MGIC Investment (MTG) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. 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.

5 equities research analysts have issued twelve-month price targets for MGIC Investment's shares. Their MTG share price forecasts range from $14.00 to $18.00. On average, they expect the company's stock price to reach $16.20 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
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MGIC Investment's stock was trading at $13.00 at the beginning of the year. Since then, MTG shares have increased by 19.7% and is now trading at $15.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our MTG earnings forecast.

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

MGIC Investment announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.10 per share on Thursday, May 25th. This represents a $0.40 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, May 10th.
Read our dividend analysis for MTG.

ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), iShares Focused Value Factor ETF (FOVL), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust NASDAQ Rising Dividend Achievers (RDVY), Ballast Small/Mid Cap ETF (MGMT), First Trust Financial AlphaDEX Fund (FXO) and SPDR S&P Bank ETF (KBE).

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.65%. 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.

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.

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).

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

MGIC Investment's stock is owned by a number 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.

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.
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One share of MTG stock can currently be purchased for approximately $15.56.

MGIC Investment (NYSE:MTG) has a market capitalization of $4.46 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.

The company employs 711 workers across the globe.

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.