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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
Having Trouble in Your Trading? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Having Trouble in Your Trading? (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
Having Trouble in Your Trading? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Having Trouble in Your Trading? (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
Having Trouble in Your Trading? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Having Trouble in Your Trading? (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?

MGIC Investment (MTG) Stock Forecast, Price & News

$15.12
-0.35 (-2.26%)
(As of 05/31/2023 ET)
Compare
Today's Range
$15.05
$15.47
50-Day Range
$12.38
$15.47
52-Week Range
$11.38
$15.76
Volume
2.55 million shs
Average Volume
2.81 million shs
Market Capitalization
$4.33 billion
P/E Ratio
5.44
Dividend Yield
2.65%
Price Target
$16.20

MGIC Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
7.1% Upside
$16.20 Price Target
Short Interest
Healthy
3.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
1.44mentions of MGIC Investment in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.85%
From $2.19 to $2.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Finance Sector

644th out of 901 stocks

Surety Insurance Industry

5th out of 8 stocks


MTG stock logo

About MGIC Investment (NYSE:MTG) Stock

MGIC Investment Corp. is a holding company, which engages in the provision of mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

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MTG Stock News Headlines

StockNews.com Begins Coverage on MGIC Investment (NYSE:MTG)
Brokerages Set MGIC Investment Co. (NYSE:MTG) PT at $16.20
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
RBC Capital Remains a Buy on MGIC Investment (MTG)
MGIC Investment (NYSE: MTG)
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Q1 2023 MGIC Investment Corp Earnings Call
MGIC Investment (MTG) Q1 Earnings Beat Estimates
What Wall Street expects from MGIC Investment's earnings
8-K: MGIC INVESTMENT CORP
MGIC Investment Co. (NYSE:MTG) Short Interest Up 44.9% in March
MGIC ANNOUNCES NEW BUSINESS DEVELOPMENT LEADERSHIP
See More Headlines
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MTG Company Calendar

Last Earnings
5/03/2023
Ex-Dividend for 5/25 Dividend
5/10/2023
Dividend Payable
5/25/2023
Today
6/01/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
55284810
Employees
711
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.20
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$865.35 million
Pretax Margin
91.75%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$3.22 per share
Book Value
$16.67 per share

Miscellaneous

Free Float
284,354,000
Market Cap
$4.33 billion
Optionable
Optionable
Beta
1.34

Key Executives

  • Timothy J. Mattke
    Chief Executive Officer & Director
  • Salvatore A. Miosi
    President & Chief Operating Officer
  • Nathaniel H. Colson
    Chief Financial Officer & Executive Vice President
  • Robert J. Candelmo
    Chief Information Officer & Senior Vice President
  • Steven M. Thompson
    Chief Risk Officer & Executive Vice President













MTG Stock - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

5 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" MTG shares.
View MTG analyst ratings
or view top-rated stocks.

What is MGIC Investment's stock price forecast for 2023?

5 Wall Street analysts have issued 12 month target prices for MGIC Investment's stock. Their MTG share price forecasts range from $14.00 to $18.00. On average, they predict the company's stock price to reach $16.20 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
View analysts price targets for MTG
or view top-rated stocks among Wall Street analysts.

How have MTG shares performed in 2023?

MGIC Investment's stock was trading at $13.00 at the beginning of 2023. Since then, MTG shares have increased by 16.3% and is now trading at $15.12.
View the best growth stocks for 2023 here
.

Are investors shorting MGIC Investment?

MGIC Investment saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 12,230,000 shares, a decrease of 6.1% from the March 31st total of 13,030,000 shares. Based on an average trading volume of 2,970,000 shares, the short-interest ratio is presently 4.1 days. Approximately 4.3% of the shares of the company are short sold.
View MGIC Investment's Short Interest
.

When is MGIC Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our MTG earnings forecast
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) announced its earnings results on Wednesday, May, 3rd. The insurance provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The insurance provider had revenue of $284 million for the quarter, compared to the consensus estimate of $291.89 million. MGIC Investment had a trailing twelve-month return on equity of 18.77% and a net margin of 72.70%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share.

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

MGIC Investment declared a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, May 11th will be given a dividend of $0.10 per share on Thursday, May 25th. This represents a $0.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, May 10th.
Read our dividend analysis for MTG
.

Is MGIC Investment a good dividend stock?

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.64%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 17.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTG.

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

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

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 shareholders include BlackRock Inc. (9.62%), First Trust Advisors LP (5.21%), JPMorgan Chase & Co. (5.01%), Wellington Management Group LLP (4.85%), Dimensional Fund Advisors LP (4.21%) and FMR LLC (4.20%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner, James J Hughes and Michael E Lehman.
View institutional ownership trends
.

How do I buy shares of MGIC Investment?

Shares of MTG stock 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 $15.12.

How much money does MGIC Investment make?

MGIC Investment (NYSE:MTG) has a market capitalization of $4.33 billion and generates $1.17 billion in revenue each year. The insurance provider earns $865.35 million in net income (profit) each year or $2.78 on an earnings per share basis.

How many employees does MGIC Investment have?

The company employs 711 workers across the globe.

How can I contact MGIC Investment?

MGIC Investment's mailing address is 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202. The official website for the company is mtg.mgic.com. The insurance provider can be reached via phone at (414) 347-6480, via email at mike_zimmerman@mgic.com, or via fax at 414-347-6696.

This page (NYSE:MTG) was last updated on 6/1/2023 by MarketBeat.com Staff

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