NYSE:MTG - MGIC Investment Stock Price, Price Target & More

$10.32 -0.29 (-2.73 %)

(As of 04/23/2018 04:00 PM ET)

Previous Close$10.32

Today's Range$10.30 - $10.73

52-Week Range$10.03 - $16.21

Volume4.32 million shs

Average Volume4.20 million shs

Market Capitalization$3.93 billion

P/E Ratio7.59

Dividend YieldN/A

Beta1.95

About MGIC Investment (NYSE:MTG)

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. 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 contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements. 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.

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Industry, Sector and Symbol

Industry Surety insurance

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

SymbolNYSE:MTG

CUSIP55284810

Webmtg.mgic.com

Phone414-347-6480

Debt

Debt-to-Equity Ratio0.26%

Current Ratio0.18%

Quick Ratio0.18%

Price-To-Earnings

Trailing P/E Ratio7.59

Forward P/E Ratio7.42

P/E Growth1.09

Sales & Book Value

Annual Sales$1.07 billion

Price / Sales3.59

Cash Flow$1.5289 per share

Price / Cash6.75

Book Value$8.51 per share

Price / Book1.21

Profitability

EPS (Most Recent Fiscal Year)$1.36

Net Income$355.76 million

Net Margins38.25%

Return on Equity17.62%

Return on Assets9.68%

Miscellaneous

Employees819

Outstanding Shares370,860,000

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MGIC Investment (NYSE:MTG) Frequently Asked Questions

What is MGIC Investment's stock symbol?

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

How were MGIC Investment's earnings last quarter?

MGIC Investment (NYSE:MTG) posted its earnings results on Wednesday, April, 18th. The insurance provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The insurance provider earned $265.80 million during the quarter, compared to the consensus estimate of $273.94 million. MGIC Investment had a net margin of 38.25% and a return on equity of 17.62%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. View MGIC Investment's Earnings History.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release their next quarterly earnings announcement on Thursday, July, 19th 2018. View Earnings Estimates for MGIC Investment.

What price target have analysts set for MTG?

13 equities research analysts have issued twelve-month target prices for MGIC Investment's shares. Their predictions range from $12.00 to $20.00. On average, they anticipate MGIC Investment's share price to reach $15.9375 in the next twelve months. View Analyst Ratings for MGIC Investment.

What are Wall Street analysts saying about MGIC Investment stock?

Here are some recent quotes from research analysts about MGIC Investment stock:

1. Wells Fargo analysts commented, "We expect the focus to be less on the quarter and more on 1) MTG’s recent announcement of a price cut, and 2) the recentlyannounced Freddie Mac pilot program with a panel of reinsurers." (4/18/2018)
2. According to Zacks Investment Research, "A competitive environment and pressure to maintain capital at the required level will reduce the MGIC Investment’s capital flexibility. The company has also seen estimates for 2018 and 2019 moving south over the last 30 days. Nonetheless, the company remains well-poised to deliver improved earnings, banking on declining delinquency, lower claims payments and improving housing market. MGIC Investment expects to write about $50 billion new business as 2018 and also estimates insurance in force to improve. This apart, the company remains focused in enhancing shareholders’ value. Also, positive credit trends, increasing persistency and low expense ratio are tailwinds. MGIC Investment has a solid track of delivering positive earnings surprise for the last seven quarters. Also, shares of MGIC Investment have outperformed the industry in a year’s time." (3/20/2018)

Who are some of MGIC Investment's key competitors?

Some companies that are related to MGIC Investment include Old Republic International (ORI), Assured Guaranty (AGO), Essent Group (ESNT), Radian Group (RDN), NMI (NMIH), Ambac Financial Group (AMBC), MBIA (MBI) and Syncora (SYCRF).

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the folowing people:

Mr. Patrick Sinks, Pres, CEO & Director (Age 61)
Mr. Timothy James Mattke, Exec. VP & CFO (Age 42)
Mr. Jeffrey Harold Lane, Exec. VP, Gen. Counsel & Sec. (Age 68)
Mr. Stephen Crail Mackey, Exec. VP & Chief Risk Officer (Age 57)
Mr. Gregory A. Chi, Sr. VP of Information Services & Chief Information Officer of MGIC (Age 58)

Has MGIC Investment been receiving favorable news coverage?

