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

20.88USD-0.30 (-1.42%)Market Closed

Market Summary

USD20.88-0.30

Market Closed

-1.42%

MTG Stock Price

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MTG RSI Chart

MTG Valuation

Market Cap

5.6B

Price/Earnings (Trailing)

7.6

Price/Sales (Trailing)

4.78

EV/EBITDA

5.16

Price/Free Cashflow

8.07

MTG Price/Sales (Trailing)

MTG Profitability

EBT Margin

79.49%

Return on Equity

14.36%

Return on Assets

11.21%

Free Cashflow Yield

12.39%

MTG Fundamentals

MTG Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

3.66%

Rev. Growth (Qtr)

3.66%

MTG Earnings

Earnings (TTM)

732.5M

Earnings Growth (Yr)

12.65%

Earnings Growth (Qtr)

-5.64%

Breaking Down MTG Revenue

Last 7 days

1.6%

Last 30 days

0.4%

Last 90 days

10.3%

Trailing 12 Months

41.8%

How does MTG drawdown profile look like?

MTG Financial Health

MTG Investor Care

Buy Backs (1Y)

6.99%

Diluted EPS (TTM)

2.6

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.2B	0	0	0
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

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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
May 07, 2024	Arizona State Retirement System	reduced	-3.43	181,714	1,704,100	0.01%
May 07, 2024	SEEDS INVESTOR LLC	new	-	213,943	213,943	0.24%
May 07, 2024	Inspire Investing, LLC	reduced	-19.57	-25,967	357,827	0.04%
May 07, 2024	SEI INVESTMENTS CO	added	31.67	3,829,340	11,107,900	0.02%
May 07, 2024	HEARTLAND ADVISORS INC	added	31.86	5,097,260	14,742,300	0.77%
May 07, 2024	Cornerstone Planning Group LLC	added	0.69	639	9,024	-%
May 07, 2024	NDVR, Inc.	added	12.74	62,681	267,001	0.26%
May 07, 2024	Swiss National Bank	reduced	-1.6	1,509,140	12,242,100	0.01%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	55.29	885,319	1,991,850	-%
May 07, 2024	PANAGORA ASSET MANAGEMENT INC	unchanged	-	1,350,310	9,834,820	0.05%

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
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 26, 2024	8-K	Current Report
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

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	1.3B	-3.06%	3200.44%	-4.9K	773.83	-10.27%	-34.69%
AJG	53.5B	10.6B	0.35%	13.39%	49.03	5.04	20.42%	-6.05%
AIG	53.0B	48.4B	2.59%	50.41%	10.98	1.1	-4.15%	-20.63%
TRV	49.8B	42.9B	-5.78%	18.24%	15.85	1.16	13.52%	12.15%
AFL	48.2B	19.3B	-0.38%	25.81%	9.01	2.49	3.03%	17.35%
ACGL	37.0B	13.6B	4.64%	29.15%	8.33	2.72	41.83%	201.02%
AFG	11.0B	8.0B	-2.14%	12.66%	12.42	1.37	11.14%	7.56%
MID-CAP
UNM	10.0B	12.6B	-1.30%	18.66%	7.54	0.79	4.24%	-13.40%
AIZ	9.2B	11.1B	-2.63%	35.17%	14.28	0.82	9.21%	132.28%
LNC	5.0B	11.9B	-5.15%	39.72%	3.69	0.42	-33.27%	234.43%
AEL	4.5B	2.8B	-0.20%	45.14%	21.34	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.9B	1.3B	8.10%	32.13%	-35.66	1.53	18.74%	30.90%
AMSF	908.5M	308.9M	-0.11%	-15.37%	14.73	2.94	3.79%	10.94%
AMBC	828.5M	314.0M	15.44%	22.21%	14.41	2.64	-29.20%	-88.19%
AAME	37.3M	186.8M	-15.67%	-17.10%	-218.34	0.2	-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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.7%	294	284	297	291	284	292	293	293	295	294	296	298	298	302	296	294	307	312	318	292	292
EBITDA Margin	1.2%	0.85*	0.84*	0.85*	0.93*	1.00*	1.02*	1.01*	0.92*	0.82*	0.79*	0.76*	0.73*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.0%	9.00	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
Income Taxes	1.0%	46.00	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
Earnings Before Taxes	-4.3%	220	230	234	242	196	240	314	316	219	219	200	194	190	190	164	16.00	188	223	223	211	191
EBT Margin	1.8%	0.79*	0.78*	0.78*	0.86*	0.92*	0.93*	0.91*	0.81*	0.70*	0.68*	0.65*	0.62*	-	-	-	-	-	-	-	-	-
Net Income	-5.6%	174	185	183	191	155	191	250	249	175	174	158	153	150	151	131	14.00	150	177	177	168	152
Net Income Margin	1.8%	0.63*	0.62*	0.62*	0.68*	0.73*	0.74*	0.72*	0.64*	0.56*	0.54*	0.51*	0.49*	-	-	-	-	-	-	-	-	-
Free Cashflow	2.6%	191	186	169	144	212	165	122	132	227	182	162	150	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.0%	6,535	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
Cash Equivalents	20.9%	440	364	267	311	358	327	250	419	490	305	186	191	193	297	389	371	370	169	172	225	263
Net PPE	-2.9%	38.00	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
Liabilities	-2.3%	1,433	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
Shareholder's Equity	0.6%	5,102	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
Retained Earnings	3.1%	4,735	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
Additional Paid-In Capital	-1.1%	1,788	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
Shares Outstanding	-1.3%	269	272	279	283	288	293	303	309	316	334	338	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	2.3%	190,537	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
Share Based Compensation	30.4%	11,105	8,518	5,575	7,835	9,679	7,097	3,333	7,769	6,572	-	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	-57.8%	25,969	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
Cashflow From Financing	3.1%	-147,582	-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
Dividend Payments	-100.0%	-	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	-21.0%	95,183	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

