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MGIC Investment Corporation (MTG)

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25.42 -0.28 (-1.11%)
As of 12:08 PM EDT. Market Open.
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DELL
  • Previous Close 25.70
  • Open 25.50
  • Bid 25.41 x 800
  • Ask 25.42 x 1100
  • Day's Range 25.30 - 25.60
  • 52 Week Range 16.32 - 25.93
  • Volume 261,071
  • Avg. Volume 1,572,757
  • Market Cap (intraday) 6.588B
  • Beta (5Y Monthly) 1.27
  • PE Ratio (TTM) 9.41
  • EPS (TTM) 2.70
  • Earnings Date Nov 4, 2024
  • Forward Dividend & Yield 0.52 (2.02%)
  • Ex-Dividend Date Aug 8, 2024
  • 1y Target Est 25.94

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

mtg.mgic.com

627

Full Time Employees

December 31

Fiscal Year Ends

Recent News: MTG

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Performance Overview: MTG

Trailing total returns as of 10/7/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MTG
34.02%
S&P 500
20.09%

1-Year Return

MTG
52.00%
S&P 500
32.95%

3-Year Return

MTG
75.32%
S&P 500
31.27%

5-Year Return

MTG
125.12%
S&P 500
94.04%

Compare To: MTG

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Statistics: MTG

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    6.66B

  • Enterprise Value

    7.02B

  • Trailing P/E

    9.52

  • Forward P/E

    9.18

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    6.01

  • Price/Book (mrq)

    1.30

  • Enterprise Value/Revenue

    5.95

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    63.19%

  • Return on Assets (ttm)

    9.51%

  • Return on Equity (ttm)

    14.97%

  • Revenue (ttm)

    1.18B

  • Net Income Avi to Common (ttm)

    745.67M

  • Diluted EPS (ttm)

    2.70

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    281.79M

  • Total Debt/Equity (mrq)

    12.58%

  • Levered Free Cash Flow (ttm)

    604.47M

Research Analysis: MTG

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 305.28M
Earnings 204.23M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

22.00 Low
25.94 Average
25.42 Current
30.00 High
 

Company Insights: MTG

Research Reports: MTG

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  • What does Argus have to say about MTG?

    MGIC INVESTMENT CORP has an Investment Rating of HOLD; a target price of $27.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target
     
  • What does Argus have to say about MTG?

    MGIC INVESTMENT CORP has an Investment Rating of HOLD; a target price of $27.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target
     
  • Raising target price to $27.00

    MGIC INVESTMENT CORP has an Investment Rating of HOLD; a target price of $27.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target
     
  • What does Argus have to say about MTG?

    MGIC INVESTMENT CORP has an Investment Rating of HOLD; a target price of $26.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target
     

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