Log in

NYSE:MTGMGIC Investment Stock Price, Forecast & News

$8.60
+0.24 (+2.87 %)
(As of 08/7/2020 04:00 PM ET)
Add
Compare
Today's Range
$8.15
Now: $8.60
$8.62
50-Day Range
$7.22
MA: $7.90
$8.68
52-Week Range
$4.34
Now: $8.60
$15.24
Volume3.71 million shs
Average Volume4.25 million shs
Market Capitalization$2.91 billion
P/E Ratio5.97
Dividend Yield2.79%
Beta1.82
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. 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; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation 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.
Read More
MGIC Investment logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.32 out of 5 stars


Industry, Sector and Symbol

Industry Surety insurance
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP55284810
Phone414-347-6480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.21 billion
Cash Flow$2.06 per share
Book Value$12.95 per share

Profitability

Net Income$673.76 million

Miscellaneous

Employees793
Market Cap$2.91 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$8.60
+0.24 (+2.87 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive MTG News and Ratings via Email

Sign-up to receive the latest news and ratings for MTG and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











MGIC Investment (NYSE:MTG) Frequently Asked Questions

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

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTG shares have decreased by 17.5% and is now trading at $8.60.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of MGIC Investment?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for MGIC Investment
.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for MGIC Investment
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings results on Tuesday, August, 4th. The insurance provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.12. The insurance provider had revenue of $293.70 million for the quarter, compared to analysts' expectations of $293.92 million. MGIC Investment had a return on equity of 11.87% and a net margin of 42.08%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $0.46 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, July 31st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.06 per share on Friday, August 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, August 10th.
View MGIC Investment's dividend history
.

How will MGIC Investment's stock buyback program work?

MGIC Investment announced that its board has approved a share repurchase program on Wednesday, March 20th 2019, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for MTG?

8 equities research analysts have issued 1-year price objectives for MGIC Investment's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate MGIC Investment's share price to reach $12.11 in the next year. This suggests a possible upside of 40.8% from the stock's current price.
View analysts' price targets for MGIC Investment
.

Has MGIC Investment been receiving favorable news coverage?

News headlines about MTG stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. MGIC Investment earned a daily sentiment score of 1.3 on InfoTrie's scale. They also gave news articles about the insurance provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about MGIC Investment
.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest in July. As of July 31st, there was short interest totaling 20,750,000 shares, an increase of 10.3% from the July 15th total of 18,810,000 shares. Based on an average daily trading volume, of 6,430,000 shares, the short-interest ratio is presently 3.2 days. Approximately 6.2% of the company's stock are short sold.
View MGIC Investment's Short Interest
.

Who are some of MGIC Investment's key competitors?

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), Radian Group (RDN), Ford Motor (F), GWG (GWGH), AT&T (T), Bank of America (BAC), Energy Transfer LP Unit (ET), General Electric (GE) and Coty (COTY).

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the following people:
  • Mr. Patrick Sinks, Pres, CEO & Director (Age 62)
  • Mr. Timothy James Mattke, Exec. VP & CFO (Age 43)
  • Mr. Stephen Crail Mackey, Exec. VP & Chief Risk Officer (Age 58)
  • Mr. James J. Hughes, Exec. VP of Sales & Bus. Devel. - Mortgage Guaranty Insurance Corp. (Age 56)
  • Mr. Jeffrey Harold Lane, Consultant (Age 69)

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 many different retail and institutional investors. Top institutional investors include LSV Asset Management (3.23%), Victory Capital Management Inc. (0.70%), Russell Investments Group Ltd. (0.50%), Assenagon Asset Management S.A. (0.49%), First Trust Advisors LP (0.44%) and Foundry Partners LLC (0.30%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni, 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 Russell Investments Group Ltd., Assenagon Asset Management S.A., Principal Financial Group Inc., LSV Asset Management, BI Asset Management Fondsmaeglerselskab A S, First Quadrant L P CA, Stone Ridge Asset Management LLC, and Trexquant Investment LP. Company insiders that have sold MGIC Investment company stock in the last year include Julie K Sperber, and Patrick Sinks.
View insider buying and selling activity for MGIC Investment
.

Which major investors are buying MGIC Investment stock?

MTG stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, First Trust Advisors LP, Duality Advisers LP, UBS Group AG, Mackay Shields LLC, Exchange Traded Concepts LLC, NN Investment Partners Holdings N.V., and NN Investment Partners Holdings N.V.. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni, Jodee A Kozlak, and Michael E Lehman.
View insider buying and selling activity for MGIC Investment
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $8.60.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $2.91 billion and generates $1.21 billion in revenue each year. The insurance provider earns $673.76 million in net income (profit) each year or $1.84 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.

What is MGIC Investment's official website?

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

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 or via email at [email protected]

This page was last updated on 8/9/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.