MGIC Investment Corporation (NYSE:MTG)

MGIC Investment Corporation MTG

Financial Services - Insurance - Specialty - NYSE - US

Watchlist

$ 24.91

1.26 %

$ 6.31 B

Market Cap

8.8

P/E

1. INTRINSIC VALUE

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, 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 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.[ Read More ]

The intrinsic value of one MTG stock under the base case scenario is HIDDEN Compared to the current market price of 24.9 USD, MGIC Investment Corporation is HIDDEN

MTG Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart MTG

FINANCIALS

Annual
Quarterly

1.16 B REVENUE

Growth Rates

1Year -1.51%

3Years -1.24%

5Years 0.55%

7Years 1.20%

10Years 1.06%

1.12 B OPERATING INCOME

Growth Rates

1Year -1.28%

3Years 26.87%

5Years 4.60%

7Years 10.14%

10Years 42.08%

713 M NET INCOME

Growth Rates

1Year -17.61%

3Years 16.92%

5Years 1.25%

7Years 11.04%

10Years 32.20%

713 M OPERATING CASH FLOW

Growth Rates

1Year 9.68%

3Years -0.89%

5Years 5.54%

7Years 18.32%

10Years 10.58%

-179 M INVESTING CASH FLOW

Growth Rates

1Year -43.65%

3Years 38.56%

5Years 10.83%

7Years -9.76%

10Years 14.46%

-496 M FINANCING CASH FLOW

Growth Rates

1Year 51.96%

3Years -58.15%

5Years -23.66%

7Years -18.41%

10Years -3.70%

307 M REVENUE

Growth Rates

1Year -1.51%

3Years -1.24%

5Years 0.55%

7Years 1.20%

10Years 1.06%

0 OPERATING INCOME

Growth Rates

1Year -1.28%

3Years 26.87%

5Years 4.60%

7Years 10.14%

10Years 42.08%

200 M NET INCOME

Growth Rates

1Year -17.61%

3Years 16.92%

5Years 1.25%

7Years 11.04%

10Years 32.20%

183 M OPERATING CASH FLOW

Growth Rates

1Year 9.68%

3Years -0.89%

5Years 5.54%

7Years 18.32%

10Years 10.58%

-13.8 M INVESTING CASH FLOW

Growth Rates

1Year -43.65%

3Years 38.56%

5Years 10.83%

7Years -9.76%

10Years 14.46%

-157 M FINANCING CASH FLOW

Growth Rates

1Year 51.96%

3Years -58.15%

5Years -23.66%

7Years -18.41%

10Years -3.70%

Balance Sheet Decomposition MGIC Investment Corporation

6.47 B ASSETS
1.39 B LIABILITIES

Current Assets	211 M
Cash & Short-Term Investments	209 M
Receivables	2.86 M
Other Current Assets	0
Non-Current Assets	34.6 M
Long-Term Investments	15.6 M
PP&E	38.8 M
Other Non-Current Assets	-19.8 M

Current Liabilities	0
Accounts Payable	0
Short-Term Debt	0
Other Current Liabilities	0
Non-Current Liabilities	1.47 B
Long-Term Debt	643 M
Other Non-Current Liabilities	823 M

EFFICIENCY

Earnings Waterfall MGIC Investment Corporation

Revenue	1.16 B
Cost Of Revenue	226 M
Gross Profit	929 M
Operating Expenses	31.6 M
Operating Income	1.12 B
Other Expenses	411 M
Net Income	713 M

RATIOS

80.43% GROSS MARGIN

Averages

1Year 80.43%

3Years 81.17%

5Years 82.75%

7Years 83.27%

10Years 85.38%

97.26% OPERATING MARGIN

Averages

1Year 97.26%

3Years 87.08%

5Years 75.22%

7Years 76.41%

10Years 67.66%

61.72% NET MARGIN

Averages

1Year 61.72%

3Years 63.02%

5Years 56.35%

7Years 53.54%

10Years 54.64%

14.06% ROE

Averages

1Year 14.06%

3Years 15.25%

5Years 14.18%

7Years 14.41%

10Years 19.10%

11.03% ROA

Averages

1Year 11.03%

3Years 11.21%

5Years 10.10%

7Years 9.81%

10Years 9.93%

15.53% ROIC

Averages

1Year 15.53%

3Years 14.34%

5Years 12.67%

7Years 12.72%

10Years 15.18%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis MGIC Investment Corporation

Net Income	713 M
Depreciation & Amortization	35.2 M
Capital Expenditures	-2 M
Stock-Based Compensation	31.6 M
Change in Working Capital	-82 M
Others	-67.9 M
Free Cash Flow	711 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets MGIC Investment Corporation

Wall Street analysts predict an average 1-year price target for MTG of $20.3 , with forecasts ranging from a low of $14 to a high of $25 .

MTG Lowest Price Target Wall Street Target

14 USD -43.80%

MTG Average Price Target Wall Street Target

20.3 USD -18.37%

MTG Highest Price Target Wall Street Target

25 USD 0.36%

4. DIVIDEND ANALYSIS

0.51% DIVIDEND YIELD

0.13 USD DIVIDEND PER SHARE

5. COMPETITION

MBIA Inc. provides financial guarantee insurance services to public finance markets. It operates through United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments.

14.9 USD

MBI

Undervalued 147.58%

NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators.

80.8 USD

NMIH

Undervalued 114.66%

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States.

112 USD

ESNT

Undervalued 101.47%

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally.

