Zacks Research Boosts Earnings Estimates for MGIC Investment

MGIC Investment Corporation (NYSE:MTG) – Investment analysts at Zacks Research increased their Q4 2026 earnings estimates for MGIC Investment in a report issued on Monday, January 5th. Zacks Research analyst Team now expects that the insurance provider will earn $0.84 per share for the quarter, up from their prior estimate of $0.83. The consensus estimate for MGIC Investment’s current full-year earnings is $2.71 per share. Zacks Research also issued estimates for MGIC Investment’s Q1 2027 earnings at $0.84 EPS, Q2 2027 earnings at $0.89 EPS, Q3 2027 earnings at $0.87 EPS, Q4 2027 earnings at $0.92 EPS and FY2027 earnings at $3.52 EPS.

MGIC Investment (NYSE:MTG) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. MGIC Investment had a net margin of 61.96% and a return on equity of 14.62%. The company had revenue of $304.51 million during the quarter, compared to the consensus estimate of $308.16 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “buy (a-)” rating on shares of MGIC Investment in a report on Wednesday, October 8th. Barclays increased their price objective on MGIC Investment from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on MGIC Investment from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.00.

MGIC Investment Price Performance

Shares of MTG opened at $29.06 on Wednesday. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.59 and a beta of 0.84. The firm’s fifty day simple moving average is $28.64 and its 200-day simple moving average is $27.76. MGIC Investment has a twelve month low of $21.94 and a twelve month high of $29.97. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.12.

MGIC Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, November 6th. MGIC Investment’s payout ratio is 19.29%.

Insider Activity at MGIC Investment

In other news, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $27.52, for a total transaction of $825,600.00. Following the completion of the sale, the chief operating officer owned 159,401 shares in the company, valued at $4,386,715.52. This represents a 15.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paula C. Maggio sold 20,000 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $27.44, for a total value of $548,800.00. Following the sale, the executive vice president directly owned 117,395 shares of the company’s stock, valued at approximately $3,221,318.80. This represents a 14.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MGIC Investment

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in MGIC Investment in the 2nd quarter valued at approximately $95,857,000. AQR Capital Management LLC lifted its holdings in shares of MGIC Investment by 92.4% in the 2nd quarter. AQR Capital Management LLC now owns 6,333,091 shares of the insurance provider’s stock valued at $176,313,000 after buying an additional 3,041,446 shares during the period. First Trust Advisors LP boosted its stake in shares of MGIC Investment by 48.1% in the second quarter. First Trust Advisors LP now owns 7,302,263 shares of the insurance provider’s stock valued at $203,295,000 after buying an additional 2,370,403 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of MGIC Investment by 13.4% in the second quarter. JPMorgan Chase & Co. now owns 18,331,120 shares of the insurance provider’s stock valued at $510,338,000 after buying an additional 2,168,940 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in MGIC Investment by 40.6% during the second quarter. Allianz Asset Management GmbH now owns 5,398,356 shares of the insurance provider’s stock worth $150,290,000 after acquiring an additional 1,557,970 shares during the period. 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.