Zacks Research Forecasts Lower Earnings for MGIC Investment

MGIC Investment Corporation (NYSE:MTG) – Research analysts at Zacks Research decreased their Q2 2026 earnings per share (EPS) estimates for MGIC Investment in a note issued to investors on Tuesday, August 19th. Zacks Research analyst Team now expects that the insurance provider will earn $0.76 per share for the quarter, down from their prior estimate of $0.80. The consensus estimate for MGIC Investment’s current full-year earnings is $2.71 per share. Zacks Research also issued estimates for MGIC Investment’s Q4 2026 earnings at $0.75 EPS.

MGIC Investment (NYSE:MTG) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $304.25 million during the quarter, compared to analyst estimates of $306.25 million. MGIC Investment had a return on equity of 14.73% and a net margin of 62.58%.MGIC Investment’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share.

MTG has been the subject of several other reports. Compass Point reiterated a “neutral” rating and set a $28.00 price objective (up from $27.00) on shares of MGIC Investment in a research note on Friday, May 23rd. Barclays increased their price objective on MGIC Investment from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective on MGIC Investment from $26.00 to $27.00 and gave the stock a “market perform” rating in a research note on Monday, July 7th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MGIC Investment presently has a consensus rating of “Reduce” and a consensus target price of $26.67.

MGIC Investment Stock Performance

MGIC Investment stock opened at $28.1450 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a fifty day moving average price of $26.79 and a two-hundred day moving average price of $25.50. MGIC Investment has a 52-week low of $21.94 and a 52-week high of $28.67. The firm has a market capitalization of $6.49 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.99 and a beta of 0.90.

MGIC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from MGIC Investment’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, August 7th. MGIC Investment’s dividend payout ratio is 19.67%.

Insider Activity

In other news, COO Salvatore A. Miosi sold 30,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $26.22, for a total value of $786,600.00. Following the completion of the sale, the chief operating officer directly owned 249,401 shares in the company, valued at approximately $6,539,294.22. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy J. Mattke sold 139,203 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $26.54, for a total value of $3,694,447.62. Following the completion of the sale, the chief executive officer owned 1,100,994 shares of the company’s stock, valued at approximately $29,220,380.76. This trade represents a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,203 shares of company stock worth $5,010,848. 1.05% of the stock is owned by corporate insiders.

Institutional Trading of MGIC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in MTG. Wells Fargo & Company MN increased its stake in shares of MGIC Investment by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 90,987 shares of the insurance provider’s stock valued at $2,157,000 after buying an additional 11,721 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in MGIC Investment by 5.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 74,279 shares of the insurance provider’s stock valued at $1,761,000 after acquiring an additional 3,715 shares during the last quarter. Raymond James Financial Inc. bought a new position in MGIC Investment in the fourth quarter valued at about $1,740,000. MetLife Investment Management LLC boosted its holdings in MGIC Investment by 6.7% in the fourth quarter. MetLife Investment Management LLC now owns 142,892 shares of the insurance provider’s stock valued at $3,388,000 after acquiring an additional 8,943 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in MGIC Investment by 2,492.3% in the fourth quarter. Hsbc Holdings PLC now owns 237,014 shares of the insurance provider’s stock valued at $5,633,000 after acquiring an additional 227,871 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors and hedge funds.

About MGIC Investment

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.