NYSE:MTG MGIC Investment - MTG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MGIC Investment Co. Please log in to your account or sign up in order to add this asset to your watchlist. $12.85 +0.09 (+0.71%) (As of 03/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$12.76▼$13.0150-Day Range$12.38▼$14.3352-Week Range$11.38▼$15.76Volume1.75 million shsAverage Volume4.50 million shsMarket Capitalization$3.73 billionP/E Ratio4.61Dividend Yield3.11%Price Target$15.75 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MGIC Investment MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside22.6% Upside$15.75 Price TargetShort InterestHealthy3.13% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment1.08Based on 4 Articles This WeekInsider TradingSelling Shares$115,480 Sold Last QuarterProj. Earnings Growth10.38%From $2.12 to $2.34 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.60 out of 5 starsFinance Sector464th out of 884 stocksSurety Insurance Industry5th out of 8 stocks 2.3 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.75, MGIC Investment has a forecasted upside of 22.6% from its current price of $12.85.Amount of Analyst CoverageMGIC Investment has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.13% of the float of MGIC Investment has been sold short.Short Interest Ratio / Days to CoverMGIC Investment has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MGIC Investment has recently decreased by 16.14%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 14.34%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGIC Investment will have a dividend payout ratio of 17.09% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGIC Investment has received a -130.12% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Private mortgage insurances" product. See details.Environmental SustainabilityThe Environmental Impact score for MGIC Investment is -0.07. Previous Next 2.8 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for MGIC Investment this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for MTG on MarketBeat in the last 30 days. This is a decrease of -92% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added MGIC Investment to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $115,480.00 in company stock.Percentage Held by InsidersOnly 0.79% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions96.95% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 10.38% in the coming year, from $2.12 to $2.34 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 4.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.81.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 4.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.07.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.20. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGIC Investment has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MGIC Investment (NYSE:MTG) StockMGIC Investment Corp. is a holding company, which engages in the provision of mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.Read More Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address MTG Stock News HeadlinesMarch 20, 2023 | finance.yahoo.comMGIC Investment's (NYSE:MTG) investors will be pleased with their stellar 151% return over the last three yearsMarch 13, 2023 | finance.yahoo.comMagic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2022 Earnings Call TranscriptMarch 28, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 9, 2023 | nasdaq.comMagic Software (MGIC) Q4 Earnings and Revenues Surpass EstimatesMarch 3, 2023 | finance.yahoo.comWhy Is MGIC (MTG) Down 3.8% Since Last Earnings Report?February 11, 2023 | finance.yahoo.comThere's A Lot To Like About MGIC Investment's (NYSE:MTG) Upcoming US$0.10 DividendFebruary 8, 2023 | finance.yahoo.comAssurant (AIZ) Q4 Earnings & Revenues Beat, Premiums Rise Y/YFebruary 6, 2023 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Q4 2022 Earnings Call TranscriptMarch 28, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastFebruary 4, 2023 | finance.yahoo.comMGIC Investment Full Year 2022 Earnings: EPS Beats ExpectationsFebruary 3, 2023 | seekingalpha.comBuy MGIC: 15% Cash Returns To Investors And GrowingFebruary 1, 2023 | msn.comMGIC Investment Q4 Non-GAAP EPS beats, revenue missesFebruary 1, 2023 | finance.yahoo.comMGIC Investment (MTG) Q4 Earnings Surpass EstimatesJanuary 27, 2023 | finance.yahoo.comDoes MGIC Investment (NYSE:MTG) Deserve A Spot On Your Watchlist?January 17, 2023 | finance.yahoo.comWhat Would a Recession Mean for MGIC's Earnings?January 6, 2023 | finance.yahoo.comHere's Why Hold is an Apt Strategy for EverQuote (EVER) NowJanuary 3, 2023 | finance.yahoo.comMGIC Investment Corporation Schedules 4th Quarter 2022 Earnings CallDecember 31, 2022 | seekingalpha.comMTG MGIC Investment CorporationDecember 29, 2022 | finance.yahoo.comBet on These 5 Low Leverage Stocks to Avoid Inflation WoesDecember 28, 2022 | finance.yahoo.comHere's Why You Should Add MGIC Investment (MTG) to Your KittyDecember 27, 2022 | nasdaq.com3 Insurance Stocks Wall Street Analysts Think Will Rally in 2023December 21, 2022 | finance.yahoo.comRegional Management (RM) Expands to Idaho, Reaches 18 StatesDecember 16, 2022 | finance.yahoo.comLincoln National's (LNC) Marketplace to Lower Student Loan DebtDecember 8, 2022 | finance.yahoo.comMGIC Announces Partnership with VestaDecember 6, 2022 | finance.yahoo.comShould You Retain Lemonade (LMND) Stock in Your Portfolio?December 6, 2022 | finance.yahoo.comKemper (KMPR) Divests Reserve National, Focuses on Key AreasDecember 2, 2022 | finance.yahoo.com5 Dividend-Paying Multiline Insurers for a Stable PortfolioSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address MTG Company Calendar Last Earnings2/02/2023Ex-Dividend for 3/2 Dividend2/16/2023Dividend Payable3/02/2023Today3/28/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:MTG CUSIP55284810 CIK876437 Webmtg.mgic.com Phone(414) 347-6480Fax414-347-6696Employees711Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.75 High Stock Price Forecast$18.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+22.6%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.79 Trailing P/E Ratio4.61 Forward P/E Ratio6.06 P/E Growth1.2Net Income$865.35 million Net Margins73.79% Pretax Margin92.94% Return on Equity19.71% Return on Assets14.02% Debt Debt-to-Equity Ratio0.14 Current Ratio0.65 Quick Ratio0.65 Sales & Book Value Annual Sales$1.17 billion Price / Sales3.18 Cash Flow$3.25 per share Price / Cash Flow3.95 Book Value$15.63 per share Price / Book0.82Miscellaneous Outstanding Shares290,428,000Free Float288,134,000Market Cap$3.73 billion OptionableOptionable Beta1.36 Key ExecutivesTimothy J. MattkeChief Executive Officer & DirectorSalvatore A. MiosiPresident & Chief Operating OfficerNathaniel H. ColsonChief Financial Officer & Executive Vice PresidentRobert J. CandelmoChief Information Officer & Senior Vice PresidentSteven M. ThompsonChief Risk Officer & Executive Vice PresidentKey CompetitorsRadian GroupNYSE:RDNEssent GroupNYSE:ESNTAssured GuarantyNYSE:AGONMINASDAQ:NMIHOld Republic InternationalNYSE:ORIView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 7,861 shares on 3/23/2023Ownership: 0.064%Victory Capital Management Inc.Bought 111,631 shares on 3/10/2023Ownership: 0.961%Lakewood Asset Management LLCBought 2,586 shares on 3/1/2023Ownership: 0.001%Voya Investment Management LLCSold 164,754 shares on 2/28/2023Ownership: 0.124%Gary A PolinerSold 8,296 sharesTotal: $115,480.32 ($13.92/share)View All Insider TransactionsView All Institutional Transactions 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 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. View MTG analyst ratings or view top-rated stocks. What is MGIC Investment's stock price forecast for 2023? 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. View analysts price targets for MTG or view top-rated stocks among Wall Street analysts. How have MTG shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting MGIC Investment? 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. When is MGIC Investment's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our MTG earnings forecast. How were MGIC Investment's earnings last quarter? 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. How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment? 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. What ETFs hold MGIC Investment's stock? 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). Is MGIC Investment a good dividend stock? 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. 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 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. 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 $12.85. How much money does MGIC Investment make? 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. 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 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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