investment Corp. (NYSE:MTG)
Current Year EPS Consensus Estimate: $0.83 EPS
Next Year EPS Consensus Estimate: $0.94 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.23$0.23$0.23
Q2 20161$0.21$0.21$0.21
Q3 20161$0.23$0.23$0.23
Q4 20161$0.21$0.21$0.21
Q1 20171$0.25$0.25$0.25
Q2 20171$0.26$0.26$0.26
Q3 20171$0.25$0.25$0.25
Q4 20171$0.24$0.24$0.24
(Data provided by Zacks Investment Research)

Dividends

Dividend History for MGIC Investment Corp. (NYSE:MTG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for MGIC Investment Corp. (NYSE:MTG)
Insider Ownership Percentage: 0.98%
Institutional Ownership Percentage: 90.84%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/9/2016Cassandra C CarrDirectorBuy5,000$6.35$31,750.00View SEC Filing  
1/28/2016Gregory A ChiSVPBuy10,000$6.36$63,600.00View SEC Filing  
1/28/2016Stephen C. MackeyEVPBuy5,000$6.43$32,150.00View SEC Filing  
1/27/2016Timothy A. HoltDirectorBuy20,000$6.38$127,600.00View SEC Filing  
1/26/2016Daniel A ArrigoniDirectorBuy10,000$5.88$58,800.00View SEC Filing  
1/26/2016Jeffrey H LaneEVPBuy15,000$5.93$88,950.00View SEC Filing  
10/22/2015C Edward ChaplinDirectorBuy5,000$9.46$47,300.00View SEC Filing  
8/13/2015Lawrence J PierzchalskiEVPSell75,000$10.84$813,000.00View SEC Filing  
4/29/2015Donald T NicolaisenDirectorSell10,000$10.60$106,000.00View SEC Filing  
3/10/2015Daniel A ArrigoniDirectorBuy10,000$9.19$91,900.00View SEC Filing  
10/23/2014Michael E LehmanDirectorBuy5,000$8.26$41,300.00View SEC Filing  
3/4/2014Donald NicolaisenDirectorSell40,000$9.02$360,800.00View SEC Filing  
3/7/2013Jeffrey H LaneEVPBuy35,000$5.15$180,250.00View SEC Filing  
3/7/2013Jon Michael LauerCFOBuy50,000$5.15$257,500.00View SEC Filing  
3/7/2013Patrick SinksCOOBuy30,000$5.15$154,500.00View SEC Filing  
3/7/2013Timothy J MattkeCAOBuy10,000$5.15$51,500.00View SEC Filing  
8/9/2012James A KarpowiczSVPBuy18,700$1.05$19,635.00View SEC Filing  
8/8/2012James A KarpowiczSVPBuy1,300$1.03$1,339.00View SEC Filing  
8/6/2012Curt S CulverCEOBuy100,000$0.98$98,000.00View SEC Filing  
8/6/2012Jon Michael LauerCFOBuy75,000$0.89$66,750.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for MGIC Investment Corp. (NYSE:MTG)
DateHeadline
News IconBroker Roundup For MGIC Investment Corporation (NYSE:MTG) - The De Soto Edge (NYSE:MTG)
desotoedge.com - September 29 at 11:23 AM
News IconNoteworthy Analyst Ratings of Two Stocks MGIC Investment Corp. (NYSE:MTG), Fitbit Inc (NYSE:FIT) - The Voice Registrar (NYSE:MTG)
voiceregistrar.com - September 29 at 11:23 AM
4-traders.com logoMGIC Investment Corporation : (MTG) Shares are Up 1.87% (NYSE:MTG)
www.4-traders.com - September 25 at 5:38 PM
4-traders.com logoMgic Investment : Wis Short Interest Increased By 20.71% (NYSE:MTG)
www.4-traders.com - September 23 at 5:51 PM
News IconMGIC Investment Corp. Earns Buy Rating from Compass Point (MTG) - Petro Global News 24 (NYSE:MTG)
petroglobalnews24.com - September 23 at 10:56 AM
4-traders.com logoMgic Investment : Wis Shorted Shares Increased By 20.71% (NYSE:MTG)
www.4-traders.com - September 22 at 5:58 PM
News IconMGIC Investment Corp. Upgraded to “Outperform” by Keefe, Bruyette & Woods (MTG) - Petro Global News 24 (NYSE:MTG)
petroglobalnews24.com - September 22 at 11:03 AM
4-traders.com logoFinancial Stocks Buzzer: MGIC Investment Corp. Vereit Inc (NYSE:MTG)
