MGIC Investment (MTG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $23.38 to $23.69
• 50-Day Range: $23.32 to $26.39
• 52-Week Range: $18.68 to $26.56
• Volume: 1.27 million shs
• Average Volume: 1.75 million shs
• Market Capitalization: $6.00 billion
• P/E Ratio: 8.34
• Dividend Yield: 2.20%
• Price Target: $26.00
• Consensus Rating: Hold

MGIC Investment Stock Analysis - MarketRank™

MGIC Investment scored higher than 54% of companies evaluated by MarketBeat, and ranked 428th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

MGIC Investment has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

MGIC Investment has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -4.91%

Earnings Growth

Earnings for MGIC Investment are expected to decrease by -4.91% in the coming year, from $2.85 to $2.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MGIC Investment is 8.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of MGIC Investment is 8.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.98.

Price to Earnings Growth Ratio

MGIC Investment has a PEG Ratio of 1.75. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

MGIC Investment has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.80% of the float of MGIC Investment has been sold short.

Short Interest Ratio / Days to Cover

MGIC Investment has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in MGIC Investment has recently increased by 8.34%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

MGIC Investment pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MGIC Investment does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of MGIC Investment is 18.31%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 19.19% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -0.07

Percentage of Shares Shorted

3.80% of the float of MGIC Investment has been sold short.

Short Interest Ratio / Days to Cover

MGIC Investment has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in MGIC Investment has recently increased by 8.34%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.34

News Sentiment

MGIC Investment has a news sentiment score of 1.34. 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 0.71 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for MGIC Investment this week, compared to 5 articles on an average week.

Search Interest

4 people have searched for MTG on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

1 people have added MGIC Investment to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MGIC Investment insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.05% of the stock of MGIC Investment is held by insiders.

Percentage Held by Institutions

95.58% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MTG Stock Analysis - Frequently Asked Questions

How have MTG shares performed this year?

MGIC Investment's stock was trading at $19.29 at the start of the year. Since then, MTG stock has increased by 22.8% and is now trading at $23.68.
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 data on Monday, November, 4th. The insurance provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.66 by $0.11. MGIC Investment's revenue was up 3.4% on a year-over-year basis.

Who are MGIC Investment's major shareholders?

Top institutional shareholders of MGIC Investment include State Street Corp (3.59%), Wellington Management Group LLP (2.53%), Geode Capital Management LLC (1.81%) and Victory Capital Management Inc. (1.09%).
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 NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), General Electric (GE), Arista Networks (ANET), Advanced Micro Devices (AMD) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 11/04/2024
• Ex-Dividend for 11/21 Dividend: 11/07/2024
• Dividend Payable: 11/21/2024
• Today: 12/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Surety insurance
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NYSE:MTG
• CUSIP: 55284810
• CIK: 876437
• Web: mtg.mgic.com
• Phone: (414) 347-6480
• Fax: 414-347-6696
• Employees: 680
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $26.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +9.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.14
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.84
• Trailing P/E Ratio: 8.33
• Forward P/E Ratio: 8.30
• P/E Growth: 1.75
• Net Income: $712.95 million
• Net Margins: 64.09%
• Pretax Margin: 80.98%
• Return on Equity: 14.99%
• Return on Assets: 11.75%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 1.25
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $1.19 billion
• Price / Sales: 5.04
• Cash Flow: $2.64 per share
• Price / Cash Flow: 8.96
• Book Value: $18.29 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 253,365,000
• Free Float: 250,705,000
• Market Cap: $5.99 billion
• Optionable: Optionable
• Beta: 1.27