MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, the Company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation. The Company's subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Property Insurance
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NYSE:MTG
- CUSIP: 55284810
- Web: mtg.mgic.com
- Market Cap: $4.41709 billion
- Outstanding Shares: 370,561,000
- 50 Day Moving Avg: $11.51
- 200 Day Moving Avg: $11.01
- 52 Week Range: $7.78 - $12.25
Sales & Book Value:
- Trailing P/E Ratio: 12.19
- Foreward P/E Ratio: 10.64
- P/E Growth: 1.33
- Annual Revenue: $1.06 billion
- Price / Sales: 4.17
- Book Value: $8.08 per share
- Price / Book: 1.48
- EBIDTA: $801.94 million
- Net Margins: 34.99%
- Return on Equity: 16.56%
- Return on Assets: 7.72%
- Debt-to-Equity Ratio: 0.28%
- Current Ratio: 0.18%
- Quick Ratio: 0.18%
- Average Volume: 2.70 million shs.
- Beta: 2.23
- Short Ratio: 1.65
Frequently Asked Questions for MGIC Investment Corporation (NYSE:MTG)
What is MGIC Investment Corporation's stock symbol?
MGIC Investment Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTG."
How were MGIC Investment Corporation's earnings last quarter?
MGIC Investment Corporation (NYSE:MTG) issued its quarterly earnings data on Thursday, July, 20th. The company reported $0.31 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.06. The firm had revenue of $263.31 million for the quarter, compared to analysts' expectations of $263.43 million. MGIC Investment Corporation had a net margin of 34.99% and a return on equity of 16.56%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. View MGIC Investment Corporation's Earnings History.
When will MGIC Investment Corporation make its next earnings announcement?
Where is MGIC Investment Corporation's stock going? Where will MGIC Investment Corporation's stock price be in 2017?
9 brokers have issued 12-month price objectives for MGIC Investment Corporation's stock. Their predictions range from $10.00 to $14.00. On average, they expect MGIC Investment Corporation's stock price to reach $12.17 in the next year. View Analyst Ratings for MGIC Investment Corporation.
What are analysts saying about MGIC Investment Corporation stock?
Here are some recent quotes from research analysts about MGIC Investment Corporation stock:
- 1. According to Zacks Investment Research, "Shares of MGIC Investment have outperformed the industry, year to date. 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 and be a major contributor to housing finance policy. Also, positive credit trends, low expense ratio are tailwinds. Moreover, an improving housing market and declining delinquency will boost the company’s earnings in the coming quarters. However, a competitive environment and pressure to maintain capital at required level will reduce the company’s capital flexibility. With respect to quarterly results, MGIC Investment’s second-quarter 2017 earnings beat our expectations and also improved year over year, driven by higher insurance written." (8/22/2017)
- 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)
Who are some of MGIC Investment Corporation's key competitors?
Some companies that are related to MGIC Investment Corporation include Reinsurance Group of America, Incorporated (RGA), Alleghany Corporation (Y), Camden Property Trust (CPT), Kimco Realty Corporation (KIM), VEREIT (VER), American Capital Agency Corp. (AGNC), Bankinter SA (BKNIY), East West Bancorp (EWBC), British Land Company PLC Sponsored ADR (BTLCY), Aercap Holdings N.V. (AER), W.R. Berkley Corporation (WRB), Scor SE (SCRYY), Equity Lifestyle Properties (ELS), Macerich Company (The) (MAC), W.P. Carey (WPC), Zillow Group (Z), Oaktree Capital Group, LLC (OAK) and NorthStar Asset Management Group (CLNS).
Who are MGIC Investment Corporation's key executives?
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
Who owns MGIC Investment Corporation stock?
MGIC Investment Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.38%), BlackRock Inc. (6.83%), FMR LLC (4.02%), Bank of New York Mellon Corp (3.56%), State Street Corp (3.48%) and LSV Asset Management (3.39%). Company insiders that own MGIC Investment Corporation stock include C Edward Chaplin, 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.
Who sold MGIC Investment Corporation stock? Who is selling MGIC Investment Corporation stock?
MGIC Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., The Manufacturers Life Insurance Company , Balyasny Asset Management LLC, Nicholas Investment Partners LP, Columbus Circle Investors, Renaissance Technologies LLC, Schroder Investment Management Group and FMR LLC. View Insider Buying and Selling for MGIC Investment Corporation.
Who bought MGIC Investment Corporation stock? Who is buying MGIC Investment Corporation stock?
MGIC Investment Corporation's stock was purchased by a variety of institutional investors in the last quarter, including AJO LP, Janus Henderson Group PLC, Vanguard Group Inc., Bank of New York Mellon Corp, Westfield Capital Management Co. LP, Vaughan Nelson Investment Management L.P., Macquarie Group Ltd. and Ameriprise Financial Inc.. Company insiders that have bought MGIC Investment Corporation stock in the last two years include C Edward Chaplin, 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.
How do I buy MGIC Investment Corporation stock?
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.
What is MGIC Investment Corporation's stock price today?
