Zacks Research Predicts Reduced Earnings for MGIC Investment

MGIC Investment Co. (NYSE:MTG) – Equities research analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for MGIC Investment in a research note issued to investors on Monday, February 24th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings of $0.68 per share for the quarter, down from their previous forecast of $0.69. 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 FY2027 earnings at $4.10 EPS.

MGIC Investment (NYSE:MTG) last posted its quarterly earnings data on Monday, February 3rd. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. MGIC Investment had a net margin of 63.18% and a return on equity of 14.86%.

Several other analysts have also issued reports on the company. UBS Group boosted their target price on MGIC Investment from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price objective on MGIC Investment from $29.00 to $28.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Barclays upped their price target on shares of MGIC Investment from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Bank of America downgraded shares of MGIC Investment from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $26.00 to $25.00 in a research note on Monday, December 9th. Finally, Royal Bank of Canada reduced their price objective on shares of MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, MGIC Investment currently has a consensus rating of “Hold” and a consensus price target of $26.75.

MGIC Investment Stock Performance

Shares of MGIC Investment stock opened at $24.11 on Wednesday. The firm has a market capitalization of $6.11 billion, a P/E ratio of 8.31 and a beta of 1.29. The company has a current ratio of 0.48, a quick ratio of 1.25 and a debt-to-equity ratio of 0.12. MGIC Investment has a 12 month low of $19.22 and a 12 month high of $26.56. The business’s fifty day simple moving average is $24.33 and its 200 day simple moving average is $24.80.

Institutional Trading of MGIC Investment

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in MGIC Investment by 21.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,336 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 419 shares during the period. Xponance Inc. boosted its holdings in MGIC Investment by 1.3% in the fourth quarter. Xponance Inc. now owns 35,320 shares of the insurance provider’s stock worth $837,000 after purchasing an additional 442 shares during the last quarter. State of Alaska Department of Revenue grew its position in MGIC Investment by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 150,750 shares of the insurance provider’s stock worth $3,858,000 after purchasing an additional 540 shares during the period. ProShare Advisors LLC raised its stake in MGIC Investment by 4.9% during the 4th quarter. ProShare Advisors LLC now owns 11,854 shares of the insurance provider’s stock valued at $281,000 after buying an additional 553 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in MGIC Investment by 1.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 37,821 shares of the insurance provider’s stock valued at $897,000 after buying an additional 579 shares during the last quarter. 95.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MGIC Investment

In other news, CAO Julie K. Sperber sold 4,600 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $24.55, for a total transaction of $112,930.00. Following the sale, the chief accounting officer now owns 75,070 shares in the company, valued at $1,842,968.50. This represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.05% of the stock is owned by company insiders.

MGIC Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Tuesday, February 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, February 18th. MGIC Investment’s dividend payout ratio (DPR) is 17.93%.

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.