NYSE:MTG - MGIC Investment Stock Price, News & Analysis

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

MGIC Investment announced a quarterly dividend on Thursday, July 25th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.06 per share on Friday, September 20th. This represents a $0.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, August 29th. View MGIC Investment's Dividend History.

MGIC Investment declared that its Board of Directors has approved a stock buyback program on Wednesday, March 20th 2019, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings results on Tuesday, July, 23rd. The insurance provider reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The insurance provider had revenue of $292.30 million for the quarter, compared to the consensus estimate of $295.03 million. MGIC Investment had a net margin of 56.84% and a return on equity of 17.55%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. View MGIC Investment's Earnings History.

MGIC Investment is scheduled to release their next quarterly earnings announcement on Wednesday, October 16th 2019. View Earnings Estimates for MGIC Investment.

5 analysts have issued 12-month target prices for MGIC Investment's shares. Their predictions range from $14.00 to $18.00. On average, they expect MGIC Investment's stock price to reach $15.90 in the next year. This suggests a possible upside of 23.3% from the stock's current price. View Analyst Price Targets for MGIC Investment.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

News stories about MTG stock have been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGIC Investment earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave press coverage about the insurance provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact 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 during the month of August. As of August 31st, there was short interest totalling 5,847,700 shares, a decrease of 8.0% from the July 31st total of 6,357,900 shares. Based on an average daily trading volume, of 4,500,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.7% of the company's shares are sold short. View MGIC Investment's Current Options Chain.

Some companies that are related to MGIC Investment include Old Republic International (ORI), Radian Group (RDN), Essent Group (ESNT), Assured Guaranty (AGO), NMI (NMIH), Ambac Financial Group (AMBC), MBIA (MBI) and Syncora (SYCRF).

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), General Electric (GE), Ford Motor (F), Micron Technology (MU), Gilead Sciences (GILD), Bank of America (BAC) and Advanced Micro Devices (AMD).

MGIC Investment's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.82%), BlackRock Inc. (4.51%), BlackRock Inc. (4.51%), LSV Asset Management (3.64%), APG Asset Management N.V. (3.37%) and Renaissance Technologies LLC (1.79%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni and Michael E Lehman. View Institutional Ownership Trends for MGIC Investment.

MTG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., BlackRock Inc., Bayview Asset Management LLC, Northern Trust Corp, Wells Fargo & Company MN, LSV Asset Management, Vanguard Group Inc. and Morgan Stanley. View Insider Buying and Selling for MGIC Investment.

MTG stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Point72 Asset Management L.P., Panagora Asset Management Inc., D. E. Shaw & Co. Inc., Grantham Mayo Van Otterloo & Co. LLC, Nuveen Asset Management LLC, Los Angeles Capital Management & Equity Research Inc. and Paloma Partners Management Co. 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 $12.8950.

MGIC Investment has a market capitalization of $4.57 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]