MGIC Investment Stock Price, News & Analysis (NYSE:MTG) $17.47 -0.13 (-0.74%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$17.43▼$17.8250-Day Range$16.46▼$17.9352-Week Range$12.15▼$18.25Volume1.77 million shsAverage Volume2.27 million shsMarket Capitalization$4.84 billionP/E Ratio7.07Dividend Yield2.63%Price Target$19.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability MGIC Investment MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside7.3% Upside$18.88 Price TargetShort InterestBearish3.37% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment0.55Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-2.47%From $2.43 to $2.37 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector700th out of 742 stocksSurety Insurance Industry8th out of 8 stocks 1.2 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.88, MGIC Investment has a forecasted upside of 7.3% from its current price of $17.59.Amount of Analyst CoverageMGIC Investment has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.37% of the float of MGIC Investment has been sold short.Short Interest Ratio / Days to CoverMGIC Investment has a short interest ratio ("days to cover") of 5.5.Change versus previous monthShort interest in MGIC Investment has recently increased by 21.71%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.59%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 18.62%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGIC Investment will have a dividend payout ratio of 19.41% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGIC Investment has received a -130.12% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Private mortgage insurances" product. See details.Environmental SustainabilityThe Environmental Impact score for MGIC Investment is -0.07. Previous Next 2.5 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for MGIC Investment this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for MTG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows7 people have added MGIC Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.79% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions93.41% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to decrease by -2.47% in the coming year, from $2.43 to $2.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 7.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.00.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 7.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 51.29.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.46. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGIC Investment has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More MTG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTG Stock News HeadlinesDecember 3, 2023 | americanbankingnews.comShort Interest in MGIC Investment Co. (NYSE:MTG) Increases By 21.7%December 1, 2023 | finance.yahoo.comWhy Is MetLife (MET) Up 6% Since Last Earnings Report?December 6, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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.comNovember 30, 2023 | finance.yahoo.comWhy Is MGIC (MTG) Up 2.5% Since Last Earnings Report?November 28, 2023 | msn.com4 Dividend-Paying Multiline Insurers to Add to Your PortfolioNovember 3, 2023 | finance.yahoo.comMGIC Investment (NYSE:MTG) Could Be A Buy For Its Upcoming DividendNovember 2, 2023 | finance.yahoo.comCONDOTEK AND MGIC LAUNCH ALL-IN-ONE CONDOMINIUM COMPLIANCENovember 2, 2023 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Q3 2023 Earnings Call TranscriptDecember 6, 2023 | Edge On The Street (Ad)Americans Now Favor Gold Over Stocks as an Investment VehicleAmericans 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. November 2, 2023 | seekingalpha.comBuy MGIC: Ramping Up The Cash To InvestorsNovember 2, 2023 | finance.yahoo.comQ3 2023 MGIC Investment Corp Earnings CallNovember 1, 2023 | morningstar.comMGIC Investment Corp MTGNovember 1, 2023 | finance.yahoo.comMGIC Investment (MTG) Q3 Earnings Top, Insurance in Force RisesNovember 1, 2023 | seekingalpha.comMGIC Investment Corporation 2023 Q3 - Results - Earnings Call PresentationNovember 1, 2023 | seekingalpha.comMGIC Investment Corporation (MTG) Q3 2023 Earnings Conference Call TranscriptOctober 31, 2023 | finance.yahoo.comCompared to Estimates, MGIC (MTG) Q3 Earnings: A Look at Key MetricsOctober 31, 2023 | finance.yahoo.comMGIC Investment Corporation Reports Third Quarter 2023 ResultsOctober 31, 2023 | finance.yahoo.comMGIC Investment Corp (MTG) Reports Q3 2023 Net Income of $182.8 MillionOctober 31, 2023 | markets.businessinsider.comMGIC Investment earnings preview: what to expectOctober 30, 2023 | finance.yahoo.comMGIC (MTG) Upgraded to Strong Buy: Here's WhyOctober 26, 2023 | finance.yahoo.comMGIC Investment Announces Quarterly Dividend of $0.115 Per ShareOctober 26, 2023 | finance.yahoo.comMGIC Investment Appoints Mike Thompson to Board of DirectorsOctober 25, 2023 | bizjournals.comMGIC sells Milwaukee industrial building for $2.3 millionOctober 5, 2023 | finance.yahoo.comMGIC Investment Corporation Schedules 3rd Quarter 2023 Earnings CallOctober 5, 2023 | finance.yahoo.comInvesting in MGIC Investment (NYSE:MTG) three years ago would have delivered you a 70% gainSeptember 29, 2023 | finance.yahoo.comThese 3 Insurance Stocks Trade Below Book and Pay DividendsSeptember 15, 2023 | finance.yahoo.comAM Best Revises Outlooks to Positive for Operating Subsidiaries of MGIC Investment CorporationSee More Headlines Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings10/31/2023Ex-Dividend for 11/28 Dividend11/08/2023Dividend Payable11/28/2023Today12/06/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/07/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:MTG CUSIP55284810 CIK876437 Webmtg.mgic.com Phone(414) 347-6480Fax414-347-6696Employees683Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.50 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.47 Trailing P/E Ratio7.12 Forward P/E Ratio7.24 P/E Growth1.46Net Income$865.35 million Net Margins61.88% Pretax Margin78.46% Return on Equity15.28% Return on Assets11.57% Debt Debt-to-Equity Ratio0.13 Current Ratio0.63 Quick Ratio0.63 Sales & Book Value Annual Sales$1.17 billion Price / Sales4.16 Cash Flow$3.20 per share Price / Cash Flow5.49 Book Value$15.63 per share Price / Book1.13Miscellaneous Outstanding Shares277,310,000Free Float275,120,000Market Cap$4.88 billion OptionableOptionable Beta1.27 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Timothy James Mattke (Age 47)CEO & Director Comp: $2.89MMr. Salvatore Antonino Miosi (Age 55)President & COO Comp: $2.05MMr. Nathaniel Howe Colson (Age 39)Executive VP & CFO Comp: $1.19MMs. Paula Christine Maggio (Age 54)Executive VP, General Counsel & Secretary Comp: $1.43MMs. Julie Kay Sperber (Age 49)VP, Controller & Chief Accounting Officer Ms. Dianna L. HigginsSenior Vice President of Investor RelationsMr. Danny Garcia-VelezSenior Vice President of Sales & Business DevelopmentMs. Annette M. AdamsSenior VP & Chief Human Resources Officer of MGICMr. 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 More ExecutivesKey CompetitorsRadian GroupNYSE:RDNEssent GroupNYSE:ESNTAssured GuarantyNYSE:AGONMINASDAQ:NMIHOld Republic InternationalNYSE:ORIView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 60,263 shares on 12/6/2023Ownership: 0.023%Wellington Management Group LLPSold 3,615,812 shares on 12/1/2023Ownership: 3.770%American Century Companies Inc.Bought 228,306 shares on 11/30/2023Ownership: 1.202%USA Financial FormulasBought 5,985 shares on 11/27/2023Ownership: 0.002%Deutsche Bank AGSold 159,605 shares on 11/24/2023Ownership: 0.023%View All Insider TransactionsView All Institutional Transactions 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 ETFs hold MGIC Investment's stock? ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Ballast Small/Mid Cap ETF (MGMT), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Financial AlphaDEX Fund (FXO), Invesco Dorsey Wright Financial Momentum ETF (PFI), SPDR S&P Bank ETF (KBE) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MGIC Investment Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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