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MGIC Investment Corporation (MTG)

Stock Price: $12.87 USD 0.08 (0.63%)
Updated Feb 24, 2021 4:00 PM EST - Market closed
Market Cap 4.36B
Revenue (ttm) 1.20B
Net Income (ttm) 446.09M
Shares Out 339.95M
EPS (ttm) 1.35
PE Ratio 9.53
Forward PE 7.67
Dividend $0.24
Dividend Yield 1.86%
Trading Day February 24
Last Price $12.87
Previous Close $12.79
Change ($) 0.08
Change (%) 0.63%
Day's Open 12.67
Day's Range 12.48 - 12.95
Day's Volume 4,251,682
52-Week Range 4.25 - 13.83

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Zacks Investment Research - 21 hours ago

MGIC Investment's (MTG) Q4 results reflect strength of the purchase mortgage market and the refinance market as well as the company's solid market presence.

Benzinga - 1 day ago

Shares of MGIC Investment (NYSE:MTG) fellĀ in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 12.24% year over year to $0.43, which beat th...

PRNewsWire - 1 day ago

MILWAUKEE, Feb. 23, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2020. Net income for the quarter was $...

Benzinga - 2 days ago

On Tuesday, February 23, MGIC Investment (NYSE:MTG) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

PRNewsWire - 2 weeks ago

MILWAUKEE, Feb. 8, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of the primary mortgage insurance of its insurance subsidiaries for the mont...

Seeking Alpha - 3 weeks ago

MGIC has net cash of $16.25. Its $239 billion of mortgage insurance in force is worth another at least $3 per share.

PRNewsWire - 4 weeks ago

MILWAUKEE, Jan. 27, 2021 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of G...

Zacks Investment Research - 1 month ago

MGIC Investment (MTG) is poised to grow given its strong persistency, higher average investment portfolio balance and financial flexibility.

PRNewsWire - 1 month ago

MILWAUKEE, Jan. 11, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2020 financial results after the market closes on Tuesday, Fe...

Investors Business Daily - 2 months ago

A Relative Strength Rating upgrade for MGIC Investment shows improving technical performance. Will it continue?

Zacks Investment Research - 2 months ago

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

PRNewsWire - 3 months ago

MILWAUKEE, Nov. 24, 2020 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG) announced today that it is fully integrated with Lender Price, a leading cloud-based product...

PRNewsWire - 3 months ago

MILWAUKEE, Nov. 18, 2020 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG) and Mortgage Coach, an industry-leading loan officer presentation solution, jointly announce...

Zacks Investment Research - 3 months ago

MGIC Investment (MTG) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

Seeking Alpha - 3 months ago

MGIC earned $0.43 in operating EPS for Q3, beating estimates. Investors continue to underestimate the substantial reductions in MGIC's credit risk exposure.

Seeking Alpha - 3 months ago

MGIC Investment's (MTG) CEO Tim Mattke on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

MGIC's (MTG) Q3 results reflect strength of the purchase mortgage market and the refinance market but lower annual persistency and increase in primary delinquency inventory.

PRNewsWire - 3 months ago

MILWAUKEE, Nov. 4, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2020. Net income for the quarter was $13...

Insider Monkey - 3 months ago

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail i...

Zacks Investment Research - 3 months ago

6 Multiline Insurers to Watch Out for Amid Operational Challenges

Other stocks mentioned: CI, CNO, HMN, MET, ORI
PRNewsWire - 3 months ago

MILWAUKEE, Oct. 30, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced that Lisa Pendergast, who has been with the Company since 1998 and currently serves as Vice Pre...

PRNewsWire - 3 months ago

MILWAUKEE, Oct. 29, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced Analisa M. Allen has been elected to the Board of Directors for MGIC Investment Corporation and...

PRNewsWire - 3 months ago

MILWAUKEE, Oct. 29, 2020 /PRNewswire/ -- The Board of Directors of MGIC Investment Corporation (NYSE:MTG) today declared a quarterly cash dividend of $0.06 per share. The dividend is payable o...

PRNewsWire - 4 months ago

MILWAUKEE, Oct. 8, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its 3rd quarter 2020 financial results after the market closes on Wednesday Novem...

PRNewsWire - 5 months ago

MILWAUKEE, Sept. 9, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced today that the company's Chief Executive Officer, Timothy Mattke, will present at the Barclays Global...

PRNewsWire - 5 months ago

MILWAUKEE, Sept. 9, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of its insurance subsidiaries for the month of August 2020 for their primar...

