NYSE:MTG - MGIC Investment Stock Price, News & Analysis

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

MGIC Investment announced a quarterly dividend on Thursday, July 25th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.06 per share on Friday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, August 29th. View MGIC Investment's Dividend History.

MGIC Investment declared that its Board of Directors has approved a share buyback plan on Wednesday, March 20th 2019, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

MGIC Investment Corp. (NYSE:MTG) posted its earnings results on Tuesday, July, 23rd. The insurance provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The insurance provider earned $292.30 million during the quarter, compared to analyst estimates of $295.03 million. MGIC Investment had a net margin of 56.84% and a return on equity of 17.55%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. View MGIC Investment's Earnings History.

MGIC Investment is scheduled to release their next quarterly earnings announcement on Wednesday, October 16th 2019. View Earnings Estimates for MGIC Investment.

5 equities research analysts have issued 12-month price objectives for MGIC Investment's shares. Their predictions range from $14.00 to $18.00. On average, they expect MGIC Investment's stock price to reach $15.90 in the next year. This suggests a possible upside of 28.0% from the stock's current price. View Analyst Price Targets for MGIC Investment.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

Media stories about MTG stock have been trending negative on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGIC Investment earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for MGIC Investment.

MGIC Investment saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 6,357,900 shares, an increase of 20.9% from the June 30th total of 5,257,200 shares. Based on an average trading volume of 4,450,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.8% of the company's stock are sold short. View MGIC Investment's Current Options Chain.

Some companies that are related to MGIC Investment include Old Republic International (ORI), Essent Group (ESNT), Radian Group (RDN), Assured Guaranty (AGO), NMI (NMIH), Ambac Financial Group (AMBC), MBIA (MBI) and Syncora (SYCRF).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Radian Group (RDN), GWG (GWGH), General Electric (GE), Micron Technology (MU), Ford Motor (F), Advanced Micro Devices (AMD), Gilead Sciences (GILD) and Bank of America (BAC).

MGIC Investment's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.82%), BlackRock Inc. (4.51%), LSV Asset Management (3.64%), APG Asset Management N.V. (3.37%), Renaissance Technologies LLC (1.79%) and Point72 Asset Management L.P. (1.72%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni and Michael E Lehman. View Institutional Ownership Trends for MGIC Investment.

MTG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bayview Asset Management LLC, Northern Trust Corp, Wells Fargo & Company MN, LSV Asset Management, Vanguard Group Inc., Morgan Stanley and Bank of New York Mellon Corp. View Insider Buying and Selling for MGIC Investment.

MTG stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Point72 Asset Management L.P., Panagora Asset Management Inc., D. E. Shaw & Co. Inc., Grantham Mayo Van Otterloo & Co. LLC, Nuveen Asset Management LLC, Los Angeles Capital Management & Equity Research Inc. and Paloma Partners Management Co. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni and Michael E Lehman. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of MTG stock can currently be purchased for approximately $12.42.

MGIC Investment has a market capitalization of $4.40 billion and generates $1.12 billion in revenue each year. The insurance provider earns $670.10 million in net income (profit) each year or $1.78 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.View Additional Information About MGIC Investment.

The official website for MGIC Investment is http://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]