Top-Rated Dividend StocksTop-Rated DividendNYSE:MTG MGIC Investment (MTG) Stock Forecast, Price & News $15.37 +0.24 (+1.59%) (As of 02:03 PM ET) Add Compare Share Share Today's Range$15.23▼$15.5350-Day Range$12.38▼$15.4352-Week Range$11.38▼$15.76Volume1.08 million shsAverage Volume2.80 million shsMarket Capitalization$4.41 billionP/E Ratio5.53Dividend Yield2.60%Price Target$16.20 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MGIC Investment MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside5.1% Upside$16.20 Price TargetShort InterestHealthy3.66% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment1.48Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth6.85%From $2.19 to $2.34 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.20 out of 5 starsFinance Sector667th out of 905 stocksSurety Insurance Industry5th out of 8 stocks 1.4 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.20, MGIC Investment has a forecasted upside of 5.1% from its current price of $15.41.Amount of Analyst CoverageMGIC Investment has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.66% of the float of MGIC Investment has been sold short.Short Interest Ratio / Days to CoverMGIC Investment has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MGIC Investment has recently decreased by 11.22%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.64%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 14.39%. 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 17.09% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGIC Investment has received a -130.12% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Private mortgage insurances" product. See details.Environmental SustainabilityThe Environmental Impact score for MGIC Investment is -0.07. Previous Next 3.6 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 1.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for MGIC Investment this week, compared to 3 articles on an average week.Search Interest4 people have searched for MTG on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows3 people have added MGIC Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.79% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions96.95% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 6.85% in the coming year, from $2.19 to $2.34 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 5.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.48.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 5.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.56.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.38. 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 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MGIC Investment (NYSE:MTG) StockMGIC Investment Corp. is a holding company, which engages in the provision of mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.Read More Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address MTG Stock News HeadlinesMay 18, 2023 | americanbankingnews.comStockNews.com Begins Coverage on MGIC Investment (NYSE:MTG)May 18, 2023 | americanbankingnews.comBrokerages Set MGIC Investment Co. (NYSE:MTG) PT at $16.20May 30, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.May 8, 2023 | americanbankingnews.comMGIC Investment Co. (MTG) to Issue Quarterly Dividend of $0.10 on May 25thMay 6, 2023 | americanbankingnews.comMGIC Investment (NYSE:MTG) Posts Earnings Results, Beats Estimates By $0.03 EPSMay 6, 2023 | msn.comKeefe, Bruyette & Woods Maintains MGIC Investment (MTG) Outperform RecommendationMay 6, 2023 | markets.businessinsider.comRBC Capital Remains a Buy on MGIC Investment (MTG)May 5, 2023 | fool.comMGIC Investment (NYSE: MTG)May 30, 2023 | Edge On The Street (Ad)The Graphite Shortage Story You're Not Being ToldGraphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security. May 5, 2023 | finance.yahoo.comQ1 2023 MGIC Investment Corp Earnings CallMay 4, 2023 | finance.yahoo.comMGIC Investment (MTG) Q1 Earnings Top on Higher PersistencyMay 3, 2023 | finance.yahoo.comMGIC Investment (MTG) Q1 Earnings Beat EstimatesMay 3, 2023 | finance.yahoo.comMGIC Investment Corporation Reports First Quarter 2023 ResultsMay 2, 2023 | markets.businessinsider.comWhat Wall Street expects from MGIC Investment's earningsMay 1, 2023 | americanbankingnews.comMGIC Investment (MTG) to Release Quarterly Earnings on WednesdayMay 1, 2023 | americanbankingnews.comMGIC Investment (MTG) Scheduled to Post Quarterly Earnings on WednesdayApril 29, 2023 | marketwatch.com8-K: MGIC INVESTMENT CORPApril 28, 2023 | msn.comMGIC Investment (MTG) Declares $0.10 DividendApril 27, 2023 | finance.yahoo.comMGIC Investment Announces Additional $500 Million Share Repurchase Program and Quarterly Dividend of $0.10 Per ShareApril 23, 2023 | americanbankingnews.comFY2023 Earnings Estimate for MGIC Investment Co. (NYSE:MTG) Issued By Zacks ResearchApril 23, 2023 | americanbankingnews.comMGIC Investment Co. (NYSE:MTG) Receives $16.20 Consensus Target Price from AnalystsApril 19, 2023 | msn.comUnusual Put Option Trade in MGIC Investment (MTG) Worth $46.00KApril 19, 2023 | americanbankingnews.comMGIC Investment Co. (NYSE:MTG) Short Interest Up 44.9% in MarchApril 13, 2023 | americanbankingnews.comMGIC Investment (NYSE:MTG) Stock Rating Upgraded by Compass PointApril 11, 2023 | msn.comCompass Point Upgrades MGIC Investment (MTG)April 11, 2023 | 247wallst.comFirst Look Analysts Research Calls for Tuesday, April 11April 5, 2023 | finance.yahoo.comMGIC ANNOUNCES NEW BUSINESS DEVELOPMENT LEADERSHIPSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address MTG Company Calendar Ex-Dividend for 3/2 Dividend2/16/2023Dividend Payable3/02/2023Last Earnings5/03/2023Ex-Dividend for 5/25 Dividend5/10/2023Dividend Payable5/25/2023Today5/30/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:MTG CUSIP55284810 CIK876437 Webmtg.mgic.com Phone(414) 347-6480Fax414-347-6696Employees711Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.20 High Stock Price Forecast$18.