NYSE:MTG MGIC Investment (MTG) Stock Price, News & Analysis → Your $200 account credit is about to expire (From MarketBeat) (Ad) Free MTG Stock Alerts $22.34 +0.21 (+0.95%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$22.15▼$22.4350-Day Range$18.94▼$22.1352-Week Range$13.07▼$22.43Volume1.81 million shsAverage Volume2.09 million shsMarket Capitalization$6.03 billionP/E Ratio8.97Dividend Yield2.06%Price Target$20.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get MGIC Investment alerts: Email Address MGIC Investment MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside8.3% Downside$20.50 Price TargetShort InterestHealthy3.70% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.07Upright™ Environmental ScoreNews Sentiment0.86Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth4.12%From $2.43 to $2.53 Per ShareSee 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.2.99 out of 5 starsFinance Sector465th out of 846 stocksSurety Insurance Industry5th out of 8 stocks 1.2 Analyst's Opinion Consensus RatingMGIC Investment has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.50, MGIC Investment has a forecasted downside of 8.3% from its current price of $22.35.Amount of Analyst CoverageMGIC Investment has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.70% 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 4.9.Change versus previous monthShort interest in MGIC Investment has recently decreased by 3.81%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldMGIC Investment pays a meaningful dividend of 2.12%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGIC Investment has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of MGIC Investment is 18.47%. 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 18.18% next year. This indicates that MGIC Investment will be able to sustain or increase its 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 3.3 News and Social Media Coverage News SentimentMGIC Investment has a news sentiment score of 0.86. 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 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for MGIC Investment this week, compared to 4 articles on an average week.Search Interest6 people have searched for MTG on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows3 people have added MGIC Investment to their MarketBeat watchlist in the last 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for MGIC Investment are expected to grow by 4.12% in the coming year, from $2.43 to $2.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGIC Investment is 8.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.41.Price to Earnings Ratio vs. SectorThe P/E ratio of MGIC Investment is 8.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.11.Price to Earnings Growth RatioMGIC Investment has a PEG Ratio of 1.79. 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 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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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 HeadlinesMarch 15, 2024 | markets.businessinsider.comKBW Reaffirms Their Buy Rating on MGIC Investment (MTG)February 23, 2024 | finance.yahoo.comInside Vanguard’s Picks: 3 Must-Buy Stocks From AI-Enhanced FundsMarch 28, 2024 | Crypto Swap Profits (Ad)Grab Your Free Bitcoin Today!And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.February 22, 2024 | msn.comRocket Companies earnings flatline again in Q4, topping consensusFebruary 22, 2024 | markets.businessinsider.comBuy Rating Affirmed for MGIC Investment Corp. on Strong Market Position and Attractive ValuationFebruary 15, 2024 | investorplace.comInside Vanguard's Picks: 3 Must-Buy Stocks From AI-Enhanced FundsFebruary 8, 2024 | finance.yahoo.comRadian Group (RDN) Q4 Earnings Top, Revenues Rise Y/YFebruary 8, 2024 | finance.yahoo.comEverest Group (EG) Q4 Earnings Beat on Improved PremiumsMarch 28, 2024 | Crypto 101 Media (Ad)SHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. 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February 5, 2024 | seekingalpha.comMGIC Investment: Strong Company At A Fair Price (Rating Downgrade)February 4, 2024 | seekingalpha.comBuy MGIC - Slow, Steady And Still CheapFebruary 3, 2024 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Just Reported And Analysts Have Been Lifting Their Price TargetsFebruary 2, 2024 | markets.businessinsider.comBuy Rating on MGIC Investment’s Stock: Strong Earnings and Strategic Capital Management Drive Positive OutlookFebruary 2, 2024 | markets.businessinsider.comThese Analysts Increase Their Forecasts On MGIC Investment Following Q4 ResultsFebruary 2, 2024 | finance.yahoo.comMGIC (MTG) Upgraded to Strong Buy: What Does It Mean for the Stock?February 2, 2024 | finance.yahoo.comMGIC Investment Corporation (NYSE:MTG) Q4 2023 Earnings Call TranscriptFebruary 2, 2024 | finance.yahoo.comQ4 2023 MGIC Investment Corp Earnings CallFebruary 1, 2024 | finance.yahoo.comMGIC Investment (MTG) Q4 Earnings Top Estimates, Revenues LagFebruary 1, 2024 | finance.yahoo.comMGIC Investment Corp (MTG) Reports Strong Q4 and Full Year 2023 ResultsFebruary 1, 2024 | seekingalpha.comMGIC Investment Corporation 2024 Q4 - Results - Earnings Call PresentationFebruary 1, 2024 | msn.comMGIC Investment Non-GAAP EPS of $0.67 beats by $0.09, revenue of $284M misses by $8.6MJanuary 31, 2024 | finance.yahoo.comCompared to Estimates, MGIC (MTG) Q4 Earnings: A Look at Key MetricsJanuary 31, 2024 | benzinga.comRecap: MGIC Investment Q4 EarningsJanuary 31, 2024 | finance.yahoo.comMGIC Investment Corporation Reports Fourth Quarter 2023 ResultsJanuary 30, 2024 | benzinga.comEarnings Preview For MGIC InvestmentJanuary 30, 2024 | finance.yahoo.comInsurance Stocks' Q4 