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MTG

MTG - MGIC Investment Corp Stock Price, Fair Value and News

19.57USD0.00 (0.00%)Delayed as of 16 Apr 2024, 01:05 pm ET

Market Summary

MTG
USD19.570.00
Delayedas of 16 Apr 2024, 01:05 pm
0.00%

MTG Stock Price

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MTG RSI Chart

MTG Valuation

Market Cap

5.3B

Price/Earnings (Trailing)

7.4

Price/Sales (Trailing)

4.57

EV/EBITDA

5.04

Price/Free Cashflow

7.42

MTG Price/Sales (Trailing)

MTG Profitability

EBT Margin

78.11%

Return on Equity

14.06%

Return on Assets

10.9%

Free Cashflow Yield

13.47%

MTG Fundamentals

MTG Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

-2.84%

Rev. Growth (Qtr)

-4.23%

MTG Earnings

Earnings (TTM)

712.9M

Earnings Growth (Yr)

-3.62%

Earnings Growth (Qtr)

0.91%

Breaking Down MTG Revenue

52 Week Range

13.9719.61
(Low)(High)

Last 7 days

-5.9%

Last 30 days

-6.8%

Last 90 days

1.9%

Trailing 12 Months

38.3%

How does MTG drawdown profile look like?

MTG Financial Health

MTG Investor Care

Buy Backs (1Y)

7.15%

Diluted EPS (TTM)

2.49

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.2B1.2B1.2B1.2B
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
2009001.7B1.7B
20080001.7B
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
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Tracking the Latest Insider Buys and Sells of MGIC Investment Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 11, 2024
maggio paula c
sold (taxes)
-1,364,960
19.75
-69,112
evp and general counsel
Mar 11, 2024
mattke timothy j.
sold (taxes)
-5,068,460
19.75
-256,631
chief executive officer
Mar 11, 2024
miosi salvatore a
sold (taxes)
-2,896,280
19.75
-146,647
president & coo
Mar 11, 2024
colson nathaniel h
sold (taxes)
-1,448,150
19.75
-73,324
executive vice president & cfo
Mar 11, 2024
thompson steven m.
sold (taxes)
-1,448,150
19.75
-73,324
evp&cro-mort gty ins corp
Mar 11, 2024
candelmo robert j
sold (taxes)
-331,859
19.75
-16,803
svp-cio of mort gty ins corp
Mar 11, 2024
sperber julie k.
sold (taxes)
-90,534
19.75
-4,584
vp-chief accounting officer
Mar 11, 2024
maggio paula c
sold (taxes)
-1,448,150
19.75
-73,324
evp and general counsel
Mar 05, 2024
lowman teresita m.
acquired
-
-
133
-
Mar 05, 2024
holt timothy a
acquired
-
-
139
-

1–10 of 50

Which funds bought or sold MTG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 12, 2024
Riverview Trust Co
new
-
21,018
21,018
0.02%
Apr 12, 2024
AdvisorNet Financial, Inc
unchanged
-
2,407
17,530
-%
Apr 12, 2024
Unison Advisors LLC
added
0.59
105,682
742,464
0.07%
Apr 12, 2024
GATEWAY INVESTMENT ADVISERS LLC
unchanged
-
149,626
1,089,780
0.01%
Apr 11, 2024
SALEM INVESTMENT COUNSELORS INC
unchanged
-
4,681
34,099
-%
Apr 11, 2024
Fortitude Family Office, LLC
unchanged
-
709
5,165
-%
Apr 10, 2024
Bank of New Hampshire
new
-
1,726,240
1,726,240
0.45%
Apr 09, 2024
Alaska Permanent Fund Corp
reduced
-4.92
286,350
3,090,150
0.05%
Apr 09, 2024
MATHER GROUP, LLC.
new
-
4,341
4,341
-%
Apr 09, 2024
MASSMUTUAL TRUST CO FSB/ADV
unchanged
-
203
1,476
-%

1–10 of 48

Are Funds Buying or Selling MTG?

