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MGIC Investment Corporation (MTG)

Stock Price: $8.60 USD 0.24 (2.87%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 2.91B
Revenue (ttm) 1.23B
Net Income (ttm) 517.90M
Shares Out 338.57M
EPS (ttm) 1.46
PE Ratio 5.89
Forward PE 7.29
Dividend $0.24
Dividend Yield 2.79%

Stock Quote

Trading Day Aug 7, 2020
Last Price $8.60
Previous Close $8.36
Change ($) 0.24
Change (%) 2.87%
Day's Open 8.31
Day's Range 8.15 - 8.62
Day's Volume 3,708,320
52-Week Range 4.34 - 15.24

More Stats

Market Cap 2.91B
Enterprise Value 3.37B
Earnings Date (est) Oct 14, 2020
Ex-Dividend Date May 8, 2020
Shares Outstanding 338.57M
Float 335.59M
EPS (basic) 1.49
EPS (diluted) 1.46
FCF / Share 2.20
Dividend $0.24
Dividend Yield 2.79%
Earnings Yield 16.98%
FCF Yield 25.58%
Payout Ratio 16.10%
Shares Short 20.75M
Short Ratio 3.26
Short % of Float 6.89%
Beta 1.82
PE Ratio 5.89
Forward PE 7.29
P/FCF Ratio 3.91
PS Ratio 2.37
PB Ratio 0.68
Revenue 1.23B
Operating Income 702.28M
Net Income 517.90M
Free Cash Flow 744.75M
Net Cash -461.92M
Net Cash / Share -1.36
Gross Margin 73.17%
Operating Margin 57.06%
Profit Margin 42.10%
FCF Margin 60.51%
ROA 6.95%
ROE 12.30%
ROIC 10.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (12)

Buy 9
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$12.30*
(43.02% upside)
Low
9.00
Current: $8.60
High
18.00
Target: 12.30
*Average 12-month price target from 11 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,2141,1241,0661,0621,0419431,0391,3781,5041,521
Revenue Growth8.02%5.42%0.34%2.04%10.47%-9.31%-24.59%-8.37%-1.07%-
Gross Profit1,0951,0871,012822721471226-628-166-35.67
Operating Income90189784266255732533.51-829-381-261
Net Income6746703563431,172252-49.85-927-486-364
Shares Outstanding353365362343340339312202201176
Earnings Per Share1.851.780.950.862.600.64-0.16-4.59-2.42-2.06
EPS Growth3.93%87.37%10.47%-66.92%306.25%-----
Dividend Per Share0.12---------
Operating Cash Flow610545407225161-405-971-1,569-1,884-875
Capital Expenditures-5.64-14.24-16.07-10.55-4.63-4.71-0.82---
Free Cash Flow604530391214157-410-972-1,569-1,884-875
Cash & Equivalents16915599.851551812153501,0289961,304
Total Debt8338328301,1791,2121,2961,3178258601,037
Net Cash / Debt-664-677-731-1,023-1,031-1,081-967203136267
Assets6,2305,6785,6195,7355,8685,2665,6015,5747,2169,334
Liabilities1,9202,0962,4653,1863,6324,2304,8575,3776,0197,665
Book Value4,3093,5823,1552,5492,2361,0377451971,1971,669
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name MGIC Investment Corporation
Country United States
Employees 724
CEO Timothy J. Mattke

Stock Information

Ticker Symbol MTG
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Insurance—Specialty
Unique Identifier NYSE: MTG
IPO Date August 6, 1991

Description

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; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.