-90.8 USD

AGO

Overvalued 199.81%

Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries.

70.8 USD

EIG

Undervalued 33.97%

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments.

-8.09 USD

JRVR

Overvalued 274.80%

Radian Group Inc., together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting, and fulfillment solutions.

28.2 USD

RDN

Overvalued 18.68%

Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally.

15.4 USD

AMBC

Undervalued 24.62%

AMERISAFE, Inc., an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses.

47.2 USD

AMSF

Overvalued 19.06%

Investors Title Company, through its subsidiaries, engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties.

265 USD

ITIC

Overvalued 2.27%

6. Ownership

Insider Ownership MGIC Investment Corporation

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
1 year ago Feb 27, 2023	Sell 115 K USD	Poliner Gary A.	- 8296	13.92 USD
2 years ago Dec 02, 2021	Bought 71 K USD	Arrigoni Daniel A.	+ 5000	14.19 USD
3 years ago May 07, 2021	Sell 1.15 M USD	Hughes James J. director: EVP-Sales&Bus. Dev-Mtg Gty Ins	- 80051	14.3869 USD
4 years ago Aug 14, 2020	Bought 67.9 K USD	LEHMAN MICHAEL E	+ 8000	8.4876 USD
4 years ago May 19, 2020	Bought 35.5 K USD	Kozlak Jodee A	+ 5000	7.0929 USD

7. News

Why MGIC Investment (MTG) is a Top Value Stock for the Long-Term Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. zacks.com - 5 days ago

MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript MGIC Investment Corporation (NYSE:MTG ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Dianna Higgins - Head, Investor Relations Tim Mattke - Chief Executive Officer Nathan Colson - Chief Financial Officer Conference Call Participants Terry Ma - Barclays Bose George - KBW Mihir Bhatia - Bank of America Geoffrey Dunn - Dowling and Partners Scott Heleniak - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the MGIC Investment Corporation Third Quarter 2024 Earnings Call. seekingalpha.com - 1 week ago

MGIC Investment Q3 Earnings Surpass Estimates on Higher Revenues MTG's third-quarter earnings reflect higher new insurance written and improved net investment income, partially offset by lower insurance in force. zacks.com - 1 week ago

MGIC Investment Q3: Home Prices Limit Potential Losses, But Hold Due To Valuation Concerns MGIC Investment shares have gained 34% over the past year, but recently pulled back 10% due to concerns over the US housing market. Q3 earnings report showed $0.77 in adjusted EPS and a 3% revenue increase, driven by higher net investment income and flat policy exposure. MTG benefits from high home prices and low delinquencies, with strong capital returns to shareholders via buybacks and dividends. seekingalpha.com - 1 week ago

Here's What Key Metrics Tell Us About MGIC (MTG) Q3 Earnings While the top- and bottom-line numbers for MGIC (MTG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 1 week ago

MGIC Investment (MTG) Q3 Earnings Beat Estimates MGIC Investment (MTG) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.64 per share a year ago. zacks.com - 1 week ago

MGIC Investment Corporation Reports Third Quarter 2024 Results Third Quarter 2024 Net Income of $200.0 million or $0.77 per Diluted Share Third Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $200.7 million or $0.77 per Diluted Share MILWAUKEE , Nov. 4, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2024. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "We are very pleased with our third quarter financial results, generating net income of $200 million and delivering a 15.6% return on equity. prnewswire.com - 1 week ago

MGIC Investment Corporation Announces Quarterly Dividend of $0.13 Per Share MILWAUKEE , Oct. 24, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, payable on November 21, 2024, to shareholders of record as of November 7, 2024. About MGIC Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance. prnewswire.com - 3 weeks ago

All You Need to Know About MGIC (MTG) Rating Upgrade to Strong Buy MGIC (MTG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 1 month ago

Best Value Stocks to Buy for October 11th AGESY, CURV and MTG made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 11, 2024. zacks.com - 1 month ago

Best Income Stocks to Buy for October 11th AGESY, AVNT and MTG made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 11, 2024. zacks.com - 1 month ago

MGIC Investment Corporation Schedules 3rd Quarter 2024 Earnings Call MILWAUKEE , Oct. 7, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its third quarter 2024 financial results after the market closes on Monday, November 4, 2024. A conference call/webcast has been scheduled for 10:00 a.m. prnewswire.com - 1 month ago

8. Profile Summary

MGIC Investment Corporation MTG

COUNTRY US

INDUSTRY Insurance - Specialty

MARKET CAP $ 6.31 B

Dividend Yield 0.51%

Description 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, 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 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.

Contact MGIC Plaza, Milwaukee, WI, 53202 https://mtg.mgic.com

IPO Date Aug. 7, 1991

Employees 627

Officers Mr. Michael Edward Jacobson Senior Vice President of Business Intelligence & Product Strategy Mr. Nathan Ryan Abramowski Vice President & Treasurer Mr. Danny Garcia-Velez Senior Vice President of Sales & Business Development Ms. Annette M. Adams Senior Vice President & Chief Human Resources Officer of MGIC Mr. Salvatore Antonino Miosi President & Chief Operating Officer Mr. Robert J. Candelmo Senior Vice President & Chief Information Officer of MGIC Ms. Paula Christine Maggio Executive Vice President, General Counsel & Secretary Ms. Julie Kay Sperber Vice President, Controller & Chief Accounting Officer Ms. Dianna L. Higgins Senior Vice President of Investor Relations

Price Chart MTG

MGIC Investment Corporation MTG

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