FY2025 EPS Estimates for MGIC Investment Lifted by Analyst

MGIC Investment Corporation (NYSE:MTG) – Investment analysts at Roth Capital lifted their FY2025 EPS estimates for MGIC Investment in a research report issued to clients and investors on Thursday, October 30th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings per share of $3.10 for the year, up from their prior forecast of $3.00. The consensus estimate for MGIC Investment’s current full-year earnings is $2.71 per share. Roth Capital also issued estimates for MGIC Investment’s Q4 2026 earnings at $0.82 EPS, Q1 2027 earnings at $0.82 EPS, Q2 2027 earnings at $0.85 EPS, Q3 2027 earnings at $0.88 EPS and FY2027 earnings at $3.45 EPS.

MTG has been the topic of several other reports. Weiss Ratings reissued a “buy (a-)” rating on shares of MGIC Investment in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of MGIC Investment from $27.00 to $28.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.83.

MGIC Investment Trading Up 1.3%

Shares of MTG opened at $28.05 on Monday. The company has a market capitalization of $6.28 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.91 and a beta of 0.88. MGIC Investment has a 1-year low of $21.94 and a 1-year high of $29.01. The firm’s 50 day simple moving average is $27.73 and its 200 day simple moving average is $26.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46.

MGIC Investment (NYSE:MTG) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The business had revenue of $304.51 million for the quarter, compared to the consensus estimate of $308.16 million. MGIC Investment had a net margin of 61.96% and a return on equity of 14.63%. MGIC Investment’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share.

MGIC Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. MGIC Investment’s dividend payout ratio (DPR) is currently 19.29%.

Insider Transactions at MGIC Investment

In related news, CEO Timothy J. Mattke sold 139,203 shares of MGIC Investment stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $26.54, for a total value of $3,694,447.62. Following the sale, the chief executive officer owned 1,100,994 shares in the company, valued at $29,220,380.76. The trade was a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Salvatore A. Miosi sold 30,000 shares of MGIC Investment stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $28.15, for a total transaction of $844,500.00. Following the completion of the sale, the chief operating officer owned 189,401 shares in the company, valued at approximately $5,331,638.15. This trade represents a 13.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 358,406 shares of company stock worth $9,684,357. Insiders own 1.05% of the company’s stock.

Institutional Trading of MGIC Investment

Several large investors have recently added to or reduced their stakes in MTG. Norges Bank bought a new stake in MGIC Investment in the second quarter valued at $95,857,000. AQR Capital Management LLC boosted its holdings in shares of MGIC Investment by 92.4% during 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 in the last quarter. First Trust Advisors LP boosted its holdings in shares of MGIC Investment by 48.1% during the 2nd 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 holdings in shares of MGIC Investment by 13.4% during the 2nd 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, Millennium Management LLC boosted its holdings in shares of MGIC Investment by 913.6% during the 1st quarter. Millennium Management LLC now owns 2,300,596 shares of the insurance provider’s stock valued at $57,009,000 after buying an additional 2,073,633 shares in the last quarter. Institutional investors own 95.58% of the company’s stock.

MGIC Investment Company Profile

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.