Media headlines about MTG stock have been trending somewhat positive on Monday, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGIC Investment earned a daily sentiment score of 0.12 on Accern's scale. They also assigned news headlines about the insurance provider an impact score of 45.99 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $10.32.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $3.93 billion and generates $1.07 billion in revenue each year. The insurance provider earns $355.76 million in net income (profit) each year or $1.36 on an earnings per share basis. MGIC Investment employs 819 workers across the globe.

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]

MarketBeat Community Rating for MGIC Investment (MTG)

Community Ranking:		2.7 out of 5 ( )
Outperform Votes:		319 (Vote Outperform)
Underperform Votes:		262 (Vote Underperform)
Total Votes:		581

MarketBeat's community ratings are surveys of what our community members think about MGIC Investment and other stocks. Vote "Outperform" if you believe MTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTG will underperform the S&P 500 over the long term. You may vote once every thirty days.

MGIC Investment (NYSE:MTG) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

13 Wall Street analysts have issued ratings and price targets for MGIC Investment in the last 12 months. Their average twelve-month price target is $15.9375, suggesting that the stock has a possible upside of 54.43%. The high price target for MTG is $20.00 and the low price target for MTG is $12.00. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of "Buy."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Buy	Buy	Buy	Buy
Consensus Rating Score:	2.77	3.00	2.92	2.89
Ratings Breakdown:	0 Sell Rating(s) 3 Hold Rating(s) 10 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 0 Hold Rating(s) 12 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 11 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 8 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$15.9375	$16.5682	$15.6875	$13.9722
Price Target Upside:	54.43% upside	29.64% upside	0.11% upside	1.10% upside

MGIC Investment (NYSE:MTG) Consensus Price Target History

Price Target History for MGIC Investment (NYSE:MTG)

MGIC Investment (NYSE:MTG) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
4/22/2018	BTIG Research	Reiterated Rating	Buy	$18.00	Medium
4/19/2018	Wells Fargo	Downgrade	Outperform -> Market Perform	$10.50 -> $12.00	Medium
4/11/2018	Barclays	Lower Price Target	Overweight -> Buy	$18.00 -> $16.00	Low
4/10/2018	Susquehanna Bancshares	Set Price Target	Buy	$16.00	Medium
4/10/2018	Deutsche Bank	Lower Price Target	Buy -> Buy	$18.00 -> $15.00	Medium
4/10/2018	B. Riley	Lower Price Target	Buy -> Buy	$19.00 -> $18.00	Medium
4/10/2018	Royal Bank of Canada	Reiterated Rating	Outperform -> Sector Perform	$12.00 -> $20.00	High
4/10/2018	Keefe, Bruyette & Woods	Reiterated Rating	Buy	$16.00	High
4/10/2018	Bank of America	Downgrade	Buy -> Neutral	$12.00	High
3/14/2018	Macquarie	Initiated Coverage	Outperform	$17.00	High
10/19/2017	MKM Partners	Boost Price Target	Buy	$16.00	N/A
10/18/2017	FBR & Co	Reiterated Rating	Buy		N/A
10/11/2017	Compass Point	Reiterated Rating	Buy	$13.00 -> $15.25	N/A
2/8/2017	Credit Suisse Group	Set Price Target	Hold	$10.00	N/A

(Data available from 4/23/2016 forward)

MGIC Investment (NYSE:MTG) Earnings History and Estimates Chart

Earnings by Quarter for MGIC Investment (NYSE:MTG)

