MGIC Investment Corporation Company Profile (NYSE:MTG)

About MGIC Investment Corporation (NYSE:MTG)

MGIC Investment Corporation logoMGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, the Company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation. The Company's subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property Insurance
  • Sub-Industry: Thrifts & Mortgage Finance
  • Symbol: NYSE:MTG
  • CUSIP: 55284810
  • Web:
  • Market Cap: $4.78395 billion
  • Outstanding Shares: 370,562,000
Average Prices:
  • 50 Day Moving Avg: $11.90
  • 200 Day Moving Avg: $11.27
  • 52 Week Range: $7.94 - $13.20
  • Trailing P/E Ratio: 13.33
  • Foreward P/E Ratio: 11.46
  • P/E Growth: 1.49
Sales & Book Value:
  • Annual Revenue: $1.06 billion
  • Price / Sales: 4.57
  • Book Value: $8.08 per share
  • Price / Book: 1.62
  • EBITDA: $801.94 million
  • Net Margins: 34.99%
  • Return on Equity: 16.56%
  • Return on Assets: 7.72%
  • Debt-to-Equity Ratio: 0.28%
  • Current Ratio: 0.18%
  • Quick Ratio: 0.18%
  • Average Volume: 2.46 million shs.
  • Beta: 2.16
  • Short Ratio: 1.65

Frequently Asked Questions for MGIC Investment Corporation (NYSE:MTG)

What is MGIC Investment Corporation's stock symbol?

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

How were MGIC Investment Corporation's earnings last quarter?

MGIC Investment Corporation (NYSE:MTG) posted its earnings results on Thursday, July, 20th. The company reported $0.31 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.06. The business had revenue of $263.31 million for the quarter, compared to analyst estimates of $263.43 million. MGIC Investment Corporation had a net margin of 34.99% and a return on equity of 16.56%. MGIC Investment Corporation's revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. View MGIC Investment Corporation's Earnings History.

When will MGIC Investment Corporation make its next earnings announcement?

MGIC Investment Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for MGIC Investment Corporation.

Where is MGIC Investment Corporation's stock going? Where will MGIC Investment Corporation's stock price be in 2017?

9 equities research analysts have issued 12 month target prices for MGIC Investment Corporation's stock. Their predictions range from $10.00 to $15.25. On average, they expect MGIC Investment Corporation's share price to reach $12.75 in the next twelve months. View Analyst Ratings for MGIC Investment Corporation.

What are analysts saying about MGIC Investment Corporation stock?

Here are some recent quotes from research analysts about MGIC Investment Corporation stock:

  • 1. According to Zacks Investment Research, "Shares of MGIC Investment have outperformed the industry, year to date. The company also seen its 2017 and 2018 estimates moving north over the last 60 days. MGIC Investment remains well poised to deliver improved earnings banking on declining delinquency, lower claims payments and improving housing market. The company expects to write about the same amount of new business as 2016, and also estimates insurance in force to improve in 2017. This apart, the company remains focused in enhancing shareholders’ value and is a major contributor to housing finance policy. Also, positive credit trends, low expense ratio are tailwinds. However, a competitive environment and pressure to maintain capital at required level will reduce the company’s capital flexibility." (10/4/2017)
  • 2. Credit Suisse Group analysts commented, "We are increasing our 2017-18 EPS estimates to reflect our updated share repurchase outlook, and are raising our target price to $10 (from $8). We see three paths to be able to fund the buyback: 1. Cash on hand: As of 9/30, MTG had $330 million of hold co cash, of which $145 million is being held for the 2017 debt maturity and $40 million for completing the buyback as part of the 3Q debt issuance/convert repurchase. This leaves MTG with about $145 million of available cash. With no near-term debt maturities (2023 is next), and the dividend from the MI subsidiary covering interest, MTG has limited needs to hold substantial hold co cash." (11/28/2016)

Who are some of MGIC Investment Corporation's key competitors?

Who are MGIC Investment Corporation's key executives?

MGIC Investment Corporation's management team includes the folowing people:

  • Patrick Sinks, President, Chief Executive Officer, Chief Operating Officer, Director
  • Timothy J. Mattke, Chief Financial Officer, Executive Vice President
  • Stephen C. Mackey, Executive Vice President, Chief Risk Officer
  • Jeffrey H. Lane, Executive Vice President, General Counsel, Secretary
  • Gregory A. Chi, Senior Vice President – Information Services and Chief Information Officer of MGIC
  • James J. Hughes, Executive Vice President – Sales and Business Development of MGIC
  • Curt S. Culver, Non-Executive Chairman of the Board
  • Kenneth M. Jastrow II, Lead Independent Director
  • Daniel A. Arrigoni, Independent Director
  • Cassandra C. Carr, Independent Director

How do I buy MGIC Investment Corporation stock?

