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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
NYSE:MTG

MGIC Investment (MTG) Stock Forecast, Price & News

$16.69
-0.25 (-1.48%)
(As of 09/29/2023 ET)
Compare
Today's Range
$16.68
$17.04
50-Day Range
$16.69
$18.08
52-Week Range
$12.13
$18.25
Volume
2.44 million shs
Average Volume
1.58 million shs
Market Capitalization
$4.71 billion
P/E Ratio
6.32
Dividend Yield
2.76%
Price Target
$16.75

MGIC Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.4% Upside
$16.75 Price Target
Short Interest
Healthy
2.95% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
1.39mentions of MGIC Investment in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.42%
From $2.36 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.

1.92 out of 5 stars

Finance Sector

690th out of 850 stocks

Surety Insurance Industry

7th out of 8 stocks


MTG stock logo

About MGIC Investment (NYSE:MTG) Stock

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 Price History

MTG Stock News Headlines

These 3 Insurance Stocks Trade Below Book and Pay Dividends
Elon Musk May Have Just Changed Everything
Quantum computing, 3D Printing and Gene-Editing are 3 most disruptive pieces of technology in recent times. None compare to a project Elon Musk released which could mint the world’s first trillionaire. 
Elon Musk May Have Just Changed Everything
Quantum computing, 3D Printing and Gene-Editing are 3 most disruptive pieces of technology in recent times. None compare to a project Elon Musk released which could mint the world’s first trillionaire. 
See More Headlines
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MTG Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 8/24 Dividend
8/09/2023
Dividend Payable
8/24/2023
Today
10/01/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$16.75
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$865.35 million
Pretax Margin
85.60%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$3.18 per share
Book Value
$15.63 per share

Miscellaneous

Free Float
279,357,000
Market Cap
$4.71 billion
Optionable
Optionable
Beta
1.30
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Key Executives

  • Mr. Timothy James Mattke (Age 47)
    CEO & Director
    Comp: $2.89M
  • Mr. Salvatore Antonino Miosi (Age 55)
    Pres & COO
    Comp: $2.05M
  • Mr. Nathaniel Howe Colson (Age 39)
    Exec. VP & CFO
    Comp: $1.19M
  • Ms. Paula Christine Maggio (Age 54)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.43M
  • Ms. Julie Kay Sperber (Age 49)
    VP, Controller & Chief Accounting Officer
  • Ms. Dianna L. Higgins
    Sr. VP of Investor Relations
  • Ms. Annette M. Adams
    Sr. VP & Chief HR Officer of MGIC
  • Mr. Steven Mark Thompson (Age 60)
    Exec. VP & Chief Risk Officer of MGIC
  • Mr. Robert J. Candelmo (Age 59)
    Sr. VP & Chief Information Officer of MGIC
  • Mr. Shreyans Jain
    Sr. VP of Mortgage Risk Analytics













MTG Stock - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

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

What is MGIC Investment's stock price forecast for 2023?

4 analysts have issued 12-month price objectives for MGIC Investment's stock. Their MTG share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's share price to reach $16.75 in the next twelve months. This suggests a possible upside of 0.4% 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 start of the year. Since then, MTG stock has increased by 28.4% and is now trading at $16.69.
View the best growth stocks for 2023 here
.

When is MGIC Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MTG earnings forecast
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) released its quarterly earnings results on Wednesday, August, 2nd. The insurance provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.13. The insurance provider had revenue of $290.70 million for the quarter, compared to the consensus estimate of $292.51 million. MGIC Investment had a net margin of 67.83% and a trailing twelve-month return on equity of 17.26%. MGIC Investment's revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS.

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

MGIC Investment declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.115 per share on Thursday, August 24th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Wednesday, August 9th. This is a positive change from the stock's previous quarterly dividend of $0.10.
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 2.72%. 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 17.42%. 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).

What is MGIC Investment's stock symbol?

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

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.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $16.69.

How much money does MGIC Investment make?

MGIC Investment (NYSE:MTG) has a market capitalization of $4.71 billion and generates $1.17 billion in revenue each year. The insurance provider earns $865.35 million in net income (profit) each year or $2.64 on an earnings per share basis.

How many employees does MGIC Investment have?

The company employs 683 workers across the globe.

How can I contact MGIC Investment?

MGIC Investment's mailing address is 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202. The official website for the company is mtg.mgic.com. The insurance provider can be reached via phone at (414) 347-6480, via email at mike_zimmerman@mgic.com, or via fax at 414-347-6696.

This page (NYSE:MTG) was last updated on 10/1/2023 by MarketBeat.com Staff

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