MarketBeat Community Rating for MGIC Investment Corporation (NYSE MTG)MarketBeat's community ratings are surveys of what our community members think about MGIC Investment Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of MGIC Investment Corporation stock can currently be purchased for approximately $11.92.
Consensus Ratings for MGIC Investment Corporation (NYSE:MTG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.89)|
|Consensus Price Target: ||$12.17 (2.07% upside)|
Analysts' Ratings History for MGIC Investment Corporation (NYSE:MTG)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/31/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$13.00||Low|
|7/22/2017||BTIG Research||Reiterated Rating||Buy||$12.00 -> $14.00||Low|
|7/21/2017||Deutsche Bank AG||Boost Price Target||Buy||$13.00 -> $13.50||Low|
|4/25/2017||MKM Partners||Reiterated Rating||Buy||$10.00 -> $13.00||Low|
|4/12/2017||Compass Point||Upgrade||Neutral -> Buy||Low|
|2/13/2017||FBR & Co||Boost Price Target||Outperform||$12.00 -> $13.00||N/A|
|2/8/2017||Credit Suisse Group||Set Price Target||Hold||$10.00||N/A|
|1/9/2017||Barclays PLC||Reiterated Rating||Buy||$13.00||N/A|
|10/17/2016||Bank of America Corporation||Initiated Coverage||Buy||$10.00||N/A|
|1/22/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Conviction-Buy -> Buy||$11.00 -> $10.00||N/A|
|10/8/2015||Macquarie||Lower Price Target||Neutral||$12.00 -> $11.00||N/A|
Earnings History for MGIC Investment Corporation (NYSE:MTG)Earnings History by Quarter for MGIC Investment Corporation (NYSE MTG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/20/2017||Q2 2017||$0.25||$0.31||$263.43 million||$263.31 million||View||N/A|
|4/20/2017||Q1 2017||$0.24||$0.31||$262.97 million||$260.90 million||View||N/A|
|1/19/2017||Q4 2016||$0.22||$0.28||$264.69 million||$266.50 million||View||Listen|
|10/18/2016||Q316||$0.17||$0.25||$259.57 million||$273.90 million||View||Listen|
|7/19/2016||Q216||$0.20||$0.26||$255.01 million||$263.50 million||View||Listen|
|4/19/2016||Q116||$0.22||$0.17||$258.88 million||$258.60 million||View||Listen|
|1/21/2016||Q415||$0.26||$0.26||$258.19 million||$257.90 million||View||Listen|
|10/15/2015||Q315||$0.21||$0.29||$250.35 million||$269.50 million||View||Listen|
|7/16/2015||Q215||$0.23||$0.28||$247.34 million||$243.10 million||View||Listen|
|4/21/2015||Q115||$0.21||$0.26||$243.55 million||$270.20 million||View||Listen|
|1/20/2015||Q414||$0.14||$0.19||$237.64 million||$240.36 million||View||Listen|
|10/15/2014||Q314||$0.10||$0.18||$233.30 million||$235.10 million||View||Listen|
|7/16/2014||Q214||$0.13||$0.12||$237.13 million||$231.20 million||View||Listen|
|4/22/2014||Q1 2014||$0.09||$0.15||$242.35 million||$235.10 million||View||Listen|
|1/23/2014||Q413||($0.03)||($0.01)||$254.67 million||$251.90 million||View||Listen|
|10/16/2013||Q313||($0.13)||$0.04||$260.92 million||$254.40 million||View||Listen|
|7/23/2013||Q2 2013||($0.15)||$0.04||$266.24 million||$263.90 million||View||Listen|
|4/30/2013||Q1 2013||($0.15)||($0.31)||$281.31 million||$269.20 million||View||Listen|
|2/28/2013||Q4 2012||($1.77)||($1.91)||$322.32 million||$371.40 million||View||Listen|
|11/9/2012||Q312||($0.50)||($1.22)||$285.03 million||$306.20 million||View||N/A|
Earnings Estimates for MGIC Investment Corporation (NYSE:MTG)
2017 EPS Consensus Estimate: $1.00
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for MGIC Investment Corporation (NYSE:MTG)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for MGIC Investment Corporation (NYSE:MTG)
Insider Ownership Percentage: 1.03%Insider Trades by Quarter for MGIC Investment Corporation (NYSE:MTG)
Institutional Ownership Percentage: 89.58%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/9/2016||Cassandra C Carr||Director||Buy||5,000||$6.35||$31,750.00|| |
|1/28/2016||Gregory A Chi||SVP||Buy||10,000||$6.36||$63,600.00|| |
|1/28/2016||Stephen C. Mackey||EVP||Buy||5,000||$6.43||$32,150.00|| |
|1/27/2016||Timothy A. Holt||Director||Buy||20,000||$6.38||$127,600.00|| |
|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|| |
|10/22/2015||C Edward Chaplin||Director||Buy||5,000||$9.46||$47,300.00|| |
|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|| |
|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|| |
Headline Trends for MGIC Investment Corporation (NYSE:MTG)
Latest Headlines for MGIC Investment Corporation (NYSE:MTG)
MGIC Investment Corporation (MTG) Chart for Friday, September, 22, 2017