Shares of MGIC Investment Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MGIC Investment Corporation's stock price today?

One share of MGIC Investment Corporation stock can currently be purchased for approximately $13.06.

MarketBeat Community Rating for MGIC Investment Corporation (NYSE MTG)
Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  263 (Vote Outperform)
Underperform Votes:  221 (Vote Underperform)
Total Votes:  484
MarketBeat's community ratings are surveys of what our community members think about MGIC Investment Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MGIC Investment Corporation (NYSE:MTG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.89)
Consensus Price Target: $12.75 (2.37% downside)
Consensus Price Target History for MGIC Investment Corporation (NYSE:MTG)
Price Target History for MGIC Investment Corporation (NYSE:MTG)
Analysts' Ratings History for MGIC Investment Corporation (NYSE:MTG)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/14/2017BTIG ResearchReiterated RatingBuy$14.00N/AView Rating Details
10/11/2017Compass PointReiterated RatingBuy$13.00 -> $15.25N/AView Rating Details
8/31/2017Keefe, Bruyette & WoodsReiterated RatingBuy$13.00LowView Rating Details
7/21/2017Deutsche Bank AGBoost Price TargetBuy$13.00 -> $13.50LowView Rating Details
4/25/2017MKM PartnersReiterated RatingBuy$10.00 -> $13.00LowView Rating Details
2/13/2017FBR & CoBoost Price TargetOutperform$12.00 -> $13.00N/AView Rating Details
2/8/2017Credit Suisse GroupSet Price TargetHold$10.00N/AView Rating Details
1/9/2017Barclays PLCReiterated RatingBuy$13.00N/AView Rating Details
10/17/2016Bank of America CorporationInitiated CoverageBuy$10.00N/AView Rating Details
1/22/2016Goldman Sachs Group, Inc. (The)Reiterated RatingConviction-Buy -> Buy$11.00 -> $10.00N/AView Rating Details
(Data available from 10/17/2015 forward)


Earnings History for MGIC Investment Corporation (NYSE:MTG)
Earnings by Quarter for MGIC Investment Corporation (NYSE:MTG)
Earnings History by Quarter for MGIC Investment Corporation (NYSE MTG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/18/2017$0.26N/AView Earnings Details
7/20/2017Q2 2017$0.25$0.31$263.43 million$263.31 millionViewN/AView Earnings Details
4/20/2017Q1 2017$0.24$0.31$262.97 million$260.90 millionViewN/AView Earnings Details
1/19/2017Q4 2016$0.22$0.28$264.69 million$266.50 millionViewListenView Earnings Details
10/18/2016Q316$0.17$0.25$259.57 million$273.90 millionViewListenView Earnings Details
7/19/2016Q216$0.20$0.26$255.01 million$263.50 millionViewListenView Earnings Details
4/19/2016Q116$0.22$0.17$258.88 million$258.60 millionViewListenView Earnings Details
1/21/2016Q415$0.26$0.26$258.19 million$257.90 millionViewListenView Earnings Details
10/15/2015Q315$0.21$0.29$250.35 million$269.50 millionViewListenView Earnings Details
7/16/2015Q215$0.23$0.28$247.34 million$243.10 millionViewListenView Earnings Details
4/21/2015Q115$0.21$0.26$243.55 million$270.20 millionViewListenView Earnings Details
1/20/2015Q414$0.14$0.19$237.64 million$240.36 millionViewListenView Earnings Details
10/15/2014Q314$0.10$0.18$233.30 million$235.10 millionViewListenView Earnings Details
7/16/2014Q214$0.13$0.12$237.13 million$231.20 millionViewListenView Earnings Details
4/22/2014Q1 2014$0.09$0.15$242.35 million$235.10 millionViewListenView Earnings Details
1/23/2014Q413($0.03)($0.01)$254.67 million$251.90 millionViewListenView Earnings Details
10/16/2013Q313($0.13)$0.04$260.92 million$254.40 millionViewListenView Earnings Details
7/23/2013Q2 2013($0.15)$0.04$266.24 million$263.90 millionViewListenView Earnings Details
4/30/2013Q1 2013($0.15)($0.31)$281.31 million$269.20 millionViewListenView Earnings Details
2/28/2013Q4 2012($1.77)($1.91)$322.32 million$371.40 millionViewListenView Earnings Details
11/9/2012Q312($0.50)($1.22)$285.03 million$306.20 millionViewN/AView Earnings Details
8/2/2012($0.52)($1.36)ViewN/AView Earnings Details
4/23/2012($0.37)($0.10)ViewN/AView Earnings Details
1/24/2012($0.80)($0.67)ViewN/AView Earnings Details
10/21/2011($0.86)($0.82)ViewN/AView Earnings Details
7/18/2011($0.13)($0.75)ViewN/AView Earnings Details
4/20/2011($0.06)($0.17)ViewN/AView Earnings Details
1/19/2011($0.58)($0.93)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for MGIC Investment Corporation (NYSE:MTG)
2017 EPS Consensus Estimate: $0.99
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.25$0.25$0.25
Q2 20171$0.26$0.26$0.26
Q3 20171$0.24$0.24$0.24
Q4 20171$0.24$0.24$0.24
(Data provided by Zacks Investment Research)


