Grufity logoGrufity logo
ScreenerStocksFundsSectorsWatchlists
MTG

MGIC Investment Corp

MTG

18.08USD+0.33 (+1.86%)Market Closed
Watchlist

Market Summary

USD18.08+0.33
Market Closed
1.86%

MTG Stock Price

View Fullscreen

MTG RSI Chart

MTG Valuation

Market Cap

5.1B

Price/Earnings (Trailing)

7.02

Price/Sales (Trailing)

4.34

EV/EBITDA

4.83

Price/Free Cashflow

7.32

MTG Price/Sales (Trailing)

MTG Profitability

EBT Margin

78.46%

Return on Equity

14.83%

Return on Assets

11.37%

Free Cashflow Yield

13.67%

MTG Fundamentals

MTG Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

1.27%

Revenue Q/Q

2.01%

MTG Earnings

Earnings (TTM)

719.9M

Earnings Y/Y

-26.75%

Earnings Q/Q

-4.3%

Price Action

Last 7 days

2.0%

Last 30 days

4.0%

Last 90 days

4.0%

Trailing 12 Months

37.9%

How does MTG drawdown profile look like?

MTG Financial Health

MTG Investor Care

Buy Backs (1Y)

7.65%

Diluted EPS (TTM)

2.47

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.2B1.2B1.2B0
20221.2B1.2B1.2B1.2B
20211.2B1.2B1.2B1.2B
20201.2B1.2B1.2B1.2B
20191.1B1.2B1.2B1.2B
20181.1B1.1B1.1B1.1B
20171.1B1.1B1.1B1.1B
20161.0B1.1B1.1B1.1B
2015977.8M989.7M1.0B1.0B
20141.0B972.7M953.4M942.6M
20131.3B1.2B1.2B1.0B
20121.5B1.5B1.5B1.4B
20111.5B1.5B1.4B1.5B
20101.7B1.6B1.6B1.5B
20091.7B1.7B1.7B1.7B
20080001.7B

Latest Insider Trading transactions for MTG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Nov 28, 2023
allen analisa m
acquired
-
-
114
-
Nov 28, 2023
sculley sheryl l.
acquired
-
-
114
-
Nov 28, 2023
lehman michael e
acquired
-
-
134
-
Nov 28, 2023
culver curt s
acquired
-
-
58.812
-
Nov 28, 2023
lowman teresita m.
acquired
-
-
107
-
Nov 28, 2023
kozlak jodee a
acquired
-
-
114
-
Nov 28, 2023
zandi mark
acquired
-
-
58.812
-
Nov 28, 2023
holt timothy a
acquired
-
-
114
-
Nov 28, 2023
chaplin c edward
acquired
-
-
58.812
-
Nov 28, 2023
hartzell jay c.
acquired
-
-
114
-

1–10 of 50

Which funds bought or sold MTG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 07, 2023
Hudson Bay Capital Management LP
sold off
-100
-6,316,000
-
-%
Dec 06, 2023
CITIGROUP INC
reduced
-48.33
-893,567
1,075,300
-%
Nov 30, 2023
Neo Ivy Capital Management
sold off
-100
-124,000
-
-%
Nov 27, 2023
USA FINANCIAL FORMULAS
new
-
99,890
99,890
0.15%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-71.44
-2,462,720
1,065,170
-%
Nov 21, 2023
Walleye Capital LLC
reduced
-3.74
79,509
4,633,660
0.01%
Nov 21, 2023
Almitas Capital LLC
reduced
-24.79
-211,146
632,985
0.30%
Nov 21, 2023
Walleye Trading LLC
sold off
-100
-487,153
-
-%
Nov 21, 2023
COMERICA BANK
reduced
-66.88
2,118,450
2,118,450
0.01%
Nov 17, 2023
Diversified Trust Co
added
137
375,014
623,738
0.02%

1–10 of 48

Latest Funds Activity

Are funds buying MTG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MTG
No. of Funds

