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MTG

12.81USD-0.13(-1.00%)Market Closed

MGIC Investment Corp

Market Summary

USD12.81-0.13Market Closed
-1.00%

MTG Alerts

MTG Stock Price

RSI Chart

Valuation

Market Cap

4.1B

Price/Earnings

5.4

Price/Sales

3.47

Price/Cashflow

5.76

MarketCap/EBT

4.28

Price/Sales

Profitability

EBT Margin

80.98%

Return on Equity

16.54%

Return on Assets

11.46%

Fundamentals

Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

-1%

Revenue Q/Q

-0.11%

Earnings

Earnings (TTM)

847.8M

Earnings Y/Y

58.01%

Earnings Q/Q

0.14%

Price Action

52 Week Range

11.2116.42
(Low)(High)

Last 7 days

-5.3%

Last 30 days

-3.3%

Last 90 days

-7.9%

Trailing 12 Months

-7.6%

Financial Health

Debt/Equity

0.2

Debt/Cashflow

0.77

Investor Care

Buy Backs (1Y)

8.77%

Diluted EPS (TTM)

2.67

Peers (Alternatives to MGIC Investment)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
373.5B
53.2B
0.70% -14.13%
9.57
7.02
-19.87% -18.42%
290.7B
90.7B
-10.30% -23.96%
10.38
3.2
7.11% 1.42%
175.8B
41.7B
-7.15% -9.00%
9.95
4.22
1.39% 3.49%
67.4B
20.1B
-2.96% -21.51%
11.79
3.35
15.86% -3.31%
63.7B
15.3B
0.26% -21.60%
9.38
4.55
12.60% -15.83%
MID-CAP
4.3B
1.8B
-2.92% -24.71%
6.91
2.49
8.02% -1.30%
4.2B
1.0B
-0.53% -13.00%
4.74
4.03
0.87% 38.53%
4.1B
1.2B
-3.26% -7.57%
5.4
3.47
-1.61% 38.43%
4.0B
409.3M
0.07% -21.50%
60.36
10.44
5.13% -7.95%
3.3B
1.2B
-11.40% -9.81%
4.76
2.69
-10.80% 39.41%
2.1B
290.3M
-0.19% 6.53%
24.42
7.75
5.93% -1.96%
SMALL-CAP
1.9B
515.3M
-10.25% -4.45%
7.03
3.65
9.66% 28.15%
1.7B
430.7M
-0.70% -4.49%
10.69
4.13
7.45% -4.25%
1.2B
293.8M
1.00% -27.64%
8.2
3.79
0.13% 10.36%
1.0B
257.5M
-2.49% -5.54%
10.2
4.26
5.56% -22.32%

Financials for MGIC Investment

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.3%1,1751,1781,1821,1861,194
Earnings Before Taxes12.0%1,068954832802773
Net Income12.1%848756660635612
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-6.8%6,1546,6006,8457,3257,511
    Cash Equivalents-41.0%242410477285176
  Net PPE-1.9%4445454645
Liabilities-20.4%1,6142,0272,2342,4642,634
  Long Term Debt-27.8%6639189351,1471,245
Shareholder's Equity-0.7%4,5404,5734,6104,8614,877
  Retained Earnings6.0%3,8433,6243,4003,2513,103
  Additional Paid-In Capital0.0%1,7921,7911,7841,7951,790
Accumulated Depreciation-55----
Shares Outstanding-2.0%299305313320329
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-5.8%668709726696736
Cashflow From Investing15.3%618536463-160.75-692.62
Cashflow From Financing-20.2%-1,222.24-1,016.44-892.35-527.29-246.14
  Dividend Payments3.2%1071041009489
  Buy Backs-12.9%444510414291150

Risks

What is the probability of a big loss on MTG?

71.5%


Probability that MGIC Investment stock will be more than 20% underwater in next one year

38.9%


Probability that MGIC Investment stock will be more than 30% underwater in next one year.

19.6%


Probability that MGIC Investment stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MTG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MGIC Investment was unfortunately bought at previous high price.

Returns

Cumulative Returns on MTG

21.6%


10-Year Cumulative Returns

6.1%


7-Year Cumulative Returns

-2.0%


5-Year Cumulative Returns

-0.8%


3-Year Cumulative Returns

What are the long-term rolling returns for MTG?

FIve years rolling returns for MGIC Investment.

