MGIC Investment (NYSE:MTG) Sets New 1-Year High – Here’s What Happened

Posted by Francis Steltz on Jul 29th, 2026

MGIC Investment Corporation (NYSE:MTG – Get Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as $29.97 and last traded at $30.0090, with a volume of 261680 shares changing hands. The stock had previously closed at $29.65.

Analyst Ratings Changes

A number of research firms have commented on MTG. Keefe, Bruyette & Woods lifted their target price on shares of MGIC Investment from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Friday, April 10th. Weiss Ratings raised MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Barclays dropped their price target on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Finally, Royal Bank Of Canada started coverage on MGIC Investment in a report on Friday, May 22nd. They issued a “sector perform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.25.

Read Our Latest Analysis on MGIC Investment

MGIC Investment Price Performance

The company has a market capitalization of $6.47 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50-day moving average is $27.17 and its 200-day moving average is $26.92.

MGIC Investment (NYSE:MTG – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. The business had revenue of $297.08 million for the quarter, compared to the consensus estimate of $303.12 million. MGIC Investment had a net margin of 59.63% and a return on equity of 14.01%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Analysts predict that MGIC Investment Corporation will post 3.05 EPS for the current fiscal year.

MGIC Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Wednesday, August 5th will be paid a $0.17 dividend. This is a positive change from MGIC Investment’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, August 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. MGIC Investment’s dividend payout ratio (DPR) is currently 21.59%.

MGIC Investment declared that its Board of Directors has approved a share buyback program on Thursday, April 23rd that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at MGIC Investment

In related news, COO Salvatore A. Miosi sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 560,951 shares in the company, valued at approximately $14,236,936.38. The trade was a 5.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paula C. Maggio sold 20,937 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was 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 in the company, valued at approximately $4,333,791. The trade was a 10.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.34% of the stock is currently owned by insiders.

Institutional Trading of MGIC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of MTG. SBI Securities Co. Ltd. lifted its stake in shares of MGIC Investment by 40.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,461 shares of the insurance provider’s stock valued at $43,000 after buying an additional 420 shares in the last quarter. Compound Planning Inc. raised its holdings in MGIC Investment by 4.3% during the first quarter. Compound Planning Inc. now owns 10,392 shares of the insurance provider’s stock valued at $273,000 after acquiring an additional 433 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in MGIC Investment by 1.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 44,972 shares of the insurance provider’s stock valued at $1,181,000 after acquiring an additional 481 shares during the period. Lido Advisors LLC lifted its position in shares of MGIC Investment by 2.2% in the fourth quarter. Lido Advisors LLC now owns 23,799 shares of the insurance provider’s stock valued at $689,000 after acquiring an additional 522 shares in the last quarter. Finally, Victory Financial Group LLC lifted its position in shares of MGIC Investment by 1.9% in the third quarter. Victory Financial Group LLC now owns 27,994 shares of the insurance provider’s stock valued at $794,000 after acquiring an additional 535 shares in the last quarter. 95.58% of the stock is owned by hedge funds and other institutional investors.

About MGIC Investment

(Get Free Report)

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.