NYSE:MTGMGIC Investment Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MGIC Investment Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $8.60 +0.24 (+2.87 %) (As of 08/7/2020 04:00 PM ET) Add Compare Share Today's Range$8.15Now: $8.60▼$8.6250-Day Range$7.22MA: $7.90▼$8.6852-Week Range$4.34Now: $8.60▼$15.24Volume3.71 million shsAverage Volume4.25 million shsMarket Capitalization$2.91 billionP/E Ratio5.97Dividend Yield2.79%Beta1.82 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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. 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. 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.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.11, MGIC Investment has a potential upside of 40.8% from its current price of $8.60.Amount of Analyst CoverageMGIC Investment has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.6 Community Rank Outperform VotesMGIC Investment has received 456 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMGIC Investment has received 412 “underperform” votes. (Add your “underperform” vote.)Community SentimentMGIC Investment has received 52.53% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.79%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 13.04%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGIC Investment will have a dividend payout ratio of 15.38% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $39,100.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.62% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions92.08% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 26.83% in the coming year, from $1.23 to $1.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 5.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.99.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 5.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.73.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.40. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGIC Investment has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.32 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:MTG Previous Symbol CUSIP55284810 CIK876437 Webmtg.mgic.com Phone414-347-6480Debt Debt-to-Equity Ratio0.19 Current Ratio0.47 Quick Ratio0.53Price-To-Earnings Trailing P/E Ratio5.97 Forward P/E Ratio6.99 P/E Growth1.4 Sales & Book Value Annual Sales$1.21 billion Price / Sales2.40 Cash Flow$2.06 per share Price / Cash Flow4.17 Book Value$12.95 per share Price / Book0.66Profitability EPS (Most Recent Fiscal Year)$1.84 Net Income$673.76 million Net Margins42.08% Return on Equity11.87% Return on Assets8.08%Miscellaneous Employees793 Outstanding Shares338,570,000Market Cap$2.91 billion Next Earnings Date10/27/2020 (Estimated) OptionableOptionable $8.60 +0.24 (+2.87 %) (As of 08/7/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MTG News and Ratings via Email Sign-up to receive the latest news and ratings for MTG and its competitors with MarketBeat's FREE daily newsletter. MGIC Investment (NYSE:MTG) Frequently Asked Questions How has MGIC Investment's stock been impacted by COVID-19 (Coronavirus)? MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTG shares have decreased by 17.5% and is now trading at $8.60. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of MGIC Investment? 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. When is MGIC Investment's next earnings date? MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020. View our earnings forecast for MGIC Investment. How were MGIC Investment's earnings last quarter? MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings results on Tuesday, August, 4th. The insurance provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.12. The insurance provider had revenue of $293.70 million for the quarter, compared to analysts' expectations of $293.92 million. MGIC Investment had a return on equity of 11.87% and a net margin of 42.08%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. View MGIC Investment's earnings history. How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment? MGIC Investment announced a quarterly dividend on Friday, July 31st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.06 per share on Friday, August 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, August 10th. View MGIC Investment's dividend history. How will MGIC Investment's stock buyback program work? MGIC Investment announced that its board has approved a share repurchase program on Wednesday, March 20th 2019, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued. What price target have analysts set for MTG? 8 equities research analysts have issued 1-year price objectives for MGIC Investment's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate MGIC Investment's share price to reach $12.11 in the next year. This suggests a possible upside of 40.8% from the stock's current price. View analysts' price targets for MGIC Investment. Has MGIC Investment been receiving favorable news coverage? News headlines about MTG stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. MGIC Investment earned a daily sentiment score of 1.3 on InfoTrie's scale. They also gave news articles about the insurance provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about MGIC Investment. Are investors shorting MGIC Investment? MGIC Investment saw a increase in short interest in July. As of July 31st, there was short interest totaling 20,750,000 shares, an increase of 10.3% from the July 15th total of 18,810,000 shares. Based on an average daily trading volume, of 6,430,000 shares, the short-interest ratio is presently 3.2 days. Approximately 6.2% of the company's stock are short sold. View MGIC Investment's Short Interest. Who are some of MGIC Investment's key competitors? 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), Walker & Dunlop (WD), WSFS Financial (WSFS), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), EverBank Financial (EVER), OceanFirst Financial (OCFC), At Home Group (HOME) and Provident Financial Services (PFS). View all 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), Ford Motor (F), GWG (GWGH), AT&T (T), Bank of America (BAC), Energy Transfer LP Unit (ET), General Electric (GE) and Coty (COTY). Who are MGIC Investment's key executives? MGIC Investment's management team includes the following 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) What is MGIC Investment's stock symbol? MGIC Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTG." Who are MGIC Investment's major shareholders? MGIC Investment's stock is owned by many different retail and institutional investors. Top institutional investors include LSV Asset Management (3.23%), Victory Capital Management Inc. (0.70%), Russell Investments Group Ltd. (0.50%), Assenagon Asset Management S.A. (0.49%), First Trust Advisors LP (0.44%) and Foundry Partners LLC (0.30%). 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. Which major investors are selling MGIC Investment stock? MTG stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Assenagon Asset Management S.A., Principal Financial Group Inc., LSV Asset Management, BI Asset Management Fondsmaeglerselskab A S, First Quadrant L P CA, Stone Ridge Asset Management LLC, and Trexquant Investment LP. 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. Which major investors are buying MGIC Investment stock? MTG stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, First Trust Advisors LP, Duality Advisers LP, UBS Group AG, Mackay Shields LLC, Exchange Traded Concepts LLC, NN Investment Partners Holdings N.V., and NN Investment Partners Holdings N.V.. 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. 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, Robinhood, Fidelity, and Charles Schwab. What is MGIC Investment's stock price today? One share of MTG stock can currently be purchased for approximately $8.60. How big of a company is MGIC Investment? MGIC Investment has a market capitalization of $2.91 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. 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] This page was last updated on 8/9/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