Schedule 13G FIlings of MGIC Investment Corp

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
13.53%
40,192,185
SC 13G/A
Feb 06, 2023
wellington management group llp
5.12%
15,208,741
SC 13G/A
Jan 24, 2023
blackrock inc.
9.6%
28,494,884
SC 13G/A
Mar 09, 2022
vanguard group inc
10.49%
33,120,155
SC 13G/A
Feb 10, 2022
vanguard group inc
9.79%
31,859,674
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 04, 2022
wellington management group llp
6.90%
22,466,040
SC 13G/A
Feb 01, 2022
blackrock inc.
8.5%
27,745,345
SC 13G/A
Jan 31, 2022
goldman sachs group inc
0.6%
1,945,570
SC 13G/A

Recent SEC filings of MGIC Investment Corp

View All Filings
Date Filed Form Type Document
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading

Peers (Alternatives to MGIC Investment Corp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
52.0B
9.7B
-1.87% 23.92%
45.72
5.38
13.81% 5.58%
49.6B
19.0B
2.78% 18.09%
10.86
2.61
-8.29% -10.06%
47.6B
49.4B
4.71% 6.50%
11.87
0.96
-13.81% -70.07%
41.4B
40.1B
7.50% -2.96%
18.95
1.03
10.52% -34.92%
29.2B
12.8B
-5.73% 30.94%
9.85
2.29
66.43% 139.35%
MID-CAP
9.7B
7.7B
6.07% -13.37%
11.27
1.27
11.70% -11.46%
9.2B
12.2B
-0.97% 5.80%
6.51
0.77
2.39% 4.64%
8.8B
10.8B
5.09% 29.64%
16.74
0.82
6.78% 60.32%
4.4B
2.4B
3.26% 38.00%
3.98
1.8
30.04% -43.02%
4.1B
14.8B
7.75% -19.82%
3.19
0.28
-26.79% 3.19%
SMALL-CAP
1.2B
1.2B
-0.62% -27.41%
-11.11
0.98
32.00% -553.83%
1.1B
1.5B
0.60% 15.65%
-5.62
0.73
-24.08% -3.53%
918.2M
306.5M
-5.66% -6.34%
14.41
3
4.48% 66.05%
741.1M
413.5M
22.39% 1.17%
3.8
1.79
22.34% -40.00%
39.0M
185.3M
11.05% -26.25%
12.56
0.21
-3.68% -1.30%

MGIC Investment Corp News

Latest updates
Stocks Register09 Dec 202305:04 pm10 hours ago
InvestorsObserver08 Dec 202311:35 am39 hours ago
Nasdaq05 Dec 202311:22 am4 days ago
Yahoo Finance29 Nov 202309:46 am10 days ago
Nasdaq06 Nov 202308:00 am33 days ago
Yahoo Finance31 Oct 202307:00 am39 days ago
The Business Journals25 Oct 202307:00 am45 days ago
Fox Business24 Oct 202307:00 am46 days ago
Fox Business09 Aug 202307:00 am4 months ago
Fox Business19 Jun 202307:00 am5 months ago
Fox Business11 Aug 202207:00 am16 months ago
Reuters11 Jan 202208:00 am23 months ago
ThinkMarkets15 Jun 202104:37 pm2 years ago
TMS Brokers13 May 202104:04 pm2 years ago
TMS Brokers16 Nov 201904:39 pm4 years ago

