NYSE:MTGMGIC Investment Stock Price, Forecast & News

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTG shares have decreased by 27.0% and is now trading at $7.61. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MGIC Investment.

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for MGIC Investment.

MGIC Investment Corp. (NYSE:MTG) released its quarterly earnings data on Thursday, May, 7th. The insurance provider reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.42. The insurance provider earned $306.90 million during the quarter, compared to analysts' expectations of $304.61 million. MGIC Investment had a return on equity of 15.88% and a net margin of 54.64%. MGIC Investment's revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. View MGIC Investment's earnings history.

MGIC Investment declared a quarterly dividend on Friday, April 24th. Stockholders of record on Monday, May 11th will be given a dividend of $0.06 per share on Friday, May 29th. This represents a $0.24 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, May 8th. 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 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

7 analysts have issued 12 month target prices for MGIC Investment's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate MGIC Investment's share price to reach $11.96 in the next twelve months. This suggests a possible upside of 57.1% from the stock's current price. View analysts' price targets for MGIC Investment.

News coverage about MTG stock has been trending somewhat negative recently, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGIC Investment earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave press coverage about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutMGIC Investment.

MGIC Investment saw a increase in short interest in May. As of May 15th, there was short interest totaling 13,490,000 shares, an increase of 26.4% from the April 30th total of 10,670,000 shares. Based on an average daily trading volume, of 6,560,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.1% of the company's 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), Lendingtree (TREE), Radian Group (RDN), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), EverBank Financial (EVER), WSFS Financial (WSFS), Northwest Bancshares (NWBI), Walker & Dunlop (WD), OceanFirst Financial (OCFC), Oritani Financial (ORIT) and Provident Financial Services (PFS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Radian Group (RDN), Ford Motor (F), GWG (GWGH), AT&T (T), Bank of America (BAC), Energy Transfer LP Unit (ET), General Electric (GE) and Coty (COTY).

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

MGIC Investment's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.16%), Wellington Management Group LLP (3.45%), APG Asset Management N.V. (2.72%), APG Asset Management N.V. (2.72%), AJO LP (2.22%) and State Street Corp (2.00%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, Jodee A Kozlak, 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 APG Asset Management N.V., AJO LP, APG Asset Management N.V., APG Asset Management N.V., AQR Capital Management LLC, Wells Fargo & Company MN, Russell Investments Group Ltd., and Waddell & Reed Financial Inc.. 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 activity for MGIC Investment.

MTG stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Janus Henderson Group PLC, Bayview Asset Management LLC, Beach Point Capital Management LP, Investment Counselors of Maryland LLC, BI Asset Management Fondsmaeglerselskab A S, Schroder Investment Management Group, and Squarepoint Ops LLC. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni, Jodee A Kozlak, and Michael E Lehman. View insider buying and selling activity 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 $7.61.

MGIC Investment has a market capitalization of $2.58 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.

The official website for MGIC Investment is 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]