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NYSE:MTG

MGIC Investment Stock Forecast, Price & News

$12.07
+0.11 (+0.92 %)
(As of 12/1/2020 12:00 AM ET)
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Compare
Today's Range
$11.93
Now: $12.07
$12.33
50-Day Range
$9.61
MA: $10.96
$12.48
52-Week Range
$4.34
Now: $12.07
$15.24
Volume4.21 million shs
Average Volume5.55 million shs
Market Capitalization$4.09 billion
P/E Ratio9.08
Dividend Yield2.01%
Beta1.85
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, Puerto Rico, and Guam. 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.
MGIC Investment logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 out of 5 stars


Industry, Sector and Symbol

Industry Surety insurance
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP55284810
Phone414-347-6480
Employees724

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.21 billion
Cash Flow$2.03 per share
Book Value$13.33 per share

Profitability

Net Income$673.76 million

Miscellaneous

Market Cap$4.09 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$12.07
+0.11 (+0.92 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGIC Investment (NYSE:MTG) Frequently Asked Questions

How has MGIC Investment's stock price been impacted by Coronavirus?

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 15.7% and is now trading at $12.07.
View which stocks have been most impacted by COVID-19
.

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 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for MGIC Investment
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than MGIC Investment?

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 winning trading ideas this year 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.
View MarketBeat's top stock picks here.

When is MGIC Investment's next earnings date?

MGIC Investment is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for MGIC Investment
.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) issued its earnings results on Monday, November, 9th. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.13. The insurance provider earned $296 million during the quarter, compared to analysts' expectations of $294.63 million. MGIC Investment had a return on equity of 11.08% and a net margin of 39.04%. The firm's revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS.
View MGIC Investment's earnings history
.

How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment?

MGIC Investment declared a quarterly dividend on Friday, October 30th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.06 per share on Wednesday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Monday, November 9th.
View MGIC Investment's dividend history
.

How will MGIC Investment's stock buyback program work?

MGIC Investment declared that its Board of Directors has authorized a share repurchase plan on Wednesday, March 20th 2019, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

What price target have analysts set for MTG?

8 Wall Street analysts have issued 1-year price objectives for MGIC Investment's stock. Their forecasts range from $9.00 to $16.00. On average, they expect MGIC Investment's share price to reach $12.84 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts' price targets for MGIC Investment
.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 29,100,000 shares, an increase of 31.6% from the October 31st total of 22,120,000 shares. Based on an average daily trading volume, of 5,580,000 shares, the short-interest ratio is presently 5.2 days. Approximately 8.7% of the company's stock are short sold.
View MGIC Investment's Short Interest
.

Who are some of MGIC Investment's key 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), 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).

Who are MGIC Investment's key executives?

MGIC Investment's management team includes the following people:
  • Mr. Timothy James Mattke, CEO & Director (Age 44, Pay $2.14M)
  • Mr. Salvatore Antonino Miosi, Pres & COO (Age 52, Pay $1.6M)
  • Mr. Nathaniel Howe Colson, Exec. VP & CFO (Age 36, Pay $438.09k)
  • Ms. Paula Christine Maggio, Exec. VP, Gen. Counsel & Sec. (Age 51, Pay $1.07M)
  • Mr. James Jeffrey Hughes, Exec. VP of Sales & Bus. Devel. - Mortgage Guaranty Insurance Corp. (Age 57, Pay $1.27M)
  • Ms. Julie Kay Sperber, VP, Controller & Chief Accounting Officer (Age 46)
  • Mr. Michael J. Zimmerman, Sr. VP of Investor Relations
  • Ms. Annette M. Adams, Sr. VP & Chief HR Officer
  • Mr. Nathan R. Abramowski, VP & Treasurer
  • Brian M. Remington, VP & Assistant Sec.

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.47%), LSV Asset Management (3.24%), State Street Corp (2.05%), Natixis (1.79%), Charles Schwab Investment Management Inc. (1.03%) and Vaughan Nelson Investment Management L.P. (0.87%). 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 institutional investors are selling MGIC Investment stock?

MTG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vaughan Nelson Investment Management L.P., BNP Paribas Arbitrage SA, Voloridge Investment Management LLC, Skandinaviska Enskilda Banken AB publ , Los Angeles Capital Management & Equity Research Inc., Arrowstreet Capital Limited Partnership, and First Trust Advisors LP.
View insider buying and selling activity for MGIC Investment
.

Which institutional investors are buying MGIC Investment stock?

MTG stock was purchased by a variety of institutional investors in the last quarter, including Natixis, Foundry Partners LLC, Victory Capital Management Inc., Connor Clark & Lunn Investment Management Ltd., MUFG Securities EMEA plc, WINTON GROUP Ltd, Interval Partners LP, and MKP Capital Management L.L.C.. 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 $12.07.

How big of a company is MGIC Investment?

MGIC Investment has a market capitalization of $4.09 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 724 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 12/1/2020 by MarketBeat.com Staff

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