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NYSE:MTGMGIC Investment Stock Price, Forecast & News

$8.98
+0.22 (+2.51 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$8.87
Now: $8.98
$9.15
50-Day Range
$5.54
MA: $7.05
$9.37
52-Week Range
$4.34
Now: $8.98
$15.24
Volume4.44 million shs
Average Volume5.74 million shs
Market Capitalization$3.04 billion
P/E Ratio4.83
Dividend Yield2.74%
Beta1.83
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.50 out of 5 stars


Industry, Sector and Symbol

Industry Surety insurance
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP55284810
Phone414-347-6480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.21 billion
Cash Flow$2.15 per share
Book Value$12.36 per share

Profitability

Net Income$673.76 million

Miscellaneous

Employees793
Market Cap$3.04 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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MGIC Investment (NYSE:MTG) Frequently Asked Questions

How has MGIC Investment's stock been impacted by COVID-19 (Coronavirus)?

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTG stock has decreased by 13.9% and is now trading at $8.98. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MGIC Investment?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MGIC Investment.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for MGIC Investment.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) announced its quarterly earnings data on Thursday, May, 7th. The insurance provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The insurance provider earned $306.90 million during the quarter, compared to analyst estimates of $304.61 million. MGIC Investment had a return on equity of 15.88% and a net margin of 54.64%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. View MGIC Investment's earnings history.

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

MGIC Investment announced a quarterly dividend on Friday, April 24th. Shareholders of record on Monday, May 11th will be given a dividend of $0.06 per share on Friday, May 29th. This represents a $0.24 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, May 8th. View MGIC Investment's dividend history.

How will MGIC Investment's stock buyback program work?

MGIC Investment announced that its Board of Directors has authorized a stock 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 repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its stock is undervalued.

What price target have analysts set for MTG?

7 brokerages have issued 12-month price targets for MGIC Investment's stock. Their forecasts range from $9.00 to $14.00. On average, they expect MGIC Investment's stock price to reach $11.96 in the next year. This suggests a possible upside of 33.2% from the stock's current price. View analysts' price targets for MGIC Investment.

Has MGIC Investment been receiving favorable news coverage?

News stories about MTG stock have trended very negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGIC Investment earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutMGIC Investment.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,490,000 shares, an increase of 26.4% from the April 30th total of 10,670,000 shares. Based on an average daily trading volume, of 6,560,000 shares, the short-interest ratio is currently 2.1 days. Currently, 4.1% of the company's stock are sold short. View MGIC Investment's Current Options Chain.

Who are some of MGIC Investment's key competitors?

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), Radian Group (RDN), Ford Motor (F), GWG (GWGH), AT&T (T), Bank of America (BAC), Energy Transfer LP Unit (ET), General Electric (GE) and Coty (COTY).

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the following people:
  • Mr. Patrick Sinks, Pres, CEO & Director (Age 62)
  • Mr. Timothy James Mattke, Exec. VP & CFO (Age 43)
  • Mr. Stephen Crail Mackey, Exec. VP & Chief Risk Officer (Age 58)
  • Mr. James J. Hughes, Exec. VP of Sales & Bus. Devel. - Mortgage Guaranty Insurance Corp. (Age 56)
  • Mr. Jeffrey Harold Lane, Consultant (Age 69)

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.16%), Wellington Management Group LLP (3.45%), APG Asset Management N.V. (2.72%), APG Asset Management N.V. (2.72%), AJO LP (2.22%) and State Street Corp (2.00%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, Jodee A Kozlak, Julie K Sperber, Michael E Lehman and Patrick Sinks. View institutional ownership trends for MGIC Investment.

Which major investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., AJO LP, APG Asset Management N.V., APG Asset Management N.V., AQR Capital Management LLC, Wells Fargo & Company MN, Russell Investments Group Ltd., and Waddell & Reed Financial Inc.. Company insiders that have sold MGIC Investment company stock in the last year include Julie K Sperber, and Patrick Sinks. View insider buying and selling activity for MGIC Investment.

Which major investors are buying MGIC Investment stock?

MTG stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Janus Henderson Group PLC, Bayview Asset Management LLC, Beach Point Capital Management LP, Investment Counselors of Maryland LLC, BI Asset Management Fondsmaeglerselskab A S, Schroder Investment Management Group, and Squarepoint Ops LLC. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni, Jodee A Kozlak, and Michael E Lehman. View insider buying and selling activity for MGIC Investment.

How do I buy shares of 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.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $8.98.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $3.04 billion and generates $1.21 billion in revenue each year. The insurance provider earns $673.76 million in net income (profit) each year or $1.84 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.

What is MGIC Investment's official website?

The official website for MGIC Investment is mtg.mgic.com.

How can I contact MGIC Investment?

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]

This page was last updated on 6/4/2020 by MarketBeat.com Staff

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