NYSE:MTG

MGIC Investment Stock Forecast, Price & News

$13.82
+0.32 (+2.37 %)
(As of 06/21/2021 12:50 PM ET)
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Today's Range
$13.64
$13.89
50-Day Range
$13.31
$15.56
52-Week Range
$7.01
$15.68
Volume45,728 shs
Average Volume3.31 million shs
Market Capitalization$4.69 billion
P/E Ratio10.71
Dividend Yield1.78%
Beta1.79
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MGIC Investment logo

About MGIC Investment

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, Puerto Rico, and Guam. 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. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.28 out of 5 stars

Finance Sector

76th out of 1,970 stocks

Surety Insurance Industry

3rd out of 12 stocks

Analyst Opinion: 1.5Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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MGIC Investment (NYSE:MTG) Frequently Asked Questions

Is MGIC Investment a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGIC Investment stock.
View analyst ratings for MGIC Investment
or view top-rated stocks.

What stocks does MarketBeat like better than MGIC Investment?

Wall Street analysts have given MGIC Investment a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGIC Investment wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 19,590,000 shares, an increase of 17.8% from the May 13th total of 16,630,000 shares. Based on an average daily trading volume, of 2,900,000 shares, the short-interest ratio is currently 6.8 days. Approximately 5.8% of the company's shares are short sold.
View MGIC Investment's Short Interest
.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for MGIC Investment
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) posted its quarterly earnings data on Wednesday, May, 5th. The insurance provider reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. The insurance provider earned $295.74 million during the quarter. MGIC Investment had a trailing twelve-month return on equity of 9.98% and a net margin of 37.50%.
View MGIC Investment's earnings history
.

How has MGIC Investment's stock been impacted by Coronavirus?

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MTG stock has increased by 32.5% and is now trading at $13.82.
View which stocks have been most impacted by COVID-19
.

How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment?

MGIC Investment declared a quarterly dividend on Friday, April 30th. Investors of record on Thursday, May 13th will be paid a dividend of $0.06 per share on Thursday, May 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, May 12th.
View MGIC Investment's dividend history
.

Is MGIC Investment a good dividend stock?

MGIC Investment pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.78%. MGIC Investment does not yet have a strong track record of dividend growth. The dividend payout ratio of MGIC Investment is 18.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 12.77% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.
View MGIC Investment's dividend history.

What price target have analysts set for MTG?

4 brokerages have issued twelve-month price targets for MGIC Investment's stock. Their forecasts range from $13.00 to $17.00. On average, they expect MGIC Investment's share price to reach $14.80 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
View analysts' price targets for MGIC Investment
or view top-rated stocks among Wall Street analysts.

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the following people:
  • Mr. Timothy James Mattke, CEO & Director (Age 45, Pay $2.29M)
  • Mr. Salvatore Antonino Miosi, Pres & COO (Age 53, Pay $1.74M)
  • Mr. Nathaniel Howe Colson, Exec. VP & CFO (Age 37, Pay $840.42k)
  • Ms. Paula Christine Maggio, Exec. VP, Gen. Counsel & Sec. (Age 52, Pay $1.04M)
  • Mr. James Jeffrey Hughes, Exec. VP of Sales & Bus. Devel. - Mortgage Guaranty Insurance Corp. (Age 58, Pay $1.07M)
  • Ms. Julie Kay Sperber, VP, Controller & Chief Accounting Officer (Age 47)
  • Mr. Michael J. Zimmerman, Sr. VP of Investor Relations
  • Ms. Annette M. Adams, Sr. VP & Chief HR Officer
  • Mr. Nathan Ryan Abramowski, VP & Treasurer
  • Brian M. Remington, VP & Assistant Sec.

What is Tim Mattke's approval rating as MGIC Investment's CEO?

1 employees have rated MGIC Investment CEO Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among MGIC Investment's employees. This puts Tim Mattke in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), Ford Motor (F), Radian Group (RDN), AT&T (T), Bank of America (BAC), Energy Transfer (ET), General Electric (GE), Coty (COTY) and Freeport-McMoRan (FCX).

What is MGIC Investment's stock symbol?

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

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.25%), Goldman Sachs Group Inc. (4.35%), LSV Asset Management (2.84%), Bank of Nova Scotia (1.78%), Geode Capital Management LLC (1.58%) and Dimensional Fund Advisors LP (1.41%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, James J Hughes, Jodee A Kozlak, 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 Goldman Sachs Group Inc., Senator Investment Group LP, Millennium Management LLC, Clearbridge Investments LLC, Bank of New York Mellon Corp, Russell Investments Group Ltd., Panagora Asset Management Inc., and LSV Asset Management.
View insider buying and selling activity for MGIC Investment
or view top insider-selling stocks.

Which institutional investors are buying MGIC Investment stock?

MTG stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Bank of Nova Scotia, Rubric Capital Management LP, Dimensional Fund Advisors LP, Royce & Associates LP, BlackRock Inc., Voloridge Investment Management LLC, and Allianz Asset Management GmbH. 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
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $13.82.

How much money does MGIC Investment make?

MGIC Investment has a market capitalization of $4.69 billion and generates $1.20 billion in revenue each year. The insurance provider earns $446.09 million in net income (profit) each year or $1.32 on an earnings per share basis.

How many employees does MGIC Investment have?

MGIC Investment employs 739 workers across the globe.

What is MGIC Investment's official website?

The official website for MGIC Investment is mtg.mgic.com.

Where are MGIC Investment's headquarters?

MGIC Investment is headquartered at 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202.

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]


This page was last updated on 6/21/2021 by MarketBeat.com Staff
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