MGIC Investment (NYSE:MTG) Issues Quarterly Earnings Results

MGIC Investment (NYSE:MTG) announced its quarterly earnings results on Wednesday. The insurance provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04, FiscalAI reports. The business had revenue of $299.08 million during the quarter, compared to analysts’ expectations of $298.66 million. MGIC Investment had a net margin of 59.20% and a return on equity of 13.90%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS.

MGIC Investment Price Performance

MTG stock traded up $0.14 during trading on Thursday, reaching $29.27. 1,560,149 shares of the company were exchanged, compared to its average volume of 2,078,946. The stock’s 50 day moving average price is $28.90 and its 200 day moving average price is $27.79. The company has a market cap of $6.00 billion, a P/E ratio of 9.15, a PEG ratio of 1.01 and a beta of 0.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.19 and a current ratio of 1.19. MGIC Investment has a 52-week low of $24.69 and a 52-week high of $31.89.

MGIC Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 12th. MGIC Investment’s dividend payout ratio (DPR) is currently 21.25%.

Insider Activity

In other MGIC Investment news, CEO Timothy Mattke sold 137,114 shares of MGIC Investment stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $26.23, for a total transaction of $3,596,500.22. Following the completion of the transaction, the chief executive officer owned 843,778 shares in the company, valued at approximately $22,132,296.94. The trade was a 13.98% 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, EVP Paula Maggio sold 20,000 shares of MGIC Investment stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.30, for a total value of $606,000.00. Following the sale, the executive vice president owned 149,620 shares of the company’s stock, valued at approximately $4,533,486. This represents a 11.79% 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 sold a total of 217,114 shares of company stock worth $5,906,200 over the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Trending Headlines about MGIC Investment

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

• Positive Sentiment: MGIC reported diluted EPS of $0.85, topping the roughly $0.81 analyst consensus and rising from $0.83 a year earlier. Net income was $175 million. Lower expenses and insurance-in-force growth helped underpin the result. Article: MTG Q3 Earnings Beat on Lower Expenses, Revenues Fall Y/Y
• Neutral Sentiment: Revenue of $299.1 million narrowly exceeded estimates of about $298.7 million, but was down 1.8% year over year, limiting the strength of the headline beat. Article: MGIC Investment’s Q3 2026 earnings results
• Negative Sentiment: Rising losses, delinquencies and credit costs are a concern for mortgage insurers. If they persist, they could pressure future results and offset the benefit of expense discipline. Article: MGIC Investment Q3 2026: EPS Beat, but Credit Costs Are Rising

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MTG shares. Zacks Research lowered MGIC Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Barclays increased their price target on shares of MGIC Investment from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, October 5th. BTIG Research initiated coverage on MGIC Investment in a research report on Tuesday, September 22nd. They issued a “hold” rating for the company. Weiss Ratings upgraded MGIC Investment from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada lifted their price objective on MGIC Investment from $28.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, MGIC Investment has an average rating of “Hold” and an average target price of $30.80.

About MGIC Investment

MGIC Investment Corporation (NYSE:MTG) is a holding company whose principal subsidiary is Mortgage Guaranty Insurance Corporation (MGIC), a provider of private mortgage insurance in the United States. MGIC’s insurance helps protect mortgage lenders and investors against losses when borrowers default, enabling qualified homebuyers to obtain mortgages with smaller down payments.

MGIC primarily offers primary mortgage insurance for residential loans, working with mortgage lenders, banks and other housing-finance institutions.