MGIC Investment Q1 EPS Forecast Decreased by Zacks Research

MGIC Investment Corporation (NYSE:MTG) – Zacks Research lowered their Q1 2027 earnings per share estimates for MGIC Investment in a research note issued on Monday, February 23rd. Zacks Research analyst Team now expects that the insurance provider will earn $0.83 per share for the quarter, down from their previous estimate of $0.84. 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 Q2 2027 earnings at $0.87 EPS, Q3 2027 earnings at $0.85 EPS, Q4 2027 earnings at $0.87 EPS, FY2027 earnings at $3.42 EPS and FY2028 earnings at $3.63 EPS.

MGIC Investment (NYSE:MTG) last released its quarterly earnings results on Monday, February 2nd. The insurance provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. MGIC Investment had a return on equity of 14.33% and a net margin of 60.84%.The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS.

Several other equities analysts have also commented on MTG. Barclays dropped their price target on shares of MGIC Investment from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods lifted their price target on shares of MGIC Investment from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings cut shares of MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, MGIC Investment has a consensus rating of “Hold” and an average price target of $28.00.

MGIC Investment Stock Performance

Shares of MGIC Investment stock opened at $26.51 on Wednesday. The business has a 50-day simple moving average of $27.59 and a 200-day simple moving average of $27.80. The company has a market cap of $5.93 billion, a PE ratio of 8.44, a P/E/G ratio of 2.07 and a beta of 0.83. MGIC Investment has a one year low of $21.94 and a one year high of $29.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.48 and a current ratio of 0.78.

Hedge Funds Weigh In On MGIC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of MGIC Investment by 262.5% in the 2nd quarter. True Wealth Design LLC now owns 1,004 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 727 shares during the period. Alpine Bank Wealth Management purchased a new position in MGIC Investment during the third quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new stake in MGIC Investment in the third quarter valued at about $28,000. Hantz Financial Services Inc. boosted its holdings in MGIC Investment by 3,067.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,077 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 1,043 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in MGIC Investment by 61.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,041 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 395 shares in the last quarter. 95.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other MGIC Investment news, EVP Paula C. Maggio sold 20,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $27.51, for a total transaction of $550,200.00. Following the completion of the sale, the executive vice president directly owned 114,689 shares of the company’s stock, valued at approximately $3,155,094.39. This trade represents a 14.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Mattke sold 139,203 shares of MGIC Investment stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $26.51, for a total value of $3,690,271.53. Following the completion of the transaction, the chief executive officer owned 822,588 shares in the company, valued at $21,806,807.88. This trade represents a 14.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 189,203 shares of company stock valued at $5,058,572. Insiders own 1.05% of the company’s stock.

MGIC Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. MGIC Investment’s payout ratio is currently 19.11%.

MGIC Investment Company Profile

MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.