MGIC Investment (NYSE:MTG – Get Free Report) is expected to be issuing its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect MGIC Investment to announce earnings of $0.8090 per share and revenue of $298.66 million for the quarter. Investors can check the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, November 5, 2026 at 10:00 AM ET.
MGIC Investment (NYSE:MTG – Get Free Report) last posted its earnings results on Wednesday, July 29th. The insurance provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $295.39 million during the quarter, compared to analyst estimates of $297.54 million. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. On average, analysts expect MGIC Investment to post $3.22 EPS for the current fiscal year and $3.37 EPS for the next fiscal year.
MGIC Investment Price Performance
Shares of MTG stock opened at $28.56 on Wednesday. The firm has a market cap of $5.86 billion, a PE ratio of 8.93 and a beta of 0.67. The company has a 50-day moving average of $29.18 and a two-hundred day moving average of $27.75. MGIC Investment has a 1-year low of $24.69 and a 1-year high of $31.89.
Insider Activity at MGIC Investment
In related news, EVP Paula Maggio sold 20,000 shares of MGIC Investment stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.30, for a total value of $606,000.00. Following the completion of the transaction, the executive vice president directly owned 149,620 shares in the company, valued at approximately $4,533,486. This trade represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy Mattke sold 137,114 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $26.23, for a total value of $3,596,500.22. Following the transaction, the chief executive officer directly owned 843,778 shares of the company’s stock, valued at $22,132,296.94. The trade was a 13.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 217,114 shares of company stock worth $5,906,200. Company insiders own 1.34% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on MTG shares. Keefe, Bruyette & Woods boosted their price target on shares of MGIC Investment from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of MGIC Investment from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 19th. Barclays increased their price objective on shares of MGIC Investment from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, October 5th. Roth Capital reiterated a “buy” rating and issued a $35.00 target price on shares of MGIC Investment in a report on Thursday, July 30th. Finally, Zacks Research lowered MGIC Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MGIC Investment presently has a consensus rating of “Hold” and a consensus price target of $30.80.
Read Our Latest Stock Analysis on MTG
MGIC Investment Company Profile
MGIC Investment Corporation (NYSE:MTG) is a holding company whose principal subsidiary is Mortgage Guaranty Insurance Corporation (MGIC), a provider of private mortgage insurance in the United States. MGIC’s insurance helps protect mortgage lenders and investors against losses when borrowers default, enabling qualified homebuyers to obtain mortgages with smaller down payments.
MGIC primarily offers primary mortgage insurance for residential loans, working with mortgage lenders, banks and other housing-finance institutions.
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