MGIC Investment (MTG) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MTG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTG, but not buy additional shares or sell existing shares.
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5 analysts have issued 12-month price objectives for MGIC Investment's stock. Their MTG share price targets range from $18.50 to $24.00. On average, they anticipate the company's share price to reach $21.08 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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MGIC Investment's stock was trading at $19.29 at the start of the year. Since then, MTG stock has increased by 1.2% and is now trading at $19.52.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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MGIC Investment will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

MGIC Investment Co. (NYSE:MTG) released its quarterly earnings results on Wednesday, January, 31st. The insurance provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. The insurance provider had revenue of $284.72 million for the quarter, compared to the consensus estimate of $302.96 million. MGIC Investment had a net margin of 61.72% and a trailing twelve-month return on equity of 14.82%.

MGIC Investment declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Thursday, February 15th will be paid a dividend of $0.115 per share on Tuesday, March 5th. This represents a $0.46 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for MTG.

MGIC Investment (NYSE:MTG) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.33%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTG will have a dividend payout ratio of 18.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTG.

ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include Adaptiv Select ETF (ADPV), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), The Acquirers Fund (ZIG), Ballast Small/Mid Cap ETF (MGMT), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Financial AlphaDEX Fund (FXO) and SPDR S&P Bank ETF (KBE).

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.

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).

MGIC Investment's stock is owned by a number of retail and institutional investors. Top institutional investors include Wealth Enhancement Advisory Services LLC (0.63%), Los Angeles Capital Management LLC (0.53%), Alaska Permanent Fund Corp (0.05%), DGS Capital Management LLC (0.03%), Bank of New Hampshire (0.03%) and CWM LLC (0.00%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner and James J Hughes.
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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.
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