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+7.1%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.78 Trailing P/E Ratio5.44 Forward P/E Ratio6.91 P/E Growth1.38Net Income$865.35 million Net Margins72.70% Pretax Margin91.75% Return on Equity18.77% Return on Assets13.74% Debt Debt-to-Equity Ratio0.14 Current Ratio0.69 Quick Ratio0.69 Sales & Book Value Annual Sales$1.17 billion Price / Sales3.70 Cash Flow$3.23 per share Price / Cash Flow4.69 Book Value$15.63 per share Price / Book0.97Miscellaneous Outstanding Shares286,620,000Free Float284,354,000Market Cap$4.34 billion OptionableOptionable Beta1.34 Key ExecutivesTimothy J. MattkeChief Executive Officer & DirectorSalvatore A. MiosiPresident & Chief Operating OfficerNathaniel H. ColsonChief Financial Officer & Executive Vice PresidentRobert J. CandelmoChief Information Officer & Senior Vice PresidentSteven M. ThompsonChief Risk Officer & Executive Vice PresidentKey CompetitorsRadian GroupNYSE:RDNEssent GroupNYSE:ESNTAssured GuarantyNYSE:AGONMINASDAQ:NMIHOld Republic InternationalNYSE:ORIView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 23,534 shares on 5/26/2023Ownership: 0.006%Brandywine Global Investment Management LLCBought 35,426 shares on 5/25/2023Ownership: 0.270%Legato Capital Management LLCBought 29,508 shares on 5/25/2023Ownership: 0.010%Toroso Investments LLCBought 27,336 shares on 5/23/2023Ownership: 0.016%Royce & Associates LPSold 948 shares on 5/23/2023Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions MTG Stock - Frequently Asked Questions Should I buy or sell MGIC Investment stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTG shares. View MTG analyst ratings or view top-rated stocks. What is MGIC Investment's stock price forecast for 2023? 5 brokerages have issued twelve-month price targets for MGIC Investment's shares. Their MTG share price forecasts range from $14.00 to $18.00. On average, they predict the company's share price to reach $16.20 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price. View analysts price targets for MTG or view top-rated stocks among Wall Street analysts. How have MTG shares performed in 2023? MGIC Investment's stock was trading at $13.00 at the beginning of 2023. Since then, MTG stock has increased by 16.4% and is now trading at $15.13. View the best growth stocks for 2023 here. Are investors shorting MGIC Investment? MGIC Investment saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 12,230,000 shares, a decrease of 6.1% from the March 31st total of 13,030,000 shares. Based on an average trading volume of 2,970,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 4.3% of the shares of the company are short sold. View MGIC Investment's Short Interest. When is MGIC Investment's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our MTG earnings forecast. How were MGIC Investment's earnings last quarter? MGIC Investment Co. (NYSE:MTG) announced its earnings results on Wednesday, May, 3rd. The insurance provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The insurance provider had revenue of $284 million for the quarter, compared to analysts' expectations of $291.89 million. MGIC Investment had a net margin of 72.70% and a trailing twelve-month return on equity of 18.77%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment? MGIC Investment announced a quarterly dividend on Thursday, April 27th. Investors of record on Thursday, May 11th will be given a dividend of $0.10 per share on Thursday, May 25th. This represents a $0.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, May 10th. Read our dividend analysis for MTG. What ETFs hold MGIC Investment's stock? ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), iShares Focused Value Factor ETF (FOVL), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Rising Dividend Achievers ETF (RDVY), Ballast Small/Mid Cap ETF (MGMT), First Trust Financial AlphaDEX Fund (FXO) and SPDR S&P Bank ETF (KBE). Is MGIC Investment a good dividend stock? MGIC Investment (NYSE:MTG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.64%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 17.09% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MTG. What is Tim Mattke's approval rating as MGIC Investment's CEO? 1 employees have rated MGIC Investment Chief Executive Officer Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among the company's employees. This puts Tim Mattke in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 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), Radian Group (RDN), AT&T (T), Bank of America (BAC), Energy Transfer (ET), General Electric (GE), Coty (COTY) and Freeport-McMoRan (FCX). 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 BlackRock Inc. (9.62%), First Trust Advisors LP (5.21%), JPMorgan Chase & Co. (5.01%), Wellington Management Group LLP (4.85%), Dimensional Fund Advisors LP (4.21%) and FMR LLC (4.20%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner, James J Hughes and Michael E Lehman. View institutional ownership trends. How do I buy shares of MGIC Investment? Shares of MTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is MGIC Investment's stock price today? One share of MTG stock can currently be purchased for approximately $15.13. How much money does MGIC Investment make? MGIC Investment (NYSE:MTG) has a market capitalization of $4.34 billion and generates $1.17 billion in revenue each year. The insurance provider earns $865.35 million in net income (profit) each year or $2.78 on an earnings per share basis. How many employees does MGIC Investment have? The company employs 711 workers across the globe. How can I contact MGIC Investment? MGIC Investment's mailing address is 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202. The official website for the company is mtg.mgic.com. The insurance provider can be reached via phone at (414) 347-6480, via email at mike_zimmerman@mgic.com, or via fax at 414-347-6696. This page (NYSE:MTG) was last updated on 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MGIC Investment Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free 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 from 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 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.