Zacks Research Lifts Earnings Estimates for MGIC Investment

MGIC Investment Co. (NYSE:MTG) – Equities research analysts at Zacks Research upped their Q1 2025 EPS estimates for shares of MGIC Investment in a note issued to investors on Monday, February 24th. Zacks Research analyst R. Department now forecasts that the insurance provider will earn $0.65 per share for the quarter, up from their previous estimate of $0.61. 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 Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.68 EPS, FY2025 earnings at $2.69 EPS, Q1 2026 earnings at $0.69 EPS, Q2 2026 earnings at $0.70 EPS, Q4 2026 earnings at $0.71 EPS and FY2026 earnings at $2.77 EPS.

MGIC Investment (NYSE:MTG) last issued its quarterly earnings data on Monday, February 3rd. The insurance provider reported $0.72 EPS for the quarter, topping the consensus estimate 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 research analysts have also issued reports on MTG. Barclays increased their price target on shares of MGIC Investment from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. UBS Group increased their price target on shares of MGIC Investment from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Bank of America lowered shares of MGIC Investment from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $26.00 to $25.00 in a research note on Monday, December 9th. Keefe, Bruyette & Woods cut their price objective on shares of MGIC Investment from $29.00 to $28.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Finally, Compass Point reissued a “neutral” rating and set a $27.00 price objective (up from $24.00) on shares of MGIC Investment in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.75.

MGIC Investment Stock Up 0.5 %

Shares of MGIC Investment stock opened at $24.24 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.48 and a quick ratio of 1.25. The company has a 50-day moving average of $24.35 and a 200 day moving average of $24.80. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 8.36 and a beta of 1.29. MGIC Investment has a 1 year low of $19.26 and a 1 year high of $26.56.

MGIC Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, February 18th. MGIC Investment’s payout ratio is presently 17.93%.

Insider Activity

In other news, CAO Julie K. Sperber sold 4,600 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,842,968.50. This trade represents a 5.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.05% of the company’s stock.

Institutional Trading of MGIC Investment

A number of institutional investors have recently made changes to their positions in the stock. Peak Retirement Planning Inc. bought a new position in shares of MGIC Investment in the 4th quarter worth approximately $512,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MGIC Investment by 3.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,206,491 shares of the insurance provider’s stock worth $28,606,000 after purchasing an additional 45,448 shares during the period. Squarepoint Ops LLC lifted its stake in shares of MGIC Investment by 423.3% in the 4th quarter. Squarepoint Ops LLC now owns 493,749 shares of the insurance provider’s stock worth $11,707,000 after purchasing an additional 399,397 shares during the period. Two Sigma Advisers LP lifted its stake in shares of MGIC Investment by 11.0% in the 4th quarter. Two Sigma Advisers LP now owns 81,600 shares of the insurance provider’s stock worth $1,935,000 after purchasing an additional 8,100 shares during the period. Finally, State of Wyoming lifted its stake in shares of MGIC Investment by 11.4% in the 4th quarter. State of Wyoming now owns 31,091 shares of the insurance provider’s stock worth $737,000 after purchasing an additional 3,180 shares during the period. Hedge funds and other institutional investors own 95.58% of the company’s stock.

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.