Zacks Investment Research - 5 months ago

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

Seeking Alpha - 6 months ago

While housing stocks homebuilders and online realtors have done well this year, mortgage insurers - MIs - have been poor performers.

Other stocks mentioned: DHI, ESNT, KBH, NMIH, PHM, RDFN, RDN, Z, ZG
Zacks Investment Research - 6 months ago

MGIC Investment (MTG) displays prudence by issuing senior notes amid a low interest rate environment to procure funds.

PRNewsWire - 6 months ago

MILWAUKEE, Aug. 12, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) (the "Company") announced today that it completed the public offering and sale of $650 million in aggregate pri...

Zacks Investment Research - 6 months ago

MGIC Investment's (MTG) subsidiary brings MGIC PMI to credit unions in collaboration with CUNA Mutual Group

Zacks Investment Research - 6 months ago

MGIC Investment's (MTG) second-quarter 2020 results reflect higher insurance in force, offset by lower revenues and increase in primary delinquency loans.

PRNewsWire - 6 months ago

MILWAUKEE, Aug. 6, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) (the "Company") today announced that it has commenced a cash tender offer (the "Tender Offer") to purchase any a...

PRNewsWire - 6 months ago

MILWAUKEE, Aug. 6, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) (the "Company") announced today that it has commenced a public offering of its Senior Notes due 2028.

Seeking Alpha - 6 months ago

MGIC Investment Corp (MTG) CEO Timothy Mattke on Q2 2020 Results - Earnings Call Transcript

PRNewsWire - 6 months ago

MILWAUKEE, Aug. 4, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the second quarter of 2020.

PRNewsWire - 6 months ago

MILWAUKEE, Aug. 3, 2020 /PRNewswire/ -- MGIC Investment Corporation (MTG) announced today that, in accordance with Section I(E)(1) of the company's Corporate Governance Guidelines, Kenneth M.

PRNewsWire - 7 months ago

MILWAUKEE, July 8, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its 2nd quarter 2020 financial results before the market opens on Wednesday Augus...

Zacks Investment Research - 7 months ago

Is MGIC Investment Corporation (MTG) a great pick from the value investor's perspective right now? Read on to know more.

Zacks Investment Research - 7 months ago

MGIC Investment (MTG) is poised to grow given its improved premium, solid new business written and strong persistency, partly offset by high cost.

Seeking Alpha - 7 months ago

MGIC Investment is the top private mortgage insurance company in the United States.

Zacks Investment Research - 7 months ago

We have shortlisted five insurance stocks for second-half of 2020 that should enhance your portfolio given their solid fundamentals.

Other stocks mentioned: CNA, DGICA, HMN, ORI
Zacks Investment Research - 8 months ago

Bright Near-Term Outlook for Multiline Insurance Industry

Other stocks mentioned: CNO, EVER, HMN, ORI
Seeking Alpha - 8 months ago

Evolving Mortgage Default Rates Point To Bullish Case For Mortgage Insurers

Other stocks mentioned: ESNT, NMIH, RDN
Seeking Alpha - 8 months ago

MGIC has roughly $850MM in annual pretax pre-provision earnings to deal with losses.

Zacks Investment Research - 8 months ago

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 th...

Benzinga - 8 months ago

MGIC Investment Corp (NYSE: MTG) shares are trading lower on Tuesday, after Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform.

Zacks Investment Research - 8 months ago

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

Seeking Alpha - 9 months ago

Mortgage Insurers: Market's Misunderstanding Creates Significant Opportunity

Other stocks mentioned: ESNT, NMIH, RDN
Seeking Alpha - 9 months ago

MGIC Investment's (MTG) CEO Tim Mattke on Q1 2020 Results - Earnings Call Transcript

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
Insurance-Specialty
IPO Date
Aug 6, 1991
CEO
Timothy Mattke
Employees
724
Stock Exchange
NYSE
Ticker Symbol
MTG
Full Company Profile

Financial Performance

In 2020, MTG's revenue was $1.20 billion, a decrease of -1.22% compared to the previous year's $1.21 billion. Earnings were $446.09 million, a decrease of -33.79%.

Financial Statements

Analyst Forecasts

According to 11 analysts, the average rating for MTG stock is "Buy." The 12-month stock price forecast is 15.86, which is an increase of 23.23% from the latest price.

Price Target
$15.86
(23.23% upside)
Analyst Consensus: Buy