Q4 EPS Forecast for MGIC Investment Decreased by Analyst

MGIC Investment Corporation (NYSE:MTG) – Research analysts at Zacks Research lowered their Q4 2026 earnings per share (EPS) estimates for MGIC Investment in a research report issued to clients and investors on Monday, February 23rd. Zacks Research analyst Team now anticipates that the insurance provider will earn $0.83 per share for the quarter, down from their prior forecast of $0.84. The consensus estimate for MGIC Investment’s current full-year earnings is $2.71 per share.

MGIC Investment (NYSE:MTG) last announced its quarterly earnings data on Monday, February 2nd. The insurance provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. MGIC Investment had a net margin of 60.84% and a return on equity of 14.33%. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue was down .9% on a year-over-year basis.

Several other brokerages have also weighed in on MTG. Barclays decreased their price objective on shares of MGIC Investment from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Keefe, Bruyette & Woods raised their price target on MGIC Investment from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings downgraded shares of MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.00.

MGIC Investment Stock Up 1.5%

MTG opened at $26.51 on Thursday. MGIC Investment has a 12 month low of $21.94 and a 12 month high of $29.97. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 1.48. The business has a 50-day moving average of $27.59 and a two-hundred day moving average of $27.80.

Hedge Funds Weigh In On MGIC Investment

Institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC boosted its position in shares of MGIC Investment by 262.5% during the 2nd quarter. True Wealth Design LLC now owns 1,004 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 727 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in MGIC Investment during the third quarter valued at $28,000. Newbridge Financial Services Group Inc. acquired a new position in MGIC Investment in the 3rd quarter valued at $28,000. Hantz Financial Services Inc. boosted its stake in MGIC Investment by 3,067.6% during the second quarter. Hantz Financial Services Inc. now owns 1,077 shares of the insurance provider’s stock worth $30,000 after buying an additional 1,043 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of MGIC Investment by 61.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,041 shares of the insurance provider’s stock valued at $30,000 after buying an additional 395 shares during the period. Hedge funds and other institutional investors own 95.58% of the company’s stock.

Insider Buying and Selling

In other news, EVP Paula C. Maggio sold 20,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $27.51, for a total value of $550,200.00. Following the completion of the sale, the executive vice president owned 114,689 shares of the company’s stock, valued at approximately $3,155,094.39. This represents a 14.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Mattke sold 139,203 shares of MGIC Investment stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $26.51, for a total transaction of $3,690,271.53. Following the transaction, the chief executive officer owned 822,588 shares of the company’s stock, valued at $21,806,807.88. The trade was a 14.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 189,203 shares of company stock worth $5,058,572. 1.05% of the stock is owned by insiders.

MGIC Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. MGIC Investment’s payout ratio is currently 19.11%.

About MGIC Investment

MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.