MGIC Investment - MTG Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. 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.
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5 analysts have issued 12 month target prices for MGIC Investment's shares. Their MTG share price forecasts range from $14.00 to $18.00. On average, they predict the company's stock price to reach $15.75 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
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MGIC Investment's stock was trading at $13.00 at the start of the year. Since then, MTG stock has decreased by 1.2% and is now trading at $12.85.
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MGIC Investment saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 8,990,000 shares, a drop of 16.1% from the February 28th total of 10,720,000 shares. Based on an average trading volume of 3,260,000 shares, the short-interest ratio is presently 2.8 days. Currently, 3.1% of the company's shares are sold short.
View MGIC Investment's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our MTG earnings forecast.

MGIC Investment Co. (NYSE:MTG) announced its quarterly earnings results on Thursday, February, 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The insurance provider had revenue of $292.25 million for the quarter, compared to the consensus estimate of $295.17 million. MGIC Investment had a trailing twelve-month return on equity of 19.71% and a net margin of 73.79%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS.

MGIC Investment declared a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, February 17th will be given a dividend of $0.10 per share on Thursday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, February 16th.
Read our dividend analysis for MTG.

ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), iShares Focused Value Factor ETF (FOVL), Ballast Small/Mid Cap ETF (MGMT), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and Fidelity U.S. Multifactor ETF (FLRG).

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.23%. 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 14.34%. 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 institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (4.72%), Dimensional Fund Advisors LP (3.50%), LSV Asset Management (2.94%), Morgan Stanley (1.87%), Millennium Management LLC (1.85%) and Geode Capital Management LLC (1.37%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner, James J Hughes, Jodee A Kozlak and Michael E Lehman.
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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 $12.85.

MGIC Investment (NYSE:MTG) has a market capitalization of $3.73 billion and generates $1.17 billion in revenue each year. The insurance provider earns $865.35 million in net income (profit) each year or $2.79 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.