MGIC Investment Corporation Company Profile (NYSE:MTG)

About MGIC Investment Corporation (NYSE:MTG)

MGIC Investment Corporation logoMGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, the Company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation. The Company's subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property Insurance
  • Sub-Industry: Thrifts & Mortgage Finance
  • Symbol: NYSE:MTG
  • CUSIP: 55284810
  • Web: mtg.mgic.com
Capitalization:
  • Market Cap: $5.08 billion
  • Outstanding Shares: 370,561,000
Average Prices:
  • 50 Day Moving Avg: $12.18
  • 200 Day Moving Avg: $11.38
  • 52 Week Range: $7.94 - $14.02
P/E:
  • Trailing P/E Ratio: 14.18
  • Foreward P/E Ratio: 11.61
  • P/E Growth: 1.55
Sales & Book Value:
  • Annual Revenue: $1.06 billion
  • Price / Sales: 4.79
  • Book Value: $8.08 per share
  • Price / Book: 1.70
Profitability:
  • EBITDA: $801.94 million
  • Net Margins: 41.08%
  • Return on Equity: 17.01%
  • Return on Assets: 8.08%
Debt:
  • Debt-to-Equity Ratio: 0.28%
  • Current Ratio: 0.18%
  • Quick Ratio: 0.18%
Misc:
  • Average Volume: 2.52 million shs.
  • Beta: 2.16
  • Short Ratio: 1.65
 

Frequently Asked Questions for MGIC Investment Corporation (NYSE:MTG)

What is MGIC Investment Corporation's stock symbol?

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

How were MGIC Investment Corporation's earnings last quarter?

MGIC Investment Corporation (NYSE:MTG) posted its quarterly earnings results on Wednesday, October, 18th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm earned $270.30 million during the quarter, compared to analysts' expectations of $267.85 million. MGIC Investment Corporation had a return on equity of 17.01% and a net margin of 41.08%. The business's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. View MGIC Investment Corporation's Earnings History.

When will MGIC Investment Corporation make its next earnings announcement?

MGIC Investment Corporation is scheduled to release their next quarterly earnings announcement on Thursday, January, 18th 2018. View Earnings Estimates for MGIC Investment Corporation.

Where is MGIC Investment Corporation's stock going? Where will MGIC Investment Corporation's stock price be in 2017?

9 analysts have issued 12 month price targets for MGIC Investment Corporation's shares. Their forecasts range from $10.00 to $16.00. On average, they expect MGIC Investment Corporation's share price to reach $13.97 in the next year. View Analyst Ratings for MGIC Investment Corporation.

What are analysts saying about MGIC Investment Corporation stock?

Here are some recent quotes from research analysts about MGIC Investment Corporation stock:

  • 1. According to Zacks Investment Research, "MGIC Investment’s third-quarter bottom line beat estimates on lower losses incurred. Insurance in force improved while claims declined year over year. Also, expense ratio remained low.  Shares of MGIC Investment have outperformed the industry, since it posted better than third quarter earnings. The company remains well poised to deliver improved earnings banking on declining delinquency, lower claims payments and improving housing market. The company expects to write about the same amount of new business as 2016, and also estimates insurance in force to improve in 2017. This apart, the company remains focused in enhancing shareholders’ value. Also, positive credit trends, low expense ratio are tailwinds. However, a competitive environment and pressure to maintain capital at required level will reduce the company’s capital flexibility." (10/23/2017)
  • 2. Credit Suisse Group analysts commented, "We are increasing our 2017-18 EPS estimates to reflect our updated share repurchase outlook, and are raising our target price to $10 (from $8). We see three paths to be able to fund the buyback: 1. Cash on hand: As of 9/30, MTG had $330 million of hold co cash, of which $145 million is being held for the 2017 debt maturity and $40 million for completing the buyback as part of the 3Q debt issuance/convert repurchase. This leaves MTG with about $145 million of available cash. With no near-term debt maturities (2023 is next), and the dividend from the MI subsidiary covering interest, MTG has limited needs to hold substantial hold co cash." (11/28/2016)

Who are some of MGIC Investment Corporation's key competitors?

Who are MGIC Investment Corporation's key executives?

MGIC Investment Corporation's management team includes the folowing people:

  • Patrick Sinks, President, Chief Executive Officer, Chief Operating Officer, Director
  • Timothy J. Mattke, Chief Financial Officer, Executive Vice President
  • Stephen C. Mackey, Executive Vice President, Chief Risk Officer
  • Jeffrey H. Lane, Executive Vice President, General Counsel, Secretary
  • Gregory A. Chi, Senior Vice President – Information Services and Chief Information Officer of MGIC
  • James J. Hughes, Executive Vice President – Sales and Business Development of MGIC
  • Curt S. Culver, Non-Executive Chairman of the Board
  • Kenneth M. Jastrow II, Lead Independent Director
  • Daniel A. Arrigoni, Independent Director
  • Cassandra C. Carr, Independent Director

Who owns MGIC Investment Corporation stock?

