Zacks Research Lifts Earnings Estimates for MGIC Investment

MGIC Investment Corporation (NYSE:MTG) – Equities researchers at Zacks Research increased their FY2026 EPS estimates for MGIC Investment in a research report issued to clients and investors on Monday, October 27th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $3.04 for the year, up from their prior estimate of $3.00. 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 FY2027 earnings at $4.12 EPS.

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

MTG has been the topic of a number of other reports. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of MGIC Investment in a research note on Wednesday, October 8th. Barclays lifted their target price on shares of MGIC Investment from $27.00 to $28.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of MGIC Investment from $26.00 to $27.00 and gave the stock a “market perform” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.83.

MGIC Investment Trading Down 0.8%

Shares of MTG opened at $26.78 on Tuesday. The firm’s 50 day simple moving average is $27.77 and its 200 day simple moving average is $26.76. The company has a market capitalization of $6.17 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. MGIC Investment has a 1-year low of $21.94 and a 1-year high of $29.01.

MGIC Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%. MGIC Investment’s payout ratio is presently 19.67%.

Insider Activity

In other MGIC Investment news, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $28.15, for a total transaction of $844,500.00. Following the transaction, the chief operating officer owned 189,401 shares in the company, valued at approximately $5,331,638.15. This represents a 13.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Mattke sold 139,203 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $26.54, for a total transaction of $3,694,447.62. Following the transaction, the chief executive officer owned 1,100,994 shares in the company, valued at $29,220,380.76. This represents a 11.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 338,406 shares of company stock worth $9,096,557 in the last 90 days. Company insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On MGIC Investment

Several institutional investors have recently made changes to their positions in MTG. GAMMA Investing LLC lifted its stake in shares of MGIC Investment by 39.1% in the 1st quarter. GAMMA Investing LLC now owns 6,068 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 1,705 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of MGIC Investment by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 40,985 shares of the insurance provider’s stock valued at $1,016,000 after acquiring an additional 587 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of MGIC Investment by 7,837.0% during the 1st quarter. Golden State Wealth Management LLC now owns 2,143 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 2,116 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of MGIC Investment by 50.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,147 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 5,393 shares during the last quarter. Finally, KBC Group NV lifted its position in MGIC Investment by 10.2% in the first quarter. KBC Group NV now owns 11,417 shares of the insurance provider’s stock worth $283,000 after buying an additional 1,060 shares during the last quarter. Institutional investors own 95.58% of the company’s stock.

MGIC Investment Company Profile

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.