MGIC Investment Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGIC Investment stock.
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Wall Street analysts have given MGIC Investment a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGIC Investment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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MGIC Investment is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
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MGIC Investment will be holding an earnings conference call on Wednesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

MGIC Investment Co. (NYSE:MTG) posted its earnings results on Monday, February, 22nd. The insurance provider reported $0.43 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.39 by $0.04. The insurance provider had revenue of $302.28 million for the quarter, compared to the consensus estimate of $301.73 million. MGIC Investment had a net margin of 39.04% and a trailing twelve-month return on equity of 11.08%. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share.
View MGIC Investment's earnings history.

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MTG stock has increased by 37.2% and is now trading at $14.31.
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MGIC Investment announced a quarterly dividend on Wednesday, January 27th. Investors of record on Wednesday, February 17th will be paid a dividend of $0.06 per share on Wednesday, March 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Tuesday, February 16th.
View MGIC Investment's dividend history.

MGIC Investment pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.71%. MGIC Investment does not yet have a strock track record of dividend growth. The dividend payout ratio of MGIC Investment is 13.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 15.09% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.
View MGIC Investment's dividend history.

7 analysts have issued twelve-month price objectives for MGIC Investment's shares. Their forecasts range from $9.00 to $16.00. On average, they expect MGIC Investment's stock price to reach $13.22 in the next year. This suggests that the stock has a possible downside of 7.6%.
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1 employees have rated MGIC Investment CEO Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among MGIC Investment's employees. This puts Tim Mattke in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Radian Group (RDN), Walker & Dunlop (WD), The Simply Good Foods (SMPL), LendingTree (TREE), Washington Federal (WAFD), WSFS Financial (WSFS), Capitol Federal Financial (CFFN), Provident Financial Services (PFS), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), Brookline Bancorp (BRKL) and Berkshire Hills Bancorp (BHLB).
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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 Louisiana State Employees Retirement System (0.03%), State of Alaska Department of Revenue (0.02%) and Pacer Advisors Inc. (0.01%). 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.

MTG stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
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MTG stock was acquired by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, and Pacer Advisors Inc.. 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 or or view top insider-buying stocks.

Shares of MTG 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 $14.31.

MGIC Investment has a market capitalization of $4.85 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 739 workers across the globe.

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

MGIC Investment is headquartered at 250 EAST KILBOURN AVENUE, MILWAUKEE WI, 53202.

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]