MGIC/MTG

$20.23

-0.93%
-
1D1W1MYTD1YMAX

About MGIC

MGIC Investment Corporation is a holding company. The Company, through its wholly owned subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The Company's mortgage insurance product offers Primary Insurance and Pool and Other Insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. Pool insurance is generally used as an additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the amount of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.

Ticker

MTG

Sector

Financials

Trading on

NYSE

Industry

Insurance (Prop. & Casualty)

CEO

Timothy Mattke

Employees

627

Headquarters

Milwaukee, United States

MGIC Metrics

BasicAdvanced
$5.4B
Market cap
7.85
P/E ratio
$2.60
EPS
1.23
Beta
$0.45
Dividend rate
2.25%
Dividend yield
$5.4B
1.22571
$22.43
$15.00
2M
$0.45
12.613
12.613
17.26%
26.72%
11.37%
14.83%
7.85
4.671
1.077
1.067
9.663
1.95%
2.18%
2.25%
0.29%
-6.33%
-1.24%
24.48%
21.46%

What the Analysts think about MGIC

Analyst Ratings

Majority rating from 9 analysts.
Buy

Price Targets

Average projection from 8 analysts.
11.52% upside
High $24.00
Low $20.00
$20.23
Current price
$22.56
Average price target

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.

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FAQs

What’s the current market cap for MGIC stock?

MGIC (MTG) has a market cap of $5.4B as of May 30, 2024.

What is the P/E ratio for MGIC stock?

The price to earnings (P/E) ratio for MGIC (MTG) stock is 7.85 as of May 30, 2024.

Does MGIC stock pay dividends?

Yes, the MGIC (MTG) stock pays dividends to shareholders. As of May 30, 2024, the dividend rate is $0.445 and the yield is 2.25%. MGIC has a payout ratio of 17.26% 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 1.23. 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.

What is the MGIC stock price target?

The target price for MGIC (MTG) stock is $22.56, which is 11.52% above the current price of $20.23. This is an average based on projections from 8 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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