MTG Stock Price, MGIC Investment Corp Quote, Chart

Market Summary

USD19.39-0.11

Market Closed

-0.56%

MTG Stock Price

View Fullscreen

MTG RSI Chart

MTG Valuation

Market Cap

5.2B

Price/Earnings (Trailing)

7.33

Price/Sales (Trailing)

4.53

EV/EBITDA

4.99

Price/Free Cashflow

7.35

MTG Price/Sales (Trailing)

MTG Profitability

EBT Margin

78.11%

Return on Equity

14.06%

Return on Assets

10.9%

Free Cashflow Yield

13.6%

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

Last 7 days

-5.3%

Last 30 days

-7.0%

Last 90 days

2.0%

Trailing 12 Months

37.0%

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

Year	Q1	Q2	Q3	Q4
2023	1.2B	1.2B	1.2B	1.2B
2022	1.2B	1.2B	1.2B	1.2B
2021	1.2B	1.2B	1.2B	1.2B
2020	1.2B	1.2B	1.2B	1.2B
2019	1.1B	1.2B	1.2B	1.2B
2018	1.1B	1.1B	1.1B	1.1B
2017	1.1B	1.1B	1.1B	1.1B
2016	1.0B	1.1B	1.1B	1.1B
2015	977.8M	989.7M	1.0B	1.0B
2014	1.0B	972.7M	953.4M	942.6M
2013	1.3B	1.2B	1.2B	1.0B
2012	1.5B	1.5B	1.5B	1.4B
2011	1.5B	1.5B	1.4B	1.5B
2010	1.7B	1.6B	1.6B	1.5B
2009	0	0	1.7B	1.7B
2008	0	0	0	1.7B

Get all data in R, Python etc through our Historical Stock Data APIs

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>

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

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of MGIC Investment Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	-

Which funds bought or sold MTG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 16, 2024	MCF Advisors LLC	sold off	-100	-45,506	-	-%
Apr 16, 2024	Arlington Trust Co LLC	sold off	-100	-2,604	-	-%
Apr 15, 2024	Legato Capital Management LLC	unchanged	-	241,848	1,761,480	0.21%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	reduced	-1.7	4,614,130	37,716,900	0.10%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	reduced	-3.75	217,551	2,098,310	0.05%
Apr 15, 2024	Concurrent Investment Advisors, LLC	new	-	308,640	308,640	0.01%
Apr 15, 2024	NorthCrest Asset Manangement, LLC	reduced	-5.08	83,739	918,996	0.03%
Apr 15, 2024	DGS Capital Management, LLC	added	27.05	591,802	1,843,630	0.52%
Apr 15, 2024	JANICZEK WEALTH MANAGEMENT, LLC	unchanged	-	17,106	124,590	0.03%
Apr 12, 2024	Riverview Trust Co	new	-	21,018	21,018	0.02%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.2B	-0.52%	3147.63%	-4.8K	765.85	-10.27%	-34.69%
AJG	50.0B	10.1B	-8.61%	13.86%	51.49	4.96	17.79%	-12.97%
AIG	49.4B	46.8B	-3.20%	42.20%	13.57	1.06	-14.05%	-64.38%
TRV	47.3B	41.4B	1.05%	30.35%	15.83	1.14	12.15%	5.24%
AFL	46.3B	18.7B	-4.67%	20.82%	9.94	2.48	-2.30%	5.45%
ACGL	33.9B	13.6B	-1.08%	28.10%	7.63	2.49	41.83%	201.02%
AFG	10.4B	7.8B	-4.16%	4.79%	12.23	1.33	11.18%	-5.12%
MID-CAP
UNM	9.6B	12.4B	-3.30%	23.17%	7.48	0.78	3.35%	-8.77%
AIZ	8.8B	11.1B	-5.57%	43.72%	13.76	0.79	9.21%	132.28%
LNC	4.6B	11.6B	0.78%	24.49%	-6.06	0.39	-38.09%	-155.38%
AEL	4.4B	2.8B	-1.36%	48.20%	20.84	1.55	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-7.13%	4.94%	-17.62	1.3	24.25%	-115.79%
AMSF	931.5M	306.9M	-3.32%	-6.88%	15	3.04	4.11%	11.70%
AMBC	635.9M	269.0M	-5.45%	-6.75%	141.31	2.36	-46.68%	-99.14%
AAME	40.6M	186.8M	-24.35%	-17.00%	-237.43	0.22	-0.56%	-111.21%

