NYSE:MTGMGIC Investment Stock Price, Forecast & News

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MTG stock has decreased by 30.8% and is now trading at $7.22. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MGIC Investment.

MGIC Investment is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for MGIC Investment.

MGIC Investment will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

MGIC Investment Corp. (NYSE:MTG) posted its earnings results on Thursday, May, 7th. The insurance provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.42. The insurance provider had revenue of $306.90 million for the quarter, compared to the consensus estimate 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 for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. View MGIC Investment's earnings history.

MGIC Investment announced a quarterly dividend on Friday, April 24th. Investors 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 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, May 8th. View MGIC Investment's dividend history.

MGIC Investment declared that its Board of Directors has approved a share buyback program on Wednesday, March 20th 2019, which allows the company to buyback $200,000,000.00 in outstanding 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 generally an indication that the company's management believes its stock is undervalued.

8 Wall Street analysts have issued twelve-month price objectives for MGIC Investment's stock. Their forecasts range from $9.00 to $14.00. On average, they anticipate MGIC Investment's share price to reach $12.11 in the next twelve months. This suggests a possible upside of 67.7% from the stock's current price. View analysts' price targets for MGIC Investment.

News headlines about MTG stock have been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGIC Investment earned a news sentiment score of -2.4 on InfoTrie's scale. They also assigned news articles about the insurance provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news about MGIC Investment.

MGIC Investment saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 19,450,000 shares, a drop of 7.9% from the June 15th total of 21,110,000 shares. Based on an average daily volume of 7,450,000 shares, the short-interest ratio is presently 2.6 days. Approximately 5.9% of the company's shares are short sold. View MGIC Investment's Current Options Chain.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), New York Community Bancorp (NYCB), Lendingtree (TREE), TFS Financial (TFSL), Radian Group (RDN), Simply Good Foods (SMPL), Washington Federal (WAFD), EverBank Financial (EVER), Walker & Dunlop (WD), Capitol Federal Financial (CFFN), WSFS Financial (WSFS), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), Provident Financial Services (PFS) and Oritani Financial (ORIT). View all competitors.

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).

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

MGIC Investment's stock is owned by a number of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.01%). 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.

MTG stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management 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.

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.

One share of MTG stock can currently be purchased for approximately $7.22.

MGIC Investment has a market capitalization of $2.44 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.

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

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]