Zacks Research Raises Earnings Estimates for MGIC Investment

MGIC Investment Corporation (NYSE:MTG) – Research analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for shares of MGIC Investment in a research note issued to investors on Wednesday, May 20th. Zacks Research analyst Team now expects that the insurance provider will post earnings of $3.13 per share for the year, up from their prior forecast of $3.09. 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 Q1 2027 earnings at $0.81 EPS.

MTG has been the subject of a number of other reports. Barclays decreased their target price 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 decreased their target price 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. Keefe, Bruyette & Woods boosted their price objective on MGIC Investment from $28.00 to $29.00 and gave the stock a “market perform” rating in a report on Friday, April 10th. Finally, Weiss Ratings lowered MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.25.

MGIC Investment Stock Performance

Shares of MGIC Investment stock opened at $26.16 on Friday. MGIC Investment has a one year low of $24.77 and a one year high of $29.97. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.81 and a beta of 0.71. The business has a 50-day simple moving average of $26.77 and a 200 day simple moving average of $27.41. 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 (NYSE:MTG) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The business had revenue of $297.08 million during the quarter, compared to analyst estimates of $303.12 million. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year.

MGIC Investment declared that its Board of Directors has authorized a share repurchase program on Thursday, April 23rd that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 12.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

MGIC Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, May 6th. MGIC Investment’s payout ratio is currently 19.05%.

Insider Buying and Selling

In other MGIC Investment news, COO Salvatore A. Miosi sold 10,931 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.25, for a total transaction of $286,938.75. Following the completion of the sale, the chief operating officer directly owned 590,951 shares of the company’s stock, valued at approximately $15,512,463.75. The trade was a 1.82% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 business’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 value of $3,687,460.98. Following the sale, the chief executive officer directly owned 1,118,005 shares of the company’s stock, valued at $29,615,952.45. This represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On MGIC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of MTG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of MGIC Investment in the 1st quarter worth approximately $2,397,000. Goldman Sachs Group Inc. boosted its stake in shares of MGIC Investment by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,103,366 shares of the insurance provider’s stock worth $76,901,000 after buying an additional 195,895 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of MGIC Investment by 88.0% in the 1st 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 last quarter. Sivia Capital Partners LLC purchased a new position in shares of MGIC Investment in the 2nd quarter worth approximately $425,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of MGIC Investment by 18.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,211 shares of the insurance provider’s stock worth $145,000 after buying an additional 830 shares during the last quarter. Hedge funds and other 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.