NYSE:MTG - MGIC Investment Stock Price, News & Analysis

$12.42
+0.24 (+1.97 %)
(As of 08/16/2019 04:00 PM ET)
Today's Range
$12.04
Now: $12.42
$12.48
50-Day Range
$11.95
MA: $13.09
$13.91
52-Week Range
$9.41
Now: $12.42
$14.97
Volume1.90 million shs
Average Volume4.16 million shs
Market Capitalization$4.40 billion
P/E Ratio6.98
Dividend YieldN/A
Beta1.58
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. Read More…

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$1.12 billion
Cash Flow$2.0804 per share
Book Value$11.40 per share

Profitability

Net Income$670.10 million

Miscellaneous

Employees793
Market Cap$4.40 billion
Next Earnings Date10/16/2019 (Estimated)
OptionableOptionable

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MGIC Investment (NYSE:MTG) Frequently Asked Questions

What is MGIC Investment's stock symbol?

MGIC Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTG."

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

MGIC Investment announced a quarterly dividend on Thursday, July 25th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.06 per share on Friday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, August 29th. View MGIC Investment's Dividend History.

How will MGIC Investment's stock buyback program work?

MGIC Investment declared that its Board of Directors has approved a share buyback plan on Wednesday, March 20th 2019, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) posted its earnings results on Tuesday, July, 23rd. The insurance provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The insurance provider earned $292.30 million during the quarter, compared to analyst estimates of $295.03 million. MGIC Investment had a net margin of 56.84% and a return on equity of 17.55%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. View MGIC Investment's Earnings History.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release their next quarterly earnings announcement on Wednesday, October 16th 2019. View Earnings Estimates for MGIC Investment.

What price target have analysts set for MTG?

5 equities research analysts have issued 12-month price objectives for MGIC Investment's shares. Their predictions range from $14.00 to $18.00. On average, they expect MGIC Investment's stock price to reach $15.90 in the next year. This suggests a possible upside of 28.0% from the stock's current price. View Analyst Price Targets for MGIC Investment.

What is the consensus analysts' recommendation for MGIC Investment?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

Has MGIC Investment been receiving favorable news coverage?

Media stories about MTG stock have been trending negative on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGIC Investment earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for MGIC Investment.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 6,357,900 shares, an increase of 20.9% from the June 30th total of 5,257,200 shares. Based on an average trading volume of 4,450,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.8% of the company's stock are sold short. View MGIC Investment's Current Options Chain.

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), GWG (GWGH), General Electric (GE), Micron Technology (MU), Ford Motor (F), Advanced Micro Devices (AMD), Gilead Sciences (GILD) and Bank of America (BAC).

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the folowing 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)

Who are MGIC Investment's major shareholders?

MGIC Investment's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.82%), BlackRock Inc. (4.51%), LSV Asset Management (3.64%), APG Asset Management N.V. (3.37%), Renaissance Technologies LLC (1.79%) and Point72 Asset Management L.P. (1.72%). Company insiders that own MGIC Investment stock include Daniel A Arrigoni and Michael E Lehman. View Institutional Ownership Trends for MGIC Investment.

Which institutional investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bayview Asset Management LLC, Northern Trust Corp, Wells Fargo & Company MN, LSV Asset Management, Vanguard Group Inc., Morgan Stanley and Bank of New York Mellon Corp. View Insider Buying and Selling for MGIC Investment.

Which institutional investors are buying MGIC Investment stock?

MTG stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Point72 Asset Management L.P., Panagora Asset Management Inc., D. E. Shaw & Co. Inc., Grantham Mayo Van Otterloo & Co. LLC, Nuveen Asset Management LLC, Los Angeles Capital Management & Equity Research Inc. and Paloma Partners Management Co. Company insiders that have bought MGIC Investment stock in the last two years include Daniel A Arrigoni and Michael E Lehman. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is MGIC Investment's stock price today?

One share of MTG stock can currently be purchased for approximately $12.42.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $4.40 billion and generates $1.12 billion in revenue each year. The insurance provider earns $670.10 million in net income (profit) each year or $1.78 on an earnings per share basis. MGIC Investment employs 793 workers across the globe.View Additional Information About MGIC Investment.

What is MGIC Investment's official website?

The official website for MGIC Investment is http://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]


MarketBeat Community Rating for MGIC Investment (NYSE MTG)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  400 (Vote Outperform)
Underperform Votes:  356 (Vote Underperform)
Total Votes:  756
MarketBeat's community ratings are surveys of what our community members think about MGIC Investment and other stocks. Vote "Outperform" if you believe MTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/17/2019 by MarketBeat.com Staff

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