Log in

NYSE:MTGMGIC Investment Stock Price, Forecast & News

$7.92
-0.04 (-0.50 %)
(As of 07/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$7.90
Now: $7.92
$8.46
50-Day Range
$6.70
MA: $8.29
$9.79
52-Week Range
$4.34
Now: $7.92
$15.24
Volume6.34 million shs
Average Volume6.76 million shs
Market Capitalization$2.68 billion
P/E Ratio4.26
Dividend Yield3.03%
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. 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
MGIC Investment logo

Beat the Market (BTM) Rank

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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.21 billion
Cash Flow$2.06 per share
Book Value$12.36 per share

Profitability

Net Income$673.76 million

Miscellaneous

Employees793
Market Cap$2.68 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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 (Coronavirus) 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.

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, July 28th 2020. View our earnings forecast for MGIC Investment.

How were MGIC Investment's earnings last quarter?

MGIC Investment Corp. (NYSE:MTG) released its earnings results on Thursday, May, 7th. The insurance provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The insurance provider had revenue of $306.90 million for the quarter, compared to the consensus estimate of $304.61 million. MGIC Investment had a return on equity of 15.88% and a net margin of 54.64%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. 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, April 24th. Investors 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.

How will MGIC Investment's stock buyback program work?

MGIC Investment declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 20th 2019, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

What price target have analysts set for MTG?

8 brokerages have issued 1 year 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 twelve months. This suggests a possible upside of 52.9% from the stock's current price. View analysts' price targets for MGIC Investment.

Has MGIC Investment been receiving favorable news coverage?

News coverage about MTG stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGIC Investment earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the insurance provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news about MGIC Investment.

Are investors shorting MGIC Investment?

MGIC Investment saw a increase in short interest in 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. Currently, 6.3% of the shares of the company are short sold. View MGIC Investment's Current Options Chain.

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), 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."

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 $7.92.

How big of a company is MGIC Investment?

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.

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 7/4/2020 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

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.