S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NYSE:MTG

MGIC Investment Stock Forecast, Price & News

$14.52
-0.62 (-4.10%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$14.25
$14.80
50-Day Range
$14.52
$16.52
52-Week Range
$11.56
$16.67
Volume
2.06 million shs
Average Volume
2.90 million shs
Market Capitalization
$4.73 billion
P/E Ratio
8.20
Dividend Yield
2.11%
Beta
1.72
30 days | 90 days | 365 days | Advanced Chart
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MGIC Investment logo

About MGIC Investment

MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

Headlines

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Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
55284810
Employees
739
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$1.46 per share
Book Value
$14.98 per share

Profitability

Net Income
$446.09 million
Pretax Margin
64.79%

Debt

Price-To-Earnings

Miscellaneous

Free Float
323,402,000
Market Cap
$4.73 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/03/2021
Ex-Dividend
11/09/2021
Dividend Payable
11/23/2021
Today
11/27/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/22/2022

MarketRank

Overall MarketRank

2.94 out of 5 stars

Finance Sector

59th out of 1,340 stocks

Surety Insurance Industry

4th out of 8 stocks

Analyst Opinion: 2.3Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -












MGIC Investment (NYSE:MTG) Frequently Asked Questions

Is MGIC Investment a buy right now?

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

How has MGIC Investment's stock price been impacted by COVID-19 (Coronavirus)?

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MTG shares have increased by 39.2% and is now trading at $14.52.
View which stocks have been most impacted by COVID-19
.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, February 22nd 2022.
View our earnings forecast for MGIC Investment
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) released its quarterly earnings data on Wednesday, November, 3rd. The insurance provider reported $0.46 EPS for the quarter, meeting the Zacks' consensus estimate of $0.46. The insurance provider had revenue of $294.74 million for the quarter. MGIC Investment had a net margin of 51.30% and a trailing twelve-month return on equity of 12.61%. During the same quarter in the prior year, the firm posted $0.43 EPS.
View MGIC Investment's earnings history
.

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

MGIC Investment announced a quarterly dividend on Friday, October 29th. Shareholders of record on Thursday, November 11th will be given a dividend of $0.08 per share on Tuesday, November 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Tuesday, November 9th.
View MGIC Investment's dividend history
.

Is MGIC Investment a good dividend stock?

MGIC Investment pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.11%. MGIC Investment does not yet have a strong track record of dividend growth. The dividend payout ratio of MGIC Investment is 18.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 15.46% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.
View MGIC Investment's dividend history.

What price target have analysts set for MTG?

6 brokers have issued 1 year target prices for MGIC Investment's stock. Their forecasts range from $16.00 to $19.00. On average, they expect MGIC Investment's share price to reach $17.25 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
View analysts' price targets for MGIC Investment
or view top-rated stocks among Wall Street analysts.

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the following people:
  • Timothy J. Mattke, Chief Executive Officer & Director
  • Salvatore A. Miosi, President & Chief Operating Officer
  • Nathaniel H. Colson, Chief Financial Officer & Executive Vice President
  • Robert J. Candelmo, Chief Information Officer & Senior Vice President
  • Steven M. Thompson, Chief Risk Officer & Executive Vice President

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

1 employees have rated MGIC Investment CEO Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among MGIC Investment'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 number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (8.75%), BlackRock Inc. (8.73%), Goldman Sachs Group Inc. (4.75%), LSV Asset Management (2.57%), Bank of Nova Scotia (2.24%) and Dimensional Fund Advisors LP (2.17%). Company insiders that own MGIC Investment stock include James J Hughes, Jodee A Kozlak, Julie K Sperber, Michael E Lehman and Patrick Sinks.
View institutional ownership trends for MGIC Investment
.

Which major investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including Natixis, Citigroup Inc., Healthcare of Ontario Pension Plan Trust Fund, Invesco Ltd., Oaktree Capital Management LP, LSV Asset Management, Voloridge Investment Management LLC, and Ninety One UK Ltd.
View insider buying and selling activity for MGIC Investment
or view top insider-selling stocks.

Which major investors are buying MGIC Investment stock?

MTG stock was purchased by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, William Blair Investment Management LLC, Assenagon Asset Management S.A., Royal Bank of Canada, Capitolis Advisors LLC, Dimensional Fund Advisors LP, Mackenzie Financial Corp, and Nordea Investment Management AB. Company insiders that have bought MGIC Investment stock in the last two years include Jodee A Kozlak, and Michael E Lehman.
View insider buying and selling activity for MGIC Investment
or or view top insider-buying stocks.

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 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 $14.52.

How much money does MGIC Investment make?

MGIC Investment has a market capitalization of $4.73 billion and generates $1.20 billion in revenue each year. The insurance provider earns $446.09 million in net income (profit) each year or $1.77 on an earnings per share basis.

How many employees does MGIC Investment have?

MGIC Investment employs 739 workers across the globe.

What is MGIC Investment's official website?

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

Where are MGIC Investment's headquarters?

MGIC Investment is headquartered at 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202.

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, via email at [email protected], or via fax at 414-347-6696.


This page was last updated on 11/27/2021 by MarketBeat.com Staff

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