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: $24.13 to $24.43
• 50-Day Range: $22.48 to $25.71
• 52-Week Range: $19.26 to $26.56
• Volume: 307,368 shs
• Average Volume: 1.71 million shs
• Market Capitalization: $5.91 billion
• P/E Ratio: 8.40
• Dividend Yield: 2.13%
• Price Target: $26.75
• Consensus Rating: Hold

MGIC Investment Stock Analysis - MarketRank™

MGIC Investment scored higher than 58% of companies evaluated by MarketBeat, and ranked 431st out of 939 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 2.13, and is based on 2 buy ratings, 5 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: 1.9 / 5
• Proj. Earnings Growth: 3.69%

Earnings Growth

Earnings for MGIC Investment are expected to grow by 3.69% in the coming year, from $2.71 to $2.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MGIC Investment is 8.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of MGIC Investment is 8.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.98.

Price to Book Value per Share Ratio

MGIC Investment has a P/B Ratio of 1.19. 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

4.89% 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 6.8.

Change versus previous month

Short interest in MGIC Investment has recently increased by 17.78%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

MGIC Investment pays a meaningful dividend of 2.19%, 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 17.93%. 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 18.51% 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

4.89% 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 6.8.

Change versus previous month

Short interest in MGIC Investment has recently increased by 17.78%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.13

News Sentiment

MGIC Investment has a news sentiment score of 1.13. 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 0.94 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for MGIC Investment this week, compared to 5 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, MGIC Investment insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $112,930.00 in 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 $23.71 on January 1st, 2025. Since then, MTG shares have increased by 2.8% and is now trading at $24.3770.
View the best growth stocks for 2025 here.

How were MGIC Investment's earnings last quarter?

MGIC Investment Co. (NYSE:MTG) posted its quarterly earnings results on Monday, February, 3rd. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.07. MGIC Investment had a net margin of 63.18% and a trailing twelve-month return on equity of 14.86%.

Who are MGIC Investment's major shareholders?

MGIC Investment's top institutional investors include Vanguard Group Inc. (13.55%), First Trust Advisors LP (6.32%), JPMorgan Chase & Co. (6.09%) and Dimensional Fund Advisors LP (5.87%). Insiders that own company stock include Julie K Sperber and Gary A Poliner.
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.

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: 2/03/2025
• Ex-Dividend for 3/5 Dividend: 2/18/2025
• Dividend Payable: 3/05/2025
• Today: 3/25/2025
• Next Earnings (Estimated): 4/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Surety insurance
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NYSE:MTG
• 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: $26.75
• High Stock Price Target: $30.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +11.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.90
• Trailing P/E Ratio: 8.30
• Forward P/E Ratio: 8.88
• P/E Growth: N/A
• Net Income: $762.99 million
• Net Margins: 63.18%
• Pretax Margin: 80.21%
• Return on Equity: 14.86%
• Return on Assets: 11.69%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 0.48
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $1.21 billion
• Price / Sales: 4.84
• Cash Flow: $2.70 per share
• Price / Cash Flow: 8.91
• Book Value: $20.42 per share
• Price / Book: 1.18

Miscellaneous

• Outstanding Shares: 242,707,000
• Free Float: 250,705,000
• Market Cap: $5.84 billion
• Optionable: Optionable
• Beta: 1.28