MGIC Investment Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.33%), Nationwide Fund Advisors (0.25%), Oxbow Advisors LLC (0.05%), Strs Ohio (0.04%), Quantitative Systematic Strategies LLC (0.03%) and Fox Run Management L.L.C. (0.01%). Company insiders that own MGIC Investment Corporation stock include Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Stephen C Mackey and Timothy A Holt. View Institutional Ownership Trends for MGIC Investment Corporation.

Who sold MGIC Investment Corporation stock? Who is selling MGIC Investment Corporation stock?

MGIC Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including Oxbow Advisors LLC. View Insider Buying and Selling for MGIC Investment Corporation.

Who bought MGIC Investment Corporation stock? Who is buying MGIC Investment Corporation stock?

MGIC Investment Corporation's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Nationwide Fund Advisors, Quantitative Systematic Strategies LLC, Strs Ohio, Fox Run Management L.L.C. and CAPROCK Group Inc.. Company insiders that have bought MGIC Investment Corporation stock in the last two years include Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Stephen C Mackey and Timothy A Holt. View Insider Buying and Selling for MGIC Investment Corporation.

How do I buy MGIC Investment Corporation stock?

Shares of MGIC Investment Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MGIC Investment Corporation's stock price today?

One share of MGIC Investment Corporation stock can currently be purchased for approximately $13.70.


MarketBeat Community Rating for MGIC Investment Corporation (NYSE MTG)
Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  269 (Vote Outperform)
Underperform Votes:  221 (Vote Underperform)
Total Votes:  490
MarketBeat's community ratings are surveys of what our community members think about MGIC Investment Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MGIC Investment Corporation (NYSE:MTG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.89)
Consensus Price Target: $13.97 (1.99% upside)
Consensus Price Target History for MGIC Investment Corporation (NYSE:MTG)
Price Target History for MGIC Investment Corporation (NYSE:MTG)
Analysts' Ratings History for MGIC Investment Corporation (NYSE:MTG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017Bank of America CorporationBoost Price TargetBuy$13.00 -> $16.00N/AView Rating Details
10/19/2017MKM PartnersBoost Price TargetBuy$16.00N/AView Rating Details
10/19/2017Barclays PLCBoost Price TargetOverweight$13.00 -> $15.00N/AView Rating Details
10/18/2017FBR & CoReiterated RatingBuyN/AView Rating Details
10/14/2017BTIG ResearchReiterated RatingBuy$14.00N/AView Rating Details
10/11/2017Compass PointReiterated RatingBuy$13.00 -> $15.25N/AView Rating Details
8/31/2017Keefe, Bruyette & WoodsReiterated RatingBuy$13.00LowView Rating Details
7/21/2017Deutsche Bank AGBoost Price TargetBuy$13.00 -> $13.50LowView Rating Details
2/8/2017Credit Suisse GroupSet Price TargetHold$10.00N/AView Rating Details
1/22/2016Goldman Sachs Group, Inc. (The)Reiterated RatingConviction-Buy -> Buy$11.00 -> $10.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for MGIC Investment Corporation (NYSE:MTG)
Earnings by Quarter for MGIC Investment Corporation (NYSE:MTG)
Earnings History by Quarter for MGIC Investment Corporation (NYSE MTG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/17/2018$0.27N/AView Earnings Details
10/18/20179/30/2017$0.26$0.32$267.85 million$270.30 millionViewN/AView Earnings Details
7/20/2017Q2 2017$0.25$0.31$263.43 million$263.31 millionViewN/AView Earnings Details
4/20/2017Q1 2017$0.24$0.31$262.97 million$260.90 millionViewN/AView Earnings Details
1/19/2017Q4 2016$0.22$0.28$264.69 million$266.50 millionViewListenView Earnings Details
10/18/2016Q316$0.17$0.25$259.57 million$273.90 millionViewListenView Earnings Details
7/19/2016Q216$0.20$0.26$255.01 million$263.50 millionViewListenView Earnings Details
4/19/2016Q116$0.22$0.17$258.88 million$258.60 millionViewListenView Earnings Details
1/21/2016Q415$0.26$0.26$258.19 million$257.90 millionViewListenView Earnings Details
10/15/2015Q315$0.21$0.29$250.35 million$269.50 millionViewListenView Earnings Details
7/16/2015Q215$0.23$0.28$247.34 million$243.10 millionViewListenView Earnings Details
4/21/2015Q115$0.21$0.26$243.55 million$270.20 millionViewListenView Earnings Details
1/20/2015Q414$0.14$0.19$237.64 million$240.36 millionViewListenView Earnings Details
10/15/2014Q314$0.10$0.18$233.30 million$235.10 millionViewListenView Earnings Details
7/16/2014Q214$0.13$0.12$237.13 million$231.20 millionViewListenView Earnings Details
4/22/2014Q1 2014$0.09$0.15$242.35 million$235.10 millionViewListenView Earnings Details
1/23/2014Q413($0.03)($0.01)$254.67 million$251.90 millionViewListenView Earnings Details
10/16/2013Q313($0.13)$0.04$260.92 million$254.40 millionViewListenView Earnings Details
7/23/2013Q2 2013($0.15)$0.04$266.24 million$263.90 millionViewListenView Earnings Details
4/30/2013Q1 2013($0.15)($0.31)$281.31 million$269.20 millionViewListenView Earnings Details
2/28/2013Q4 2012($1.77)($1.91)$322.32 million$371.40 millionViewListenView Earnings Details
11/9/2012Q312($0.50)($1.22)$285.03 million$306.20 millionViewN/AView Earnings Details
8/2/2012($0.52)($1.36)ViewN/AView Earnings Details
4/23/2012($0.37)($0.10)ViewN/AView Earnings Details
1/24/2012($0.80)($0.67)ViewN/AView Earnings Details
10/21/2011($0.86)($0.82)ViewN/AView Earnings Details
7/18/2011($0.13)($0.75)ViewN/AView Earnings Details
4/20/2011($0.06)($0.17)ViewN/AView Earnings Details
1/19/2011($0.58)($0.93)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGIC Investment Corporation (NYSE:MTG)
2017 EPS Consensus Estimate: $0.99
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.25$0.25$0.25
Q2 20171$0.26$0.26$0.26
Q3 20171$0.24$0.24$0.24
Q4 20171$0.24$0.24$0.24
(Data provided by Zacks Investment Research)

