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NYSE:MTGMGIC Investment Stock Price, Forecast & News

$8.69
+0.10 (+1.16 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$8.45
Now: $8.69
$8.74
50-Day Range
$7.22
MA: $7.97
$9.02
52-Week Range
$4.34
Now: $8.69
$15.24
Volume3.67 million shs
Average Volume5.67 million shs
Market Capitalization$2.94 billion
P/E Ratio6.03
Dividend Yield2.79%
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: 3.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.12 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$2.08 per share
Book Value$12.36 per share

Profitability

Net Income$673.76 million

Miscellaneous

Employees793
Market Cap$2.94 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$8.69
+0.10 (+1.16 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGIC Investment (NYSE:MTG) Frequently Asked Questions

How has MGIC Investment's stock price been impacted by Coronavirus?

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 shares have decreased by 16.7% and is now trading at $8.69.
View which stocks have been most impacted by COVID-19
.

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

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
.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for MGIC Investment
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) released its quarterly earnings data on Tuesday, August, 4th. The insurance provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.12. The insurance provider earned $293.70 million during the quarter, compared to analysts' expectations of $293.92 million. MGIC Investment had a return on equity of 11.87% and a net margin of 42.08%. MGIC Investment's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS.
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, July 31st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.06 per share on Friday, August 28th. This represents a $0.24 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, August 10th.
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 permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

What price target have analysts set for MTG?

8 equities research analysts have issued twelve-month price targets for MGIC Investment's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate MGIC Investment's stock price to reach $12.11 in the next year. This suggests a possible upside of 39.3% from the stock's current price.
View analysts' price targets for MGIC Investment
.

Has MGIC Investment been receiving favorable news coverage?

Headlines about MTG stock have trended somewhat negative on Saturday, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGIC Investment earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the insurance provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
View the latest news about MGIC Investment
.

Are investors shorting MGIC Investment?

MGIC Investment saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 2,550,000 shares, a decline of 13.6% from the January 31st total of 2,950,000 shares. Based on an average trading volume of 2,460,000 shares, the short-interest ratio is presently 1.0 days. Approximately 0.8% of the company's stock are short sold.
View MGIC Investment's Short Interest
.

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

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.71%), FMR LLC (8.48%), Goldman Sachs Group Inc. (6.40%), LSV Asset Management (3.23%), Bank of Nova Scotia (1.49%) and Man Group plc (1.24%). 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 institutional investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., AJO LP, Skandinaviska Enskilda Banken AB publ , APG Asset Management N.V., Russell Investments Group Ltd., Assenagon Asset Management S.A., Macquarie Group Ltd., and Principal Financial Group 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 institutional investors are buying MGIC Investment stock?

MTG stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., FMR LLC, Bank of Nova Scotia, EJF Capital LLC, Prudential Financial Inc., Foundry Partners LLC, Healthcare of Ontario Pension Plan Trust Fund, and First Trust Advisors LP. 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 $8.69.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $2.94 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 8/15/2020 by MarketBeat.com Staff

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