NYSE:MTG - MGIC Investment Stock Price, Forecast & News

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

MGIC Investment declared a quarterly dividend on Wednesday, January 29th. Investors of record on Tuesday, February 11th will be given a dividend of $0.06 per share on Friday, February 28th. This represents a $0.24 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, February 10th. View MGIC Investment's Dividend History.

MGIC Investment declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 20th 2019, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

MGIC Investment Corp. (NYSE:MTG) issued its earnings results on Tuesday, February, 4th. The insurance provider reported $0.49 EPS for the quarter, beating the Zacks' consensus estimate of $0.42 by $0.07. The insurance provider had revenue of $311.60 million for the quarter, compared to analyst estimates of $307.10 million. MGIC Investment had a net margin of 55.50% and a return on equity of 16.41%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. View MGIC Investment's Earnings History.

MGIC Investment is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for MGIC Investment.

3 equities research analysts have issued 1 year target prices for MGIC Investment's shares. Their forecasts range from $18.00 to $19.00. On average, they anticipate MGIC Investment's stock price to reach $18.50 in the next year. This suggests a possible upside of 51.1% from the stock's current price. View Analyst Price Targets for MGIC Investment.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

News stories about MTG stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. The research group scores the sentiment of media 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 five, with scores closest to five being the most favorable. MGIC Investment earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for MGIC Investment.

MGIC Investment saw a increase in short interest in February. As of February 14th, there was short interest totalling 2,950,000 shares, an increase of 13.5% from the January 30th total of 2,600,000 shares. Based on an average daily trading volume, of 2,290,000 shares, the short-interest ratio is presently 1.3 days. Approximately 0.9% of the company's shares are sold short. View MGIC Investment's Current Options Chain.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), Radian Group (RDN), Lendingtree (TREE), Washington Federal (WAFD), Walker & Dunlop (WD), Simply Good Foods (SMPL), WSFS Financial (WSFS), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), Berkshire Hills Bancorp (BHLB), Brookline Bancorp (BRKL) and OceanFirst Financial (OCFC).

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), Ford Motor (F), Gilead Sciences (GILD), General Electric (GE), Bank of America (BAC), AT&T (T) and Genworth Financial (GNW).

MGIC Investment's stock is owned by a number of of institutional and retail investors. Top institutional investors include LSV Asset Management (3.52%), AJO LP (3.01%), FMR LLC (2.43%), AQR Capital Management LLC (2.40%), Goldman Sachs Group Inc. (2.09%) and State Street Corp (2.02%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, Julie K Sperber, Michael E Lehman and Patrick Sinks. View Institutional Ownership Trends for MGIC Investment.

MTG stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Renaissance Technologies LLC, Ellington Management Group LLC, Panagora Asset Management Inc., Acadian Asset Management LLC, Bank of America Corp DE, Man Group plc and LSV Asset Management. Company insiders that have sold MGIC Investment company stock in the last year include Julie K Sperber and Patrick Sinks. View Insider Buying and Selling for MGIC Investment.

MTG stock was acquired by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ , AQR Capital Management LLC, Madison Asset Management LLC, Vaughan Nelson Investment Management L.P., Schroder Investment Management Group, AJO LP, MUFG Securities EMEA plc and Russell Investments Group Ltd.. 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.

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.

One share of MTG stock can currently be purchased for approximately $12.24.

MGIC Investment has a market capitalization of $4.23 billion and generates $1.21 billion in revenue each year. The insurance provider earns $673.76 million in net income (profit) each year or $1.84 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.View Additional Information About MGIC Investment.

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

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]