S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Bank Accounts: Frozen! (Ad)
Bank failures and rescue test Yellen's decades of experience
Germany, EU reach agreement in combustion engine row
BREAKING: Tiny biotech successfully treats blindness (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
BREAKING: Tiny biotech successfully treats blindness (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Bank Accounts: Frozen! (Ad)
Bank failures and rescue test Yellen's decades of experience
Germany, EU reach agreement in combustion engine row
BREAKING: Tiny biotech successfully treats blindness (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
BREAKING: Tiny biotech successfully treats blindness (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Bank Accounts: Frozen! (Ad)
Bank failures and rescue test Yellen's decades of experience
Germany, EU reach agreement in combustion engine row
BREAKING: Tiny biotech successfully treats blindness (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
BREAKING: Tiny biotech successfully treats blindness (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Bank Accounts: Frozen! (Ad)
Bank failures and rescue test Yellen's decades of experience
Germany, EU reach agreement in combustion engine row
BREAKING: Tiny biotech successfully treats blindness (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
BREAKING: Tiny biotech successfully treats blindness (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
NYSE:MTG

MGIC Investment - MTG Stock Forecast, Price & News

$12.76
+0.38 (+3.07%)
(As of 03/24/2023 12:00 AM ET)
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Compare
Today's Range
$12.16
$12.81
50-Day Range
$12.38
$14.33
52-Week Range
$11.38
$15.76
Volume
3.97 million shs
Average Volume
4.33 million shs
Market Capitalization
$3.71 billion
P/E Ratio
4.57
Dividend Yield
3.13%
Price Target
$15.75

MGIC Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
23.4% Upside
$15.75 Price Target
Short Interest
Healthy
3.73% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
1.39mentions of MGIC Investment in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$115,480 Sold Last Quarter
Proj. Earnings Growth
10.38%
From $2.12 to $2.34 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Finance Sector

445th out of 883 stocks

Surety Insurance Industry

5th out of 8 stocks


MTG stock logo

About MGIC Investment (NYSE:MTG) Stock

MGIC Investment Corp. is a holding company, which engages in the provision of mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

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MTG Stock News Headlines

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Buy MGIC: 15% Cash Returns To Investors And Growing
MGIC Investment (MTG) Q4 Earnings Surpass Estimates
What Would a Recession Mean for MGIC's Earnings?
MTG MGIC Investment Corporation
Bet on These 5 Low Leverage Stocks to Avoid Inflation Woes
MGIC Announces Partnership with Vesta
See More Headlines
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MTG Company Calendar

Last Earnings
2/02/2023
Ex-Dividend for 3/2 Dividend
2/16/2023
Dividend Payable
3/02/2023
Today
3/25/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

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
$15.75
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+23.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$865.35 million
Pretax Margin
92.94%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$3.30 per share
Book Value
$15.63 per share

Miscellaneous

Free Float
288,134,000
Market Cap
$3.71 billion
Optionable
Optionable
Beta
1.36

Key Executives

  • 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













MTG Stock - Frequently Asked Questions

Should I buy or sell MGIC Investment stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 2 hold ratings 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.

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

5 analysts have issued 12 month price objectives for MGIC Investment's shares. Their MTG share price forecasts range from $14.00 to $18.00. On average, they expect the company's share price to reach $15.75 in the next year. This suggests a possible upside of 23.4% 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 2023?

MGIC Investment's stock was trading at $13.00 at the beginning of 2023. Since then, MTG stock has decreased by 1.8% and is now trading at $12.76.
View the best growth stocks for 2023 here
.

Are investors shorting MGIC Investment?

MGIC Investment saw a drop in short interest in February. As of February 15th, there was short interest totaling 10,920,000 shares, a drop of 17.8% from the January 31st total of 13,290,000 shares. Based on an average daily volume of 2,740,000 shares, the short-interest ratio is presently 4.0 days. Currently, 3.7% of the company's stock are short sold.
View MGIC Investment's Short Interest
.

When is MGIC Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our MTG earnings forecast
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) announced its quarterly earnings data on Thursday, February, 2nd. The insurance provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. The insurance provider earned $292.25 million during the quarter, compared to analysts' expectations of $295.17 million. MGIC Investment had a net margin of 73.79% and a trailing twelve-month return on equity of 19.71%. MGIC Investment's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS.

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

MGIC Investment announced a quarterly dividend on Tuesday, January 24th. Investors of record on Friday, February 17th will be paid a dividend of $0.10 per share on Thursday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, February 16th.
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 3.20%. 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 14.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 17.09% 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 JPMorgan Chase & Co. (4.72%), Dimensional Fund Advisors LP (3.50%), LSV Asset Management (2.94%), Morgan Stanley (1.87%), Millennium Management LLC (1.85%) and Geode Capital Management LLC (1.37%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner, James J Hughes, Jodee A Kozlak 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 $12.76.

How much money does MGIC Investment make?

MGIC Investment (NYSE:MTG) has a market capitalization of $3.71 billion and generates $1.17 billion in revenue each year. The insurance provider earns $865.35 million in net income (profit) each year or $2.79 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 3/25/2023 by MarketBeat.com Staff