NYSE:MTGMGIC Investment Stock Price, Forecast & News

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MTG stock has decreased by 13.9% and is now trading at $8.98. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MGIC Investment.

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for MGIC Investment.

MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings data on Thursday, May, 7th. The insurance provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The insurance provider had revenue of $306.90 million for the quarter, compared to analyst estimates of $304.61 million. MGIC Investment had a return on equity of 15.88% and a net margin of 54.64%. MGIC Investment's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. View MGIC Investment's earnings history.

MGIC Investment announced a quarterly dividend on Friday, April 24th. Investors of record on Monday, May 11th will be given a dividend of $0.06 per share on Friday, May 29th. This represents a $0.24 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, May 8th. View MGIC Investment's dividend history.

MGIC Investment announced that its board has initiated a stock buyback program on Wednesday, March 20th 2019, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

7 brokerages have issued 12 month price objectives for MGIC Investment's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate MGIC Investment's stock price to reach $11.96 in the next twelve months. This suggests a possible upside of 33.2% from the stock's current price. View analysts' price targets for MGIC Investment.

News coverage about MTG stock has trended very negative this week, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGIC Investment earned a news impact score of -3.2 on InfoTrie's scale. They also gave media stories about the insurance provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutMGIC Investment.

MGIC Investment saw a increase in short interest in May. As of May 15th, there was short interest totaling 13,490,000 shares, an increase of 26.4% from the April 30th total of 10,670,000 shares. Based on an average trading volume of 6,560,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 4.1% of the shares of the company are short sold. View MGIC Investment's Current Options Chain.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), WSFS Financial (WSFS), EverBank Financial (EVER), Walker & Dunlop (WD), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), Provident Financial Services (PFS) and Oritani Financial (ORIT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Radian Group (RDN), Ford Motor (F), GWG (GWGH), AT&T (T), Bank of America (BAC), Energy Transfer LP Unit (ET), General Electric (GE) and Coty (COTY).

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

MGIC Investment's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.16%), Wellington Management Group LLP (3.45%), APG Asset Management N.V. (2.72%), APG Asset Management N.V. (2.72%), AJO LP (2.22%) and State Street Corp (2.00%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, Jodee A Kozlak, Julie K Sperber, Michael E Lehman and Patrick Sinks. View institutional ownership trends for MGIC Investment.

MTG stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., AJO LP, APG Asset Management N.V., APG Asset Management N.V., AQR Capital Management LLC, Wells Fargo & Company MN, Russell Investments Group Ltd., and Waddell & Reed Financial Inc.. Company insiders that have sold MGIC Investment company stock in the last year include Julie K Sperber, and Patrick Sinks. View insider buying and selling activity for MGIC Investment.

MTG stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Janus Henderson Group PLC, Bayview Asset Management LLC, Beach Point Capital Management LP, Investment Counselors of Maryland LLC, BI Asset Management Fondsmaeglerselskab A S, Schroder Investment Management Group, and Squarepoint Ops LLC. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni, Jodee A Kozlak, and Michael E Lehman. View insider buying and selling activity for MGIC Investment.

Shares of MTG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MTG stock can currently be purchased for approximately $8.98.

MGIC Investment has a market capitalization of $3.04 billion and generates $1.21 billion in revenue each year. The insurance provider earns $673.76 million in net income (profit) each year or $1.84 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.

The official website for MGIC Investment is mtg.mgic.com.

MGIC Investment's mailing address is 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202. The insurance provider can be reached via phone at 414-347-6480 or via email at [email protected]