MGIC Investment Q3 EPS Estimate Boosted by Zacks Research

MGIC Investment Corporation (NYSE:MTG) – Stock analysts at Zacks Research boosted their Q3 2027 earnings estimates for MGIC Investment in a research report issued to clients and investors on Thursday, June 25th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $0.83 per share for the quarter, up from their previous estimate of $0.82. 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 Q1 2028 earnings at $0.83 EPS and FY2028 earnings at $3.28 EPS.

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

MGIC Investment Price Performance

Shares of MTG opened at $27.88 on Monday. The company has a market capitalization of $5.90 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 1.92 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $26.50 and a 200 day moving average of $27.00. MGIC Investment has a twelve month low of $24.69 and a twelve month high of $29.97.

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

Hedge Funds Weigh In On MGIC Investment

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of MGIC Investment by 31.3% in the fourth quarter. AQR Capital Management LLC now owns 11,616,282 shares of the insurance provider’s stock worth $339,428,000 after acquiring an additional 2,771,533 shares during the period. Geode Capital Management LLC increased its position in MGIC Investment by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,371,470 shares of the insurance provider’s stock valued at $163,368,000 after acquiring an additional 146,589 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in MGIC Investment by 1.0% in the fourth quarter. Allianz Asset Management GmbH now owns 5,010,157 shares of the insurance provider’s stock valued at $146,397,000 after acquiring an additional 48,064 shares during the period. First Trust Advisors LP lifted its holdings in MGIC Investment by 1.7% in the fourth quarter. First Trust Advisors LP now owns 4,609,318 shares of the insurance provider’s stock valued at $134,684,000 after acquiring an additional 76,306 shares during the period. Finally, Northern Trust Corp boosted its position in MGIC Investment by 10.7% in the third quarter. Northern Trust Corp now owns 4,561,398 shares of the insurance provider’s stock worth $129,407,000 after purchasing an additional 441,809 shares during the last quarter. 95.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MGIC Investment

In related news, EVP Paula C. Maggio sold 20,937 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.55, for a total value of $534,940.35. Following the sale, the executive vice president owned 169,620 shares in the company, valued at approximately $4,333,791. This trade represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy J. Mattke sold 139,202 shares of MGIC Investment stock in a transaction that occurred on 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 directly owned 1,118,005 shares of the company’s stock, valued at approximately $29,615,952.45. This trade represents a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 201,070 shares of company stock worth $5,270,740 over the last quarter. Company insiders own 1.34% of the company’s stock.

MGIC Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 6th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%. MGIC Investment’s dividend payout ratio is 19.05%.

MGIC Investment announced that its board has initiated a share 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 repurchase up to 12.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

MGIC Investment Company Profile

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.