MGIC Investment Stock Forecast, Price & News

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MTG stock has decreased by 8.0% and is now trading at $9.60.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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MGIC Investment is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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MGIC Investment will be holding an earnings conference call on Wednesday, November 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

MGIC Investment Corp. (NYSE:MTG) announced its quarterly earnings results on Tuesday, August, 4th. The insurance provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.12. The insurance provider had revenue of $293.70 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $0.46 EPS.
View MGIC Investment's earnings history.

MGIC Investment declared a quarterly dividend on Friday, July 31st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.06 per share on Friday, August 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, August 10th.
View MGIC Investment's dividend history.

MGIC Investment declared that its Board of Directors has approved a share repurchase program on Wednesday, March 20th 2019, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

8 brokers have issued 1 year price targets for MGIC Investment's stock. Their forecasts range from $9.00 to $14.00. On average, they anticipate MGIC Investment's stock price to reach $12.47 in the next year. This suggests a possible upside of 29.9% from the stock's current price.
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MGIC Investment saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 20,800,000 shares, an increase of 14.7% from the September 30th total of 18,130,000 shares. Based on an average daily volume of 3,990,000 shares, the days-to-cover ratio is currently 5.2 days. Approximately 6.2% of the shares of the stock are short sold.
View MGIC Investment's Short Interest.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), LendingTree (TREE), TFS Financial (TFSL), New York Community Bancorp (NYCB), Radian Group (RDN), Walker & Dunlop (WD), The Simply Good Foods (SMPL), Washington Federal (WAFD), Capitol Federal Financial (CFFN), WSFS Financial (WSFS), Northwest Bancshares (NWBI), At Home Group (HOME), EverQuote (EVER), OceanFirst Financial (OCFC) and Provident Financial Services (PFS).
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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 many different institutional and retail investors. Top institutional investors include LSV Asset Management (3.24%), Foundry Partners LLC (0.45%), WINTON GROUP Ltd (0.14%), State of New Jersey Common Pension Fund D (0.07%), Alaska Permanent Fund Corp (0.07%) and Alberta Investment Management Corp (0.05%). 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.

MTG stock was sold by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, State of New Jersey Common Pension Fund D, First Quadrant L P CA, Paragon Capital Management Ltd, Envestnet Asset Management Inc., KBC Group NV, and Fortem Financial Group LLC. 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.

MTG stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, WINTON GROUP Ltd, Alaska Permanent Fund Corp, DekaBank Deutsche Girozentrale, Denali Advisors LLC, Convergence Investment Partners LLC, LSV Asset Management, and Robeco Institutional Asset Management B.V.. 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.

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.

One share of MTG stock can currently be purchased for approximately $9.60.

MGIC Investment has a market capitalization of $3.25 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.

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

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]