Roth Capital Predicts Increased Earnings for MGIC Investment

MGIC Investment Co. (NYSE:MTG) – Analysts at Roth Capital lifted their Q4 2026 earnings per share (EPS) estimates for shares of MGIC Investment in a report issued on Wednesday, May 21st. Roth Capital analyst H. Fong now anticipates that the insurance provider will earn $0.82 per share for the quarter, up from their previous estimate of $0.77. The consensus estimate for MGIC Investment’s current full-year earnings is $2.71 per share.

Other analysts have also issued reports about the company. UBS Group raised their price objective on MGIC Investment from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Compass Point raised their price objective on MGIC Investment from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday. Barclays raised their price objective on MGIC Investment from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods reduced their price objective on MGIC Investment from $28.00 to $26.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, MGIC Investment presently has a consensus rating of “Hold” and a consensus price target of $26.63.

MGIC Investment Stock Performance

MTG opened at $26.02 on Friday. The firm has a market cap of $6.18 billion, a P/E ratio of 8.97 and a beta of 0.91. MGIC Investment has a 52-week low of $20.11 and a 52-week high of $26.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 0.48. The business’s fifty day moving average is $24.80 and its 200-day moving average is $24.57.

MGIC Investment (NYSE:MTG) last released its earnings results on Wednesday, April 30th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $306.23 million for the quarter, compared to analyst estimates of $306.66 million. MGIC Investment had a return on equity of 14.86% and a net margin of 63.18%. MGIC Investment’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS.

Hedge Funds Weigh In On MGIC Investment

Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in MGIC Investment by 88.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 817 shares during the last quarter. Jane Street Group LLC raised its position in MGIC Investment by 5,891.9% in the first quarter. Jane Street Group LLC now owns 1,373,050 shares of the insurance provider’s stock valued at $34,024,000 after purchasing an additional 1,350,135 shares during the last quarter. Bayforest Capital Ltd raised its position in MGIC Investment by 95.8% in the first quarter. Bayforest Capital Ltd now owns 10,654 shares of the insurance provider’s stock valued at $264,000 after purchasing an additional 5,214 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in MGIC Investment by 2.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,239,395 shares of the insurance provider’s stock valued at $30,712,000 after purchasing an additional 32,904 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in MGIC Investment in the first quarter valued at about $1,752,000. 95.58% of the stock is currently owned by institutional investors.

MGIC Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Thursday, May 8th were given a $0.13 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.52 annualized dividend and a yield of 2.00%. MGIC Investment’s dividend payout ratio is presently 17.28%.

MGIC Investment declared that its board has approved a stock repurchase plan on Thursday, April 24th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

About MGIC Investment

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.