MGIC Investment Corporation (NYSE:MTG – Free Report) – Equities research analysts at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for MGIC Investment in a report issued on Friday, June 19th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $0.78 per share for the quarter, down from their prior forecast of $0.79. The consensus estimate for MGIC Investment’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for MGIC Investment’s Q1 2027 earnings at $0.81 EPS, Q1 2028 earnings at $0.86 EPS and FY2028 earnings at $3.40 EPS.
Other analysts have also issued research reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of MGIC Investment in a research report on Monday, June 15th. Barclays reduced their price target on shares of MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Royal Bank Of Canada started coverage on shares of MGIC Investment in a research note on Friday, May 22nd. They issued a “sector perform” rating and a $28.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on MGIC Investment from $28.00 to $29.00 and gave the stock a “market perform” rating in a report on Friday, April 10th. Finally, UBS Group lowered their price objective on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, MGIC Investment has a consensus rating of “Hold” and a consensus price target of $28.25.
MGIC Investment Stock Performance
NYSE:MTG opened at $26.55 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average of $26.50 and a two-hundred day moving average of $27.01. The stock has a market capitalization of $5.62 billion, a PE ratio of 8.43, a P/E/G ratio of 1.81 and a beta of 0.68. MGIC Investment has a fifty-two week low of $24.69 and a fifty-two week high of $29.97.
MGIC Investment (NYSE:MTG – Get Free Report) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The firm had revenue of $297.08 million for the quarter, compared to analyst estimates of $303.12 million. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue was down 3.0% on a year-over-year basis.
MGIC Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th were issued a $0.15 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. MGIC Investment’s dividend payout ratio (DPR) is presently 19.05%.
MGIC Investment declared that its Board of Directors has authorized a stock buyback program on Thursday, April 23rd that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 12.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
Insider Buying and Selling at MGIC Investment
In other MGIC Investment news, EVP Paula C. Maggio sold 20,937 shares of MGIC Investment stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.55, for a total transaction of $534,940.35. Following the sale, the executive vice president owned 169,620 shares of the company’s stock, valued at $4,333,791. The trade was a 10.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $25.38, for a total transaction of $761,400.00. Following the sale, the chief operating officer directly owned 560,951 shares of the company’s stock, valued at $14,236,936.38. The trade was a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 201,070 shares of company stock worth $5,270,740. Corporate insiders own 1.34% of the company’s stock.
Hedge Funds Weigh In On MGIC Investment
Several hedge funds and other institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new position in MGIC Investment during the third quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in MGIC Investment in the 4th quarter valued at about $36,000. SBI Securities Co. Ltd. raised its holdings in MGIC Investment by 40.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,461 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 420 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in MGIC Investment by 88.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 817 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in MGIC Investment by 24.7% in the 3rd quarter. Clearstead Advisors LLC now owns 2,209 shares of the insurance provider’s stock worth $63,000 after purchasing an additional 438 shares in the last quarter. 95.58% of the stock is owned by hedge funds and other institutional investors.
MGIC Investment News Summary
Here are the key news stories impacting MGIC Investment this week:
- Negative Sentiment: Zacks Research trimmed MGIC Investment’s earnings outlook for multiple future periods, including FY2026 to $3.10 EPS from $3.13, FY2027 to $3.29 from $3.35, and FY2028 to $3.39 from $3.63, signaling softer long-term profit expectations. Article Title
- Negative Sentiment: The firm also lowered quarterly EPS estimates for Q2 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, reinforcing the view that earnings growth may be more modest than previously expected. Article Title
- Neutral Sentiment: Mackenzie Financial Corp disclosed the sale of 250,601 shares of MTG, a headline that may add to investor caution, though the impact depends on whether the sale reflects portfolio rebalancing or a broader shift in outlook. Article Title
MGIC Investment Company Profile
MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.
The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.
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