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

Unveiling MGIC Investment Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
14.03%
38,899,017
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
5.2%
14,412,658
SC 13G
Feb 08, 2024
wellington management group llp
3.42%
9,473,747
SC 13G/A
Jan 25, 2024
blackrock inc.
9.0%
25,036,604
SC 13G/A
Jan 10, 2024
jpmorgan chase & co
5.3%
14,774,488
SC 13G
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

Recent SEC filings of MGIC Investment Corp

View All Filings
Date Filed Form Type Document
Apr 03, 2024
4
Insider Trading
Mar 22, 2024
ARS
ARS
Mar 22, 2024
DEF 14A
DEF 14A
Mar 15, 2024
4/A
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 11, 2024
4
Insider Trading

Peers (Alternatives to MGIC Investment Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.0T
1.2B
1.59% 3149.83%
-4.8K
823.49
-25.27% -3.53%
50.6B
41.4B
0.03% 31.25%
16.93
1.22
12.15% 5.24%
50.3B
10.1B
-8.31% 15.80%
51.87
5
17.79% -12.97%
49.7B
46.8B
-4.23% 41.99%
13.65
1.06
-14.05% -64.38%
46.3B
18.7B
-4.86% 21.24%
9.94
2.48
-2.30% 5.45%
33.6B
13.6B
-2.29% 27.80%
7.56
2.46
41.83% 201.02%
10.6B
7.8B
-4.77% 5.07%
12.39
1.35
11.18% -5.12%
MID-CAP
9.6B
12.4B
-4.15% 24.78%
7.45
0.77
3.35% -8.77%
9.0B
11.1B
-4.81% 48.51%
13.95
0.81
9.21% 132.28%
4.7B
11.6B
2.95% 33.00%
-6.29
0.41
-38.09% -155.38%
4.4B
2.8B
-1.48% 49.05%
20.79
1.54
100.59% -89.04%
SMALL-CAP
1.6B
1.2B
-7.10% 7.33%
-18.16
1.34
24.25% -115.79%
924.8M
306.9M
-4.35% -6.68%
14.89
3.01
4.11% 11.70%
647.2M
269.0M
-4.79% -5.17%
143.82
2.41
-46.68% -99.14%
43.7M
186.8M
-21.03% -14.06%
-255.33
0.23
-0.56% -111.21%

MGIC Investment Corp News

Latest updates
Defense World14 Apr 202408:48 am
Yahoo Movies Canada13 Apr 202401:58 am
Zacks Investment Research02 Apr 202410:30 am

MGIC Investment Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-4.2%284297291284292293293295294296298298302296294307312318292292286
EBITDA Margin-0.9%0.84*0.85*0.93*1.00*1.02*1.01*0.92*0.82*0.79*0.76*0.73*0.58*---------
Interest Expenses-3.8%9.009.009.009.009.0010.0013.0015.0017.0018.0018.0018.0018.0016.0013.0013.0013.0013.0014.0013.0013.00
Income Taxes-12.0%45.0052.0051.0041.0049.0065.0067.0044.0045.0042.0041.0040.0039.0034.002.0038.0046.0046.0043.0039.0037.00
Earnings Before Taxes-1.9%23023424219624031431621921920019419019016416.00188223223211191195
EBT Margin-0.5%0.78*0.78*0.86*0.92*0.93*0.91*0.81*0.70*0.68*0.65*0.62*0.47*---------
Net Income0.9%18518319115519125024917517415815315015113114.00150177177168152158
Net Income Margin-0.3%0.62*0.62*0.68*0.73*0.74*0.72*0.64*0.56*0.54*0.51*0.49*0.37*---------
Free Cashflow9.9%186169144212165122132227182162150198---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets3.3%6,5386,3326,3536,3526,2146,1546,6006,8457,1787,5117,5767,4077,2787,1506,5756,1556,1516,1476,0565,8705,678
    Cash Equivalents36.4%364267311358327250419490305186191193297389371370169172225263155
  Net PPE-1.6%39.0039.0040.0041.0041.0044.0045.0045.0046.0045.0045.0046.0047.0048.0048.0049.0050.0051.0052.0050.0052.00
Liabilities-0.7%1,4661,4771,5091,5751,5711,6142,0272,2342,4642,6342,6612,6752,6562,6362,1911,9131,9201,9872,0202,0542,096
Shareholder's Equity4.5%5,0724,8554,8444,1294,6434,5401,7913,4004,8614,8771694,7322174,5142,40137173.004,1601,8611,7993,582
  Retained Earnings3.4%4,5934,4414,2914,1294,0043,8433,6243,4003,2513,1032,9722,8402,6422,5112,4012,4072,2792,1231,9671,7991,647
  Additional Paid-In Capital0.5%1,8081,8001,7991,7921,7991,7921,7911,7841,7951,7901,7861,7821,8621,8571,8591,8551,8701,8651,8611,8561,863
Shares Outstanding-2.5%272279283288293303309316334338339339---------
Float---4,400---4,600---4,600---2,800---4,600--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations9.7%186,246169,768144,662212,286166,219122,114133,668228,011183,907162,988151,389198,033223,45688,728235,801184,324151,369176,552116,730164,881160,970
  Share Based Compensation52.8%8,5185,5757,8359,6797,0973,3337,7696,572-------------
Cashflow From Investing173.5%61,564-83,726-91,847-65,18129,52391,376-59,854349,440237,4249,169-132,843-274,499-294,447-430,593-213,619166,153-113,142-139,733-129,118-40,115-209,569
Cashflow From Financing-19.3%-152,291-127,641-102,663-113,446-112,587-382,993-144,450-392,512-302,285-177,198-20,359-27,448-21,139359,282-20,315-150,007-40,925-90,248-24,941-17,292-63,360
  Dividend Payments-2.0%31,79132,45628,62230,09629,65930,45024,72626,11225,94327,09020,35920,82720,31620,31920,31521,11120,92520,989---
  Buy Backs81.2%120,48966,50174,04176,15182,51383,98795,433123,640140,818150,000-----119,99720,00069,18524,94111,64063,360

