Log in

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

$14.09
-0.01 (-0.07 %)
(As of 11/22/2019 08:29 AM ET)
Today's Range
$14.00
Now: $14.09
$14.18
50-Day Range
$12.44
MA: $13.62
$14.40
52-Week Range
$9.41
Now: $14.09
$14.97
Volume1.44 million shs
Average Volume2.53 million shs
Market Capitalization$4.91 billion
P/E Ratio7.92
Dividend Yield1.69%
Beta1.5
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$2.00 per share
Book Value$11.93 per share

Profitability

Net Income$670.10 million

Miscellaneous

Employees793
Market Cap$4.91 billion
Next Earnings Date1/16/2020 (Estimated)
OptionableOptionable

Receive MTG News and Ratings via Email

Sign-up to receive the latest news and ratings for MTG and its competitors with MarketBeat's FREE daily newsletter.


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, October 24th. Investors of record on Monday, November 11th will be given a dividend of $0.06 per share on Monday, November 25th. This represents a $0.24 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, November 7th. View MGIC Investment's Dividend History.

How will MGIC Investment's stock buyback program work?

MGIC Investment announced that its Board of Directors has approved a share repurchase program on Wednesday, March 20th 2019, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) released its earnings results on Tuesday, October, 22nd. The insurance provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The insurance provider earned $318.38 million during the quarter, compared to analysts' expectations of $299 million. MGIC Investment had a return on equity of 16.61% and a net margin of 55.08%. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 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 Thursday, January 16th 2020. View Earnings Estimates for MGIC Investment.

What price target have analysts set for MTG?

4 analysts have issued 1 year target prices for MGIC Investment's shares. 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 year. This suggests a possible upside of 19.5% from the stock's current price. View Analyst Price Targets for MGIC Investment.

What is the consensus analysts' recommendation 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.

Has MGIC Investment been receiving favorable news coverage?

News articles about MTG stock have trended negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public 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 -2.0 on InfoTrie's scale. They also gave news coverage about the insurance provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for MGIC Investment.

Are investors shorting MGIC Investment?

MGIC Investment saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,720,000 shares, a decrease of 11.4% from the September 30th total of 5,330,000 shares. Based on an average daily volume of 2,990,000 shares, the short-interest ratio is presently 1.6 days. Approximately 1.4% of the shares of the company 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), Ford Motor (F), General Electric (GE), Gilead Sciences (GILD), Micron Technology (MU), 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 many different of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (1.66%), Russell Investments Group Ltd. (1.22%), Bayview Asset Management LLC (1.11%), First Trust Advisors LP (0.43%), California Public Employees Retirement System (0.26%) and Alberta Investment Management Corp (0.13%). 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 institutional investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including Bayview Asset Management LLC, Monarch Partners Asset Management LLC, Mackay Shields LLC, Dupont Capital Management Corp, Origin Asset Management LLP, Tower Research Capital LLC TRC , Alberta Investment Management Corp and Robeco Institutional Asset Management B.V.. 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 institutional investors are buying MGIC Investment stock?

MTG stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Vaughan Nelson Investment Management L.P., Sumitomo Mitsui Trust Holdings Inc., State of New Jersey Common Pension Fund D, Eagle Asset Management Inc., California Public Employees Retirement System, Beach Point Capital Management LP and Virginia Retirement Systems ET AL. 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 $14.09.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $4.91 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:  417 (Vote Outperform)
Underperform Votes:  373 (Vote Underperform)
Total Votes:  790
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 11/22/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel