FY2026 EPS Forecast for MGIC Investment Decreased by Analyst

MGIC Investment Corporation (NYSE:MTG) – Zacks Research cut their FY2026 earnings per share estimates for shares of MGIC Investment in a report issued on Thursday, June 25th. Zacks Research analyst Team now anticipates that the insurance provider will earn $3.09 per share for the year, down from their prior forecast of $3.10. The consensus estimate for MGIC Investment’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for MGIC Investment’s Q2 2027 earnings at $0.79 EPS and FY2027 earnings at $3.27 EPS.

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

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MGIC Investment in a research note on Monday, June 15th. Barclays dropped their price objective on shares of MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. UBS Group reduced their target price on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Keefe, Bruyette & Woods raised their price target on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Friday, April 10th. Finally, Royal Bank Of Canada started coverage on MGIC Investment in a research note on Friday, May 22nd. They set a “sector perform” rating and a $28.00 price target for the company. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, MGIC Investment presently has a consensus rating of “Hold” and a consensus target price of $28.25.

MGIC Investment Stock Up 1.2%

Shares of NYSE MTG opened at $27.36 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $26.49 and a 200-day moving average of $27.00. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.86 and a beta of 0.68. MGIC Investment has a 12 month low of $24.69 and a 12 month high of $29.97.

Hedge Funds Weigh In On MGIC Investment

Several institutional investors and hedge funds have recently bought and sold shares of MTG. Newbridge Financial Services Group Inc. purchased a new position in MGIC Investment in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of MGIC Investment in the fourth quarter worth $36,000. SBI Securities Co. Ltd. increased its stake in shares of MGIC Investment by 40.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,461 shares of the insurance provider’s stock worth $43,000 after buying an additional 420 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of MGIC Investment by 88.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider’s stock worth $43,000 after buying an additional 817 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in MGIC Investment by 24.7% during the 3rd quarter. Clearstead Advisors LLC now owns 2,209 shares of the insurance provider’s stock valued at $63,000 after buying an additional 438 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MGIC Investment news, EVP Paula C. Maggio sold 20,937 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.55, for a total transaction of $534,940.35. Following the completion of the sale, the executive vice president directly owned 169,620 shares in the company, valued at $4,333,791. This represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 dated Thursday, April 2nd. The shares were sold at an average price of $26.49, for a total value of $3,687,460.98. Following the transaction, the chief executive officer directly owned 1,118,005 shares in the company, valued at $29,615,952.45. This trade represents a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 201,070 shares of company stock valued at $5,270,740 over the last three months. Insiders own 1.34% of the company’s stock.

MGIC Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.60 annualized dividend and a yield of 2.2%. MGIC Investment’s payout ratio is currently 19.05%.

MGIC Investment announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 23rd that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to buy up to 12.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.