Financials for MGIC Investment Corp

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue2.0%297291284292293293295294296298298302296294307312318292292286290
EBITDA Margin-8.2%0.85*0.93*1.00*1.02*1.01*0.92*0.82*0.79*0.76*0.73*0.58*0.56*0.58*0.61*0.77*------
Interest Expenses-1.3%9.009.009.009.0010.0013.0015.0017.0018.0018.0018.0018.0016.0013.0013.0013.0013.0014.0013.0013.0013.00
Income Taxes0.4%52.0051.0041.0049.0065.0067.0044.0045.0042.0041.0040.0039.0034.002.0038.0046.0046.0043.0039.0037.0050.00
Earnings Before Taxes-3.3%23424219624031431621921920019419019016416.00188223223211191195232
EBT Margin-8.3%0.78*0.86*0.92*0.93*0.91*0.81*0.70*0.68*0.65*0.62*0.47*0.47*0.49*0.53*0.69*------
Net Income-4.3%18319115519125024917517415815315015113114.00150177177168152158182
Net Income Margin-8.8%0.62*0.68*0.73*0.74*0.72*0.64*0.56*0.54*0.51*0.49*0.37*0.37*0.39*0.42*0.55*------
Free Cashflow17.1%16914421216512213222718216215019822287.00235184------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-0.3%6,3326,3536,3526,2146,1546,6006,8457,3257,5117,5767,4077,3557,1506,5756,1556,2306,1476,0565,8705,6785,657
    Cash Equivalents-14.2%267311358327250419490305186191193297389371370169172225263155267
  Net PPE-0.8%39.0040.0041.0041.0044.0045.0045.0046.0045.0045.0046.0047.0048.0048.0049.0050.0051.0052.0050.0052.0050.00
Liabilities-2.1%1,4771,5091,5751,5711,6142,0272,2342,4642,6342,6612,6752,6562,6362,1911,9131,9201,9872,0202,0542,0962,168
Shareholder's Equity0.2%4,8554,8444,7784,6434,5404,5734,6104,8614,8774,9154,7324,6994,5144,3834,2424,3094,1604,0363,8163,5823,490
  Retained Earnings3.5%4,4414,2914,1294,0043,8433,6243,4003,2513,1032,9722,8402,6422,5112,4012,4072,2792,1231,9671,7991,6471,490
  Additional Paid-In Capital0.0%1,8001,7991,7921,7991,7921,7911,7841,7951,7901,7861,7821,8621,8571,8591,8551,8701,8651,8611,8561,8631,858
Shares Outstanding-1.4%279283288293303309316320336339339339339339344347351356356355362
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations17.4%169,768,000144,662,000212,286,000166,219,000122,114,000133,668,000228,011,000183,907,000162,988,000151,389,000198,033,000223,456,00088,728,000235,801,000184,324,000151,369,000176,552,000116,730,000164,881,000160,970,000120,954,000
  Share Based Compensation-28.8%5,575,0007,835,0009,679,0007,097,0003,333,0007,769,0006,572,0005,032,000-------------
Cashflow From Investing8.8%-83,726,000-91,847,000-65,181,00029,523,00091,376,000-59,854,000349,440,000237,424,0009,169,000-132,843,000-274,499,000-294,447,000-430,593,000-213,619,000166,153,000-113,142,000-139,733,000-129,118,000-40,115,000-209,569,000-45,793,000
Cashflow From Financing-24.3%-127,641,000-102,663,000-113,446,000-112,587,000-382,993,000-144,450,000-392,512,000-302,285,000-177,198,000-20,359,000-27,448,000-21,139,000359,282,000-20,315,000-150,007,000-40,925,000-90,248,000-24,941,000-17,292,000-63,360,000-58,000
  Dividend Payments13.4%32,456,00028,622,00030,096,00029,659,00030,450,00024,726,00026,112,00025,943,00027,090,00020,359,00020,827,00020,316,00020,319,00020,315,00021,111,00020,925,00020,989,000----
  Buy Backs-10.2%66,501,00074,041,00076,151,00082,513,00083,987,00095,433,000123,640,000140,818,000150,000,000-----119,997,00020,000,00069,185,00024,941,00011,640,00063,360,000-

