MGIC Investment Corporation Company Profile (NYSE:MTG)

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

MGIC Investment Corporation (NYSE:MTG) issued its quarterly earnings data on Thursday, July, 20th. The company reported $0.31 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.06. The firm had revenue of $263.31 million for the quarter, compared to analysts' expectations of $263.43 million. MGIC Investment Corporation had a net margin of 34.99% and a return on equity of 16.56%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. View MGIC Investment Corporation's Earnings History.

MGIC Investment Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for MGIC Investment Corporation.

9 brokers have issued 12-month price objectives for MGIC Investment Corporation's stock. Their predictions range from $10.00 to $14.00. On average, they expect MGIC Investment Corporation's stock price to reach $12.17 in the next year. View Analyst Ratings for MGIC Investment Corporation.

Here are some recent quotes from research analysts about MGIC Investment Corporation stock:

• 1. According to Zacks Investment Research, "Shares of MGIC Investment have outperformed the industry, year to date. The company expects to write about the same amount of new business as 2016, and also estimates insurance in force to improve in 2017. This apart, the company remains focused in enhancing shareholders’ value and be a major contributor to housing finance policy. Also, positive credit trends, low expense ratio are tailwinds. Moreover, an improving housing market and declining delinquency will boost the company’s earnings in the coming quarters. However, a competitive environment and pressure to maintain capital at required level will reduce the company’s capital flexibility. With respect to quarterly results, MGIC Investment’s second-quarter 2017 earnings beat our expectations and also improved year over year, driven by higher insurance written." (8/22/2017)
• 2. Credit Suisse Group analysts commented, "We are increasing our 2017-18 EPS estimates to reflect our updated share repurchase outlook, and are raising our target price to $10 (from $8). We see three paths to be able to fund the buyback: 1. Cash on hand: As of 9/30, MTG had $330 million of hold co cash, of which $145 million is being held for the 2017 debt maturity and $40 million for completing the buyback as part of the 3Q debt issuance/convert repurchase. This leaves MTG with about $145 million of available cash. With no near-term debt maturities (2023 is next), and the dividend from the MI subsidiary covering interest, MTG has limited needs to hold substantial hold co cash." (11/28/2016)

Some companies that are related to MGIC Investment Corporation include Reinsurance Group of America, Incorporated (RGA), Alleghany Corporation (Y), Camden Property Trust (CPT), Kimco Realty Corporation (KIM), VEREIT (VER), American Capital Agency Corp. (AGNC), Bankinter SA (BKNIY), East West Bancorp (EWBC), British Land Company PLC Sponsored ADR (BTLCY), Aercap Holdings N.V. (AER), W.R. Berkley Corporation (WRB), Scor SE (SCRYY), Equity Lifestyle Properties (ELS), Macerich Company (The) (MAC), W.P. Carey (WPC), Zillow Group (Z), Oaktree Capital Group, LLC (OAK) and NorthStar Asset Management Group (CLNS).

MGIC Investment Corporation's management team includes the folowing people:

• Patrick Sinks, President, Chief Executive Officer, Chief Operating Officer, Director
• Timothy J. Mattke, Chief Financial Officer, Executive Vice President
• Stephen C. Mackey, Executive Vice President, Chief Risk Officer
• Jeffrey H. Lane, Executive Vice President, General Counsel, Secretary
• Gregory A. Chi, Senior Vice President – Information Services and Chief Information Officer of MGIC
• James J. Hughes, Executive Vice President – Sales and Business Development of MGIC
• Curt S. Culver, Non-Executive Chairman of the Board
• Kenneth M. Jastrow II, Lead Independent Director
• Daniel A. Arrigoni, Independent Director
• Cassandra C. Carr, Independent Director

MGIC Investment Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.38%), BlackRock Inc. (6.83%), FMR LLC (4.02%), Bank of New York Mellon Corp (3.56%), State Street Corp (3.48%) and LSV Asset Management (3.39%). Company insiders that own MGIC Investment Corporation stock include C Edward Chaplin, Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Stephen C Mackey and Timothy A Holt. View Institutional Ownership Trends for MGIC Investment Corporation.

MGIC Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., The Manufacturers Life Insurance Company , Balyasny Asset Management LLC, Nicholas Investment Partners LP, Columbus Circle Investors, Renaissance Technologies LLC, Schroder Investment Management Group and FMR LLC. View Insider Buying and Selling for MGIC Investment Corporation.

MGIC Investment Corporation's stock was purchased by a variety of institutional investors in the last quarter, including AJO LP, Janus Henderson Group PLC, Vanguard Group Inc., Bank of New York Mellon Corp, Westfield Capital Management Co. LP, Vaughan Nelson Investment Management L.P., Macquarie Group Ltd. and Ameriprise Financial Inc.. Company insiders that have bought MGIC Investment Corporation stock in the last two years include C Edward Chaplin, Cassandra C Carr, Daniel A Arrigoni, Gregory A Chi, Jeffrey H Lane, Stephen C Mackey and Timothy A Holt. View Insider Buying and Selling for MGIC Investment Corporation.

Shares of MGIC Investment Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MGIC Investment Corporation stock can currently be purchased for approximately $11.92.