Zacks Research Forecasts Higher Earnings for MGIC Investment

MGIC Investment Corporation (NYSE:MTG) – Research analysts at Zacks Research upped their Q3 2026 earnings per share estimates for MGIC Investment in a note issued to investors on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $0.79 per share for the quarter, up from their previous estimate of $0.78. The consensus estimate for MGIC Investment’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for MGIC Investment’s Q2 2027 earnings at $0.82 EPS, Q4 2027 earnings at $0.88 EPS, FY2027 earnings at $3.35 EPS and Q1 2028 earnings at $0.87 EPS.

MTG has been the subject of several other reports. Barclays reduced their price target on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. UBS Group reduced their price target on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Weiss Ratings cut MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, February 5th. Finally, Keefe, Bruyette & Woods lifted 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. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.25.

MGIC Investment Price Performance

Shares of NYSE MTG opened at $26.37 on Thursday. The stock has a market cap of $5.58 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.71. MGIC Investment has a fifty-two week low of $24.77 and a fifty-two week high of $29.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a fifty day moving average of $26.78 and a 200-day moving average of $27.42.

MGIC Investment (NYSE:MTG) last announced 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 company had revenue of $297.08 million during 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 firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share.

MGIC Investment announced that its Board of Directors has initiated a stock buyback program on Thursday, April 23rd that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 12.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

MGIC Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Wednesday, May 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $0.60 annualized dividend and a yield of 2.3%. MGIC Investment’s dividend payout ratio (DPR) is currently 19.05%.

Insider Buying and Selling at MGIC Investment

In other MGIC Investment news, CEO Timothy J. Mattke sold 139,202 shares of MGIC Investment stock in a transaction dated 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 sale, the chief executive officer owned 1,118,005 shares of the company’s stock, valued at $29,615,952.45. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 10,931 shares of MGIC Investment stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.25, for a total value of $286,938.75. Following the sale, the chief operating officer directly owned 590,951 shares of the company’s stock, valued at approximately $15,512,463.75. This trade represents a 1.82% 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 Investors Weigh In On MGIC Investment

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in MGIC Investment by 15.4% during the first quarter. Bank of America Corp DE now owns 1,415,378 shares of the insurance provider’s stock worth $37,154,000 after purchasing an additional 188,519 shares during the last quarter. Bull Harbor Capital LLC bought a new stake in MGIC Investment during the first quarter worth about $352,000. Strategic Investment Advisors MI bought a new stake in MGIC Investment during the first quarter worth about $382,000. South Dakota Investment Council lifted its stake in MGIC Investment by 29.7% during the first quarter. South Dakota Investment Council now owns 335,644 shares of the insurance provider’s stock worth $8,811,000 after purchasing an additional 76,800 shares during the last quarter. Finally, Amundi lifted its stake in MGIC Investment by 23.2% during the first quarter. Amundi now owns 110,053 shares of the insurance provider’s stock worth $2,889,000 after purchasing an additional 20,714 shares during the last quarter. Institutional investors own 95.58% of the company’s stock.

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.