www.4-traders.com - September 21 at 10:23 AM
insidermonkey.com logoFive Under-$10 Stocks to Buy Now (NYSE:MTG)
www.insidermonkey.com - September 17 at 10:45 AM
capitalcube.com logoETF’s with exposure to MGIC Investment Corp. : September 15, 2016 (NYSE:MTG)
www.capitalcube.com - September 15 at 6:20 PM
seekingalpha.com logoDeep Value Recovery In Mortgage Insurance: MGIC (NYSE:MTG)
seekingalpha.com - September 14 at 6:23 PM
News IconMGIC Investment Corp.'s (MTG): Stock's Traders Alert - Hot Stocks Point (NYSE:MTG)
www.hotstockspoint.com - September 14 at 10:33 AM
zacks.com logoMGIC Investment (MTG): Time to Add the Stock to Portfolio? (NYSE:MTG)
www.zacks.com - September 13 at 11:05 AM
News IconGoldentree Asset Management Lp buys $13,172,184 stake in MGIC Investment Corp. (MTG) (NYSE:MTG)
www.nationaldailypress.com - September 9 at 5:58 PM
seekingalpha.com logoMGIC Investment reports Aug. operating statistics (NYSE:MTG)
seekingalpha.com - September 9 at 7:22 AM
News IconResearch Report on Insurance Equities -- MGIC Investment, American Intl., Berkshire Hathaway, and Radian (NYSE:MTG)
www.kswo.com - September 8 at 10:06 AM
News IconPlacing MGIC Investment Corporation (NYSE:MTG) Shares Under the Microscope - Post News (NYSE:MTG)
www.kentuckypostnews.com - September 7 at 9:48 AM
finance.yahoo.com logoMGIC to Participate at the Barclays Global Financial Services Conference (NYSE:MTG)
finance.yahoo.com - September 6 at 6:21 PM
News IconAnalysts Valuations For Two Stocks: Nordstrom, Inc. (NYSE:JWN), MGIC Investment Corp. (NYSE:MTG) - The Voice Registrar (NYSE:MTG)
voiceregistrar.com - September 5 at 10:33 AM
News IconMGIC Mourns the Loss of Former Chairman and CEO William Lacy (NYSE:MTG)
nationalmortgageprofessional.com - August 30 at 6:17 PM
News IconFormer MGIC Chairman and CEO Lacy Passes Away (NYSE:MTG)
www.dsnews.com - August 30 at 6:17 PM
4-traders.com logoMGIC Investment : Former MGIC Chief Dies (NYSE:MTG)
www.4-traders.com - August 30 at 6:17 PM
News IconStock Up Over the Past Five Trading Days: MGIC Investment Corp. (NYSE:MTG) - Post News (NYSE:MTG)
www.kentuckypostnews.com - August 30 at 9:37 AM
News IconShares Holding Above Moving Averages: MGIC Investment Corp. (NYSE:MTG) - Post News (NYSE:MTG)
www.kentuckypostnews.com - August 29 at 6:07 PM
finance.yahoo.com logoMGIC Mourns Former Chairman and CEO, William Lacy (NYSE:MTG)
finance.yahoo.com - August 29 at 6:07 PM
News IconHighlander Capital Management buys $1082207 stake in MGIC Investment Corp. (MTG) (NYSE:MTG)
magseriesusa.net - August 26 at 9:21 AM
News IconAnalysts Valuations For Two Stocks: Newmont Mining Corp (NYSE:NEM), MGIC Investment Corp. (NYSE:MTG) - The Voice Registrar (NYSE:MTG)
voiceregistrar.com - August 25 at 6:16 PM
News IconFinancial Stocks Highlights: Fifth Third Bancorp (FITB), MGIC Investment Corp. (MTG) - share market updates (press release) (NYSE:MTG)
sharemarketupdates.com - August 25 at 11:24 AM
News IconStock Trading Above Moving Averages: MGIC Investment Corp. (NYSE:MTG) - Post News (NYSE:MTG)
www.kentuckypostnews.com - August 22 at 6:18 PM
News IconWatch-List Fin Stocks: MGIC Investment Corp. (NYSE:MTG), JPMorgan Chase & Co. (NYSE:JPM) - share market updates (press release) (NYSE:MTG)
sharemarketupdates.com - August 22 at 10:55 AM
