MGIC Investment - MTG Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTG shares.
View MTG analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 1-year price objectives for MGIC Investment's stock. Their MTG share price forecasts range from $14.50 to $18.00. On average, they expect the company's share price to reach $16.08 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for MTG or view top-rated stocks among Wall Street analysts.

MGIC Investment's stock was trading at $14.42 at the beginning of the year. Since then, MTG shares have decreased by 7.7% and is now trading at $13.31.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our MTG earnings forecast.

MGIC Investment Co. (NYSE:MTG) announced its earnings results on Wednesday, November, 3rd. The insurance provider reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The insurance provider earned $294.74 million during the quarter. MGIC Investment had a net margin of 72.18% and a trailing twelve-month return on equity of 19.66%. During the same period in the prior year, the company posted $0.43 earnings per share.

MGIC Investment announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.10 per share on Wednesday, November 23rd. This represents a $0.40 annualized dividend and a yield of 3.01%. The ex-dividend date is Wednesday, November 9th.
Read our dividend analysis for MTG.

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.01%. 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 14.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 17.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTG.

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.

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 shareholders include Vanguard Group Inc. (12.79%), BlackRock Inc. (8.99%), Dimensional Fund Advisors LP (3.59%), State Street Corp (3.54%), LSV Asset Management (2.95%) and National Bank of Canada FI (2.10%). Insiders that own company stock include Daniel A Arrigoni, James J Hughes, Jodee A Kozlak, Julie K Sperber and Michael E Lehman.
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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.
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One share of MTG stock can currently be purchased for approximately $13.31.

MGIC Investment (NYSE:MTG) has a market capitalization of $3.95 billion and generates $1.19 billion in revenue each year. The insurance provider earns $634.98 million in net income (profit) each year or $2.67 on an earnings per share basis.

The company employs 711 workers across the globe.

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.