MGIC Investment - MTG Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last twelve months. There are currently 1 hold rating and 4 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.

5 analysts have issued 1-year price targets for MGIC Investment's stock. Their MTG share price forecasts range from $16.00 to $23.00. On average, they predict the company's stock price to reach $18.33 in the next twelve months. This suggests a possible upside of 39.0% from the stock's current price.
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MGIC Investment's stock was trading at $14.42 at the beginning of the year. Since then, MTG shares have decreased by 8.5% and is now trading at $13.19.
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MGIC Investment saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 25,410,000 shares, an increase of 23.8% from the August 15th total of 20,530,000 shares. Based on an average trading volume of 2,590,000 shares, the days-to-cover ratio is currently 9.8 days. Approximately 8.5% of the shares of the stock are sold short.
View MGIC Investment's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MTG earnings forecast.

MGIC Investment Co. (NYSE:MTG) announced its earnings results on Wednesday, November, 3rd. The insurance provider reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The insurance provider earned $294.74 million during the quarter. MGIC Investment had a net margin of 64.21% and a trailing twelve-month return on equity of 17.05%. During the same quarter last year, the firm posted $0.43 earnings per share.

MGIC Investment announced a quarterly dividend on Friday, July 29th. Investors of record on Thursday, August 11th will be paid a dividend of $0.10 per share on Thursday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, August 10th. This is a boost from the stock's previous quarterly dividend of $0.08.
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 3.03%. 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 17.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 17.62% 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 many different institutional and retail investors. Top institutional investors include Goldman Sachs Group Inc. (6.67%), FMR LLC (5.84%), State Street Corp (3.45%), JPMorgan Chase & Co. (3.44%), Natixis (2.22%) and Bank of Nova Scotia (1.61%). Insiders that own company stock include Daniel A Arrigoni, James J Hughes, Jodee A Kozlak, Julie K Sperber, Michael E Lehman and Patrick Sinks.
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 $13.19.

MGIC Investment (NYSE:MTG) has a market capitalization of $4.00 billion and generates $1.19 billion in revenue each year. The insurance provider earns $634.98 million in net income (profit) each year or $2.32 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.