NYSE:MTGMGIC Investment Stock Price, Forecast & News

MGIC Investment's stock was trading at $10.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MTG shares have decreased by 24.1% and is now trading at $7.92. 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 Tuesday, July 28th 2020. View our earnings forecast for MGIC Investment.

MGIC Investment Corp. (NYSE:MTG) posted its quarterly earnings data on Thursday, May, 7th. The insurance provider reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate 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 net margin of 54.64% and a return on equity of 15.88%. MGIC Investment's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business 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 paid a dividend of $0.06 per share on Friday, May 29th. This represents a $0.24 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, May 8th. View MGIC Investment's dividend history.

MGIC Investment declared that its Board of Directors has initiated a share buyback program on Wednesday, March 20th 2019, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

8 analysts have issued 1-year target prices for MGIC Investment's shares. Their forecasts range from $9.00 to $14.00. On average, they expect MGIC Investment's share price to reach $12.11 in the next twelve months. This suggests a possible upside of 52.9% from the stock's current price. View analysts' price targets for MGIC Investment.

Media coverage about MTG stock has trended negative recently, InfoTrie reports. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGIC Investment earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news stories about the insurance provider a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the stock's share price in the near term. View the latest news about MGIC Investment.

MGIC Investment saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 21,110,000 shares, an increase of 32.6% from the May 31st total of 15,920,000 shares. Based on an average daily trading volume, of 7,590,000 shares, the short-interest ratio is presently 2.8 days. Approximately 6.3% of the company's 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), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), Washington Federal (WAFD), Simply Good Foods (SMPL), 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."

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 $7.92.

MGIC Investment has a market capitalization of $2.68 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]