MGIC Investment Corporation (NYSE:MTG) Given Average Recommendation of “Hold” by Brokerages

MGIC Investment Corporation (NYSE:MTG) has received an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.25.

MTG has been the topic of several recent research reports. Weiss Ratings raised shares of MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods boosted their target price on shares of MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Friday, April 10th. Roth Capital reaffirmed a “buy” rating on shares of MGIC Investment in a report on Thursday. Royal Bank Of Canada initiated coverage on MGIC Investment in a research report on Friday, May 22nd. They set a “sector perform” rating and a $28.00 price target for the company. Finally, Barclays lowered their price objective on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st.

MGIC Investment Stock Performance

Shares of MTG stock traded down $0.50 during mid-day trading on Thursday, reaching $30.08. The stock had a trading volume of 725,419 shares, compared to its average volume of 2,054,396. MGIC Investment has a 1-year low of $24.69 and a 1-year high of $31.89. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 2.11 and a beta of 0.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $27.25 and its 200-day moving average is $26.93.

MGIC Investment (NYSE:MTG) last issued its earnings results on Wednesday, July 29th. The insurance provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The firm had revenue of $295.39 million for the quarter, compared to analyst estimates of $297.54 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. MGIC Investment’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts forecast that MGIC Investment will post 3.05 earnings per share for the current year.

MGIC Investment declared that its board has initiated a stock repurchase plan on Thursday, April 23rd that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

MGIC Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 5th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.3%. This is an increase from MGIC Investment’s previous quarterly dividend of $0.15. MGIC Investment’s dividend payout ratio (DPR) is presently 19.05%.

MGIC Investment News Summary

Here are the key news stories impacting MGIC Investment this week:

• Positive Sentiment: MGIC reported second-quarter adjusted net operating income of $183.7 million, or $0.87 per diluted share, compared with analyst expectations of approximately $0.74–$0.76 per share. GAAP net income was $182.1 million, or $0.86 per share. MGIC Investment Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability remained strong, with a 14.5% return on equity and a 59.63% net margin, supporting the company’s message that disciplined execution continues to benefit results. MGIC Investment Q2 Earnings Beat Estimates
• Positive Sentiment: Zacks Research slightly raised its estimate for MTG’s first-quarter 2028 earnings to $0.84 per share from $0.83. Analysts currently expect full-year earnings of $3.05 per share.
• Neutral Sentiment: Revenue totaled $295.4 million, broadly in line with expectations, while earnings improved from $0.82 per share in the year-ago quarter. MGIC Reports Q2 Earnings: Key Metrics
• Negative Sentiment: Revenue missed the roughly $297.5 million consensus estimate and declined 2.9% year over year. The modest top-line contraction may be limiting the stock’s reaction to the earnings beat. MGIC Investment Q2 2026 Earnings Results

Insiders Place Their Bets

In other MGIC Investment news, EVP Paula C. Maggio sold 20,937 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.55, for a total value of $534,940.35. Following the completion of the transaction, the executive vice president owned 169,620 shares in the company, valued at approximately $4,333,791. This represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 30,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $25.38, for a total transaction of $761,400.00. Following the sale, the chief operating officer directly owned 560,951 shares in the company, valued at approximately $14,236,936.38. The trade was a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On MGIC Investment

Several institutional investors and hedge funds have recently modified their holdings of MTG. Norges Bank purchased a new position in MGIC Investment during the fourth quarter worth approximately $96,248,000. AQR Capital Management LLC raised its stake in shares of MGIC Investment by 92.4% during the 2nd quarter. AQR Capital Management LLC now owns 6,333,091 shares of the insurance provider’s stock worth $176,313,000 after buying an additional 3,041,446 shares during the period. Arbejdsmarkedets Tillaegspension acquired a new position in shares of MGIC Investment during the 4th quarter worth approximately $24,456,000. Jane Street Group LLC lifted its position in shares of MGIC Investment by 71.2% during the 4th quarter. Jane Street Group LLC now owns 1,739,877 shares of the insurance provider’s stock valued at $50,839,000 after buying an additional 723,480 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its position in shares of MGIC Investment by 20.4% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 3,943,965 shares of the insurance provider’s stock valued at $111,890,000 after buying an additional 667,876 shares in the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.

About MGIC Investment

MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.