Zacks Research Predicts Weaker Earnings for MGIC Investment

MGIC Investment Corporation (NYSE:MTG) – Research analysts at Zacks Research lowered their Q2 2026 EPS estimates for shares of MGIC Investment in a report released on Friday, June 19th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings of $0.74 per share for the quarter, down from their previous forecast of $0.75. The consensus estimate for MGIC Investment’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for MGIC Investment’s Q4 2026 earnings at $0.82 EPS, FY2026 earnings at $3.10 EPS, Q2 2027 earnings at $0.81 EPS, Q3 2027 earnings at $0.82 EPS, Q4 2027 earnings at $0.85 EPS, FY2027 earnings at $3.29 EPS, Q1 2028 earnings at $0.85 EPS and FY2028 earnings at $3.39 EPS.

MGIC Investment (NYSE:MTG) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The company had revenue of $297.08 million for the quarter, compared to analysts’ expectations of $303.12 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis.

MTG has been the topic of several other reports. Barclays lowered their price objective on shares of 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. Royal Bank Of Canada initiated coverage on MGIC Investment in a research report on Friday, May 22nd. They issued a “sector perform” rating and a $28.00 target price for the company. Keefe, Bruyette & Woods lifted their price target on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Friday, April 10th. UBS Group dropped their price target on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of MGIC Investment in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.25.

MGIC Investment Stock Up 1.0%

Shares of NYSE:MTG opened at $26.33 on Tuesday. The firm has a 50 day simple moving average of $26.51 and a 200 day simple moving average of $27.03. MGIC Investment has a 52 week low of $24.69 and a 52 week high of $29.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $5.57 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.79 and a beta of 0.68.

Institutional Investors Weigh In On MGIC Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of MGIC Investment in the third quarter worth $28,000. V Square Quantitative Management LLC bought a new position in MGIC Investment in the 4th quarter worth $36,000. SBI Securities Co. Ltd. raised its holdings in MGIC Investment by 40.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,461 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 420 shares during the period. Geneos Wealth Management Inc. lifted its position in MGIC Investment by 88.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,745 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 817 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its position in MGIC Investment by 24.7% during the 3rd quarter. Clearstead Advisors LLC now owns 2,209 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 438 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MGIC Investment news, CEO Timothy J. Mattke sold 139,202 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total value of $3,687,460.98. Following the completion of the sale, the chief executive officer owned 1,118,005 shares of the company’s stock, valued at $29,615,952.45. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 30,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $25.38, for a total value of $761,400.00. Following the sale, the chief operating officer owned 560,951 shares of the company’s stock, valued at approximately $14,236,936.38. This trade represents a 5.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 201,070 shares of company stock valued at $5,270,740 over the last three months. 1.34% of the stock is currently owned by insiders.

MGIC Investment announced that its board has initiated a share buyback plan on Thursday, April 23rd that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to purchase up to 12.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

MGIC Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 6th were issued a $0.15 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. MGIC Investment’s dividend payout ratio is currently 19.05%.

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.