MGIC Investment (NYSE:MTG) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

MGIC Investment (NYSE:MTG) announced its quarterly earnings data on Wednesday. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11, FiscalAI reports. MGIC Investment had a net margin of 59.63% and a return on equity of 14.01%. The company had revenue of $295.39 million for the quarter, compared to analysts’ expectations of $297.54 million. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue was down 2.9% compared to the same quarter last year.

MGIC Investment Price Performance

Shares of MTG stock traded down $0.41 during trading hours on Thursday, hitting $30.17. 496,645 shares of the company’s stock were exchanged, compared to its average volume of 2,052,613. MGIC Investment has a 52 week low of $24.69 and a 52 week high of $31.89. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 2.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $27.25 and its 200-day moving average is $26.93.

MGIC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 5th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, August 5th. This is a positive change from MGIC Investment’s previous quarterly dividend of $0.15. MGIC Investment’s dividend payout ratio is presently 19.05%.

MGIC Investment declared that its board has approved 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 buy up to 12.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at MGIC Investment

In other MGIC Investment news, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $25.38, for a total transaction of $761,400.00. Following the transaction, the chief operating officer directly owned 560,951 shares in the company, valued at approximately $14,236,936.38. This represents a 5.08% decrease in their position. The transaction 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, EVP Paula C. Maggio sold 20,937 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president 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 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.

Institutional Investors Weigh In On MGIC Investment

Several large investors have recently made changes to their positions in MTG. Sivia Capital Partners LLC acquired a new stake in shares of MGIC Investment during the 2nd quarter worth about $425,000. Larson Financial Group LLC grew its holdings in MGIC Investment by 3.2% during the 3rd quarter. Larson Financial Group LLC now owns 134,440 shares of the insurance provider’s stock worth $3,814,000 after acquiring an additional 4,182 shares during the last quarter. Amundi raised its stake in shares of MGIC Investment by 17.8% during the fourth quarter. Amundi now owns 89,339 shares of the insurance provider’s stock valued at $2,610,000 after acquiring an additional 13,503 shares during the last quarter. Natixis Advisors LLC grew its position in shares of MGIC Investment by 6.3% in the 4th quarter. Natixis Advisors LLC now owns 64,960 shares of the insurance provider’s stock valued at $1,898,000 after buying an additional 3,865 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of MGIC Investment in the third quarter valued at about $1,681,000. Institutional investors and hedge funds own 95.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MTG shares. Royal Bank Of Canada assumed coverage on MGIC Investment in a report on Friday, May 22nd. They issued a “sector perform” rating and a $28.00 target price on the stock. Weiss Ratings raised shares of MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. 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 report on Friday, April 10th. Finally, Barclays cut their price target on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.25.

MGIC Investment News Summary

Here are the key news stories impacting MGIC Investment this week:

• Positive Sentiment: MGIC reported second-quarter adjusted net operating income of $183.7 million, or $0.87 per diluted share, compared with analyst expectations of approximately $0.74–$0.76 per share. GAAP net income was $182.1 million, or $0.86 per share. MGIC Investment Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability remained strong, with a 14.5% return on equity and a 59.63% net margin, supporting the company’s message that disciplined execution continues to benefit results. MGIC Investment Q2 Earnings Beat Estimates
• Positive Sentiment: Zacks Research slightly raised its estimate for MTG’s first-quarter 2028 earnings to $0.84 per share from $0.83. Analysts currently expect full-year earnings of $3.05 per share.
• Neutral Sentiment: Revenue totaled $295.4 million, broadly in line with expectations, while earnings improved from $0.82 per share in the year-ago quarter. MGIC Reports Q2 Earnings: Key Metrics
• Negative Sentiment: Revenue missed the roughly $297.5 million consensus estimate and declined 2.9% year over year. The modest top-line contraction may be limiting the stock’s reaction to the earnings beat. MGIC Investment Q2 2026 Earnings Results

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.