Earnings Due on Jan 31: AFL, MET & MoreJanuary 29, 2024 | finance.yahoo.comMGIC (MTG) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance MeasuresSee 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 Earnings1/31/2024Ex-Dividend for 3/5 Dividend2/14/2024Dividend Payable3/05/2024Today3/28/2024Next Earnings (Estimated)5/01/2024Fiscal 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) 347-6480Fax414-347-6696Employees627Year FoundedN/APrice Target and Rating Average Stock Price Target$20.50 High Stock Price Target$24.00 Low Stock Price Target$18.50 Potential Upside/Downside-8.3%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.49 Trailing P/E Ratio8.97 Forward P/E Ratio9.20 P/E Growth1.79Net Income$712.95 million Net Margins61.72% Pretax Margin78.11% Return on Equity14.82% Return on Assets11.33% Debt Debt-to-Equity Ratio0.13 Current Ratio0.98 Quick Ratio0.98 Sales & Book Value Annual Sales$1.16 billion Price / Sales5.22 Cash Flow$2.81 per share Price / Cash Flow7.94 Book Value$18.29 per share Price / Book1.22Miscellaneous Outstanding Shares269,670,000Free Float266,838,000Market Cap$6.03 billion OptionableOptionable Beta1.23 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Timothy James Mattke (Age 48)CEO & Director Comp: $2.89MMr. Salvatore Antonino Miosi (Age 56)President & COO Comp: $2.05MMr. Nathaniel Howe Colson (Age 40)Executive VP & CFO Comp: $1.19MMs. Paula Christine Maggio (Age 55)Executive VP, General Counsel & Secretary Comp: $1.43MMs. 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. Steven Mark Thompson (Age 61)Executive VP & Chief Risk Officer of MGIC Mr. Robert J. Candelmo (Age 60)Senior VP & Chief Information Officer of MGIC More ExecutivesKey CompetitorsRadian GroupNYSE:RDNEssent GroupNYSE:ESNTAssured GuarantyNYSE:AGOOld Republic InternationalNYSE:ORINMINASDAQ:NMIHView All CompetitorsInstitutional OwnershipVanguard Group Inc.Sold 654,107 shares on 3/11/2024Ownership: 14.425%Wellington Management Group LLPSold 980,230 shares on 3/5/2024Ownership: 3.513%Goldman Sachs Group Inc.Sold 411,501 shares on 3/1/2024Ownership: 1.415%American International Group Inc.Sold 23,214 shares on 2/28/2024Ownership: 0.139%Teachers Retirement System of The State of KentuckySold 10,362 shares on 2/26/2024Ownership: 0.090%View All Institutional Transactions MTG Stock Analysis - Frequently Asked Questions Should I buy or sell MGIC Investment stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGIC Investment in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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. View MTG analyst ratings or view top-rated stocks. What is MGIC Investment's stock price target for 2024? 5 Wall Street research analysts have issued 1 year price objectives for MGIC Investment's stock. Their MTG share price targets range from $18.50 to $24.00. On average, they predict the company's share price to reach $20.50 in the next year. This suggests that the stock has a possible downside of 8.3%. View analysts price targets for MTG or view top-rated stocks among Wall Street analysts. How have MTG shares performed in 2024? MGIC Investment's stock was trading at $19.29 at the beginning of 2024. Since then, MTG stock has increased by 15.8% and is now trading at $22.3450. View the best growth stocks for 2024 here. When is MGIC Investment's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our MTG earnings forecast. How were MGIC Investment's earnings last quarter? MGIC Investment Co. (NYSE:MTG) announced its quarterly earnings results on Wednesday, January, 31st. The insurance provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The insurance provider earned $284.72 million during the quarter, compared to analyst estimates of $302.96 million. MGIC Investment had a net margin of 61.72% and a trailing twelve-month return on equity of 14.82%. How often does MGIC Investment pay dividends? What is the dividend yield for MGIC Investment? MGIC Investment declared a quarterly dividend on Tuesday, January 23rd. Stockholders of record on Thursday, February 15th will be given a dividend of $0.115 per share on Tuesday, March 5th. This represents a $0.46 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, February 14th. Read our dividend analysis for MTG. Is MGIC Investment a good dividend stock? MGIC Investment (NYSE:MTG) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.12%. 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. What ETFs hold MGIC Investment's stock? ETFs with the largest weight of MGIC Investment (NYSE:MTG) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), 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), Invesco Dorsey Wright Financial Momentum ETF (PFI), SPDR S&P Bank ETF (KBE) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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. 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), 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). Who are MGIC Investment's major shareholders? MGIC Investment's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.03%), Vanguard Group Inc. (14.42%), Dimensional Fund Advisors LP (5.20%), First Trust Advisors LP (4.35%), LSV Asset Management (3.90%) and Wellington Management Group LLP (3.51%). Insiders that own company stock include Daniel A Arrigoni, Gary A Poliner and James J Hughes. 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. This page (NYSE:MTG) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill Publishing“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryFed launches fourth dollar overhaulStansberry ResearchBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the MarketsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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