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

$13.29
+0.25 (+1.92 %)
(As of 10/16/2019 09:04 AM ET)
Today's Range
$13.04
Now: $13.29
$13.37
50-Day Range
$12.25
MA: $12.79
$13.31
52-Week Range
$9.41
Now: $13.29
$14.97
Volume2.68 million shs
Average Volume3.23 million shs
Market Capitalization$4.71 billion
P/E Ratio7.47
Dividend Yield1.84%
Beta1.52
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 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. Read More…

Industry, Sector and Symbol

Industry Surety insurance
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP55284810
Phone414-347-6480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.12 billion
Cash Flow$2.05 per share
Book Value$9.91 per share

Profitability

Net Income$670.10 million

Miscellaneous

Employees793
Market Cap$4.71 billion
Next Earnings Date10/22/2019 (Confirmed)
OptionableOptionable

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

MGIC Investment announced a quarterly dividend on Thursday, July 25th. Shareholders of record on Friday, August 30th will be given a dividend of $0.06 per share on Friday, September 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 29th. View MGIC Investment's Dividend History.

How will MGIC Investment's stock buyback program work?

MGIC Investment declared that its board has authorized a stock buyback plan on Wednesday, March 20th 2019, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) released its quarterly earnings results on Tuesday, July, 23rd. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.05. The insurance provider earned $292.30 million during the quarter, compared to the consensus estimate of $295.03 million. MGIC Investment had a return on equity of 17.55% and a net margin of 56.84%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 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 Tuesday, October 22nd 2019. View Earnings Estimates for MGIC Investment.

How can I listen to MGIC Investment's earnings call?

MGIC Investment will be holding an earnings conference call on Tuesday, October 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for MTG?

5 Wall Street analysts have issued 1 year price objectives for MGIC Investment's shares. Their forecasts range from $14.00 to $18.00. On average, they anticipate MGIC Investment's share price to reach $15.90 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price. View Analyst Price Targets for MGIC Investment.

What is the consensus analysts' recommendation for MGIC Investment?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

Has MGIC Investment been receiving favorable news coverage?

News stories about MTG stock have trended very negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGIC Investment earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave media stories about the insurance provider a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the stock's share price in the next several days. View News Stories for MGIC Investment.

Are investors shorting MGIC Investment?

MGIC Investment saw a decrease in short interest in September. As of September 30th, there was short interest totalling 4,700,000 shares, a decrease of 47.8% from the August 30th total of 9,000,000 shares. Based on an average daily trading volume, of 3,640,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.4% of the shares of the stock are short sold. View MGIC Investment's Current Options Chain.

Who are some of MGIC Investment's key competitors?

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), Radian Group (RDN), GWG (GWGH), General Electric (GE), Ford Motor (F), Micron Technology (MU), Gilead Sciences (GILD), Bank of America (BAC) and Advanced Micro Devices (AMD).

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the folowing people:
  • Mr. Patrick Sinks, Pres, CEO & Director (Age 62)
  • Mr. Timothy James Mattke, Exec. VP & CFO (Age 43)
  • Mr. Stephen Crail Mackey, Exec. VP & Chief Risk Officer (Age 58)
  • Mr. James J. Hughes, Exec. VP of Sales & Bus. Devel. - Mortgage Guaranty Insurance Corp. (Age 56)
  • Mr. Jeffrey Harold Lane, Consultant (Age 69)

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Bowling Portfolio Management LLC (0.07%), Cerebellum GP LLC (0.01%) and State of Alaska Department of Revenue (0.01%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni and Michael E Lehman. View Institutional Ownership Trends for MGIC Investment.

Which institutional investors are buying MGIC Investment stock?

MTG stock was bought by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Cerebellum GP LLC and State of Alaska Department of Revenue. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni and Michael E Lehman. View Insider Buying and Selling for MGIC Investment.

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, Robinhood, Fidelity and Charles Schwab.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $13.29.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $4.71 billion and generates $1.12 billion in revenue each year. The insurance provider earns $670.10 million in net income (profit) each year or $1.78 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.View Additional Information About MGIC Investment.

What is MGIC Investment's official website?

The official website for MGIC Investment is http://mtg.mgic.com/.

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 (NYSE MTG)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  408 (Thanks for Voting!)
Underperform Votes:  368 (Thanks for Voting!)
Total Votes:  776
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.
This page was last updated on 10/16/2019 by MarketBeat.com Staff

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