MGIC Investment Corporation (MTG)
Market Cap | 6.30B |
Revenue (ttm) | 1.19B |
Net Income (ttm) | 762.80M |
Shares Out | 253.37M |
EPS (ttm) | 2.83 |
PE Ratio | 8.79 |
Forward PE | 9.17 |
Dividend | $0.52 (2.09%) |
Ex-Dividend Date | Nov 7, 2024 |
Volume | 998,774 |
Open | 24.96 |
Previous Close | 24.81 |
Day's Range | 24.84 - 25.24 |
52-Week Range | 18.68 - 26.56 |
Beta | 1.27 |
Analysts | Buy |
Price Target | 26.00 (+4.59%) |
Earnings Date | Jan 29, 2025 |
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, 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. It also provides pool ... [Read more]
Financial Performance
In 2023, MGIC Investment's revenue was $1.16 billion, a decrease of -1.51% compared to the previous year's $1.17 billion. Earnings were $712.95 million, a decrease of -17.61%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for MTG stock is "Buy." The 12-month stock price forecast is $26.0, which is an increase of 4.59% from the latest price.
News
MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript
MGIC Investment Corporation (NYSE:MTG) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Dianna Higgins - Head, Investor Relations Tim Mattke - Chief Executive Office...
MGIC Investment Q3: Home Prices Limit Potential Losses, But Hold Due To Valuation Concerns
MGIC Investment shares have gained 34% over the past year, but recently pulled back 10% due to concerns over the US housing market. Q3 earnings report showed $0.77 in adjusted EPS and a 3% revenue inc...
MGIC Investment Corporation Reports Third Quarter 2024 Results
Third Quarter 2024 Net Income of $200.0 million or $0.77 per Diluted Share Third Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $200.7 million or $0.77 per Diluted Share MILWAUKEE , Nov. 4,...
MGIC Investment Corporation Announces Quarterly Dividend of $0.13 Per Share
MILWAUKEE , Oct. 24, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, payable on November 21, 2...
MGIC Investment Corporation Schedules 3rd Quarter 2024 Earnings Call
MILWAUKEE , Oct. 7, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its third quarter 2024 financial results after the market closes on Monday, November 4, ...
AM Best Upgrades Credit Ratings of Operating Subsidiaries of MGIC Investment Corporation
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) ...
MGIC Comments on the Recently Adopted PMIERs Updates
MILWAUKEE , Aug. 21, 2024 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), comments on the updates by the government...
MGIC Investment Corporation (MTG) Q2 2024 Earnings Call Transcript
MGIC Investment Corporation (NYSE:MTG) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Dianna Higgins - Head, Investor Relations Tim Mattke - Chief Executive Officer ...
MGIC Investment Corporation Reports Second Quarter 2024 Results
Second Quarter 2024 Net Income of $204.2 million or $0.77 per Diluted Share Second Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $204.9 million or $0.77 per Diluted Share MILWAUKEE , July ...
7 Upcoming Dividend Increases
The article presents upcoming dividend increases, with an average increase of 7.1% and a median of 5.9%. Investment strategy involves buying companies with a consistent dividend growth history and bea...
MGIC Investment Corporation Announces an Increase to Quarterly Dividend
MILWAUKEE , July 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, an increase of 13% from t...
MGIC Investment Corporation Schedules 2nd Quarter 2024 Earnings Call
MILWAUKEE , July 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2024 financial results after the market closes on Wednesday, July 31,...
MGIC Investment Corporation (MTG) Q1 2024 Earnings Call Transcript
MGIC Investment Corporation (NYSE:MTG) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Dianna Higgins - Head, Investor Relations Tim Mattke - Chief Executive Officer Nat...
MGIC Investment Corporation Reports First Quarter 2024 Results
First Quarter 2024 Net Income of $174.1 million or $0.64 per Diluted Share First Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $178.4 million or $0.65 per Diluted Share MILWAUKEE , May 1, ...
MGIC Investment Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.115 Per Share
MILWAUKEE , April 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced its board of directors has approved an additional share repurchase program with authorization to purchase u...
Buy MGIC: Higher Interest Rates Create A Buying Opportunity
MGIC's stock fell by 13% due to a spike in the 10-year Treasury bond yield, making it a good time to invest. Q1 forecast for MGIC predicts flat insurance revenues, but higher investment income and 6% ...
MGIC Investment Corporation Schedules 1st Quarter 2024 Earnings Call
MILWAUKEE , April 2, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2024 financial results after the market closes on Wednesday, May 1, 2...
Buy MGIC - Slow, Steady And Still Cheap
MGIC reported solid Q4 earnings, with cash operating EPS of $0.63 and a 12.5% increase in quarterly dividend. Claim payments on private mortgage insurance remain extremely low, at $13 million in Q4. M...
MGIC Investment Corporation (MTG) Q4 2023 Earnings Call Transcript
MGIC Investment Corporation (MTG) Q4 2023 Earnings Call Transcript
MGIC Investment Corporation Reports Fourth Quarter 2023 Results
Fourth Quarter 2023 Net Income of $184.5 million or $0.66 per Diluted Share Fourth Quarter 2023 Adjusted Net Operating Income (Non-GAAP) of $187.6 million or $0.67 per Diluted Share Full Year 2023 Ne...
MGIC Investment Corporation Announces Quarterly Dividend of $0.115 Per Share
MILWAUKEE , Jan. 23, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.115 per share, payable on March 5, 2024...
MGIC Investment Corporation Schedules 4th Quarter 2023 Earnings Call
MILWAUKEE , Jan. 8, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2023 financial results after the market closes on Wednesday, January ...
Buy MGIC: Ramping Up The Cash To Investors
MGIC, a private mortgage insurance company, offers high per share growth potential with steady insurance premiums and increasing investment income. The key parts of MGIC's income statement appear stab...
CONDOTEK AND MGIC LAUNCH ALL-IN-ONE CONDOMINIUM COMPLIANCE
PHILADELPHIA and MADISON, Wis., Nov. 2, 2023 /PRNewswire/ -- CondoTek and Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), announced...
MGIC Investment Corporation (MTG) Q3 2023 Earnings Conference Call Transcript
MGIC Investment Corporation (NYSE:MTG) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Dianna Higgins - Head of IR Tim Mattke - CEO Nathan Colson - CFO Conference C...