MGIC Investment Stock Price, News & Analysis (NYSE:MTG)

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

MGIC Investment declared a quarterly dividend on Thursday, July 25th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.06 per share on Friday, September 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, August 29th. View MGIC Investment's Dividend History.

MGIC Investment announced that its Board of Directors has authorized a share buyback program on Wednesday, March 20th 2019, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings results on Tuesday, October, 22nd. The insurance provider reported $0.48 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.06. The insurance provider earned $318.38 million during the quarter, compared to the consensus estimate of $299 million. MGIC Investment had a net margin of 56.84% and a return on equity of 17.55%. The company's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. View MGIC Investment's Earnings History.

MGIC Investment is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for MGIC Investment.

4 equities research analysts have issued 12 month price targets for MGIC Investment's stock. Their forecasts range from $14.00 to $18.00. On average, they expect MGIC Investment's stock price to reach $16.17 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price. View Analyst Price Targets for MGIC Investment.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

News coverage about MTG stock has been trending extremely negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MGIC Investment earned a news sentiment score of -4.3 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for MGIC Investment.

MGIC Investment saw a decline in short interest in September. As of September 30th, there was short interest totalling 4,700,000 shares, a decline of 47.8% from the August 30th total of 9,000,000 shares. Based on an average daily trading volume, of 3,640,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.4% 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), Radian Group (RDN), TFS Financial (TFSL), Lendingtree (TREE), Washington Federal (WAFD), WSFS Financial (WSFS), LegacyTexas Financial Group (LTXB), Simply Good Foods (SMPL), Capitol Federal Financial (CFFN), Walker & Dunlop (WD), Northwest Bancshares (NWBI), Provident Financial Services (PFS), Berkshire Hills Bancorp (BHLB) and OceanFirst Financial (OCFC).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Radian Group (RDN), GWG (GWGH), Ford Motor (F), General Electric (GE), Gilead Sciences (GILD), Micron Technology (MU), Bank of America (BAC) and Advanced Micro Devices (AMD).

MGIC Investment's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bowling Portfolio Management LLC (0.07%), Virginia Retirement Systems ET AL (0.05%), Robeco Institutional Asset Management B.V. (0.04%), Meeder Asset Management Inc. (0.03%), EagleClaw Capital Managment LLC (0.01%) and Envestnet Asset Management Inc. (0.01%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni and Michael E Lehman. View Institutional Ownership Trends for MGIC Investment.

MTG stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Campbell & CO Investment Adviser LLC, Envestnet Asset Management Inc., Strs Ohio, Stephens Inc. AR and Nisa Investment Advisors LLC. View Insider Buying and Selling for MGIC Investment.

MTG stock was bought by a variety of institutional investors in the last quarter, including Virginia Retirement Systems ET AL, Bowling Portfolio Management LLC, Meeder Asset Management Inc., Cerebellum GP LLC, Signaturefd LLC, Zurcher Kantonalbank Zurich Cantonalbank , State of Alaska Department of Revenue and EagleClaw Capital Managment LLC. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni and Michael E Lehman. View Insider Buying and Selling 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 $14.36.

MGIC Investment has a market capitalization of $5.09 billion and generates $1.12 billion in revenue each year. The insurance provider earns $670.10 million in net income (profit) each year or $1.78 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.View Additional Information About MGIC Investment.

The official website for MGIC Investment is http://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]