MTG Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Premiums written:   
Direct$ 1,105,027$ 1,108,570$ 1,123,117
Assumed12,8358,5358,924
Ceded(202,821)(156,373)(163,031)
Net premiums written915,041960,732969,010
Decrease (increase) in unearned premiums37,51046,40145,409
Net premiums earned952,5511,007,1331,014,419
Investment income, net of expenses214,740167,476156,438
Net gains (losses) on investments and other financial instruments(14,141)(7,463)5,861
Other revenue1,9525,6398,957
Total revenues1,155,1021,172,7851,185,675
Losses and expenses:   
Losses incurred, net(20,856)(254,565)64,577
Amortization of deferred insurance policy acquisition costs10,82012,36612,602
Other underwriting and operating expenses, net226,004236,697198,445
Loss on debt extinguishment040,19936,914
Interest expense36,90548,05471,360
Total losses and expenses252,87382,751383,898
Income before tax902,2291,090,034801,777
Provision for income taxes189,280224,685166,794
Net income$ 712,949$ 865,349$ 634,983
Earnings per share:   
Basic (in dollars per share)$ 2.51$ 2.83$ 1.90
Diluted (in dollars per share)$ 2.49$ 2.79$ 1.85
Weighted average common shares outstanding - basic (in shares)283,605305,847334,330
Weighted average common shares outstanding - diluted (in shares)287,155311,229351,308

MTG Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investment portfolio:  
Equity securities, at fair value (cost, 2023 - $16,025; 2022 - $15,924)$ 14,771$ 14,140
Other invested assets, at cost850850
Total investment portfolio5,738,7345,424,688
Cash and cash equivalents363,666327,384
Restricted cash and cash equivalents6,9785,529
Accrued investment income58,77455,178
Reinsurance recoverable on loss reserves33,30228,240
Reinsurance recoverable on paid losses9,89618,081
Premiums receivable58,49958,000
Home office and equipment, net38,75541,419
Deferred insurance policy acquisition costs14,59119,062
Deferred income taxes, net79,782124,769
Other assets135,403111,443
Total assets6,538,3806,213,793
Liabilities:  
Loss reserves505,379557,988
Unearned premiums157,779195,289
Senior notes643,196641,724
Convertible junior subordinated debentures021,086
Other liabilities160,009154,966
Total liabilities1,466,3631,571,053
Contingencies
Shareholders' equity:  
Common stock371,353371,353
Paid-in capital1,808,1131,798,842
Treasury stock, at cost(1,384,293)(1,050,238)
Accumulated other comprehensive income (loss), net of tax(316,281)(481,511)
Retained earnings4,593,1254,004,294
Total shareholders' equity5,072,0174,642,740
Total liabilities and shareholders' equity6,538,3806,213,793
Fixed income  
Investment portfolio:  
Fixed income, available-for-sale5,601,5405,342,667
Short-Term Investments  
Investment portfolio:  
Fixed income, available-for-sale$ 121,573$ 67,031
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
 WEBSITEhttps://mtg.mgic.com
 INDUSTRYInsurance Property & Casualty
 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 Mon Apr 15 2024, market cap of MGIC Investment Corp is 5.28 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 for subscribers.

What is the fair value of MTG stock?

You can check MTG's fair value in chart for subscribers. 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 Mon Apr 15 2024, MTG's PE ratio (Price to Earnings) is 7.4 and Price to Sales (PS) ratio is 4.57. 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 0.098 (multiply by 100 for percentage) rate of return.