Dividend History for MGIC Investment Corporation (NYSE:MTG)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for MGIC Investment Corporation (NYSE:MTG)
Insider Ownership Percentage: 1.03%
Institutional Ownership Percentage: 89.43%
Insider Trades by Quarter for MGIC Investment Corporation (NYSE:MTG)
Institutional Ownership by Quarter for MGIC Investment Corporation (NYSE:MTG)
Insider Trades by Quarter for MGIC Investment Corporation (NYSE:MTG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/9/2016Cassandra C CarrDirectorBuy5,000$6.35$31,750.00View SEC Filing  
1/28/2016Gregory A ChiSVPBuy10,000$6.36$63,600.00View SEC Filing  
1/28/2016Stephen C. MackeyEVPBuy5,000$6.43$32,150.00View SEC Filing  
1/27/2016Timothy A. HoltDirectorBuy20,000$6.38$127,600.00View SEC Filing  
1/26/2016Daniel A ArrigoniDirectorBuy10,000$5.88$58,800.00View SEC Filing  
1/26/2016Jeffrey H LaneEVPBuy15,000$5.93$88,950.00View SEC Filing  
10/22/2015C Edward ChaplinDirectorBuy5,000$9.46$47,300.00View SEC Filing  
8/13/2015Lawrence J PierzchalskiEVPSell75,000$10.84$813,000.00View SEC Filing  
4/29/2015Donald T NicolaisenDirectorSell10,000$10.60$106,000.00View SEC Filing  
3/10/2015Daniel A ArrigoniDirectorBuy10,000$9.19$91,900.00View SEC Filing  
10/23/2014Michael E LehmanDirectorBuy5,000$8.26$41,300.00View SEC Filing  
3/4/2014Donald NicolaisenDirectorSell40,000$9.02$360,800.00View SEC Filing  
3/7/2013Jeffrey H LaneEVPBuy35,000$5.15$180,250.00View SEC Filing  
3/7/2013Jon Michael LauerCFOBuy50,000$5.15$257,500.00View SEC Filing  
3/7/2013Patrick SinksCOOBuy30,000$5.15$154,500.00View SEC Filing  
3/7/2013Timothy J MattkeCAOBuy10,000$5.15$51,500.00View SEC Filing  
8/9/2012James A KarpowiczSVPBuy18,700$1.05$19,635.00View SEC Filing  
8/8/2012James A KarpowiczSVPBuy1,300$1.03$1,339.00View SEC Filing  
8/6/2012Curt S CulverCEOBuy100,000$0.98$98,000.00View SEC Filing  
8/6/2012Jon Michael LauerCFOBuy75,000$0.89$66,750.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for MGIC Investment Corporation (NYSE:MTG)
Latest Headlines for MGIC Investment Corporation (NYSE:MTG)
DateHeadline logoMGIC Investment Corp.'s (MTG) Buy Rating Reiterated at BTIG Research - October 14 at 7:04 AM logoEquities Analysts Set Expectations for MGIC Investment Corporation's FY2017 Earnings (MTG) - October 12 at 9:16 AM logoMGIC Investment Corporation (MTG) Stock Rating Reaffirmed by Compass Point - October 12 at 12:20 AM logoAnalysts Issue Forecasts for MGIC Investment Corporation's Q3 2017 Earnings (MTG) - October 11 at 6:32 AM logoMGIC Investment (MTG) PT Raised to $15.25 at Compass Point - - October 11 at 12:53 AM logoMGIC Investment Corporation Schedules 3rd Quarter 2017 Earnings Call and Releases Monthly Operating Statistics - October 9 at 3:28 PM logoETFs with exposure to MGIC Investment Corp. : October 9, 2017 - October 9 at 3:28 PM logoMGIC Investment Corporation (MTG) to Release Quarterly Earnings on Monday - October 9 at 1:32 AM logoMGIC Investment Corporation (MTG) Downgraded to "Hold" at Zacks Investment Research - October 8 at 7:20 PM logoMGIC Investment Corporation (MTG) Expected to Post Earnings of $0.26 Per Share - October 8 at 12:24 PM logoStocks In Buy Zone Ahead Of Earnings: MGIC Investment - October 2 at 5:38 PM logoMGIC Investment Corporation (MTG) Given Average Recommendation of "Buy" by Brokerages - October 1 at 11:06 AM logoMGIC Investment Clears Key Benchmark, Hitting 80-Plus RS Rating - September 22 at 9:39 AM logoMGIC Launches Improved Rate Quote Tools - September 19 at 12:18 AM logoFormer MGIC chairman, Leon Kendall, dies at 89 - September 16 at 6:41 AM logoMGIC Investment (MTG) Presents At Barclays 2017 Global Financial Services Conference - Slideshow - September 