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MGIC Investment Stock Price, News & Analysis (NYSE:MTG)

$17.47
-0.13 (-0.74%)
(As of 04:00 PM ET)
Compare
Today's Range
$17.43
$17.82
50-Day Range
$16.46
$17.93
52-Week Range
$12.15
$18.25
Volume
1.77 million shs
Average Volume
2.27 million shs
Market Capitalization
$4.84 billion
P/E Ratio
7.07
Dividend Yield
2.63%
Price Target
$19.00

MGIC Investment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.3% Upside
$18.88 Price Target
Short Interest
Bearish
3.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
0.55mentions of MGIC Investment in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.47%
From $2.43 to $2.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.48 out of 5 stars

Finance Sector

700th out of 742 stocks

Surety Insurance Industry

8th out of 8 stocks


MTG stock logo

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.

MTG Stock Price History

MTG Stock News Headlines

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Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Why Is MGIC (MTG) Up 2.5% Since Last Earnings Report?
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Buy MGIC: Ramping Up The Cash To Investors
Q3 2023 MGIC Investment Corp Earnings Call
MGIC Investment Corp MTG
MGIC Investment earnings preview: what to expect
MGIC (MTG) Upgraded to Strong Buy: Here's Why
These 3 Insurance Stocks Trade Below Book and Pay Dividends
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Ex-Dividend for 11/28 Dividend
11/08/2023
Dividend Payable
11/28/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024

Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
55284810
Employees
683
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$18.88
High Stock Price Target
$20.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+8.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
5 Analysts

Profitability

Net Income
$865.35 million
Pretax Margin
78.46%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$3.20 per share
Book Value
$15.63 per share

Miscellaneous

Free Float
275,120,000
Market Cap
$4.88 billion
Optionable
Optionable
Beta
1.27
A Guide To High-Short-Interest Stocks Cover

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Key Executives

  • Mr. Timothy James Mattke (Age 47)
    CEO & Director
    Comp: $2.89M
  • Mr. Salvatore Antonino Miosi (Age 55)
    President & COO
    Comp: $2.05M
  • Mr. Nathaniel Howe Colson (Age 39)
    Executive VP & CFO
    Comp: $1.19M
  • Ms. Paula Christine Maggio (Age 54)
    Executive VP, General Counsel & Secretary
    Comp: $1.43M
  • Ms. Julie Kay Sperber (Age 49)
    VP, Controller & Chief Accounting Officer
  • Ms. Dianna L. Higgins
    Senior Vice President of Investor Relations
  • Mr. Danny Garcia-Velez
    Senior Vice President of Sales & Business Development
  • Ms. Annette M. Adams
    Senior VP & Chief Human Resources Officer of MGIC
  • Mr. Steven Mark Thompson (Age 60)
    Executive VP & Chief Risk Officer of MGIC
  • Mr. Robert J. Candelmo (Age 59)
    Senior VP & Chief Information Officer of MGIC














MTG Stock Analysis - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTG, but not buy additional shares or sell existing shares.
View MTG analyst ratings
or view top-rated stocks.

What is MGIC Investment's stock price target for 2024?

5 brokers have issued 1-year price targets for MGIC Investment's shares. Their MTG share price targets range from $18.00 to $20.00. On average, they expect the company's share price to reach $18.88 in the next year. This suggests a possible upside of 7.3% 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 shares have increased by 35.3% and is now trading at $17.59.
View the best growth stocks for 2023 here
.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 9,250,000 shares, an increase of 21.7% from the October 31st total of 7,600,000 shares. Based on an average trading volume of 1,690,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 3.4% of the shares of the stock are sold short.
View MGIC Investment's Short Interest
.

When is MGIC Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our MTG earnings forecast
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) issued its quarterly earnings data on Tuesday, October, 31st. The insurance provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. The insurance provider had revenue of $296.50 million for the quarter, compared to analysts' expectations of $296.31 million. MGIC Investment had a net margin of 61.88% and a trailing twelve-month return on equity of 15.28%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share.

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

MGIC Investment declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.115 per share on Tuesday, November 28th. This represents a $0.46 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, November 8th.
Read our dividend analysis for MTG
.

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 2.59%. 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 18.62%. 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).

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by many different institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (5.35%), Wellington Management Group LLP (3.77%), LSV Asset Management (3.76%), Morgan Stanley (2.16%), Clearbridge Investments LLC (2.07%) and Northern Trust Corp (1.77%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner and James J Hughes.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:MTG) was last updated on 12/6/2023 by MarketBeat.com Staff

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