MGIC Investment Corp News

Latest updates

MGIC Investment Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-4.2%	284	297	291	284	292	293	293	295	294	296	298	298	302	296	294	307	312	318	292	292	286
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%	9.00	9.00	9.00	9.00	9.00	10.00	13.00	15.00	17.00	18.00	18.00	18.00	18.00	16.00	13.00	13.00	13.00	13.00	14.00	13.00	13.00
Income Taxes	-12.0%	45.00	52.00	51.00	41.00	49.00	65.00	67.00	44.00	45.00	42.00	41.00	40.00	39.00	34.00	2.00	38.00	46.00	46.00	43.00	39.00	37.00
Earnings Before Taxes	-1.9%	230	234	242	196	240	314	316	219	219	200	194	190	190	164	16.00	188	223	223	211	191	195
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 Income	0.9%	185	183	191	155	191	250	249	175	174	158	153	150	151	131	14.00	150	177	177	168	152	158
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 Cashflow	9.9%	186	169	144	212	165	122	132	227	182	162	150	198	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.3%	6,538	6,332	6,353	6,352	6,214	6,154	6,600	6,845	7,178	7,511	7,576	7,407	7,278	7,150	6,575	6,155	6,151	6,147	6,056	5,870	5,678
Cash Equivalents	36.4%	364	267	311	358	327	250	419	490	305	186	191	193	297	389	371	370	169	172	225	263	155
Net PPE	-1.6%	39.00	39.00	40.00	41.00	41.00	44.00	45.00	45.00	46.00	45.00	45.00	46.00	47.00	48.00	48.00	49.00	50.00	51.00	52.00	50.00	52.00
Liabilities	-0.7%	1,466	1,477	1,509	1,575	1,571	1,614	2,027	2,234	2,464	2,634	2,661	2,675	2,656	2,636	2,191	1,913	1,920	1,987	2,020	2,054	2,096
Shareholder's Equity	4.5%	5,072	4,855	4,844	4,129	4,643	4,540	1,791	3,400	4,861	4,877	169	4,732	217	4,514	2,401	371	73.00	4,160	1,861	1,799	3,582
Retained Earnings	3.4%	4,593	4,441	4,291	4,129	4,004	3,843	3,624	3,400	3,251	3,103	2,972	2,840	2,642	2,511	2,401	2,407	2,279	2,123	1,967	1,799	1,647
Additional Paid-In Capital	0.5%	1,808	1,800	1,799	1,792	1,799	1,792	1,791	1,784	1,795	1,790	1,786	1,782	1,862	1,857	1,859	1,855	1,870	1,865	1,861	1,856	1,863
Shares Outstanding	-2.5%	272	279	283	288	293	303	309	316	334	338	339	339	-	-	-	-	-	-	-	-	-
Float	-	-	-	4,400	-	-	-	4,600	-	-	-	4,600	-	-	-	2,800	-	-	-	4,600	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	9.7%	186,246	169,768	144,662	212,286	166,219	122,114	133,668	228,011	183,907	162,988	151,389	198,033	223,456	88,728	235,801	184,324	151,369	176,552	116,730	164,881	160,970
Share Based Compensation	52.8%	8,518	5,575	7,835	9,679	7,097	3,333	7,769	6,572	-	-	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	173.5%	61,564	-83,726	-91,847	-65,181	29,523	91,376	-59,854	349,440	237,424	9,169	-132,843	-274,499	-294,447	-430,593	-213,619	166,153	-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	-21,139	359,282	-20,315	-150,007	-40,925	-90,248	-24,941	-17,292	-63,360
Dividend Payments	-2.0%	31,791	32,456	28,622	30,096	29,659	30,450	24,726	26,112	25,943	27,090	20,359	20,827	20,316	20,319	20,315	21,111	20,925	20,989	-	-	-
Buy Backs	81.2%	120,489	66,501	74,041	76,151	82,513	83,987	95,433	123,640	140,818	150,000	-	-	-	-	-	119,997	20,000	69,185	24,941	11,640	63,360

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
Assumed	12,835	8,535	8,924
Ceded	(202,821)	(156,373)	(163,031)
Net premiums written	915,041	960,732	969,010
Decrease (increase) in unearned premiums	37,510	46,401	45,409
Net premiums earned	952,551	1,007,133	1,014,419
Investment income, net of expenses	214,740	167,476	156,438
Net gains (losses) on investments and other financial instruments	(14,141)	(7,463)	5,861
Other revenue	1,952	5,639	8,957
Total revenues	1,155,102	1,172,785	1,185,675
Losses and expenses:
Losses incurred, net	(20,856)	(254,565)	64,577
Amortization of deferred insurance policy acquisition costs	10,820	12,366	12,602
Other underwriting and operating expenses, net	226,004	236,697	198,445
Loss on debt extinguishment	0	40,199	36,914
Interest expense	36,905	48,054	71,360
Total losses and expenses	252,873	82,751	383,898
Income before tax	902,229	1,090,034	801,777
Provision for income taxes	189,280	224,685	166,794
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)	283,605	305,847	334,330
Weighted average common shares outstanding - diluted (in shares)	287,155	311,229	351,308

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 cost	850	850
Total investment portfolio	5,738,734	5,424,688
Cash and cash equivalents	363,666	327,384
Restricted cash and cash equivalents	6,978	5,529
Accrued investment income	58,774	55,178
Reinsurance recoverable on loss reserves	33,302	28,240
Reinsurance recoverable on paid losses	9,896	18,081
Premiums receivable	58,499	58,000
Home office and equipment, net	38,755	41,419
Deferred insurance policy acquisition costs	14,591	19,062
Deferred income taxes, net	79,782	124,769
Other assets	135,403	111,443
Total assets	6,538,380	6,213,793
Liabilities:
Loss reserves	505,379	557,988
Unearned premiums	157,779	195,289
Senior notes	643,196	641,724
Convertible junior subordinated debentures	0	21,086
Other liabilities	160,009	154,966
Total liabilities	1,466,363	1,571,053
Contingencies
Shareholders' equity:
Common stock	371,353	371,353
Paid-in capital	1,808,113	1,798,842
Treasury stock, at cost	(1,384,293)	(1,050,238)
Accumulated other comprehensive income (loss), net of tax	(316,281)	(481,511)
Retained earnings	4,593,125	4,004,294
Total shareholders' equity	5,072,017	4,642,740
Total liabilities and shareholders' equity	6,538,380	6,213,793
Fixed income
Investment portfolio:
Fixed income, available-for-sale	5,601,540	5,342,667
Short-Term Investments
Investment portfolio:
Fixed income, available-for-sale	$ 121,573	$ 67,031

About MGIC Investment Corp

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	Mr. Timothy James Mattke
WEBSITE	https://mtg.mgic.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	683

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 Tue Apr 16 2024, market cap of MGIC Investment Corp is 5.26 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 Tue Apr 16 2024, MTG's PE ratio (Price to Earnings) is 7.38 and Price to Sales (PS) ratio is 4.56. 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.