MGIC/MTG

$19.82

-0.35%
-
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
$5.34B
Market cap
7.96
P/E ratio
$2.49
EPS
1.22
Beta
$0.43
Dividend rate
2.32%
Dividend yield

What the Analysts think about MGIC

Analyst Ratings

Majority rating from 9 analysts.
Buy

Price Targets

Average projection from 8 analysts.
11.65% upside
High $24.00
Low $20.00
$19.82
Current price
$22.13
Average price target

MGIC Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
64.98% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$283.9M
-4.25%
Net income
$184.5M
0.93%
Profit margin
64.98%
5.4%

MGIC Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 18.47%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.54
$0.68
$0.64
$0.67
-
Expected
$0.50
$0.53
$0.56
$0.57
$0.61
Surprise
7.26%
27.55%
13.71%
18.47%
-
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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