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About MGIC Investment (NYSE:MTG)
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. 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; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements. 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.
Industry, Sector and Symbol
Industry Surety insurance
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNYSE:MTG
CUSIP55284810
Phone414-347-6480
Debt
Debt-to-Equity Ratio0.26
Current Ratio0.25
Quick Ratio0.25
Price-To-Earnings
Trailing P/E Ratio7.86
Forward P/E Ratio7.53
P/E Growth1.08
Sales & Book Value
Annual Sales$1.07 billion
Price / Sales3.72
Cash Flow$1.5698 per share
Price / Cash6.81
Book Value$8.51 per share
Price / Book1.26
Profitability
EPS (Most Recent Fiscal Year)$1.36
Net Income$355.76 million
Net Margins38.25%
Return on Equity17.43%
Return on Assets9.69%
Miscellaneous
Employees819
Outstanding Shares371,350,000
MGIC Investment (NYSE:MTG) Frequently Asked Questions
What is MGIC Investment's stock symbol?
MGIC Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTG."
How will MGIC Investment's stock buyback program work?
MGIC Investment announced that its Board of Directors has initiated a stock buyback program on Thursday, April 26th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
How were MGIC Investment's earnings last quarter?
MGIC Investment (NYSE:MTG) announced its quarterly earnings results on Wednesday, April, 18th. The insurance provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The insurance provider earned $265.80 million during the quarter, compared to the consensus estimate of $273.94 million. MGIC Investment had a return on equity of 17.43% and a net margin of 38.25%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. View MGIC Investment's Earnings History.
When is MGIC Investment's next earnings date?
What price target have analysts set for MTG?
13 brokers have issued 1 year price objectives for MGIC Investment's shares. Their predictions range from $12.00 to $20.00. On average, they expect MGIC Investment's share price to reach $15.9375 in the next year. View Analyst Ratings for MGIC Investment.
What are Wall Street analysts saying about MGIC Investment stock?
Here are some recent quotes from research analysts about MGIC Investment stock:
- 1. Wells Fargo analysts commented, "We were modeling an April cure ratio of 112.4%. The favorable cure ratio probably reflects delinquent loans curing in the geographical areas that the Agency declared Areas as a result of hurricanes Maria, which occurred in August September 2017. The cure ratio should be a precursor to favorable priorperiod development, although the initial reserve per delinquency in the hurricaneimpacted areas was probably lower than would otherwise be the case." (5/8/2018)
- 2. According to Zacks Investment Research, "A competitive environment and pressure to maintain capital at the required level will reduce the MGIC Investment’s capital flexibility. The company has also seen estimates for 2018 and 2019 moving south over the last 30 days. Nonetheless, the company remains well-poised to deliver improved earnings, banking on declining delinquency, lower claims payments and improving housing market. MGIC Investment expects to write about $50 billion new business as 2018 and also estimates insurance in force to improve. This apart, the company remains focused in enhancing shareholders’ value. Also, positive credit trends, increasing persistency and low expense ratio are tailwinds. MGIC Investment has a solid track of delivering positive earnings surprise for the last seven quarters. Also, shares of MGIC Investment have outperformed the industry in a year’s time." (3/20/2018)
Who are some of MGIC Investment's key competitors?
Who are MGIC Investment's key executives?
MGIC Investment's management team includes the folowing people:
- Mr. Patrick Sinks, Pres, CEO & Director (Age 61)
- Mr. Timothy James Mattke, Exec. VP & CFO (Age 42)
- Mr. Jeffrey Harold Lane, Exec. VP, Gen. Counsel & Sec. (Age 68)
- Mr. Stephen Crail Mackey, Exec. VP & Chief Risk Officer (Age 57)
- Mr. Gregory A. Chi, Sr. VP of Information Services & Chief Information Officer of MGIC (Age 58)
Has MGIC Investment been receiving favorable news coverage?
News headlines about MTG stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGIC Investment earned a news sentiment score of 0.13 on Accern's scale. They also assigned press coverage about the insurance provider an impact score of 47.37 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are MGIC Investment's major shareholders?
MGIC Investment's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.77%), LSV Asset Management (3.63%), Northern Trust Corp (1.86%), Point72 Asset Management L.P. (1.34%), Victory Capital Management Inc. (1.28%) and Old Mutual Global Investors UK Ltd. (1.15%). View Institutional Ownership Trends for MGIC Investment.
Which institutional investors are selling MGIC Investment stock?
MTG stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Heartland Advisors Inc., Principal Financial Group Inc., Broadview Advisors LLC, Engineers Gate Manager LP, Westfield Capital Management Co. LP, Highbridge Capital Management LLC and Great West Life Assurance Co. Can. View Insider Buying and Selling for MGIC Investment.
Which institutional investors are buying MGIC Investment stock?
