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MGIC Investment - MTG Stock Forecast, Price & News

$13.67
+0.14 (+1.03%)
(As of 11/30/2022 03:22 PM ET)
Add
Compare
Today's Range
$13.27
$13.69
50-Day Range
$12.40
$14.05
52-Week Range
$11.38
$16.84
Volume
78,876 shs
Average Volume
2.94 million shs
Market Capitalization
$4.06 billion
P/E Ratio
5.12
Dividend Yield
2.99%
Price Target
$16.08

MGIC Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
20.6% Upside
$16.08 Price Target
Short Interest
Healthy
8.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-20.28%
From $2.86 to $2.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Finance Sector

634th out of 907 stocks

Surety Insurance Industry

6th out of 8 stocks

MTG stock logo

About MGIC Investment (NYSE:MTG) Stock

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. 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, as well as reinsurance. 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.

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MTG Stock News Headlines

MGIC Investment (MTG) Q3 Earnings Top Estimates
Best Value Stocks to Buy for October 17th
Best Income Stocks to Buy for October 17th
MTG Breaks Above 3% Yield Territory
Here's What Makes MGIC Investment (MTG) an Attractive Pick
Are Investors Undervaluing Axa (AXAHY) Right Now?
See More Headlines
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MTG Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 11/23 Dividend
11/09/2022
Dividend Payable
11/23/2022
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023

Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
55284810
Employees
711
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.08
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.50
Forecasted Upside/Downside
+17.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$634.98 million
Pretax Margin
90.93%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$2.27 per share
Book Value
$15.28 per share

Miscellaneous

Free Float
294,679,000
Market Cap
$4.06 billion
Optionable
Optionable
Beta
1.38

Key Executives

  • Mr. Timothy James Mattke (Age 46)
    CEO & Director
    Comp: $2.79M
  • Mr. Salvatore Antonino Miosi (Age 54)
    Pres & COO
    Comp: $2.03M
  • Mr. Nathaniel Howe Colson (Age 38)
    Exec. VP & CFO
    Comp: $1.11M
  • Ms. Paula Christine Maggio (Age 53)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.35M
  • Mr. James Jeffrey Hughes (Age 59)
    Exec. VP of Sales & Bus. Devel. of MGIC
    Comp: $1.39M
  • Ms. Julie Kay Sperber (Age 48)
    VP, Controller & Chief Accounting Officer
  • Ms. Dianna L. Higgins
    Sr. VP of Investor Relations
  • Ms. Annette M. Adams
    Sr. VP & Chief HR Officer of MGIC
  • Mr. Steven Mark Thompson (Age 59)
    Exec. VP & Chief Risk Officer of MGIC
  • Mr. Robert J. Candelmo (Age 58)
    Sr. VP & Chief Information Officer of MGIC













MTG Stock - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

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

What is MGIC Investment's stock price forecast for 2023?

4 Wall Street analysts have issued twelve-month price targets 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 20.7% from the stock's current price.
View analysts price targets for MTG
or view top-rated stocks among Wall Street analysts.

How have MTG shares performed in 2022?

MGIC Investment's stock was trading at $14.42 at the beginning of the year. Since then, MTG shares have decreased by 7.6% and is now trading at $13.32.
View the best growth stocks for 2022 here
.

When is MGIC Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our MTG earnings forecast
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) announced its quarterly 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 had revenue of $294.74 million for 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 quarter last year, the company earned $0.43 EPS.

How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment?

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 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, November 9th.
Read our dividend analysis for MTG
.

Is MGIC Investment a good dividend stock?

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.99%. 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.

What is Tim Mattke's approval rating as MGIC Investment's CEO?

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.

What other stocks do shareholders of MGIC Investment own?

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).

What is MGIC Investment's stock symbol?

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

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by a variety of 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.
View institutional ownership trends
.

How do I buy shares of MGIC Investment?

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.
Compare Top Brokerages Here.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $13.32.

How much money does MGIC Investment make?

MGIC Investment (NYSE:MTG) has a market capitalization of $3.96 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.

How many employees does MGIC Investment have?

The company employs 711 workers across the globe.

How can I contact MGIC Investment?

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.

This page (NYSE:MTG) was last updated on 11/30/2022 by MarketBeat.com Staff