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

$12.24
-0.38 (-3.01 %)
(As of 02/28/2020 02:03 AM ET)
Today's Range
$12.23
Now: $12.24
$12.70
50-Day Range
$12.24
MA: $13.78
$14.52
52-Week Range
$11.85
Now: $12.24
$15.24
Volume5.10 million shs
Average Volume2.90 million shs
Market Capitalization$4.23 billion
P/E Ratio6.58
Dividend Yield1.90%
Beta1.47
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$1.21 billion
Cash Flow$1.97 per share
Book Value$12.46 per share

Profitability

Net Income$673.76 million

Miscellaneous

Employees793
Market Cap$4.23 billion
Next Earnings Date4/28/2020 (Estimated)
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 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.

How will MGIC Investment's stock buyback program work?

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.

How were MGIC Investment's earnings last quarter?

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.

When is MGIC Investment's next earnings date?

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

What price target have analysts set for MTG?

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.

What is the consensus analysts' recommendation 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.

Has MGIC Investment been receiving favorable news coverage?

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.

Are investors shorting 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.

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

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 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.

Which major investors are selling MGIC Investment stock?

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.

Which major investors are buying MGIC Investment stock?

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.

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 $12.24.

How big of a company is MGIC Investment?

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.

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:  437 (Thanks for Voting!)
Underperform Votes:  395 (Thanks for Voting!)
Total Votes:  832
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 2/28/2020 by MarketBeat.com Staff

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