MGIC Investment Corporation (MTG)

NYSE: MTG · IEX Real-Time Price · USD
14.52
0.00 (0.00%)
Aug 8, 2022 4:00 PM EDT - Market closed
0.00%
Market Cap 4.41B
Revenue (ttm) 1.18B
Net Income (ttm) 756.19M
Shares Out 303.44M
EPS (ttm) 1.96
PE Ratio 7.41
Forward PE 6.82
Dividend $0.34 (2.34%)
Ex-Dividend Date Aug 10, 2022
Volume 1,870,097
Open 14.71
Previous Close 14.52
Day's Range 14.46 - 14.81
52-Week Range 11.38 - 16.85
Beta 1.47
Analysts Buy
Price Target 18.30 (+26.0%)
Earnings Date Aug 3, 2022

About MTG

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, 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. It also provides contract underwriting services,... [Read more...]

Industry Thrifts & Mortgage Finance
IPO Date Aug 6, 1991
CEO Timothy Mattke
Employees 711
Stock Exchange NYSE
Ticker Symbol MTG
Full Company Profile

Financial Performance

In 2021, MTG's revenue was $1.19 billion, a decrease of -1.12% compared to the previous year's $1.20 billion. Earnings were $634.98 million, an increase of 42.34%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for MTG stock is "Buy." The 12-month stock price forecast is 18.3, which is an increase of 26.03% from the latest price.

Price Target
$18.3
(26.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Shreyans Jain and Richard Chang Join MGIC; Officer Promotions Announced

MILWAUKEE , Aug. 8, 2022 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced that Shreyans Jain and Richa...

Are Investors Undervaluing MGIC Investment (MTG) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

How Much Upside is Left in MGIC (MTG)? Wall Street Analysts Think 27%

The consensus price target hints at a 27.4% upside potential for MGIC (MTG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisi...

Best Momentum Stocks to Buy for August 5th

POR, ANET and MTG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 5, 2022.

Other symbols: ANETPOR

Best Value Stocks to Buy for August 5th

SU, MTG and TITN made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 5, 2022.

Other symbols: SUTITN

Best Growth Stocks to Buy for August 5th

MTG, CSL and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 5, 2022.

Other symbols: CSLMPC

Best Income Stocks to Buy for August 5th

SU, POR, and MTG made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 5, 2022.

Other symbols: PORSU

MGIC Investment (MTG) Q2 Earnings Top, Revenues Miss Estimates

MGIC Investment (MTG) Q2 results reflect higher premiums, partially offset by higher expenses

MGIC Investment (MTG) Surpasses Q2 Earnings Estimates

MGIC (MTG) delivered earnings and revenue surprises of 50% and 2.66%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

MGIC Investment Corporation Reports Second Quarter 2022 Results

Second Quarter 2022 Net Income of $249.3 million or $0.80 per Diluted Share Second Quarter 2022 Adjusted Net Operating Income (Non-GAAP) of $254.4 million or $0.81 per Diluted Share MILWAUKEE , Aug. 3, ...

MGIC Investment Announces Quarterly Dividend of $0.10 Per Share

MILWAUKEE , July 28, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.10 per share payable on August 25, 2022, ...

MGIC Investment Corporation Schedules 2nd Quarter 2022 Earnings Call

MILWAUKEE , July 8, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2022 financial results after the market closes on Wednesday August 3, 2...

Here's Why Investing in MGIC Investment (MTG) is Prudent Now

MGIC Investment (MTG) is poised to gain from a favorable loss reserve development, higher consolidated investment portfolio and investment yields and effective capital deployment.

6 Standout Financial Stocks Selling Below Their Book Value

These six financial stocks are selling below their book value and are cheap stocks for value investors seeking a bargain. The post 6 Standout Financial Stocks Selling Below Their Book Value appeared fir...

Other symbols: AGOAIGCNECBPRU

Is MGIC Investment (MTG) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

MGIC Investment Corporation Announces Redemption of Outstanding 5.750% Senior Notes due 2023

MILWAUKEE , June 14, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced that it is exercising its option to redeem all of its outstanding 5.75% Senior Notes due 2023 (the "Note...

3 Reasons Why MGIC (MTG) Is a Great Growth Stock

MGIC (MTG) possesses solid growth attributes, which could help it handily outperform the market.

Wall Street Analysts Believe MGIC (MTG) Could Rally 32%: Here's is How to Trade

The mean of analysts' price targets for MGIC (MTG) points to a 32.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in ra...

MGIC Investment (MTG) is a Top-Ranked Growth Stock: Should You Buy?

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MGIC (MTG) Up 3.6% Since Last Earnings Report: Can It Continue?

MGIC (MTG) reported earnings 30 days ago. What's next for the stock?

Reasons Why MGIC Investment (MTG) Stock is a Solid Pick Now

MGIC Investment (MTG) is poised to gain from a higher investment yield, higher premium yield, decreased ceded premiums and effective capital deployment.

Is MGIC Investment (MTG) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

Is MGIC (MTG) a Solid Growth Stock? 3 Reasons to Think " Yes "

MGIC (MTG) could produce exceptional returns because of its solid growth attributes.

Wall Street Analysts Believe MGIC (MTG) Could Rally 38%: Here's is How to Trade

The consensus price target hints at a 38.3% upside potential for MGIC (MTG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisi...

MGIC Investment (MTG) is a Top-Ranked Value Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.