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

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$13.14 +0.23 (+1.78 %)
(As of 03/26/2019 12:13 PM ET)
Previous Close$12.91
Today's Range$13.03 - $13.26
52-Week Range$9.41 - $13.61
Volume83,706 shs
Average Volume2.50 million shs
Market Capitalization$4.67 billion
P/E Ratio7.38
Dividend YieldN/A
Beta1.8
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance 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 arrangements. 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.

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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$2.0184 per share
Book Value$9.91 per share

Profitability

Net Income$670.10 million

Miscellaneous

EmployeesN/A
Market Cap$4.67 billion
Next Earnings Date4/17/2019 (Estimated)
OptionableOptionable

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 will MGIC Investment's stock buyback program work?

MGIC Investment declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 26th 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) issued its earnings results on Thursday, January, 17th. The insurance provider reported $0.42 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.39 by $0.03. The insurance provider had revenue of $285.60 million for the quarter, compared to the consensus estimate of $286.42 million. MGIC Investment had a net margin of 59.63% and a return on equity of 19.64%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 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, April 17th 2019. View Earnings Estimates for MGIC Investment.

What price target have analysts set for MTG?

10 brokerages have issued twelve-month price targets for MGIC Investment's shares. Their predictions range from $12.00 to $23.00. On average, they anticipate MGIC Investment's share price to reach $16.35 in the next year. This suggests a possible upside of 24.4% from the stock's current price. View Analyst Price Targets for MGIC Investment.

What is the consensus analysts' recommendation for MGIC Investment?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGIC Investment.

What are Wall Street analysts saying about MGIC Investment stock?

Here are some recent quotes from research analysts about MGIC Investment stock:
  • 1. According to Zacks Investment Research, "MGIC Investment remains well-poised to deliver improved earnings, banking on declining delinquency, lower claims payments and an improving housing market. MGIC Investment expects to write about $50 billion new business in 2018 and also estimates insurance in force to improve. This apart, the company remains focused on enhancing its shareholders’ value. Also, positive credit trends, increasing persistency as well as low expense ratio are tailwinds. The company saw its 2018 and 2019 estimates move north over the last 60 days. However, a competitive environment and pressure to maintain capital at the required level will reduce the MGIC Investment’s capital flexibility. Shares of MGIC Investment have underperformed the industry year to date." (6/19/2018)
  • 2. Wells Fargo & Co analysts commented, "We were modeling an April cure ratio of 112.4%. The favorable cure ratio probably reflects delinquent loans curing in the geographical areas that the Agency declared Areas as a result of hurricanes Maria, which occurred in August ­ September 2017. The cure ratio should be a precursor to favorable prior­period development, although the initial reserve per delinquency in the hurricane­impacted areas was probably lower than would otherwise be the case." (5/8/2018)

Has MGIC Investment been receiving favorable news coverage?

Press coverage about MTG stock has trended somewhat negative on Tuesday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGIC Investment earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news coverage about the insurance provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.

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 Amarin (AMRN), Micron Technology (MU), Radian Group (RDN), General Electric (GE), Oclaro (OCLR), Gilead Sciences (GILD), Bank of America (BAC), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Ford Motor (F).

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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.24%), FMR LLC (4.49%), LSV Asset Management (3.90%), APG Asset Management N.V. (2.11%), Bayview Asset Management LLC (2.08%) and Northern Trust Corp (1.96%). 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 Millennium Management LLC, Bank of New York Mellon Corp, First Quadrant L P CA, Assenagon Asset Management S.A., Canada Pension Plan Investment Board, Investec Asset Management LTD, Eaton Vance Management and Royce & Associates LP. View Insider Buying and Selling for MGIC Investment.

Which institutional investors are buying MGIC Investment stock?

MTG stock was bought by a variety of institutional investors in the last quarter, including Bayview Asset Management LLC, Norges Bank, Shoals Capital Management LP, Boston Partners, Prudential Financial Inc., American Century Companies Inc., BlackRock Inc. and Oaktree Capital Management LP. 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 $13.1450.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $4.67 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.

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]


MarketBeat Community Rating for MGIC Investment (NYSE MTG)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  382 (Vote Outperform)
Underperform Votes:  335 (Vote Underperform)
Total Votes:  717
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 3/26/2019 by MarketBeat.com Staff

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