MGIC Investment Corporation Company Profile (NYSE:MTG)

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

MGIC Investment Corporation (NYSE:MTG) posted its quarterly earnings results on Wednesday, October, 18th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm earned $270.30 million during the quarter, compared to analysts' expectations of $267.85 million. MGIC Investment Corporation had a return on equity of 17.01% and a net margin of 41.08%. The business's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. View MGIC Investment Corporation's Earnings History.

MGIC Investment Corporation is scheduled to release their next quarterly earnings announcement on Thursday, January, 18th 2018. View Earnings Estimates for MGIC Investment Corporation.

9 analysts have issued 12 month price targets for MGIC Investment Corporation's shares. Their forecasts range from $10.00 to $16.00. On average, they expect MGIC Investment Corporation's share price to reach $13.97 in the next year. View Analyst Ratings for MGIC Investment Corporation.

Here are some recent quotes from research analysts about MGIC Investment Corporation stock:

• 1. According to Zacks Investment Research, "MGIC Investment’s third-quarter bottom line beat estimates on lower losses incurred. Insurance in force improved while claims declined year over year. Also, expense ratio remained low.  Shares of MGIC Investment have outperformed the industry, since it posted better than third quarter earnings. The company remains well poised to deliver improved earnings banking on declining delinquency, lower claims payments and improving housing market. The company expects to write about the same amount of new business as 2016, and also estimates insurance in force to improve in 2017. This apart, the company remains focused in enhancing shareholders’ value. Also, positive credit trends, low expense ratio are tailwinds. However, a competitive environment and pressure to maintain capital at required level will reduce the company’s capital flexibility." (10/23/2017)
• 2. Credit Suisse Group analysts commented, "We are increasing our 2017-18 EPS estimates to reflect our updated share repurchase outlook, and are raising our target price to $10 (from $8). We see three paths to be able to fund the buyback: 1. Cash on hand: As of 9/30, MTG had $330 million of hold co cash, of which $145 million is being held for the 2017 debt maturity and $40 million for completing the buyback as part of the 3Q debt issuance/convert repurchase. This leaves MTG with about $145 million of available cash. With no near-term debt maturities (2023 is next), and the dividend from the MI subsidiary covering interest, MTG has limited needs to hold substantial hold co cash." (11/28/2016)

Some companies that are related to MGIC Investment Corporation include Daiwa Securities Group (DSEEY), SEI Investments Company (SEIC), Grupo Aval Acciones y Valores S.A. (AVAL), SVB Financial Group (SIVB), Torchmark Corporation (TMK), Ageas SA (AGESY), SL Green Realty Corporation (SLG), Everest Re Group (RE), Fidelity National Financial (FNF), KKR & Co. L.P. (KKR), Land Securities Group PLC (LSGOF), Reinsurance Group of America, Incorporated (RGA), American Financial Group (AFG), Macro Bank (BMA), East West Bancorp (EWBC), Alleghany Corporation (Y), W.R. Berkley Corporation (WRB) and Bankinter SA (BKNIY).

MGIC Investment Corporation's management team includes the folowing people:

• Patrick Sinks, President, Chief Executive Officer, Chief Operating Officer, Director
• Timothy J. Mattke, Chief Financial Officer, Executive Vice President
• Stephen C. Mackey, Executive Vice President, Chief Risk Officer
• Jeffrey H. Lane, Executive Vice President, General Counsel, Secretary
• Gregory A. Chi, Senior Vice President – Information Services and Chief Information Officer of MGIC
• James J. Hughes, Executive Vice President – Sales and Business Development of MGIC
• Curt S. Culver, Non-Executive Chairman of the Board
• Kenneth M. Jastrow II, Lead Independent Director
• Daniel A. Arrigoni, Independent Director
• Cassandra C. Carr, Independent Director

MGIC Investment Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.33%), Nationwide Fund Advisors (0.25%), Oxbow Advisors LLC (0.05%), Strs Ohio (0.04%), Quantitative Systematic Strategies LLC (0.03%) and Fox Run Management L.L.C. (0.01%). Company insiders that own MGIC Investment Corporation stock include Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Stephen C Mackey and Timothy A Holt. View Institutional Ownership Trends for MGIC Investment Corporation.

MGIC Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including Oxbow Advisors LLC. View Insider Buying and Selling for MGIC Investment Corporation.

MGIC Investment Corporation's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Nationwide Fund Advisors, Quantitative Systematic Strategies LLC, Strs Ohio, Fox Run Management L.L.C. and CAPROCK Group Inc.. Company insiders that have bought MGIC Investment Corporation stock in the last two years include Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Stephen C Mackey and Timothy A Holt. View Insider Buying and Selling for MGIC Investment Corporation.

Shares of MGIC Investment Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MGIC Investment Corporation stock can currently be purchased for approximately $13.70.