MGIC Investment (NYSE:MTG) Earnings Estimates

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	1	$0.31	$0.31	$0.31

MGIC Investment (NYSE MTG) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
7/18/2018		$0.35					N/A
4/18/2018	Q1 2018	$0.35	$0.38	$273.94 million	$265.80 million	View	N/A
1/18/2018	Q4 2017	$0.27	$0.43	$273.66 million	$271.50 million	View	Listen
10/18/2017	9/30/2017	$0.26	$0.32	$267.85 million	$270.30 million	View	N/A
7/20/2017	Q2 2017	$0.25	$0.31	$263.43 million	$263.31 million	View	N/A
4/20/2017	Q1 2017	$0.24	$0.31	$262.97 million	$260.90 million	View	N/A
1/19/2017	Q4 2016	$0.2180	$0.28	$264.69 million	$266.50 million	View	Listen
10/18/2016	Q316	$0.17	$0.25	$259.57 million	$273.90 million	View	Listen
7/19/2016	Q216	$0.20	$0.26	$255.01 million	$263.50 million	View	Listen
4/19/2016	Q116	$0.22	$0.17	$258.88 million	$258.60 million	View	Listen
1/21/2016	Q415	$0.26	$0.26	$258.19 million	$257.90 million	View	Listen
10/15/2015	Q315	$0.21	$0.29	$250.35 million	$269.50 million	View	Listen
7/16/2015	Q215	$0.23	$0.28	$247.34 million	$243.10 million	View	Listen
4/21/2015	Q115	$0.21	$0.26	$243.55 million	$270.20 million	View	Listen
1/20/2015	Q414	$0.14	$0.19	$237.64 million	$240.36 million	View	Listen
10/15/2014	Q314	$0.10	$0.18	$233.30 million	$235.10 million	View	Listen
7/16/2014	Q214	$0.13	$0.12	$237.13 million	$231.20 million	View	Listen
4/22/2014	Q1 2014	$0.09	$0.15	$242.35 million	$235.10 million	View	Listen
1/23/2014	Q413	($0.03)	($0.01)	$254.67 million	$251.90 million	View	Listen
10/16/2013	Q313	($0.13)	$0.04	$260.92 million	$254.40 million	View	Listen
7/23/2013	Q2 2013	($0.15)	$0.04	$266.24 million	$263.90 million	View	Listen
4/30/2013	Q1 2013	($0.15)	($0.31)	$281.31 million	$269.20 million	View	Listen
2/28/2013	Q4 2012	($1.77)	($1.91)	$322.32 million	$371.40 million	View	Listen
11/9/2012	Q312	($0.50)	($1.22)	$285.03 million	$306.20 million	View	N/A
8/2/2012		($0.52)	($1.36)			View	N/A
4/23/2012		($0.37)	($0.10)			View	N/A
1/24/2012		($0.80)	($0.67)			View	N/A
10/21/2011		($0.86)	($0.82)			View	N/A
7/18/2011		($0.13)	($0.75)			View	N/A
4/20/2011		($0.06)	($0.17)			View	N/A
1/19/2011		($0.58)	($0.93)			View	N/A
10/19/2010	Q3 2010	($0.60)	($0.38)			View	N/A
7/20/2010	Q2 2010	($0.63)	($0.04)			View	N/A
4/20/2010	Q1 2010	($1.28)	($1.42)			View	N/A
1/26/2010	Q4 2009	($3.34)	($2.42)			View	N/A
10/16/2009	Q3 2009	($1.64)	($4.44)			View	N/A
7/16/2009	Q2 2009	($0.92)	($2.74)			View	N/A
4/29/2009	Q1 2009	($1.39)	($1.40)			View	N/A
1/20/2009	Q4 2008	($1.13)	($2.21)			View	N/A
10/16/2008	Q3 2008	($1.31)	($0.91)			View	N/A
7/17/2008	Q2 2008	($0.66)	($0.79)			View	N/A
4/17/2008	Q1 2008	($1.72)	($0.41)			View	N/A
2/13/2008	Q4 2007	($6.70)	($18.17)			View	N/A

(Earnings results data provided by Zacks Investment Research)

MGIC Investment (NYSE:MTG) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

MGIC Investment (NYSE MTG) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 1.03%
Institutional Ownership Percentage: 91.87%

Insider Trading History for MGIC Investment (NYSE:MTG)

Institutional Ownership by Quarter for MGIC Investment (NYSE:MTG)

