NYSE:MTGMGIC Investment Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MGIC Investment Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $8.69 +0.10 (+1.16 %) (As of 08/14/2020 04:00 PM ET) Add Compare Share Today's Range$8.45Now: $8.69▼$8.7450-Day Range$7.22MA: $7.97▼$9.0252-Week Range$4.34Now: $8.69▼$15.24Volume3.67 million shsAverage Volume5.67 million shsMarket Capitalization$2.94 billionP/E Ratio6.03Dividend Yield2.79%Beta1.83 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.11, MGIC Investment has a potential upside of 39.3% from its current price of $8.69.Amount of Analyst CoverageMGIC Investment has only been the subject of 4 research reports in the past 90 days. Previous Next 2.6 Community Rank Outperform VotesMGIC Investment has received 456 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMGIC Investment has received 412 “underperform” votes. (Add your “underperform” vote.)Community SentimentMGIC Investment has received 52.53% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about MGIC Investment and other stocks. Vote “Outperform” if you believe MTG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MTG will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.79%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 13.04%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGIC Investment will have a dividend payout ratio of 15.38% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $107,020.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.62% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions92.08% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 26.83% in the coming year, from $1.23 to $1.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 6.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.39.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 6.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.60.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.40. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGIC Investment has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NYSE Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:MTG Previous Symbol CUSIP55284810 CIK876437 Webmtg.mgic.com Phone414-347-6480Debt Debt-to-Equity Ratio0.19 Current Ratio0.47 Quick Ratio0.47Price-To-Earnings Trailing P/E Ratio6.03 Forward P/E Ratio7.07 P/E Growth1.4 Sales & Book Value Annual Sales$1.21 billion Price / Sales2.42 Cash Flow$2.08 per share Price / Cash Flow4.17 Book Value$12.36 per share Price / Book0.70Profitability EPS (Most Recent Fiscal Year)$1.84 Net Income$673.76 million Net Margins42.08% Return on Equity11.87% Return on Assets8.08%Miscellaneous Employees793 Outstanding Shares338,574,000Market 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 Receive MTG News and Ratings via Email Sign-up to receive the latest news and ratings for MTG and its competitors with MarketBeat's FREE daily newsletter. MGIC Investment (NYSE:MTG) Frequently Asked Questions How has MGIC Investment's stock been impacted by COVID-19? 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 (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) announced its earnings results 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%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 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 declared a quarterly dividend on Friday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date 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 has authorized a share repurchase plan 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 reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued. What price target have analysts set for MTG? 8 Wall Street analysts have issued 12-month price objectives for MGIC Investment's shares. Their forecasts range from $9.00 to $14.00. On average, they expect MGIC Investment's share price to reach $12.11 in the next twelve months. 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 been trending neutral recently, according to InfoTrie. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGIC Investment earned a media sentiment score of 0.0 on InfoTrie's scale. They also assigned news coverage about the insurance provider a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about MGIC Investment. Are investors shorting MGIC Investment? MGIC Investment saw a decline in short interest in 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 daily volume of 2,460,000 shares, the short-interest ratio is presently 1.0 days. Currently, 0.8% of the company's shares are sold short. View MGIC Investment's Short Interest. Who are some of MGIC Investment's key competitors? Some companies that are related to MGIC Investment include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), Ocwen Financial (OCN), Simply Good Foods (SMPL), Washington Federal (WAFD), Walker & Dunlop (WD), WSFS Financial (WSFS), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), At Home Group (HOME) and EverBank Financial (EVER). View all 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 many different retail and institutional 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 major 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 major 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 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
