MGIC Investment Q3 EPS Estimate Decreased by Zacks Research

MGIC Investment Co. (NYSE:MTG) – Equities research analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for shares of MGIC Investment in a research note issued to investors on Monday, February 24th. Zacks Research analyst R. Department now anticipates that the insurance provider will post earnings per share of $0.68 for the quarter, down from their prior forecast of $0.69. The consensus estimate for MGIC Investment’s current full-year earnings is $2.71 per share. Zacks Research also issued estimates for MGIC Investment’s FY2027 earnings at $4.10 EPS.

MGIC Investment (NYSE:MTG) last announced its earnings results on Monday, February 3rd. The insurance provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. MGIC Investment had a net margin of 63.18% and a return on equity of 14.86%.

Other analysts have also issued research reports about the stock. Bank of America lowered shares of MGIC Investment from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $26.00 to $25.00 in a research report on Monday, December 9th. UBS Group upped their target price on MGIC Investment from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Royal Bank of Canada cut their target price on MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods dropped their target price on shares of MGIC Investment from $29.00 to $28.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Compass Point restated a “neutral” rating and issued a $27.00 price target (up previously from $24.00) on shares of MGIC Investment in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, MGIC Investment has an average rating of “Hold” and an average target price of $26.75.

MGIC Investment Stock Performance

Shares of MTG stock opened at $24.08 on Wednesday. MGIC Investment has a 1 year low of $19.15 and a 1 year high of $26.56. The stock has a market cap of $6.10 billion, a PE ratio of 8.30 and a beta of 1.29. The stock has a fifty day moving average price of $24.32 and a 200 day moving average price of $24.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 0.48.

MGIC Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.16%. MGIC Investment’s dividend payout ratio (DPR) is currently 17.93%.

Insider Buying and Selling

In related news, CAO Julie K. Sperber sold 4,600 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $24.55, for a total transaction of $112,930.00. Following the completion of the sale, the chief accounting officer now directly owns 75,070 shares of the company’s stock, valued at approximately $1,842,968.50. This represents a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.05% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MTG. First Trust Advisors LP lifted its stake in shares of MGIC Investment by 22.4% during the 4th quarter. First Trust Advisors LP now owns 16,008,489 shares of the insurance provider’s stock worth $379,561,000 after buying an additional 2,928,595 shares during the last quarter. LSV Asset Management raised its position in MGIC Investment by 2.3% in the fourth quarter. LSV Asset Management now owns 10,578,342 shares of the insurance provider’s stock valued at $250,812,000 after purchasing an additional 235,916 shares during the last quarter. State Street Corp lifted its holdings in shares of MGIC Investment by 0.8% during the third quarter. State Street Corp now owns 9,092,453 shares of the insurance provider’s stock worth $232,767,000 after purchasing an additional 73,851 shares during the period. Allianz Asset Management GmbH increased its position in MGIC Investment by 8.2% during the 4th quarter. Allianz Asset Management GmbH now owns 5,495,115 shares of the insurance provider’s stock valued at $130,289,000 after purchasing an additional 415,586 shares during the period. Finally, Invesco Ltd. raised its position in shares of MGIC Investment by 16.6% in the 4th quarter. Invesco Ltd. now owns 4,766,195 shares of the insurance provider’s stock worth $113,006,000 after acquiring an additional 677,227 shares in the last quarter. Institutional investors and hedge funds own 95.58% of the company’s stock.

About MGIC Investment

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.