Which funds bought or sold MTG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-11
-
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,582,000
2,582,000
0.03%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-3.71
-103,000
4,979,000
0.01%
2022-11-18
Industrial Alliance Investment Management Inc.
NEW
-
11,000
11,000
-%
2022-11-17
M&T Bank Corp
REDUCED
-4.49
153,000
229,000
-%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-
1,000
-%
2022-11-16
Advisors Capital Management, LLC
ADDED
0.32
254,000
4,096,000
0.11%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
6.63
18,000
219,000
-%
2022-11-16
Front Row Advisors LLC
NEW
-
4,000
4,000
-%
2022-11-16
GLENMEDE TRUST CO NA
ADDED
0.55
34,000
1,547,000
0.01%

1–10 of 46

Latest Funds Activity

Are funds buying MTG calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own MTG

MGIC Investment News

Nasdaq

Kemper (KMPR) Divests Reserve National, Focuses on Key Areas.17 hours ago

MTG Fair Value

Recent SEC filings of MGIC Investment

View All Filings
Date Filed Form Type Document
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading

Latest Insider Trading transactions for MTG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-23
Hartzell Jay C.
ACQUIRED
-
-
61.2194
-
2022-11-23
Poliner Gary A.
ACQUIRED
-
-
61.2194
-
2022-11-23
Kozlak Jodee A
ACQUIRED
-
-
61.2194
-
2022-11-23
Sculley Sheryl L.
ACQUIRED
-
-
61.2194
-
2022-11-23
CULVER CURT S
ACQUIRED
-
-
61.2194
-
2022-11-23
Lowman Teresita M.
ACQUIRED
-
-
53.7993
-
2022-11-23
Allen Analisa M
ACQUIRED
-
-
61.2194
-
2022-11-23
CHAPLIN C EDWARD
ACQUIRED
-
-
61.2194
-
2022-11-23
Zandi Mark
ACQUIRED
-
-
61.2194
-
2022-11-23
HOLT TIMOTHY A
ACQUIRED
-
-
61.2194
-

1–10 of 50

Timothy J. Mattke
710
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, 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 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.

MTG Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Premiums written:    
Direct$ 279,317$ 280,172$ 830,646$ 846,700
Assumed2,2052,4776,2916,810
Ceded(39,215)(35,039)(107,644)(122,664)
Net premiums written242,307247,610729,293730,846
Decrease in unearned premiums, net9,8047,23433,75530,582
Net premiums earned252,111254,844763,048761,428
Investment income, net of expenses42,54938,282121,116117,304
Net gains (losses) on investments and other financial instruments(3,258)612(8,776)5,773
Other revenue1,3972,0085,1437,050
Total revenues292,799295,746880,531891,555
Losses and expenses:    
Losses incurred, net(105,054)20,766(223,426)89,566
Amortization of deferred policy acquisition costs3,1793,2958,9019,016
Other underwriting and operating expenses, net58,47553,942166,656155,763
Loss on debt extinguishment11,632040,1300
Interest expense10,30018,01138,67353,993
Total losses and expenses(21,468)96,01430,934308,338
Income before tax314,267199,732849,597583,217
Provision for income tax64,64241,755175,691122,168
Net income$ 249,625$ 157,977$ 673,906$ 461,049
Earnings per share:    
Basic (in dollars per share)$ 0.82$ 0.47$ 2.18$ 1.36
Diluted (in dollars per share)$ 0.81$ 0.46$ 2.15$ 1.33
Weighted average common shares outstanding - basic (in shares)302,622335,938309,097338,045
Weighted average common shares outstanding - diluted (in shares)307,194353,557315,029355,481

MTG Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investment portfolio:  
Fixed income, available-for-sale, at fair value (amortized cost 2022 - $5,970,459; 2021 - $6,397,658)$ 5,400,982$ 6,587,581
Equity securities, at fair value (cost 2022 - $16,006; 2021 - $15,838)13,88516,068
Other invested assets, at cost8503,100
Total investment portfolio5,415,7176,606,749
Cash and cash equivalents241,982284,690
Restricted cash and cash equivalents7,77620,268
Accrued investment income52,86751,902
Reinsurance recoverable on loss reserves46,38466,905
Reinsurance recoverable on paid losses21436,275
Premiums receivable57,65456,540
Home office and equipment, net44,20645,614
Deferred insurance policy acquisition costs19,97521,671
Deferred income taxes, net122,2280
Other assets145,113134,394
Total assets6,154,1167,325,008
Liabilities:  
Loss reserves603,370883,522
Unearned premiums207,935241,690
Federal Home Loan Bank advance0155,000
Senior notes641,357881,508
Convertible junior subordinated debentures21,296110,204
Other liabilities140,097191,702
Total liabilities1,614,0552,463,626
Contingencies
Shareholders’ equity:  
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2022 - 371,353; 2021 - 371,353; shares outstanding 2022 - 299,478; 2021 - 320,336)371,353371,353
Paid-in capital1,792,0431,794,906
Treasury stock at cost (shares 2022 - 71,875; 2021 - 51,017)(970,870)(675,265)
Accumulated other comprehensive income (loss), net of tax(495,525)119,697
Retained earnings3,843,0603,250,691
Total shareholders’ equity4,540,0614,861,382
Total liabilities and shareholders’ equity$ 6,154,116$ 7,325,008