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NYSE:MTG

MGIC Investment - MTG Stock Forecast, Price & News

$14.87
+0.17 (+1.16%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.73
$14.90
50-Day Range
$11.42
$14.87
52-Week Range
$11.38
$16.84
Volume
1.13 million shs
Average Volume
3.12 million shs
Market Capitalization
$4.51 billion
P/E Ratio
6.41
Dividend Yield
2.18%
Price Target
$17.92

MGIC Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
20.5% Upside
$17.92 Price Target
Short Interest
Bearish
7.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
0.53mentions of MGIC Investment in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.58%
From $2.43 to $2.27 Per Share

Overall MarketRank

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

1.83 out of 5 stars

Finance Sector

784th out of 920 stocks

Surety Insurance Industry

6th out of 8 stocks

MTG stock logo

About MGIC Investment (NYSE:MTG) Stock

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, 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.

MGIC Investment Stock Performance

Shares of MTG traded up $0.17 during trading hours on Thursday, reaching $14.87. 1,134,307 shares of the company's stock traded hands, compared to its average volume of 3,119,819. MGIC Investment has a twelve month low of $11.38 and a twelve month high of $16.84. The business's fifty day simple moving average is $13.27 and its two-hundred day simple moving average is $13.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 1.18 and a beta of 1.47.

MGIC Investment Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.10 per share. This is a boost from MGIC Investment's previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, August 10th. This represents a $0.40 annualized dividend and a yield of 2.69%. MGIC Investment's dividend payout ratio (DPR) is presently 13.79%.

Wall Street Analyst Weigh In

MTG has been the topic of a number of recent research reports. StockNews.com upgraded MGIC Investment from a "hold" rating to a "buy" rating in a research note on Friday, August 5th. Royal Bank of Canada upgraded shares of MGIC Investment from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $15.00 to $16.00 in a research report on Thursday, June 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.92.

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MTG Stock News Headlines

MGIC Investment (MTG) Surpasses Q2 Earnings Estimates
MTG Crosses Above Key Moving Average Level
MGIC Investment (NYSE:MTG) Cut to "Hold" at StockNews.com
MGIC Investment Co. (NYSE:MTG) Short Interest Update
3 Reasons Why MGIC (MTG) Is a Great Growth Stock
See More Headlines
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MTG Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Today
8/11/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$17.92
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+20.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$634.98 million
Pretax Margin
80.98%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$2.31 per share
Book Value
$15.07 per share

Miscellaneous

Free Float
301,043,000
Market Cap
$4.51 billion
Optionable
Optionable
Beta
1.47

Key Executives

  • Mr. Timothy James Mattke (Age 46)
    CEO & Director
    Comp: $2.79M
  • Mr. Salvatore Antonino Miosi (Age 54)
    Pres & COO
    Comp: $2.03M
  • Mr. Nathaniel Howe Colson (Age 38)
    Exec. VP & CFO
    Comp: $1.11M
  • Ms. Paula Christine Maggio (Age 53)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.35M
  • Mr. James Jeffrey Hughes (Age 59)
    Exec. VP of Sales & Bus. Devel. of MGIC
    Comp: $1.39M
  • Ms. Julie Kay Sperber (Age 48)
    VP, Controller & Chief Accounting Officer
  • Mr. Michael J. Zimmerman
    Sr. VP of Investor Relations
  • Ms. Annette M. Adams
    Sr. VP & Chief HR Officer of MGIC
  • Mr. Steven Mark Thompson (Age 59)
    Exec. VP & Chief Risk Officer of MGIC
  • Mr. Robert J. Candelmo (Age 58)
    Sr. VP & Chief Information Officer of MGIC













MTG Stock - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 2022?

5 analysts have issued 12-month price targets for MGIC Investment's shares. Their MTG share price forecasts range from $16.00 to $23.00. On average, they anticipate the company's share price to reach $17.92 in the next twelve months. This suggests a possible upside of 20.5% 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 2022?

MGIC Investment's stock was trading at $14.42 at the beginning of the year. Since then, MTG shares have increased by 3.1% and is now trading at $14.87.
View the best growth stocks for 2022 here
.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest in June. As of June 30th, there was short interest totaling 20,910,000 shares, an increase of 33.6% from the June 15th total of 15,650,000 shares. Based on an average daily trading volume, of 2,870,000 shares, the short-interest ratio is currently 7.3 days. Currently, 6.8% of the shares of the stock are sold short.
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, November 2nd 2022.
View our MTG earnings forecast
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) issued its earnings results on Wednesday, November, 3rd. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The insurance provider had revenue of $294.74 million for the quarter. MGIC Investment had a net margin of 64.21% and a trailing twelve-month return on equity of 17.05%. During the same quarter in the prior year, the business posted $0.43 earnings per share.

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

MGIC Investment announced a quarterly dividend on Friday, July 29th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.10 per share on Thursday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, August 10th. This is a boost from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for MTG
.

Is MGIC Investment a good dividend stock?

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.18%. 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 13.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 14.10% 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 JPMorgan Chase & Co. (3.44%), Bank of Nova Scotia (1.61%), Bank of Nova Scotia (1.61%), Brown Advisory Inc. (1.22%), Assenagon Asset Management S.A. (1.02%) and Clearbridge Investments LLC (1.03%). Insiders that own company stock include Daniel A Arrigoni, James J Hughes, Jodee A Kozlak, Julie K Sperber, Michael E Lehman and Patrick Sinks.
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 $14.87.

How much money does MGIC Investment make?

MGIC Investment (NYSE:MTG) has a market capitalization of $4.51 billion and generates $1.19 billion in revenue each year. The insurance provider earns $634.98 million in net income (profit) each year or $2.32 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 8/12/2022 by MarketBeat.com Staff

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