MGIC Investment (NYSE MTG) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
2/9/2016	Cassandra C Carr	Director	Buy	5,000	$6.35	$31,750.00	5,000
1/28/2016	Gregory A Chi	SVP	Buy	10,000	$6.36	$63,600.00	204,060
1/28/2016	Stephen C. Mackey	EVP	Buy	5,000	$6.43	$32,150.00	5,000
1/27/2016	Timothy A. Holt	Director	Buy	20,000	$6.38	$127,600.00	20,000
1/26/2016	Daniel A Arrigoni	Director	Buy	10,000	$5.88	$58,800.00
1/26/2016	Jeffrey H Lane	EVP	Buy	15,000	$5.93	$88,950.00	850,663
10/22/2015	C Edward Chaplin	Director	Buy	5,000	$9.46	$47,300.00	5,000
8/13/2015	Lawrence J Pierzchalski	EVP	Sell	75,000	$10.84	$813,000.00
4/29/2015	Donald T Nicolaisen	Director	Sell	10,000	$10.60	$106,000.00
3/10/2015	Daniel A Arrigoni	Director	Buy	10,000	$9.19	$91,900.00
10/23/2014	Michael E Lehman	Director	Buy	5,000	$8.26	$41,300.00
3/4/2014	Donald Nicolaisen	Director	Sell	40,000	$9.02	$360,800.00	26,399
3/7/2013	Jeffrey H Lane	EVP	Buy	35,000	$5.15	$180,250.00
3/7/2013	Jon Michael Lauer	CFO	Buy	50,000	$5.15	$257,500.00
3/7/2013	Patrick Sinks	COO	Buy	30,000	$5.15	$154,500.00
3/7/2013	Timothy J Mattke	CAO	Buy	10,000	$5.15	$51,500.00
8/9/2012	James A Karpowicz	SVP	Buy	18,700	$1.05	$19,635.00
8/8/2012	James A Karpowicz	SVP	Buy	1,300	$1.03	$1,339.00
8/6/2012	Curt S Culver	CEO	Buy	100,000	$0.98	$98,000.00
8/6/2012	Jon Michael Lauer	CFO	Buy	75,000	$0.89	$66,750.00

(Data available from 1/1/2013 forward)

MGIC Investment (NYSE MTG) News Headlines

Source:

