Roth Capital Expects Increased Earnings for MGIC Investment

MGIC Investment Co. (NYSE:MTG) – Roth Capital raised their FY2024 earnings per share (EPS) estimates for shares of MGIC Investment in a research report issued to clients and investors on Tuesday, November 5th. Roth Capital analyst H. Fong now anticipates that the insurance provider will earn $2.85 per share for the year, up from their prior forecast of $2.75. 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 Q2 2025 earnings at $0.67 EPS, Q1 2026 earnings at $0.69 EPS, Q2 2026 earnings at $0.73 EPS and Q3 2026 earnings at $0.75 EPS.

MTG has been the subject of a number of other research reports. Roth Mkm increased their price target on shares of MGIC Investment from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BTIG Research raised their target price on shares of MGIC Investment from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Barclays boosted 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.50.

MGIC Investment Stock Up 1.3 %

MTG stock opened at $23.83 on Wednesday. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.25 and a beta of 1.28. MGIC Investment has a twelve month low of $17.25 and a twelve month high of $26.52. The business has a 50 day moving average price of $25.26 and a two-hundred day moving average price of $23.16. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.13.

MGIC Investment (NYSE:MTG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm had revenue of $306.65 million for the quarter, compared to analyst estimates of $306.03 million. MGIC Investment had a net margin of 63.19% and a return on equity of 14.97%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS.

MGIC Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.52 annualized dividend and a yield of 2.18%. MGIC Investment’s dividend payout ratio (DPR) is presently 19.19%.

Hedge Funds Weigh In On MGIC Investment

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in MGIC Investment by 54.9% during the first quarter. BNP Paribas Financial Markets now owns 179,179 shares of the insurance provider’s stock worth $4,006,000 after acquiring an additional 63,530 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of MGIC Investment by 110.9% during the first quarter. Janney Montgomery Scott LLC now owns 61,539 shares of the insurance provider’s stock worth $1,376,000 after purchasing an additional 32,358 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of MGIC Investment in the first quarter valued at approximately $50,000. Daiwa Securities Group Inc. boosted its stake in shares of MGIC Investment by 600.0% in the first quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the insurance provider’s stock valued at $94,000 after buying an additional 3,600 shares during the period. Finally, LSV Asset Management increased its stake in MGIC Investment by 1.6% during the 1st quarter. LSV Asset Management now owns 10,983,325 shares of the insurance provider’s stock worth $245,587,000 after acquiring an additional 174,609 shares during the period. 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.