MGIC Investment Corp's fundamentals are relatively very weak, and its growth potential is significant.Its valuation is considered fairly valued, ranking 63/116 in the Insurance industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 27.67.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
MGIC Investment Corp's Score
Industry at a Glance
Industry Ranking
63 / 116
Overall Ranking
253 / 4550
Industry
Insurance
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
6
analysts
Hold
Current Rating
27.667
Target Price
-0.30%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
MGIC Investment Corp Highlights
StrengthsRisks
MGIC Investment Corporation, through its principal subsidiary, Mortgage Guaranty Insurance Corporation, serves lenders throughout the United States. The Company provides private mortgage insurance, other mortgage credit risk management solutions and ancillary services. Its mortgage insurance includes primary insurance, and CRT and pool insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. In connection with the GSEs' credit risk transfer programs, it provides insurance and reinsurance covering portions of the credit risk related to certain reference pools of mortgages acquired by the GSEs. Its non-insurance subsidiary provides contract underwriting services for lenders, pursuant to which loans are underwritten to conform to prescribed guidelines.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 17.17%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 17.17%.
Overvalued
The company’s latest PE is 9.29, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 227.04M shares, decreasing 8.03% quarter-over-quarter.
MGIC Investment Corporation, through its principal subsidiary, Mortgage Guaranty Insurance Corporation, serves lenders throughout the United States. The Company provides private mortgage insurance, other mortgage credit risk management solutions and ancillary services. Its mortgage insurance includes primary insurance, and CRT and pool insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. In connection with the GSEs' credit risk transfer programs, it provides insurance and reinsurance covering portions of the credit risk related to certain reference pools of mortgages acquired by the GSEs. Its non-insurance subsidiary provides contract underwriting services for lenders, pursuant to which loans are underwritten to conform to prescribed guidelines.
Ticker SymbolMTG
CompanyMGIC Investment Corp
CEOMattke (Tim J)
Websitehttps://www.mgic.com/
FAQs
What is the current price of MGIC Investment Corp (MTG)?
The current price of MGIC Investment Corp (MTG) is 29.150.
What is the symbol of MGIC Investment Corp?
The ticker symbol of MGIC Investment Corp is MTG.
What is the 52-week high of MGIC Investment Corp?
The 52-week high of MGIC Investment Corp is 29.970.
What is the 52-week low of MGIC Investment Corp?
The 52-week low of MGIC Investment Corp is 21.940.
What is the market capitalization of MGIC Investment Corp?
The market capitalization of MGIC Investment Corp is 6.59B.
What is the net income of MGIC Investment Corp?
The net income of MGIC Investment Corp is 762.99M.
Is MGIC Investment Corp (MTG) currently rated as Buy, Hold, or Sell?
According to analysts, MGIC Investment Corp (MTG) has an overall rating of Hold, with a price target of 27.667.
What is the Earnings Per Share (EPS TTM) of MGIC Investment Corp (MTG)?
The Earnings Per Share (EPS TTM) of MGIC Investment Corp (MTG) is 3.137.