MGIC Investment - MTG Stock Forecast, Price & News

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

5 brokers have issued 1-year price objectives for MGIC Investment's stock. Their MTG share price forecasts range from $14.00 to $18.00. On average, they anticipate the company's share price to reach $15.75 in the next twelve months. This suggests a possible upside of 12.8% 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 $13.00 on January 1st, 2023. Since then, MTG shares have increased by 7.4% and is now trading at $13.96.
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MGIC Investment saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 17,310,000 shares, a decrease of 18.3% from the December 15th total of 21,200,000 shares. Based on an average trading volume of 3,180,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 5.9% of the company's shares are short sold.
View MGIC Investment's Short Interest.

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

MGIC Investment Co. (NYSE:MTG) issued its quarterly earnings results on Thursday, February, 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. The insurance provider had revenue of $292.25 million for the quarter, compared to analyst estimates 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 quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share.

MGIC Investment announced a quarterly dividend on Tuesday, January 24th. Investors of record on Friday, February 17th will be given a dividend of $0.10 per share on Thursday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, February 16th.
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 2.90%. 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 14.87% 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 a number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.94%), National Bank of Canada FI (1.04%), Los Angeles Capital Management LLC (0.59%), Leeward Investments LLC MA (0.27%), California Public Employees Retirement System (0.26%) and Swiss National Bank (0.25%). 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.

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 $13.96.

MGIC Investment (NYSE:MTG) has a market capitalization of $4.15 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.

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.