NYSE:MTGMGIC Investment Stock Price, Forecast & News

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MTG shares have decreased by 27.6% and is now trading at $7.55. View which stocks have been most impacted by Coronavirus.

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.

MGIC Investment is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for MGIC Investment.

MGIC Investment will be holding an earnings conference call on Wednesday, August 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 Corp. (NYSE:MTG) announced its earnings results on Thursday, May, 7th. The insurance provider reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. The insurance provider earned $306.90 million during the quarter, compared to analyst estimates of $304.61 million. MGIC Investment had a return on equity of 15.88% and a net margin of 54.64%. MGIC Investment's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. View MGIC Investment's earnings history.

MGIC Investment announced a quarterly dividend on Friday, April 24th. Shareholders of record on Monday, May 11th will be given a dividend of $0.06 per share on Friday, May 29th. This represents a $0.24 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, May 8th. View MGIC Investment's dividend history.

MGIC Investment declared that its board has initiated a stock repurchase plan on Wednesday, March 20th 2019, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

8 analysts have issued twelve-month price targets for MGIC Investment's stock. Their forecasts range from $9.00 to $14.00. On average, they expect MGIC Investment's stock price to reach $12.11 in the next year. This suggests a possible upside of 60.4% from the stock's current price. View analysts' price targets for MGIC Investment.

Press coverage about MTG stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGIC Investment earned a news impact score of -3.2 on InfoTrie's scale. They also assigned news articles about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about MGIC Investment.

MGIC Investment saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 19,450,000 shares, a decrease of 7.9% from the June 15th total of 21,110,000 shares. Based on an average daily trading volume, of 7,450,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 5.9% of the shares of the stock are sold short. View MGIC Investment's Current Options Chain.

Some companies that are related to MGIC Investment include People's United Financial (PBCT), New York Community Bancorp (NYCB), Lendingtree (TREE), TFS Financial (TFSL), Radian Group (RDN), Simply Good Foods (SMPL), Washington Federal (WAFD), EverBank Financial (EVER), Walker & Dunlop (WD), Capitol Federal Financial (CFFN), WSFS Financial (WSFS), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), Provident Financial Services (PFS) and Oritani Financial (ORIT). View all competitors.

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).

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

MGIC Investment's stock is owned by many different retail and institutional investors. Top institutional investors include Envestnet Asset Management 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 Envestnet Asset Management Inc.. 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.

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.

One share of MTG stock can currently be purchased for approximately $7.55.

MGIC Investment has a market capitalization of $2.56 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.

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

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]