Date	Headline
	Interesting MTG Put And Call Options For December 21st www.nasdaq.com - April 23 at 4:59 PM
	BTIG Research Reiterates "Buy" Rating for MGIC Investment (MTG) www.americanbankingnews.com - April 22 at 8:40 AM
	Radian Group (RDN) vs. MGIC Investment (MTG) Head to Head Review www.americanbankingnews.com - April 22 at 5:50 AM
	MGIC Investment (MTG): Moving Average Crossover Alert finance.yahoo.com - April 19 at 5:18 PM
	MGIC Investment (MTG) Q1 Earnings Top on Lower Expenses &Tax finance.yahoo.com - April 19 at 5:18 PM
	MGIC Investment (MTG) Receives Average Rating of "Buy" from Brokerages www.americanbankingnews.com - April 19 at 11:31 AM
	Wells Fargo Lowers MGIC Investment (MTG) to Market Perform www.americanbankingnews.com - April 19 at 10:42 AM
	MGIC, Juniper Networks Slide into Wednesday’s 52-Week Low Club 247wallst.com - April 18 at 5:27 PM
	MGIC Investment's (MTG) CEO Pat Sinks on Q1 2018 Results - Earnings Call Transcript seekingalpha.com - April 18 at 5:27 PM
	Mortgage Insurers Fall After MGIC's Results Leave Investors Rattled finance.yahoo.com - April 18 at 5:27 PM
	Is MGIC Investment Corporation (NYSE:MTG) Undervalued? finance.yahoo.com - April 18 at 5:27 PM
	MGIC Investment's (MTG) "Buy" Rating Reaffirmed at Wells Fargo www.americanbankingnews.com - April 18 at 9:51 AM
	B. Riley Brokers Decrease Earnings Estimates for MGIC Investment (MTG) www.americanbankingnews.com - April 18 at 8:54 AM
	MGIC Investment (MTG) Announces Earnings Results www.americanbankingnews.com - April 18 at 8:50 AM
	MGIC Investment beats by $0.03, misses on revenue seekingalpha.com - April 18 at 8:39 AM
	MGIC Investment Q1 Profit Rises, Tops View - Quick Facts www.nasdaq.com - April 18 at 8:39 AM
	MGIC Investment Corporation Reports First Quarter 2018 Results finance.yahoo.com - April 18 at 8:39 AM
	MGIC: 1Q Earnings Snapshot finance.yahoo.com - April 18 at 8:39 AM
	MGIC Investment Sees Unusually Large Options Volume (MTG) www.americanbankingnews.com - April 18 at 7:00 AM
	MGIC Investment (MTG) to Post Q1 2018 Earnings of $0.31 Per Share, B. Riley Forecasts www.americanbankingnews.com - April 17 at 6:51 AM
	Equities Analysts Offer Predictions for MGIC Investment Corp.'s FY2018 Earnings (MTG) www.americanbankingnews.com - April 12 at 7:40 AM
	MGIC Investment (MTG) Price Target Cut to $16.00 by Analysts at Barclays www.americanbankingnews.com - April 11 at 2:57 PM
	MGIC Investment (MTG) Scheduled to Post Quarterly Earnings on Wednesday www.americanbankingnews.com - April 11 at 1:18 AM
	MGIC Investment (MTG) Given a $16.00 Price Target at Susquehanna Bancshares www.americanbankingnews.com - April 10 at 12:30 PM
	MGIC Investment (MTG) Given New $18.00 Price Target at B. Riley www.americanbankingnews.com - April 10 at 10:57 AM
	MGIC Investment (MTG) Given New $15.00 Price Target at Deutsche Bank www.americanbankingnews.com - April 10 at 10:57 AM
	MGIC Investment's (MTG) "Buy" Rating Reiterated at Keefe, Bruyette & Woods www.americanbankingnews.com - April 10 at 8:29 AM
	Royal Bank of Canada Reiterates "Sector Perform" Rating for MGIC Investment (MTG) www.americanbankingnews.com - April 10 at 8:29 AM
	MGIC Investment (MTG) Lowered to "Hold" at Royal Bank of Canada www.americanbankingnews.com - April 10 at 8:27 AM
	MGIC Investment (MTG) Downgraded by Bank of America www.americanbankingnews.com - April 10 at 7:31 AM
	ValuEngine Downgrades MGIC Investment (MTG) to Buy www.americanbankingnews.com - April 10 at 12:32 AM
	Oversold Conditions For MGIC Investment Corp. www.nasdaq.com - April 9 at 5:04 PM
	BTIG sees 63% upside on MGIC shares seekingalpha.com - April 9 at 5:04 PM
	Why Yandex, Menlo Therapeutics, and MGIC Investment Slumped Today finance.yahoo.com - April 9 at 5:04 PM
	MGIC Investment March statistics seekingalpha.com - April 9 at 12:56 PM
	Wells Fargo Analysts Give MGIC Investment (MTG) a $18.00 Price Target www.americanbankingnews.com - April 9 at 10:28 AM
	MGIC Announces Reduced Borrower-Paid Premium Rates finance.yahoo.com - April 9 at 8:50 AM
	MGIC Investment Corporation Schedules 1st Quarter 2018 Earnings Call and Releases Monthly Operating Statistics finance.yahoo.com - April 9 at 8:50 AM
	MGIC Announces Promotions finance.yahoo.com - April 4 at 3:54 PM
	Critical Contrast: Assured Guaranty (AGO) vs. MGIC Investment (MTG) www.americanbankingnews.com - April 4 at 5:31 AM
	MGIC Investment (MTG) Reports Partnership with Down Payment Resource www.streetinsider.com - April 2 at 5:09 PM
	MGIC Announces partnership with Down Payment Resource finance.yahoo.com - April 2 at 5:09 PM
	B. Riley Reaffirms Buy Rating for MGIC Investment (MTG) www.americanbankingnews.com - April 1 at 8:40 AM
	MGIC Investment (MTG) Upgraded to Buy at Deutsche Bank www.americanbankingnews.com - March 30 at 1:49 PM
	MGIC Investment Corp. (MTG) Receives Consensus Recommendation of "Buy" from Analysts www.americanbankingnews.com - March 25 at 11:41 AM
	MGIC hires Sean Valcamp, Vice President, Chief Information Security Officer - PR Newswire (press release) www.prnewswire.com - March 23 at 5:19 PM
	MGIC hires Sean Valcamp, Vice President, Chief Information Security Officer finance.yahoo.com - March 22 at 5:16 PM
	Zacks Investment Research Lowers MGIC Investment (MTG) to Sell www.americanbankingnews.com - March 20 at 2:59 PM
	MGIC Investment's (MTG) Buy Rating Reiterated at Wells Fargo www.americanbankingnews.com - March 17 at 8:52 PM
	MGIC Investment Corp. Becomes Oversold - Nasdaq.com - Nasdaq www.nasdaq.com - March 17 at 8:52 AM

MGIC Investment (NYSE:MTG) SEC Filings

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MGIC Investment (NYSE:MTG) Income Statement, Balance Sheet and Cash Flow Statement

MGIC Investment (NYSE MTG) Stock Chart for Monday, April, 23, 2018

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This page was last updated on 4/23/2018 by MarketBeat.com Staff