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MGIC Investment (MTG) Stock

Profile

Country:

United States

IPO:

07 August 1991

Indexes:

Not included

Description:

MGIC Investment Corporation is a holding company. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin. MGIC Investment Corporation offers private individuals mortgage insurance and additional services. The company provides mortgage insurance to lenders and state-sponsored organizations in the United States to protect against losses from default on low down payment residential mortgage loans. The Company's main product is primary mortgage insurance. Primary insurance provides protection against default on individual mortgage loans and covers the unpaid principal amount of the loan, past due interest, and certain expenses related to default and subsequent foreclosure or approved sale by the Company.

Key Details

Price

$23.71

TTM Dividend Yield

2.07%(-7.17% YoY)

PE Ratio

8.35(+7.74% YoY)

Beta

0.71

Events Calendar

Earnings

Next earnings date:

Jan 31, 2025

Recent quarterly earnings:

Nov 04, 2024

Recent annual earnings:

Jan 31, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 07, 2024
Splits

Next split:

N/A

Recent split:

June 03, 1997

Analyst ratings

Recent major analysts updates

10 Dec '24 Keefe, Bruyette & Woods
Market Perform
09 Dec '24 B of A Securities
Underperform
06 Nov '24 RBC Capital
Sector Perform
08 Oct '24 Barclays
Equal-Weight
05 Aug '24 BTIG
Buy
02 Aug '24 Roth MKM
Buy
02 Aug '24 Barclays
Equal-Weight
09 July '24 Barclays
Equal-Weight
03 June '24 Keefe, Bruyette & Woods
Outperform
22 May '24 UBS
Neutral

Market Data

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Institutional Ownership

Here's Why MGIC Investment (MTG) is a Strong Value Stock
Here's Why MGIC Investment (MTG) is a Strong Value Stock
Here's Why MGIC Investment (MTG) is a Strong Value Stock
MTG
zacks.com20 December 2024

Are you looking for ways to choose powerful stocks that can outperform the market for your investment portfolio? The Zacks Style Scores can help you with that.

MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript
MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript
MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript
MTG
seekingalpha.com05 November 2024

MGIC Investment Corporation (NYSE:MTG) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 10:00 AM ET. The call will feature company representatives, including Dianna Higgins, Tim Mattke, and Nathan Colson, along with participants from various financial institutions. Thank you for joining us for this important discussion.

MGIC Investment (MTG) Q3 Earnings Beat Estimates
MGIC Investment (MTG) Q3 Earnings Beat Estimates
MGIC Investment (MTG) Q3 Earnings Beat Estimates
MTG
zacks.com04 November 2024

MGIC Investment (MTG) reported quarterly earnings of $0.77 per share, which is higher than the Zacks Consensus Estimate of $0.67 per share. This is an increase compared to earnings of $0.64 per share from the same period last year.

All You Need to Know About MGIC (MTG) Rating Upgrade to Strong Buy
All You Need to Know About MGIC (MTG) Rating Upgrade to Strong Buy
All You Need to Know About MGIC (MTG) Rating Upgrade to Strong Buy
MTG
zacks.com11 October 2024

MGIC (MTG) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.

MTG Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
MTG Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
MTG Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
MTG
zacks.com18 September 2024

MCIG Investment is expected to grow due to higher premiums, strong credit quality, and new business opportunities. With its appealing valuation and positive outlook, it could be a good choice for a portfolio addition.

3 Momentum Anomaly Stocks to Buy as Markets Soar on Cooling Inflation
3 Momentum Anomaly Stocks to Buy as Markets Soar on Cooling Inflation
3 Momentum Anomaly Stocks to Buy as Markets Soar on Cooling Inflation
MTG
zacks.com13 September 2024

PPC, THC, and MTG are experiencing a temporary drop in price right now. Be sure to take advantage of this opportunity.

MGIC Investment (MTG) is a Great Momentum Stock: Should You Buy?
MGIC Investment (MTG) is a Great Momentum Stock: Should You Buy?
MGIC Investment (MTG) is a Great Momentum Stock: Should You Buy?
MTG
zacks.com19 August 2024

Is MGIC Investment (MTG) a strong choice for momentum investors? Let's take a closer look.

MGIC Investment (MTG) Gains 24% YTD: More Room for Growth?
MGIC Investment (MTG) Gains 24% YTD: More Room for Growth?
MGIC Investment (MTG) Gains 24% YTD: More Room for Growth?
MTG
zacks.com16 August 2024

MGIC Investment (MTG) is expected to expand due to strong insurance policies, a decrease in losses and claims payments, reduced delinquency rates, improved housing market conditions, and careful use of capital.

Why MGIC (MTG) Might be Well Poised for a Surge
Why MGIC (MTG) Might be Well Poised for a Surge
Why MGIC (MTG) Might be Well Poised for a Surge
MTG
zacks.com06 August 2024

MGIC (MTG) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.

What Makes MGIC Investment (MTG) a Strong Momentum Stock: Buy Now?
What Makes MGIC Investment (MTG) a Strong Momentum Stock: Buy Now?
What Makes MGIC Investment (MTG) a Strong Momentum Stock: Buy Now?
MTG
zacks.com30 July 2024

Is MGIC Investment (MTG) a strong choice for momentum investors? Let's take a closer look.

FAQ

  • What is the primary business of MGIC Investment?
  • What is the ticker symbol for MGIC Investment?
  • Does MGIC Investment pay dividends?
  • What sector is MGIC Investment in?
  • What industry is MGIC Investment in?
  • What country is MGIC Investment based in?
  • When did MGIC Investment go public?
  • Is MGIC Investment in the S&P 500?
  • Is MGIC Investment in the NASDAQ 100?
  • Is MGIC Investment in the Dow Jones?
  • When was MGIC Investment's last earnings report?
  • When does MGIC Investment report earnings?
  • Should I buy MGIC Investment stock now?

What is the primary business of MGIC Investment?

MGIC Investment Corporation is a holding company. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin. MGIC Investment Corporation offers private individuals mortgage insurance and additional services. The company provides mortgage insurance to lenders and state-sponsored organizations in the United States to protect against losses from default on low down payment residential mortgage loans. The Company's main product is primary mortgage insurance. Primary insurance provides protection against default on individual mortgage loans and covers the unpaid principal amount of the loan, past due interest, and certain expenses related to default and subsequent foreclosure or approved sale by the Company.

What is the ticker symbol for MGIC Investment?

The ticker symbol for MGIC Investment is NYSE:MTG

Does MGIC Investment pay dividends?

Yes, MGIC Investment pays dividends. The last payment was $0.13, with an ex-dividend date on 07 November 2024

What sector is MGIC Investment in?

MGIC Investment is in the Financial Services sector

What industry is MGIC Investment in?

MGIC Investment is in the Insurance - Specialty industry

What country is MGIC Investment based in?

MGIC Investment is headquartered in United States

When did MGIC Investment go public?

MGIC Investment's initial public offering (IPO) was on 07 August 1991

Is MGIC Investment in the S&P 500?

No, MGIC Investment is not included in the S&P 500 index

Is MGIC Investment in the NASDAQ 100?

No, MGIC Investment is not included in the NASDAQ 100 index

Is MGIC Investment in the Dow Jones?

No, MGIC Investment is not included in the Dow Jones index

When was MGIC Investment's last earnings report?

MGIC Investment's most recent earnings report was on 4 November 2024

When does MGIC Investment report earnings?

The next expected earnings date for MGIC Investment is 31 January 2025

Should I buy MGIC Investment stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions