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 Thursday, October 24th. Shareholders 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 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Thursday, November 7th. View MGIC Investment's Dividend History.

MGIC Investment announced that its board has initiated a stock buyback 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings results on Tuesday, October, 22nd. The insurance provider reported $0.48 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.05. The insurance provider had revenue of $318.38 million for 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% compared to the same quarter last year. During the same period last year, the business 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 equities research analysts have issued 12 month price targets for MGIC Investment's shares. Their forecasts range from $14.00 to $18.50. On average, they anticipate MGIC Investment's stock price to reach $16.83 in the next year. This suggests a possible upside of 19.6% 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.

Headlines about MTG stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGIC Investment earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave press coverage about the insurance provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for MGIC Investment.

MGIC Investment saw a decrease in short interest in 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 daily trading volume, of 2,990,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 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), TFS Financial (TFSL), New York Community Bancorp (NYCB), 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 a number of of institutional and retail investors. Top institutional investors 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 bought 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 $14.07.

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.

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]