MGIC Investment (NYSE:MTG) Given New $28.00 Price Target at UBS Group

MGIC Investment (NYSE:MTG) had its target price lowered by UBS Group from $29.50 to $28.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the insurance provider’s stock.

A number of other research firms have also recently weighed in on MTG. Weiss Ratings cut MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. Barclays decreased their price objective on 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of MGIC Investment from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, MGIC Investment has an average rating of “Hold” and a consensus target price of $28.00.

MGIC Investment Stock Up 1.0%

MTG stock opened at $26.13 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.52 and a quick ratio of 1.52. The company’s 50 day simple moving average is $26.92 and its 200-day simple moving average is $27.72. MGIC Investment has a 12 month low of $21.94 and a 12 month high of $29.97. The firm has a market capitalization of $5.62 billion, a PE ratio of 8.32, a P/E/G ratio of 2.06 and a beta of 0.83.

MGIC Investment (NYSE:MTG) last issued its quarterly earnings data on Monday, February 2nd. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. MGIC Investment had a return on equity of 14.33% and a net margin of 60.84%.During the same quarter in the prior year, the company posted $0.72 earnings per share. MGIC Investment’s revenue was down .9% on a year-over-year basis. Equities analysts expect that MGIC Investment will post 2.71 earnings per share for the current fiscal year.

MGIC Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Tuesday, February 17th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.60 annualized dividend and a yield of 2.3%. MGIC Investment’s dividend payout ratio is 19.11%.

Insider Buying and Selling

In other news, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $27.27, for a total transaction of $818,100.00. Following the completion of the sale, the chief operating officer directly owned 454,245 shares in the company, valued at $12,387,261.15. This represents a 6.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy J. Mattke sold 139,203 shares of the stock in a transaction on Tuesday, January 13th. The stock was 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 directly 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. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 189,203 shares of company stock valued at $5,058,572. Insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On MGIC Investment

A number of large investors have recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in MGIC Investment during the third quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of MGIC Investment in the third quarter worth $28,000. SBI Securities Co. Ltd. increased its position in shares of MGIC Investment by 61.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,041 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 395 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of MGIC Investment in the 2nd quarter valued at $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of MGIC Investment by 118.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,308 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 708 shares during the period. 95.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting MGIC Investment

Here are the key news stories impacting MGIC Investment this week:

• Neutral Sentiment: UBS reduced its price target for MTG from $29.50 to $28.00 and set a “neutral” rating; the new PT still implies upside vs. current levels, so this is a mild cap on upside rather than a bearish call. UBS Lowers PT to $28
• Negative Sentiment: Zacks Research trimmed multiple EPS estimates across quarters and fiscal years, lowering Q1 2026 to $0.73 (from $0.74), Q2 2026 to $0.75 (from $0.76), Q1–Q3 2027 quarterlies modestly (e.g., Q1 2027 to $0.81 from $0.83; Q2 2027 to $0.86 from $0.87; Q3 2027 to $0.84), and cutting FY2026 to $3.10 (from $3.12) and FY2027 to $3.39 (from $3.42). These downward tweaks are small but signal slightly weaker near‑term earnings momentum that could weigh on sentiment. Zacks Lowers Estimates

About MGIC Investment

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.