Financial Services -
Insurance - Specialty - NYSE - US
$ 22.52
-2.68 %
$ 5.46 B
Market Cap
7.79
P/E
1. INTRINSIC VALUE
Balance Sheet
MGIC Investment Corporation
| Current Assets | 152 M |
| Cash & Short-Term Investments | 150 M |
| Receivables | 2.51 M |
| Other Current Assets | 0 |
| Non-Current Assets | 5.9 B |
| Long-Term Investments | 5.87 B |
| PP&E | 35.7 M |
| Other Non-Current Assets | 0 |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 645 M |
| Long-Term Debt | 645 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
MGIC Investment Corporation
| Revenue | 1.21 B |
| Cost Of Revenue | 0 |
| Gross Profit | 1.21 B |
| Operating Expenses | 1.21 B |
| Operating Income | 0 |
| Other Expenses | -763 M |
| Net Income | 763 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
MGIC Investment Corporation
| Net Income | 763 M |
| Depreciation & Amortization | 18.4 M |
| Capital Expenditures | -1.17 M |
| Stock-Based Compensation | 31.3 M |
| Change in Working Capital | -100 M |
| Others | -90.2 M |
| Free Cash Flow | 724 M |
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
-37.83%
MTG Average Price Target
Wall Street Target
20.3 USD
-9.71%
MTG Highest Price Target
Wall Street Target
25 USD
11.01%
4. DIVIDEND
ANALYSIS
0.54%
DIVIDEND YIELD
0.13 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
MGIC Investment Corporation
Sold
0-3 MONTHS
113 K USD 1
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
7. News
MGIC Investment Corporation Schedules 1st Quarter 2025 Earnings Call
MILWAUKEE , April 4, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2025 financial results after the market closes on Wednesday, April 30, 2025. A conference call/webcast has been scheduled for 10:00 a.m.
prnewswire.com
- 5 days ago
MGIC Investment (MTG) Is Up 1.95% in One Week: What You Should Know
Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
zacks.com
- 2 weeks ago
MGIC (MTG) Upgraded to Buy: Here's What You Should Know
MGIC (MTG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
zacks.com
- 3 weeks ago
MTG Stock Lags Industry, Trades at a Discount: Should You Buy or Wait?
Given the U.S. housing market expected to grow at a slow rate, downward pressure on home prices and intense competition, it is wise to stay cautious on MTG.
zacks.com
- 3 weeks ago
MGIC Investment: A Junk Bond Earnings Yield With Growth
MGIC Investment: A Junk Bond Earnings Yield With Growth
seekingalpha.com
- 1 month ago
MGIC Investment Q4 Earnings Beat, Revenues Miss Estimates
MTG's fourth quarter results higher new insurance written, improved net investment income, and higher insurance in force.
zacks.com
- 2 months ago
MGIC Investment Corporation (MTG) Q4 2024 Earnings Call Transcript
MGIC Investment Corporation (NYSE:MTG ) Q4 2024 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Dianna Higgins - Head of Investor Relations Tim Mattke - Chief Executive Officer Nathan Colson - Chief Financial Officer and Chief Risk Officer Conference Call Participants Terry Ma - Barclays Mihir Bhatia - Bank of America Bose George - KBW Douglas Harter - UBS Scott Heleniak - RBC Capital Markets Geoffrey Dunn - Dowling & Partners Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Q4 2024 MGIC Investment Corporation Earnings Conference Call.
seekingalpha.com
- 2 months ago
Compared to Estimates, MGIC (MTG) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for MGIC (MTG) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 2 months ago
MGIC Investment (MTG) Q4 Earnings Top Estimates
MGIC Investment (MTG) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.67 per share a year ago.
zacks.com
- 2 months ago
MGIC Investment Corporation Reports Fourth Quarter 2024 Results
Fourth Quarter 2024 Net Income of $184.7 million or $0.72 per Diluted Share Fourth Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $184.5 million or $0.72 per Diluted Share Full Year 2024 Net Income of $763.0 million or $2.89 per Diluted Share Full Year 2024 Adjusted Net Operating Income (Non-GAAP) of $768.5 million or $2.91 per Diluted Share MILWAUKEE , Feb. 3, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2024. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "As we close another year on a high note with strong financial results in the fourth quarter while returning meaningful capital to our shareholders, I am looking forward to the opportunities that lie before us in the new year.
prnewswire.com
- 2 months ago
MGIC Investment Corporation Announces Quarterly Dividend of $0.13 Per Share
MILWAUKEE , Jan. 28, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, payable on March 5, 2025, to shareholders of record as of February 18, 2025. 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
- 2 months ago
MGIC Investment Stock Near 52-Week High: What Should Investors Do?
MTG gains from well-performing solid insurance in force, lower delinquency, better housing market fundamentals as well as affordability of shares.
zacks.com
- 2 months ago
8. Profile
Summary
MGIC Investment Corporation MTG
COUNTRY
US
INDUSTRY
Insurance - Specialty
MARKET CAP
$ 5.46 B
Dividend Yield
0.54%
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
555
Officers
Ms. Dianna L. Higgins
Senior Vice President of Investor Relations
Ms. Annette M. Adams
Senior Vice President & Chief Human Resources Officer of MGIC
Mr. Danny Garcia-Velez
Senior Vice President of Sales & Business Development
Mr. Nathan Ryan Abramowski
Vice President & Treasurer
Ms. Julie Kay Sperber
Vice President, Controller & Chief Accounting Officer
Mr. Robert J. Candelmo
Senior Vice President & Chief Information Officer
Ms. Paula Christine Maggio
Executive Vice President, General Counsel & Secretary
Mr. Michael Edward Jacobson
Senior Vice President of Business Intelligence & Product Strategy
Mr. Salvatore Antonino Miosi
President & Chief Operating Officer