MGIC Investment (NYSE:MTG) Price Target Cut to $28.00 by Analysts at Barclays

MGIC Investment (NYSE:MTG) had its price objective decreased by Barclays from $29.00 to $28.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the insurance provider’s stock.

Other research analysts have also recently issued research reports about the stock. UBS Group dropped their price target on shares of MGIC Investment from $29.50 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings cut MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. Finally, Keefe, Bruyette & Woods lifted their target price on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, MGIC Investment currently has a consensus rating of “Hold” and an average target price of $28.25.

MGIC Investment Stock Performance

Shares of NYSE MTG traded down $0.27 during midday trading on Friday, hitting $26.22. 2,976,280 shares of the company’s stock traded hands, compared to its average volume of 1,864,490. The firm has a fifty day moving average of $26.86 and a 200 day moving average of $27.49. MGIC Investment has a 1 year low of $24.77 and a 1 year high of $29.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.52 and a current ratio of 1.14. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71.

MGIC Investment (NYSE:MTG) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. MGIC Investment had a net margin of 59.63% and a return on equity of 14.01%. The company had revenue of $297.08 million for the quarter, compared to the consensus estimate of $303.12 million. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, analysts forecast that MGIC Investment will post 3.07 earnings per share for the current year.

MGIC Investment Dividend Announcement

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

MGIC Investment announced that its Board of Directors has initiated a share buyback program on Thursday, April 23rd that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the insurance provider to buy up to 12.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at MGIC Investment

In other news, COO Salvatore A. Miosi sold 10,931 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.25, for a total value of $286,938.75. Following the transaction, the chief operating officer directly owned 590,951 shares in the company, valued at $15,512,463.75. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal 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, EVP Paula C. Maggio sold 20,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $27.51, for a total transaction of $550,200.00. Following the completion of the transaction, the executive vice president directly owned 114,689 shares of the company’s stock, valued at approximately $3,155,094.39. The trade was a 14.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 200,133 shares of company stock valued at $5,342,700 over the last ninety days. 1.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MGIC Investment

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in MGIC Investment during the first quarter worth $2,397,000. Goldman Sachs Group Inc. lifted its holdings in shares of MGIC Investment by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,103,366 shares of the insurance provider’s stock worth $76,901,000 after acquiring an additional 195,895 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of MGIC Investment by 88.0% in 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. Sivia Capital Partners LLC bought a new position in shares of MGIC Investment during the 2nd quarter worth $425,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of MGIC Investment by 18.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,211 shares of the insurance provider’s stock valued at $145,000 after buying an additional 830 shares during the period. Institutional investors own 95.58% of the company’s stock.

More MGIC Investment News

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

• Positive Sentiment: Board authorizes a $750M share buyback and management reiterated capital strength, which supports shareholder returns and could boost EPS over time. Board authorizes $750M buyback
• Positive Sentiment: Company announced an upcoming US$0.15 dividend — a direct cash return that tends to support the share price and attract income-focused investors. Dividend coverage
• Positive Sentiment: Q1 EPS beat: MGIC reported $0.76 vs. $0.73 consensus (strong margins and ROE highlighted), which validates underwriting profitability despite softer revenue. Earnings beat
• Positive Sentiment: Earnings call emphasized capital strength and allowed the firm to pursue buybacks and dividends while maintaining reserves — a reassuring signal for investors focused on balance-sheet durability. Earnings call highlights
• Neutral Sentiment: Full Q1 earnings call transcripts and coverage are available for deeper review; they provide detail but no major surprises beyond the items above. Earnings transcript
• Negative Sentiment: Revenue missed estimates and was down year-over-year, which raises questions about top-line momentum even though earnings held up via margins. Revenue miss
• Negative Sentiment: Barclays lowered its price target from $29 to $28 and set an “equal weight” rating, signaling limited near-term upside from the street and adding downward pressure. Barclays price-target cut

MGIC Investment Company Profile

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.