MGIC Investment Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGIC Investment stock.
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Wall Street analysts have given MGIC Investment a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGIC Investment wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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MGIC Investment saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 19,590,000 shares, an increase of 17.8% from the May 13th total of 16,630,000 shares. Based on an average daily trading volume, of 2,900,000 shares, the short-interest ratio is currently 6.8 days. Approximately 5.8% of the company's shares are short sold.
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MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for MGIC Investment.

MGIC Investment Co. (NYSE:MTG) posted its quarterly earnings data on Wednesday, May, 5th. The insurance provider reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. The insurance provider earned $295.74 million during the quarter. MGIC Investment had a trailing twelve-month return on equity of 9.98% and a net margin of 37.50%.
View MGIC Investment's earnings history.

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MTG stock has increased by 32.5% and is now trading at $13.82.
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MGIC Investment declared a quarterly dividend on Friday, April 30th. Investors of record on Thursday, May 13th will be paid a dividend of $0.06 per share on Thursday, May 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, May 12th.
View MGIC Investment's dividend history.

MGIC Investment pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.78%. MGIC Investment does not yet have a strong track record of dividend growth. The dividend payout ratio of MGIC Investment is 18.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 12.77% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.
View MGIC Investment's dividend history.

4 brokerages have issued twelve-month price targets for MGIC Investment's stock. Their forecasts range from $13.00 to $17.00. On average, they expect MGIC Investment's share price to reach $14.80 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
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1 employees have rated MGIC Investment CEO Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among MGIC Investment's employees. This puts Tim Mattke in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), Radian Group (RDN), The Simply Good Foods (SMPL), Walker & Dunlop (WD), LendingTree (TREE), WSFS Financial (WSFS), Washington Federal (WAFD), Provident Financial Services (PFS), Northwest Bancshares (NWBI), Capitol Federal Financial (CFFN), Berkshire Hills Bancorp (BHLB), OceanFirst Financial (OCFC) and Brookline Bancorp (BRKL).
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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).

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

MGIC Investment's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.25%), Goldman Sachs Group Inc. (4.35%), LSV Asset Management (2.84%), Bank of Nova Scotia (1.78%), Geode Capital Management LLC (1.58%) and Dimensional Fund Advisors LP (1.41%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, James J Hughes, 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 Goldman Sachs Group Inc., Senator Investment Group LP, Millennium Management LLC, Clearbridge Investments LLC, Bank of New York Mellon Corp, Russell Investments Group Ltd., Panagora Asset Management Inc., and LSV Asset Management.
View insider buying and selling activity for MGIC Investment or view top insider-selling stocks.

MTG stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Bank of Nova Scotia, Rubric Capital Management LP, Dimensional Fund Advisors LP, Royce & Associates LP, BlackRock Inc., Voloridge Investment Management LLC, and Allianz Asset Management GmbH. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni, Jodee A Kozlak, and Michael E Lehman.
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Shares of MTG 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.
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One share of MTG stock can currently be purchased for approximately $13.82.

MGIC Investment has a market capitalization of $4.69 billion and generates $1.20 billion in revenue each year. The insurance provider earns $446.09 million in net income (profit) each year or $1.32 on an earnings per share basis.

MGIC Investment employs 739 workers across the globe.

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

MGIC Investment is headquartered at 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202.

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]