investornewswire.com logoCan MGIC Investment Corporation (NYSE:MTG) Surprise Analysts? - Investor Newswire (NYSE:MTG)
www.investornewswire.com - August 19 at 6:13 PM
News IconTraders Recap:Netflix, Inc. (NASDAQ:NFLX), MGIC Investment Corp.(NYSE:MTG) - NYSE Journal (press release) (NYSE:MTG)
stockznews.com - August 19 at 6:13 PM
istreetwire.com logoStocks Under Consideration: MGIC Investment Corp. (MTG), QUALCOMM Incorporated (QCOM), Macy's, Inc. (M) - iStreetWire (NYSE:MTG)
istreetwire.com - August 17 at 6:33 PM
istreetwire.com logoStocks In Queue: MGIC Investment Corp. (MTG), Newell Brands Inc. (NWL), Ross Stores Inc. (ROST) - iStreetWire (NYSE:MTG)
istreetwire.com - August 15 at 6:30 PM
News IconAnalyst Recommendation Worth Stating Today: MGIC Investment Corp. (NYSE:MTG) - The Voice Registrar (NYSE:MTG)
voiceregistrar.com - August 12 at 9:34 AM
News IconMGIC delinquent inventory decreases more than 20% (NYSE:MTG)
www.housingwire.com - August 10 at 9:23 AM
istreetwire.com logo3 Stocks to Watch For: MGIC Investment Corp. (MTG), Baker Hughes Incorporated (BHI), Duke Energy Corporation (DUK) - iStreetWire (NYSE:MTG)
istreetwire.com - August 9 at 6:34 PM
News IconSM Energy Co (NYSE:SM) & MGIC Investment Corp. (NYSE:MTG) are Hot Stocks - Money News (press release) (NYSE:MTG)
www.newsismoney.com - August 9 at 6:34 PM
fortune.com logoLooking At Recent Analyst Ratings: MGIC Investment Corp. (NYSE ... - Review Fortune (NYSE:MTG)
reviewfortune.com - August 9 at 9:28 AM
istreetwire.com logoStocks Buzz: MGIC Investment Corp. (MTG) The Bank of New York Mellon Corporation (BK) Coeur Mining, Inc. (CDE) - iStreetWire (NYSE:MTG)
istreetwire.com - August 8 at 10:57 AM
finance.yahoo.com logoMGIC Investment Corporation Releases Monthly Operating Statistics (NYSE:MTG)
finance.yahoo.com - August 8 at 10:57 AM
News IconFin Stocks in Hub: Vereit Inc (NYSE:VER), MGIC Investment Corp. (NYSE:MTG) - share market updates (press release) (NYSE:MTG)
sharemarketupdates.com - August 5 at 6:30 PM
streetupdates.com logoKeep an eye on Analyst Actions: Citigroup Inc. (NYSE:C) , MGIC Investment Corporation (NYSE:MTG) - Street Updates (NYSE:MTG)
www.streetupdates.com - August 5 at 6:30 PM
fortune.com logoNotable Analyst Views: Wendys Co (NASDAQ:WEN), MGIC Investment Corp. (NYSE:MTG) - Review Fortune (NYSE:MTG)
reviewfortune.com - August 5 at 6:30 PM
finance.yahoo.com logoMGIC INVESTMENT CORP Financials (NYSE:MTG)
finance.yahoo.com - August 5 at 6:30 PM
biz.yahoo.com logoMGIC INVESTMENT CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial O (NYSE:MTG)
biz.yahoo.com - August 5 at 6:30 PM
istreetwire.com logoStocks Trend Analysis: MGIC Investment (MTG), Vista Gold (VGZ) MGM Resorts (MGM - iStreetWire (NYSE:MTG)
istreetwire.com - August 4 at 6:40 PM
publicnow.com logo07/27/16 Q2 2016 Portfolio Supplement (NYSE:MTG)
www.publicnow.com - August 4 at 6:40 PM
News IconAnalyst Stock Ratings: JetBlue Airways Corporation (NASDAQ:JBLU), MGIC Investment Corp. (NYSE:MTG) - The Wellesleys News (NYSE:MTG)
thewellesleysnews.com - August 4 at 9:28 AM
News IconGreenlight Re Seeks Recovery in Mortgage Market After Construction, Vehicle, Florida Losses (NYSE:MTG)
www.insurancejournal.com - August 3 at 9:36 AM

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MGIC Investment Corp. (NYSE:MTG) Chart for Saturday, October, 1, 2016


Last Updated on 10/1/2016 by MarketBeat.com Staff