14 at 8:03 AM logoMGIC Investment Corp. breached its 50 day moving average in a Bullish Manner : MTG-US : September 13, 2017 - September 14 at 8:03 AM logoMGIC Investment Corporation (MTG) Given Consensus Rating of "Buy" by Brokerages - September 6 at 11:01 AM logoMGIC to Participate at the Barclays Global Financial Services Conference - September 6 at 6:34 AM logoMGIC Investment Corporation (MTG) Given "Buy" Rating at Keefe, Bruyette & Woods - August 31 at 9:28 PM logoMGIC Investment Corp. breached its 50 day moving average in a Bearish Manner : MTG-US : August 29, 2017 - August 30 at 6:56 AM logoMGIC Investment Corp. – Value Analysis (NYSE:MTG) : August 24, 2017 - August 25 at 8:47 AM logoMGIC Investment Corporation (MTG) vs. Fidelity National Financial (FNFV) Financial Analysis - August 21 at 8:08 PM logoWhy Is MGIC Investment (MTG) Down 2.6% Since the Last Earnings Report? - August 21 at 8:07 PM logoFidelity National Financial (FNFV) vs. MGIC Investment Corporation (MTG) Head to Head Contrast - August 21 at 4:24 AM logoShould You Hold MGIC Investment (MTG) in Your Portfolio? - Nasdaq - August 19 at 3:35 AM logoTop Ranked Value Stocks to Buy for August 18th - August 19 at 3:35 AM logoShould You Hold MGIC Investment (MTG) in Your Portfolio? - August 17 at 3:43 PM logoMGIC Investment Corp. breached its 50 day moving average in a Bullish Manner : MTG-US : August 15, 2017 - August 16 at 6:22 AM logoMGIC Announces Partnership with WEI Technology - August 15 at 2:21 AM logoHead to Head Analysis: Fidelity National Financial (FNFV) & MGIC Investment Corporation (MTG) - August 14 at 12:28 AM logoMGIC Investment Corporation (NYSE:MTG) Given Average Rating of "Buy" by Brokerages - August 12 at 12:28 PM logoIHS Markit Score Update: Rise in demand for ETFs holding MGIC Investment Corp is a positive for its shares - August 12 at 6:02 AM logoIHS Markit Score Update: Drop in demand for ETFs holding MGIC Investment Corp is a negative sign for its shares - August 11 at 6:41 AM logoSee what the IHS Markit Score report has to say about MGIC Investment Corp. - August 10 at 6:03 AM logoMGIC Investment: High-Conviction Buy - July 26 at 2:41 AM logoMGIC Investment Corporation (NYSE:MTG) versus Fidelity National Financial (FNFV) Financial Survey - July 26 at 12:26 AM logoFinancial Survey: MGIC Investment Corporation (MTG) and Stewart Information Services Corporation (STC) - July 22 at 6:51 PM logoMGIC Investment Corporation (NYSE:MTG) Stock Rating Reaffirmed by BTIG Research - July 22 at 4:34 PM logoMGIC Investment (MTG) Q2 Earnings Beat Estimates, Up Y/Y - Nasdaq - July 22 at 6:41 AM logoMGIC Investment (MTG) Q2 Earnings Beat Estimates, Up Y/Y - July 22 at 6:41 AM logoMGIC Investment Corporation (NYSE:MTG) Given New $13.50 Price Target at Deutsche Bank AG - July 21 at 11:07 PM logoMGIC Investment Corp Profit Advances 8% In Q2 - July 21 at 2:52 AM logoMGIC Investment's (MTG) CEO Pat Sinks on Q2 2017 Results - Earnings Call Transcript - July 21 at 2:52 AM logoInvestor Network: MGIC Investment Corporation to Host Earnings Call - July 21 at 2:52 AM logoEdited Transcript of MTG earnings conference call or presentation 20-Jul-17 2:00pm GMT - July 21 at 2:52 AM logoMGIC beats 2Q profit forecasts - July 21 at 2:52 AM logoMGIC Investment Corporation (NYSE:MTG) Announces Quarterly Earnings Results - July 20 at 9:58 AM logoMGIC Investment Corporation (MTG) Given Average Rating of "Buy" by Brokerages - July 18 at 12:13 PM logoComparing NMI Holdings (NMIH) & MGIC Investment Corporation (NYSE:MTG) - July 18 at 12:26 AM



MGIC Investment Corporation (MTG) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by Staff

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