NYSE:MTG MGIC Investment (MTG) Stock Price, News & Analysis $24.91 -0.17 (-0.68%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$24.85▼$25.4450-Day Range$21.29▼$25.5252-Week Range$16.30▼$25.93Volume1.17 million shsAverage Volume1.81 million shsMarket Capitalization$6.64 billionP/E Ratio9.58Dividend Yield2.09%Price Target$24.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get MGIC Investment alerts: Email Address MGIC Investment MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside2.3% Downside$24.33 Price TargetShort InterestHealthy3.71% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment1.18Based on 7 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.81 out of 5 starsFinance Sector494th out of 871 stocksSurety Insurance Industry6th out of 8 stocks 1.3 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageMGIC Investment has only been the subject of 3 research reports in the past 90 days.Read more about MGIC Investment's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.71% of the float of MGIC Investment has been sold short.Short Interest Ratio / Days to CoverMGIC Investment has a short interest ratio ("days to cover") of 5.8.Change versus previous monthShort interest in MGIC Investment has recently decreased by 2.27%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of MGIC Investment is 20.00%. 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 18.84% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.Read more about MGIC Investment's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGIC Investment has received a -130.12% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Private mortgage insurances" product. See details.Environmental SustainabilityThe Environmental Impact score for MGIC Investment is -0.07. Previous Next 4.0 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for MGIC Investment this week, compared to 4 articles on an average week.Search Interest1 people have searched for MTG on MarketBeat in the last 30 days. MarketBeat Follows3 people have added MGIC Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGIC Investment insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.05% of the stock of MGIC Investment is held by insiders.Percentage Held by Institutions95.58% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about MGIC Investment's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to remain at $2.76 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 9.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.70.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 9.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.89.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.35. 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 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about MGIC Investment's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe death of Nvidia?Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.So go here now to read my new report The Big AI Die-Up… while you still can. About MGIC Investment Stock (NYSE:MTG)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 District of Columbia, 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 pool insurance for secondary market mortgage transactions; and contract underwriting 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 MTG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTG Stock News HeadlinesSeptember 6 at 8:39 AM | americanbankingnews.comMGIC Investment Co. (NYSE:MTG) Receives Average Rating of "Moderate Buy" from AnalystsSeptember 1, 2024 | finance.yahoo.comMGIC Investment Corporation (MTG)September 7, 2024 | Porter & Company (Ad)The death of Nvidia?Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.August 29, 2024 | fortune.comMGIC Investment CorporationAugust 21, 2024 | prnewswire.comMGIC Comments on the Recently Adopted PMIERs UpdatesAugust 15, 2024 | forbes.comUpdate: MGIC, August 14August 14, 2024 | seekingalpha.comMagic Software Enterprises Ltd. (MGIC) Q2 2024 Earnings Call TranscriptAugust 14, 2024 | finance.yahoo.comAt US$10.33, Is It Time To Put Magic Software Enterprises Ltd. (NASDAQ:MGIC) On Your Watch List?September 7, 2024 | Porter & Company (Ad)The death of Nvidia?Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.August 8, 2024 | investing.comMGIC Investment (MTG) Earnings Dates & ReportsAugust 3, 2024 | finance.yahoo.comMGIC Investment Second Quarter 2024 Earnings: Beats ExpectationsAugust 3, 2024 | finance.yahoo.comResults: MGIC Investment Corporation Beat Earnings Expectations And Analysts Now Have New ForecastsAugust 2, 2024 | gurufocus.comQ2 2024 MGIC Investment Corp Earnings Call TranscriptAugust 2, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Financial Stocks: Marathon Digital Holdings (MARA), Hercules Capital (HTGC) and MGIC Investment (MTG)August 2, 2024 | insidermonkey.comMGIC Investment Corporation (NYSE:MTG) Q2 2024 Earnings Call TranscriptAugust 1, 2024 | seekingalpha.comMGIC Investment Corporation 2024 Q2 - Results - Earnings Call PresentationJuly 31, 2024 | gurufocus.comMGIC Investment Corp (MTG) Q2 2024 Earnings: EPS of $0.77 Beats Estimates, Revenue Hits $305. ...July 31, 2024 | prnewswire.comMGIC Investment Corporation Reports Second Quarter 2024 ResultsSee More Headlines Receive MTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGIC Investment and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/31/2024Ex-Dividend for 8/22 Dividend8/08/2024Dividend Payable8/22/2024Today9/07/2024Next Earnings (Estimated)10/29/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Surety insurance Sub-IndustryThrifts & Mortgage Finance Current SymbolNYSE:MTG CUSIP55284810 CIK876437 Webmtg.mgic.com Phone(414) 347-6480Fax414-347-6696Employees680Year FoundedN/APrice Target and Rating Average Stock Price Target$24.33 High Stock Price Target$30.00 Low Stock Price Target$21.00 Potential Upside/Downside-2.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.60 Trailing P/E Ratio9.58 Forward P/E Ratio9.03 P/E Growth1.35Net Income$712.95 million Net Margins63.19% Pretax Margin79.99% Return on Equity14.97% Return on Assets11.63% Debt Debt-to-Equity Ratio0.13 Current Ratio1.11 Quick Ratio1.11 Sales & Book Value Annual Sales$1.18 billion Price / Sales5.63 Cash Flow$2.68 per share Price / Cash Flow9.28 Book Value$19.74 per share Price / Book1.26Miscellaneous Outstanding Shares266,587,000Free Float263,788,000Market Cap$6.64 billion OptionableOptionable Beta1.28 Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. Timothy James Mattke (Age 48)CEO & Director Comp: $2.74MMr. Salvatore Antonino Miosi (Age 56)President & COO Comp: $1.9MMr. Nathaniel Howe Colson (Age 40)Executive VP & CFO Comp: $1.15MMs. Paula Christine Maggio (Age 55)Executive VP, General Counsel & Secretary Comp: $1.36MMs. Julie Kay Sperber (Age 50)VP, Controller & Chief Accounting Officer Ms. Dianna L. HigginsSenior Vice President of Investor RelationsMr. Danny Garcia-VelezSenior Vice President of Sales & Business DevelopmentMs. Annette M. AdamsSenior VP & Chief Human Resources Officer of MGICMr. Robert J. Candelmo (Age 60)Senior VP & Chief Information Officer of MGIC Mr. Shreyans JainSenior Vice President of Mortgage Risk AnalyticsMore ExecutivesKey CompetitorsRadian GroupNYSE:RDNNew York Community BancorpNYSE:NYCBTFS FinancialNASDAQ:TFSLWalker & DunlopNYSE:WDSimply Good FoodsNASDAQ:SMPLView All CompetitorsInstitutional OwnershipSanctuary Advisors LLCBought 30,380 shares on 9/5/2024Ownership: 0.011%Clearbridge Investments LLCSold 823,224 shares on 8/27/2024Ownership: 1.945%Teachers Retirement System of The State of KentuckySold 11,492 shares on 8/26/2024Ownership: 0.069%Truist Financial CorpSold 16,689 shares on 8/21/2024Ownership: 0.023%Twin Lakes Capital Management LLCSold 1,280 shares on 8/16/2024Ownership: 0.011%View All Institutional Transactions MTG Stock Analysis - Frequently Asked Questions How have MTG shares performed this year? MGIC Investment's stock was trading at $19.29 at the beginning of 2024. Since then, MTG shares have increased by 29.1% and is now trading at $24.91. View the best growth stocks for 2024 here. How were MGIC Investment's earnings last quarter? MGIC Investment Co. (NYSE:MTG) issued its quarterly earnings results on Wednesday, July, 31st. The insurance provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.15. The company's revenue was up 5.0% on a year-over-year basis. What is Tim Mattke's approval rating as MGIC Investment's CEO? 1 employees have rated MGIC Investment Chief Executive Officer Tim Mattke on Glassdoor.com. Tim Mattke has an approval rating of 100% among the company's employees. This puts Tim Mattke in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. Who are MGIC Investment's major shareholders? Top institutional shareholders of MGIC Investment include Dimensional Fund Advisors LP (5.68%), LSV Asset Management (4.01%), Clearbridge Investments LLC (1.94%) and American Century Companies Inc. (1.27%). Insiders that own company stock include Gary A Poliner and Daniel A Arrigoni. View institutional ownership trends. How do I buy shares of MGIC Investment? Shares of MTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of MGIC Investment own? Based on aggregate information from My MarketBeat watchlists, some other companies that MGIC Investment investors own include Oclaro (OCLR), Amarin (AMRN), Ford Motor (F), Radian Group (RDN), AT&T (T), Bank of America (BAC) and Energy Transfer (ET). This page (NYSE:MTG) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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