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MTG Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Premiums written:
Direct	$ 275,203	$ 274,247
Assumed	3,416	2,751
Ceded	(44,819)	(46,806)
Net premiums written	233,800	230,192
Decrease in unearned premiums, net	8,844	11,823
Net premiums earned	242,644	242,015
Investment income, net of expenses	59,744	49,223
Net gains (losses) on investments and other financial instruments	(8,509)	(7,698)
Other revenue	482	425
Total revenues	294,361	283,965
Losses and expenses:
Losses incurred, net	4,555	6,446
Amortization of deferred insurance policy acquisition costs	2,009	2,478
Other underwriting and operating expenses, net	59,018	70,063
Interest expense	8,899	9,374
Total losses and expenses	74,481	88,361
Income before tax	219,880	195,604
Provision for income tax	45,783	41,057
Net income	$ 174,097	$ 154,547
Earnings per share:
Basic (in dollars per share)	$ 0.64	$ 0.53
Diluted (in dollars per share)	$ 0.64	$ 0.53
Weighted average common shares outstanding - basic (in shares)	270,314	290,989
Weighted average common shares outstanding - diluted (in shares)	273,108	294,712

MTG Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investment portfolio:
Equity securities, at fair value (cost 2024 - $16,053; 2023 - $16,025)	$ 14,697	$ 14,771
Other invested assets, at cost	850	850
Total investment portfolio	5,688,261	5,738,734
Cash and cash equivalents	431,347	363,666
Restricted cash and cash equivalents	8,221	6,978
Accrued investment income	58,093	58,774
Reinsurance recoverable on loss reserves	39,200	33,302
Reinsurance recoverable on paid losses	555	9,896
Premiums receivable	56,033	58,499
Home office and equipment, net	37,614	38,755
Deferred insurance policy acquisition costs	13,846	14,591
Deferred income taxes, net	76,271	79,782
Other assets	125,805	135,403
Total assets	6,535,246	6,538,380
Liabilities:
Loss reserves	504,447	505,379
Unearned premiums	148,935	157,779
Senior notes	643,563	643,196
Other liabilities	135,958	160,009
Total liabilities	1,432,903	1,466,363
Contingencies
Shareholders’ equity:
Common stock	371,353	371,353
Paid-in capital	1,788,050	1,808,113
Treasury stock at cost	(1,466,224)	(1,384,293)
Accumulated other comprehensive income (loss), net of tax	(326,134)	(316,281)
Retained earnings	4,735,298	4,593,125
Total shareholders’ equity	5,102,343	5,072,017
Total liabilities and shareholders’ equity	6,535,246	6,538,380
Fixed income
Investment portfolio:
Fixed income available-for-sale	5,576,997	5,601,540
Short-Term Investments
Investment portfolio:
Fixed income available-for-sale	$ 95,717	$ 121,573

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 Wed May 08 2024, market cap of MGIC Investment Corp is 5.57 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 Wed May 08 2024, MTG's PE ratio (Price to Earnings) is 7.6 and Price to Sales (PS) ratio is 4.78. 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 0.102 (multiply by 100 for percentage) rate of return.