MGIC/MTG

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14:25
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1D1W1MYTD1YMAX

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

Financials

Trading on

NYSE

Industry

Financial Services

Headquarters

Milwaukee, United States

Employees

627

MGIC Metrics

BasicAdvanced
$5.8B
Market cap
8.39
P/E ratio
$2.60
EPS
1.22
Beta
$0.45
Dividend rate
2.04%
Dividend yield
$5.8B
1.22
$0.45
3.324
2.73
12.613
12.613
17.23%
26.43%
9.34%
14.83%
8.39
5.22
1.15
1.15
8.83
2.04%
0.29%
-6.59%
-0.70%
26.22%
22.85%

What the Analysts think about MGIC

Analyst Ratings

Majority rating from 9 analysts.
Buy

MGIC Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
59.12% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$294M
3.66%
Net income
$174M
-5.69%
Profit margin
59.12%
-9.02%

MGIC Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 7.54%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.68
$0.64
$0.67
$0.65
-
Expected
$0.53
$0.56
$0.57
$0.60
$0.63
Surprise
27.55%
13.71%
18.47%
7.54%
-
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. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
Market closedNon-fractional

Upcoming events

No upcoming events

FAQs

What’s the current market cap for MGIC stock?

MGIC (MTG) has a market cap of $5.8B as of July 04, 2024.

What is the P/E ratio for MGIC stock?

The price to earnings (P/E) ratio for MGIC (MTG) stock is 8.39 as of July 04, 2024.

Does MGIC stock pay dividends?

Yes, the MGIC (MTG) stock pays dividends to shareholders. As of July 04, 2024, the dividend rate is $0.445 and the yield is 2.04%. MGIC has a payout ratio of 17.23% 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 1.22. 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.

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