NYSE:MTG - MGIC Investment Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $12.48 -0.08 (-0.64 %) (As of 08/19/2018 03:15 PM ET)Previous Close$12.48Today's Range$12.46 - $12.5452-Week Range$9.97 - $16.21Volume1.46 million shsAverage Volume3.76 million shsMarket Capitalization$4.56 billionP/E Ratio9.18Dividend YieldN/ABeta1.87 Company ProfileAnalyst RatingsChartEarnings HistoryFinancialsInsider TradesHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance 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 arrangements. 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. 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. Industry, Sector and Symbol Stock Exchange NYSE Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance SectorFinance SymbolNYSE:MTG CUSIP55284810 Webmtg.mgic.com Phone414-347-6480 Debt Debt-to-Equity Ratio0.25 Current Ratio0.28 Quick Ratio0.28 Price-To-Earnings Trailing P/E Ratio9.18 Forward P/E Ratio7.90 P/E Growth1.59 Sales & Book Value Annual Sales$1.07 billion Price / Sales4.24 Cash Flow$1.5581 per share Price / Cash8.01 Book Value$8.51 per share Price / Book1.47 Profitability EPS (Most Recent Fiscal Year)$1.36 Net Income$355.76 million Net Margins43.85% Return on Equity19.18% Return on Assets10.93% Miscellaneous Employees819 Outstanding Shares362,150,000Market Cap$4.56 billion MGIC Investment (NYSE:MTG) Frequently Asked Questions What is MGIC Investment's stock symbol? MGIC Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTG." How will MGIC Investment's stock buyback program work? MGIC Investment declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 26th 2018, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued. How were MGIC Investment's earnings last quarter? MGIC Investment Corp. (NYSE:MTG) issued its quarterly earnings data on Wednesday, July, 18th. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.13. The insurance provider earned $282 million during the quarter, compared to analyst estimates of $269.97 million. MGIC Investment had a return on equity of 19.18% and a net margin of 43.85%. MGIC Investment's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. View MGIC Investment's Earnings History. When is MGIC Investment's next earnings date? MGIC Investment is scheduled to release their next quarterly earnings announcement on Wednesday, October, 17th 2018. View Earnings Estimates for MGIC Investment. What price target have analysts set for MTG? 13 equities research analysts have issued twelve-month price objectives for MGIC Investment's stock. Their forecasts range from $12.00 to $23.00. On average, they expect MGIC Investment's stock price to reach $16.6875 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price. View Analyst Price Targets for MGIC Investment. What is the consensus analysts' recommendation for MGIC Investment? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment. What are Wall Street analysts saying about MGIC Investment stock? Here are some recent quotes from research analysts about MGIC Investment stock: 1. According to Zacks Investment Research, "MGIC Investment remains well-poised to deliver improved earnings, banking on declining delinquency, lower claims payments and an improving housing market. MGIC Investment expects to write about $50 billion new business in 2018 and also estimates insurance in force to improve. This apart, the company remains focused on enhancing its shareholders’ value. Also, positive credit trends, increasing persistency as well as low expense ratio are tailwinds. The company saw its 2018 and 2019 estimates move north over the last 60 days. However, a competitive environment and pressure to maintain capital at the required level will reduce the MGIC Investment’s capital flexibility. Shares of MGIC Investment have underperformed the industry year to date." (6/19/2018) 2. Wells Fargo & Co analysts commented, "We were modeling an April cure ratio of 112.4%. The favorable cure ratio probably reflects delinquent loans curing in the geographical areas that the Agency declared Areas as a result of hurricanes Maria, which occurred in August September 2017. The cure ratio should be a precursor to favorable priorperiod development, although the initial reserve per delinquency in the hurricaneimpacted areas was probably lower than would otherwise be the case." (5/8/2018) Who are some of MGIC Investment's key competitors? Some companies that are related to MGIC Investment include Old Republic International (ORI), Assured Guaranty (AGO), Radian Group (RDN), Essent Group (ESNT), NMI (NMIH), Ambac Financial Group (AMBC), MBIA (MBI) and Syncora (SYCRF). Who are MGIC Investment's key executives? MGIC Investment's management team includes the folowing people: Mr. Patrick Sinks, Pres, CEO & Director (Age 61)Mr. Timothy James Mattke, Exec. VP & CFO (Age 42)Mr. Jeffrey Harold Lane, Exec. VP, Gen. Counsel & Sec. (Age 68)Mr. Stephen Crail Mackey, Exec. VP & Chief Risk Officer (Age 57)Mr. James J. Hughes, Exec. VP of Sales & Bus. Devel. - Mortgage Guaranty Insurance Corp. (Age 55) Has MGIC Investment been receiving favorable news coverage? Media coverage about MTG stock has trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MGIC Investment earned a coverage optimism score of 0.11 on Accern's scale. They also gave news articles about the insurance provider an impact score of 46.87 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for MGIC Investment. Who are MGIC Investment's major shareholders? MGIC Investment's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.31%), FMR LLC (4.59%), LSV Asset Management (3.71%), Bank of New York Mellon Corp (3.31%), Vaughan Nelson Investment Management L.P. (1.58%) and Renaissance Technologies LLC (1.61%). View Institutional Ownership Trends for MGIC Investment. Which institutional investors are selling MGIC Investment stock? MTG stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Bank of New York Mellon Corp, Point72 Asset Management L.P., Miller Value Partners LLC, Bank of America Corp DE, Russell Investments Group Ltd., Chicago Equity Partners LLC and SG Americas Securities LLC. View Insider Buying and Selling for MGIC Investment. Which institutional investors are buying MGIC Investment stock? MTG stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Renaissance Technologies LLC, BlackRock Inc., Algebris UK Ltd, Investment Counselors of Maryland LLC, Canada Pension Plan Investment Board, MUFG Securities EMEA plc and Schwab Charles Investment Management Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab. What is MGIC Investment's stock price today? One share of MTG stock can currently be purchased for approximately $12.48. How big of a company is MGIC Investment? MGIC Investment has a market capitalization of $4.56 billion and generates $1.07 billion in revenue each year. The insurance provider earns $355.76 million in net income (profit) each year or $1.36 on an earnings per share basis. MGIC Investment employs 819 workers across the globe. 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] MarketBeat Community Rating for MGIC Investment (NYSE MTG)Community Ranking: 2.7 out of 5 ( )Outperform Votes: 354 (Vote Outperform)Underperform Votes: 300 (Vote Underperform)Total Votes: 654MarketBeat'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. This page was last updated on 8/19/2018 by MarketBeat.com StaffFeatured Article: How Do You Make Money With Penny Stocks?