Q4 EPS Estimates for MGIC Investment Reduced by Roth Capital

MGIC Investment Co. (NYSE:MTG) – Roth Capital decreased their Q4 2024 earnings per share estimates for shares of MGIC Investment in a report released on Tuesday, November 5th. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.68. The consensus estimate for MGIC Investment’s current full-year earnings is $2.76 per share. Roth Capital also issued estimates for MGIC Investment’s Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.71 EPS and FY2026 earnings at $2.95 EPS.

A number of other brokerages have also recently commented on MTG. Royal Bank of Canada reduced their target price on shares of MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday. Roth Mkm upped their price objective on MGIC Investment from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BTIG Research lifted their target price on MGIC Investment from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Barclays upped their price target on MGIC Investment from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

MGIC Investment Price Performance

NYSE MTG opened at $24.56 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.11 and a quick ratio of 1.11. MGIC Investment has a 1-year low of $17.25 and a 1-year high of $26.52. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.25 and a beta of 1.28. The business’s fifty day moving average price is $25.24 and its 200-day moving average price is $23.18.

MGIC Investment (NYSE:MTG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. MGIC Investment had a net margin of 64.09% and a return on equity of 15.14%. The firm had revenue of $306.65 million during the quarter, compared to analyst estimates of $306.03 million. During the same period in the previous year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.

Institutional Trading of MGIC Investment

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in MGIC Investment by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,145,206 shares of the insurance provider’s stock worth $326,375,000 after purchasing an additional 556,859 shares during the period. LSV Asset Management lifted its holdings in shares of MGIC Investment by 1.6% in the first quarter. LSV Asset Management now owns 10,983,325 shares of the insurance provider’s stock worth $245,587,000 after buying an additional 174,609 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of MGIC Investment by 2.4% during the first quarter. Clearbridge Investments LLC now owns 6,008,042 shares of the insurance provider’s stock worth $134,340,000 after acquiring an additional 139,562 shares during the last quarter. American Century Companies Inc. grew its stake in MGIC Investment by 1.5% during the second quarter. American Century Companies Inc. now owns 3,395,208 shares of the insurance provider’s stock valued at $73,167,000 after acquiring an additional 50,307 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in MGIC Investment by 134.8% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,537,972 shares of the insurance provider’s stock valued at $34,389,000 after acquiring an additional 882,984 shares during the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.

MGIC Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 2.12%. MGIC Investment’s payout ratio is 18.31%.

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.