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NYSE:MTG

MGIC Investment - MTG Stock Forecast, Price & News

$13.96
-0.04 (-0.29%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$13.84
$14.03
50-Day Range
$12.66
$14.33
52-Week Range
$11.38
$16.41
Volume
2.40 million shs
Average Volume
3.06 million shs
Market Capitalization
$4.15 billion
P/E Ratio
5.00
Dividend Yield
2.90%
Price Target
$15.75

MGIC Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
12.8% Upside
$15.75 Price Target
Short Interest
Bearish
5.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
0.61mentions of MGIC Investment in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.96%
From $2.17 to $2.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Finance Sector

423rd out of 857 stocks

Surety Insurance Industry

3rd out of 8 stocks

MTG stock logo

About MGIC Investment (NYSE:MTG) Stock

MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

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MTG Stock News Headlines

What Makes this Investment a Recommended Inflation Hedge?
In June 2022, U.S. inflation reached 9.1%, a 40-year high. As a result, many investors are increasing their allocations to inflation hedging assets. One such asset that is seeing record demand is fine art. During periods where inflation was over 3%, art historically showed a 13.5% rate of appreciation – beating stocks, and real estate. With Masterworks, it's easy for anyone to invest in art. Get started today with a special link. **See important disclosures pixel
MGIC Investment (NYSE:MTG) Downgraded by StockNews.com to Hold
MGIC Investment (NYSE:MTG) Given Buy Rating at Roth Capital
Buy MGIC: 15% Cash Returns To Investors And Growing
What Makes this Investment a Recommended Inflation Hedge?
In June 2022, U.S. inflation reached 9.1%, a 40-year high. As a result, many investors are increasing their allocations to inflation hedging assets. One such asset that is seeing record demand is fine art. During periods where inflation was over 3%, art historically showed a 13.5% rate of appreciation – beating stocks, and real estate. With Masterworks, it's easy for anyone to invest in art. Get started today with a special link. **See important disclosures pixel
MGIC Investment (MTG) Q4 Earnings Surpass Estimates
MGIC Investment (MTG) to Release Earnings on Wednesday
What Would a Recession Mean for MGIC's Earnings?
MTG MGIC Investment Corporation
Bet on These 5 Low Leverage Stocks to Avoid Inflation Woes
MGIC Announces Partnership with Vesta
Why Is MGIC (MTG) Up 0.6% Since Last Earnings Report?
See More Headlines
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MTG Company Calendar

Ex-Dividend for 11/23 Dividend
11/09/2022
Dividend Payable
11/23/2022
Last Earnings
2/02/2023
Today
2/08/2023
Ex-Dividend for 3/2 Dividend
2/16/2023
Dividend Payable
3/02/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
55284810
Employees
711
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.75
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$865.35 million
Pretax Margin
92.94%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$2.26 per share
Book Value
$15.63 per share

Miscellaneous

Free Float
294,679,000
Market Cap
$4.15 billion
Optionable
Optionable
Beta
1.37

Key Executives

  • Timothy J. Mattke
    Chief Executive Officer & Director
  • Salvatore A. Miosi
    President & Chief Operating Officer
  • Nathaniel H. Colson
    Chief Financial Officer & Executive Vice President
  • Robert J. Candelmo
    Chief Information Officer & Senior Vice President
  • Steven M. Thompson
    Chief Risk Officer & Executive Vice President













MTG Stock - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1-year price objectives for MGIC Investment's stock. Their MTG share price forecasts range from $14.00 to $18.00. On average, they anticipate the company's share price to reach $15.75 in the next twelve months. This suggests a possible upside of 12.8% 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 on January 1st, 2023. Since then, MTG shares have increased by 7.4% and is now trading at $13.96.
View the best growth stocks for 2023 here
.

Are investors shorting MGIC Investment?

MGIC Investment saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 17,310,000 shares, a decrease of 18.3% from the December 15th total of 21,200,000 shares. Based on an average trading volume of 3,180,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 5.9% of the company's shares are short sold.
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) issued its quarterly earnings results on Thursday, February, 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. The insurance provider had revenue of $292.25 million for the quarter, compared to analyst estimates of $295.17 million. MGIC Investment had a net margin of 73.79% and a trailing twelve-month return on equity of 19.71%. MGIC Investment's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share.

How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment?

MGIC Investment announced a quarterly dividend on Tuesday, January 24th. Investors 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 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, February 16th.
Read our dividend analysis for MTG
.

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 2.90%. 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 14.87% 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 retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.94%), National Bank of Canada FI (1.04%), Los Angeles Capital Management LLC (0.59%), Leeward Investments LLC MA (0.27%), California Public Employees Retirement System (0.26%) and Swiss National Bank (0.25%). Insiders that own company stock include Daniel A Arrigoni, James J Hughes, Jodee A Kozlak, Julie K Sperber 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 $13.96.

How much money does MGIC Investment make?

MGIC Investment (NYSE:MTG) has a market capitalization of $4.15 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 2/8/2023 by MarketBeat.com Staff