MTG Income Statement

2023-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Premiums written:    
Direct$ 280,885$ 279,317$ 828,211$ 830,646
Assumed3,7702,2059,5386,291
Ceded(50,164)(39,215)(141,842)(107,644)
Net premiums written234,491242,307695,907729,293
Decrease in unearned premiums, net6,7869,80430,19633,755
Net premiums earned241,277252,111726,103763,048
Investment income, net of expenses55,37542,549156,938121,116
Net gains (losses) on investments and other financial instruments(695)(3,258)(13,380)(8,776)
Other revenue5481,3971,4845,143
Total revenues296,505292,799871,145880,531
Losses and expenses:    
Losses incurred, net(77)(105,054)(11,322)(223,426)
Amortization of deferred policy acquisition costs2,8023,1797,8898,901
Other underwriting and operating expenses, net50,13058,475174,191166,656
Loss on debt extinguishment011,632040,130
Interest expense9,25410,30028,00538,673
Total losses and expenses62,109(21,468)198,76330,934
Income before tax234,396314,267672,382849,597
Provision for income tax51,55264,642143,937175,691
Net income$ 182,844$ 249,625$ 528,445$ 673,906
Earnings per share:    
Basic (in dollars per share)$ 0.65$ 0.82$ 1.85$ 2.18
Diluted (in dollars per share)$ 0.64$ 0.81$ 1.83$ 2.15
Weighted average common shares outstanding - basic (in shares)281,757302,622286,184309,097
Weighted average common shares outstanding - diluted (in shares)285,600307,194289,924315,029

MTG Balance Sheet

2023-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Investment portfolio:  
Fixed income, available-for-sale, at fair value (amortized cost 2023 - $6,130,009; 2022 - $5,926,785)$ 5,581,537$ 5,409,698
Equity securities, at fair value (cost 2023 - $15,998; 2022 - $15,924)13,94914,140
Other invested assets, at cost850850
Total investment portfolio5,596,3365,424,688
Cash and cash equivalents266,543327,384
Restricted cash and cash equivalents8,5825,529
Accrued investment income58,49955,178
Reinsurance recoverable on loss reserves40,93428,240
Reinsurance recoverable on paid losses26518,081
Premiums receivable57,60658,000
Home office and equipment, net39,37941,419
Deferred insurance policy acquisition costs15,90519,062
Deferred income taxes, net132,030124,769
Other assets115,600111,443
Total assets6,331,6796,213,793
Liabilities:  
Loss reserves525,528557,988
Unearned premiums165,093195,289
Senior notes642,828641,724
Convertible junior subordinated debentures021,086
Other liabilities143,525154,966
Total liabilities1,476,9741,571,053
Contingencies
Shareholders’ equity:  
Common stock371,353371,353
Paid-in capital1,799,6241,798,842
Treasury stock at cost(1,260,422)(1,050,238)
Accumulated other comprehensive income (loss), net of tax(496,895)(481,511)
Retained earnings4,441,0454,004,294
Total shareholders’ equity4,854,7054,642,740
Total liabilities and shareholders’ equity$ 6,331,679$ 6,213,793
MTG
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. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
 CEO
 WEBSITEmtg.mgic.com
 EMPLOYEES683

MGIC Investment Corp Frequently Asked Questions


What is the ticker symbol for MGIC Investment Corp? What does MTG stand for in stocks?

MTG is the stock ticker symbol of MGIC Investment Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of MGIC Investment Corp (MTG)?

As of Fri Dec 08 2023, market cap of MGIC Investment Corp is 5.05 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MTG stock?

You can check MTG's fair value in chart. The fair value of MGIC Investment Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of MGIC Investment Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MTG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is MGIC Investment Corp a good stock to buy?

The fair value guage provides a quick view whether MTG is over valued or under valued. Whether MGIC Investment Corp is cheap or expensive depends on the assumptions which impact MGIC Investment Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MTG.

What is MGIC Investment Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Dec 08 2023, MTG's PE ratio (Price to Earnings) is 7.02 and Price to Sales (PS) ratio is 4.34. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MTG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on MGIC Investment Corp's stock?

In the past 10 years, MGIC Investment Corp has provided 0.088 (multiply by 100 for percentage) rate of return.