Market closed
MGIC/$MTG
14:30
16:10
17:45
19:25
21:00
1D1W1MYTD1Y5YMAX
About MGIC
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
Ticker
$MTG
Sector
Trading on
NYSE
Industry
Financial Services
Headquarters
Employees
627
Website
MGIC Metrics
BasicAdvanced
$6.3B
Market cap
8.74
P/E ratio
$2.83
EPS
1.27
Beta
$0.48
Dividend rate
2.10%
Dividend yield
Price and volume
Market cap
$6.3B
Beta
1.27
52-week high
$26.05
52-week low
$17.31
Average daily volume
1.6M
Dividend rate
$0.48
Financial strength
Current ratio
3.231
Quick ratio
2.412
Long term debt to equity
12.17
Total debt to equity
12.17
Dividend payout ratio (TTM)
16.96%
Interest coverage (TTM)
28.07%
Management effectiveness
Return on assets (TTM)
9.60%
Return on equity (TTM)
15.03%
Valuation
Price to earnings (TTM)
8.74
Price to revenue (TTM)
5.558
Price to book
1.2
Price to tangible book (TTM)
1.2
Price to free cash flow (TTM)
9.091
Dividend yield (TTM)
1.92%
Forward dividend yield
2.10%
Growth
Revenue change (TTM)
2.31%
Earnings per share change (TTM)
14.71%
3-year revenue growth (CAGR)
-0.10%
3-year earnings per share growth (CAGR)
17.06%
3-year dividend per share growth (CAGR)
22.25%
What the Analysts think about MGIC
Analyst Ratings
Analyst ratings (Buy, Hold, Sell) for MGIC stock.
MGIC Financial Performance
Income Statement
Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%
MGIC Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
MGIC News
AllArticlesVideos
MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript
Seeking Alpha·2 weeks ago
MGIC Investment Q3: Home Prices Limit Potential Losses, But Hold Due To Valuation Concerns
Seeking Alpha·2 weeks ago
AM Best Upgrades Credit Ratings of Operating Subsidiaries of MGIC Investment Corporation
Business Wire·2 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
FAQs
What’s the current market cap for MGIC stock?
MGIC (MTG) has a market cap of $6.3B as of November 22, 2024.
What is the P/E ratio for MGIC stock?
The price to earnings (P/E) ratio for MGIC (MTG) stock is 8.74 as of November 22, 2024.
Does MGIC stock pay dividends?
Yes, the MGIC (MTG) stock pays dividends to shareholders. As of November 22, 2024, the dividend rate is $0.475 and the yield is 2.1%. MGIC has a payout ratio of 16.96% on a trailing twelve-month basis.
When is the next MGIC dividend payment date?
The next MGIC (MTG) dividend payment date is unconfirmed.
What is the beta indicator for MGIC?
MGIC (MTG) has a beta rating of 1.27. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.