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MGIC Investment Corporation (MTG)

NYSE: MTG · IEX Real-Time Price · USD
16.43 0.03 (0.18%)
Oct 21, 2021 4:00 PM EDT - Market closed
Market Cap5.56B
Revenue (ttm)1.19B
Net Income (ttm)585.31M
Shares Out339.33M
EPS (ttm)1.69
PE Ratio9.75
Forward PE8.16
Dividend$0.24 (1.46%)
Ex-Dividend DateAug 11, 2021
Volume2,160,692
Open16.39
Previous Close16.40
Day's Range16.31 - 16.53
52-Week Range9.28 - 16.62
Beta1.71
AnalystsBuy
Price Target17.61 (+7.2%)
Est. Earnings DateNov 3, 2021

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;...

IndustryThrifts & Mortgage Finance
IPO DateAug 6, 1991
CEOTimothy Mattke
Employees739
Stock ExchangeNYSE
Ticker SymbolMTG
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 Forecast

According to 11 analysts, the average rating for MTG stock is "Buy." The 12-month stock price forecast is 17.61, which is an increase of 7.18% from the latest price.

Price Target
$17.61
(7.18% upside)
Analyst Consensus: Buy

News

MGIC (MTG) Moves to Strong Buy: Rationale Behind the Upgrade

MGIC (MTG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

14 hours ago - Zacks Investment Research

What Makes MGIC Investment (MTG) a Strong Momentum Stock: Buy Now?

Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.

3 days ago - Zacks Investment Research

MGIC Investment Corporation Schedules 3rd Quarter 2021 Earnings Call

MILWAUKEE, Oct. 14, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its third quarter 2021 financial results after the market closes on Wednesday November 3, ...

1 week ago - PRNewsWire

New Strong Buy Stocks for October 14th

DLTH, MTG, WRLD, OOMA, and SU have been added to the Zacks Rank #1 (Strong Buy) List on October 14, 2021.

Other symbols:DLTHOOMASUWRLD
1 week ago - Zacks Investment Research

Here's Why MGIC Investment (MTG) is a Strong Momentum Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

1 month ago - Zacks Investment Research

Why Is MGIC (MTG) Up 9% Since Last Earnings Report?

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

1 month ago - Zacks Investment Research

Here's Why Investors Should Hold MGIC Investment (MTG) Stock

MGIC Investment (MTG) is poised to grow on the back of reduction in new delinquency notices, lower loss and claims, and financial flexibility.

1 month ago - Zacks Investment Research

MGIC Announces Promotion of Michael E. Jacobson to Senior Vice President, Product Strategy

MILWAUKEE, Aug. 9, 2021 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of Michael "Mik...

2 months ago - PRNewsWire

MGIC Investment's (MTG) Q2 Earnings Beat, Revenues Rise Y/Y

MGIC Investment's (MTG) second-quarter 2021 results reflect higher insurance in force and new insurance written as well as improved loss ratio.

2 months ago - Zacks Investment Research

MGIC Investment Corporation Reports Second Quarter 2021 Results

MILWAUKEE, Aug. 4, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the second quarter of 2021. Net income for the quarter was $153.1 milli...

2 months ago - PRNewsWire

MGIC Investment Announces Quarterly Dividend of $0.08 Per Share

MILWAUKEE, July 29, 2021 /PRNewswire/ -- The Board of Directors of MGIC Investment Corporation (NYSE:MTG) today declared a quarterly cash dividend of $0.08 per share. The dividend is payable on August 2...

2 months ago - PRNewsWire

MGIC Investment Corporation Schedules 2nd Quarter 2021 Earnings Call and Releases Monthly Operating Statistics

MILWAUKEE, July 9, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2021 financial results after the market closes on Wednesday August 4, 20...

3 months ago - PRNewsWire

MGIC Investment (MTG) Up 75.4% in a Year: More Room to Run?

MGIC Investment (MTG) stock rallies on the back of increase in mortgage origination market, higher premium rates on insurance in force and solid capital position.

3 months ago - Zacks Investment Research

MGIC Investment Corporation Releases Monthly Operating Statistics

MILWAUKEE, June 7, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of the primary mortgage insurance of its insurance subsidiaries for the month of May 2...

4 months ago - PRNewsWire

MGIC (MTG) Up 3.5% Since Last Earnings Report: Can It Continue?

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

4 months ago - Zacks Investment Research

MGIC Investment (MTG) Q1 Earnings In Line, Revenues Fall Y/Y

MGIC Investment's (MTG) Q1 earnings reflect an increase in insurance in force and improved loss ratio, offset by lower premiums and net investment income.

5 months ago - Zacks Investment Research

Recap: MGIC Investment Q1 Earnings

Shares of MGIC Investment (NYSE:MTG) fell in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were unchanged 0.00% over the past year to $0.42, which were...

5 months ago - Benzinga

MGIC Investment Corporation Reports First Quarter 2021 Results

MILWAUKEE, May 5, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2021. Net income for the quarter was $150.0 million...

5 months ago - PRNewsWire

MGIC Investment Announces Quarterly Dividend of $0.06 Per Share

MILWAUKEE, April 29, 2021 /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 on May 27,...

5 months ago - PRNewsWire

MGIC Investment Corporation Schedules 1st Quarter 2021 Earnings Call and Releases Monthly Operating Statistics

MILWAUKEE, April 7, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2021 financial results after the market closes on Wednesday May 5, 2021....

6 months ago - PRNewsWire

MGIC Investment Earns IBD Rating Upgrade

MGIC Investment shows improving price performance, earning an upgrade to its IBD Relative Strength Rating The post MGIC Investment Earns IBD Rating Upgrade appeared first on Investor's Business Daily.

6 months ago - Investors Business Daily

Why Is MGIC (MTG) Down 3.5% Since Last Earnings Report?

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

6 months ago - Zacks Investment Research

Here's Why Investors Should Retain MGIC Investment (MTG) Stock

MGIC Investment (MTG) is poised to grow on the back of its strong housing market, lower loss and claims and financial flexibility.

7 months ago - Zacks Investment Research

2 Top Financial Stocks Under $20

These two stocks are primed for growth

Other symbols:CURO
7 months ago - The Motley Fool

MGIC Investment Corporation Releases Monthly Operating Statistics

MILWAUKEE, March 5, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of the primary mortgage insurance of its insurance subsidiaries for the month of Febr...

7 months ago - PRNewsWire