MTG stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Old Mutual Global Investors UK Ltd., Eaton Vance Management, Russell Investments Group Ltd., SG Americas Securities LLC, Schwab Charles Investment Management Inc., Cobalt Capital Management Inc. and JPMorgan Chase & Co.. View Insider Buying and Selling for MGIC Investment.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is MGIC Investment's stock price today?
One share of MTG stock can currently be purchased for approximately $10.69.
How big of a company is MGIC Investment?
MGIC Investment has a market capitalization of $3.97 billion and generates $1.07 billion in revenue each year. The insurance provider earns $355.76 million in net income (profit) each year or $1.36 on an earnings per share basis. MGIC Investment employs 819 workers across the globe.
How can I contact MGIC Investment?
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]
MarketBeat Community Rating for MGIC Investment (MTG)
MarketBeat's community ratings are surveys of what our community members think about MGIC Investment and other stocks. Vote "Outperform" if you believe MTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTG will underperform the S&P 500 over the long term. You may vote once every thirty days.
MGIC Investment (NYSE:MTG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for MGIC Investment in the last 12 months. Their average twelve-month price target is $15.9375, suggesting that the stock has a possible upside of 49.09%. The high price target for MTG is $20.00 and the low price target for MTG is $12.00. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.77 | 2.77 | 3.00 | 2.80 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $15.9375 | $15.9375 | $16.5250 | $13.9722 |
| Price Target Upside: | 49.09% upside | 51.79% upside | 14.12% upside | 4.82% upside |
MGIC Investment (NYSE:MTG) Consensus Price Target History
MGIC Investment (NYSE:MTG) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
MGIC Investment (NYSE:MTG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
MGIC Investment (NYSE MTG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.03%
Institutional Ownership Percentage: 91.39%
MGIC Investment (NYSE MTG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/9/2016 | Cassandra C Carr | Director | Buy | 5,000 | $6.35 | $31,750.00 | 5,000 |  |
| 1/28/2016 | Gregory A Chi | SVP | Buy | 10,000 | $6.36 | $63,600.00 | 204,060 | |
| 1/28/2016 | Stephen C. Mackey | EVP | Buy | 5,000 | $6.43 | $32,150.00 | 5,000 | |
| 1/27/2016 | Timothy A. Holt | Director | Buy | 20,000 | $6.38 | $127,600.00 | 20,000 | |
| 1/26/2016 | Daniel A Arrigoni | Director | Buy | 10,000 | $5.88 | $58,800.00 | | |
| 1/26/2016 | Jeffrey H Lane | EVP | Buy | 15,000 | $5.93 | $88,950.00 | 850,663 | |
| 10/22/2015 | C Edward Chaplin | Director | Buy | 5,000 | $9.46 | $47,300.00 | 5,000 | |
| 8/13/2015 | Lawrence J Pierzchalski | EVP | Sell | 75,000 | $10.84 | $813,000.00 | | |
| 4/29/2015 | Donald T Nicolaisen | Director | Sell | 10,000 | $10.60 | $106,000.00 | | |
| 3/10/2015 | Daniel A Arrigoni | Director | Buy | 10,000 | $9.19 | $91,900.00 | | |
| 10/23/2014 | Michael E Lehman | Director | Buy | 5,000 | $8.26 | $41,300.00 | | |
| 3/4/2014 | Donald Nicolaisen | Director | Sell | 40,000 | $9.02 | $360,800.00 | 26,399 | |
| 3/7/2013 | Jeffrey H Lane | EVP | Buy | 35,000 | $5.15 | $180,250.00 | | |
| 3/7/2013 | Jon Michael Lauer | CFO | Buy | 50,000 | $5.15 | $257,500.00 | | |
| 3/7/2013 | Patrick Sinks | COO | Buy | 30,000 | $5.15 | $154,500.00 | | |
| 3/7/2013 | Timothy J Mattke | CAO | Buy | 10,000 | $5.15 | $51,500.00 | | |
| 8/9/2012 | James A Karpowicz | SVP | Buy | 18,700 | $1.05 | $19,635.00 | | |
| 8/8/2012 | James A Karpowicz | SVP | Buy | 1,300 | $1.03 | $1,339.00 | | |
| 8/6/2012 | Curt S Culver | CEO | Buy | 100,000 | $0.98 | $98,000.00 | | |
| 8/6/2012 | Jon Michael Lauer | CFO | Buy | 75,000 | $0.89 | $66,750.00 | | |
(Data available from 1/1/2013 forward)
MGIC Investment (NYSE MTG) News Headlines
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MGIC Investment (NYSE:MTG) SEC Filings
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MGIC Investment (NYSE:MTG) Income Statement, Balance Sheet and Cash Flow Statement
MGIC Investment (NYSE MTG) Stock Chart for Monday, May, 21, 2018
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