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 announced a quarterly dividend on Thursday, October 24th. Investors of record on Monday, November 11th will be paid a dividend of $0.06 per share on Monday, November 25th. This represents a $0.24 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, November 7th. View MGIC Investment's Dividend History.

MGIC Investment announced that its Board of Directors has approved a share buyback plan on Wednesday, March 20th 2019, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

MGIC Investment Corp. (NYSE:MTG) released its earnings results on Tuesday, October, 22nd. The insurance provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The insurance provider earned $318.38 million during the quarter, compared to the consensus estimate of $299 million. MGIC Investment had a net margin of 55.08% and a return on equity of 16.61%. The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. View MGIC Investment's Earnings History.

MGIC Investment is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for MGIC Investment.

4 analysts have issued twelve-month price targets for MGIC Investment's stock. Their forecasts range from $14.00 to $18.50. On average, they anticipate MGIC Investment's share price to reach $16.83 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price. View Analyst Price Targets for MGIC Investment.

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

Media headlines about MTG stock have been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGIC Investment earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for MGIC Investment.

MGIC Investment saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 4,720,000 shares, a decrease of 11.4% from the October 31st total of 5,330,000 shares. Based on an average trading volume of 2,990,000 shares, the short-interest ratio is currently 1.6 days. Approximately 1.4% of the shares of the stock are short sold. View MGIC Investment's Current Options Chain.

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

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), General Electric (GE), Bank of America (BAC), Gilead Sciences (GILD), Micron Technology (MU) and Genworth Financial (GNW).

MGIC Investment's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Point72 Asset Management L.P. (2.30%), State Street Corp (2.00%), Vaughan Nelson Investment Management L.P. (1.66%), Man Group plc (1.54%), Russell Investments Group Ltd. (1.22%) and Bayview Asset Management LLC (1.11%). 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 Boston Partners, Select Equity Group L.P., Bayview Asset Management LLC, Monarch Partners Asset Management LLC, Mackay Shields LLC, Dupont Capital Management Corp, Squarepoint Ops LLC and Origin Asset Management LLP. 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 Millennium Management LLC, Point72 Asset Management L.P., First Trust Advisors LP, Man Group plc, Voya Investment Management LLC, Vaughan Nelson Investment Management L.P., Parametric Portfolio Associates LLC and Sumitomo Mitsui Trust Holdings Inc.. 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 $14.22.

MGIC Investment has a market capitalization of $4.96 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.

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]