Dividends

Dividend History for MGIC Investment Corporation (NYSE:MTG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for MGIC Investment Corporation (NYSE:MTG)
Insider Ownership Percentage: 1.03%
Institutional Ownership Percentage: 89.43%
Insider Trades by Quarter for MGIC Investment Corporation (NYSE:MTG)
Institutional Ownership by Quarter for MGIC Investment Corporation (NYSE:MTG)
Insider Trades by Quarter for MGIC Investment Corporation (NYSE:MTG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/9/2016Cassandra C CarrDirectorBuy5,000$6.35$31,750.00View SEC Filing  
1/28/2016Gregory A ChiSVPBuy10,000$6.36$63,600.00View SEC Filing  
1/28/2016Stephen C. MackeyEVPBuy5,000$6.43$32,150.00View SEC Filing  
1/27/2016Timothy A. HoltDirectorBuy20,000$6.38$127,600.00View SEC Filing  
1/26/2016Daniel A ArrigoniDirectorBuy10,000$5.88$58,800.00View SEC Filing  
1/26/2016Jeffrey H LaneEVPBuy15,000$5.93$88,950.00View SEC Filing  
10/22/2015C Edward ChaplinDirectorBuy5,000$9.46$47,300.00View SEC Filing  
8/13/2015Lawrence J PierzchalskiEVPSell75,000$10.84$813,000.00View SEC Filing  
4/29/2015Donald T NicolaisenDirectorSell10,000$10.60$106,000.00View SEC Filing  
3/10/2015Daniel A ArrigoniDirectorBuy10,000$9.19$91,900.00View SEC Filing  
10/23/2014Michael E LehmanDirectorBuy5,000$8.26$41,300.00View SEC Filing  
3/4/2014Donald NicolaisenDirectorSell40,000$9.02$360,800.00View SEC Filing  
3/7/2013Jeffrey H LaneEVPBuy35,000$5.15$180,250.00View SEC Filing  
3/7/2013Jon Michael LauerCFOBuy50,000$5.15$257,500.00View SEC Filing  
3/7/2013Patrick SinksCOOBuy30,000$5.15$154,500.00View SEC Filing  
3/7/2013Timothy J MattkeCAOBuy10,000$5.15$51,500.00View SEC Filing  
8/9/2012James A KarpowiczSVPBuy18,700$1.05$19,635.00View SEC Filing  
8/8/2012James A KarpowiczSVPBuy1,300$1.03$1,339.00View SEC Filing  
8/6/2012Curt S CulverCEOBuy100,000$0.98$98,000.00View SEC Filing  
8/6/2012Jon Michael LauerCFOBuy75,000$0.89$66,750.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for MGIC Investment Corporation (NYSE:MTG)
Latest Headlines for MGIC Investment Corporation (NYSE:MTG)
Source:
Loading headlines, please wait.

Social

Chart

MGIC Investment Corporation (MTG) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.