Analysts Issue Forecasts for MGIC Investment FY2026 Earnings

MGIC Investment Corporation (NYSE:MTG) – Investment analysts at DOWLING & PARTN issued their FY2026 EPS estimates for MGIC Investment in a research report issued to clients and investors on Wednesday, May 20th. DOWLING & PARTN analyst G. Dunn anticipates that the insurance provider will post earnings per share of $3.00 for the year. The consensus estimate for MGIC Investment’s current full-year earnings is $3.08 per share. DOWLING & PARTN also issued estimates for MGIC Investment’s FY2027 earnings at $3.10 EPS and FY2028 earnings at $3.15 EPS.

A number of other brokerages also recently weighed in on MTG. Keefe, Bruyette & Woods raised their target price on shares of MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research note on Friday, April 10th. Royal Bank Of Canada initiated coverage on shares of MGIC Investment in a research note on Friday, May 22nd. They set a “sector perform” rating and a $28.00 price target on the stock. Weiss Ratings downgraded shares of MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, February 5th. Barclays decreased their price target on shares of MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Finally, UBS Group decreased their price target on shares of MGIC Investment from $29.50 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, MGIC Investment currently has a consensus rating of “Hold” and an average price target of $28.25.

MGIC Investment Trading Down 0.7%

Shares of MTG opened at $25.83 on Thursday. The firm’s 50 day simple moving average is $26.77 and its 200 day simple moving average is $27.36. The company has a market capitalization of $5.46 billion, a P/E ratio of 8.20, a P/E/G ratio of 1.78 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. MGIC Investment has a 1-year low of $24.77 and a 1-year high of $29.97.

MGIC Investment (NYSE:MTG) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The business had revenue of $297.08 million for the quarter, compared to the consensus estimate of $303.12 million. MGIC Investment had a net margin of 59.63% and a return on equity of 14.01%. MGIC Investment’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share.

MGIC Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 6th were issued a $0.15 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. MGIC Investment’s dividend payout ratio (DPR) is currently 19.05%.

MGIC Investment announced that its board has authorized a stock repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 12.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at MGIC Investment

In other news, COO Salvatore A. Miosi sold 10,931 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.25, for a total value of $286,938.75. Following the transaction, the chief operating officer owned 590,951 shares in the company, valued at approximately $15,512,463.75. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy J. Mattke sold 139,202 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total transaction of $3,687,460.98. Following the completion of the transaction, the chief executive officer owned 1,118,005 shares in the company, valued at $29,615,952.45. This represents a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of MGIC Investment by 31.3% in the fourth quarter. AQR Capital Management LLC now owns 11,616,282 shares of the insurance provider’s stock worth $339,428,000 after purchasing an additional 2,771,533 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of MGIC Investment by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 5,371,470 shares of the insurance provider’s stock worth $163,368,000 after purchasing an additional 146,589 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of MGIC Investment by 1.0% in the fourth quarter. Allianz Asset Management GmbH now owns 5,010,157 shares of the insurance provider’s stock worth $146,397,000 after purchasing an additional 48,064 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of MGIC Investment by 1.7% in the fourth quarter. First Trust Advisors LP now owns 4,609,318 shares of the insurance provider’s stock worth $134,684,000 after purchasing an additional 76,306 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of MGIC Investment by 10.7% in the third quarter. Northern Trust Corp now owns 4,561,398 shares of the insurance provider’s stock worth $129,407,000 after purchasing an additional 441,809 shares during the last quarter. Institutional investors own 95.58% of the company’s stock.

MGIC Investment Company Profile

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.