Q4 EPS Estimates for MGIC Investment Cut by Roth Capital

MGIC Investment Co. (NYSE:MTG) – Analysts at Roth Capital reduced their Q4 2024 EPS estimates for MGIC Investment in a research report issued to clients and investors on Tuesday, November 5th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of $0.66 per share for the quarter, down from their previous forecast of $0.68. The consensus estimate for MGIC Investment’s current full-year earnings is $2.76 per share. Roth Capital also issued estimates for MGIC Investment’s Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.71 EPS and FY2026 earnings at $2.95 EPS.

MGIC Investment (NYSE:MTG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11. MGIC Investment had a net margin of 64.09% and a return on equity of 15.14%. The business had revenue of $306.65 million for the quarter, compared to the consensus estimate of $306.03 million. During the same period in the prior year, the company posted $0.64 earnings per share. MGIC Investment’s revenue was up 3.4% compared to the same quarter last year.

Several other research firms also recently commented on MTG. Roth Mkm upped their price target on shares of MGIC Investment from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BTIG Research upped their price target on shares of MGIC Investment from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada reduced their price objective on shares of MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Barclays increased their price objective on shares of MGIC Investment from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, MGIC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

MGIC Investment Trading Up 4.1 %

MTG stock opened at $24.82 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50-day simple moving average is $25.25 and its 200 day simple moving average is $23.17. MGIC Investment has a 52 week low of $17.25 and a 52 week high of $26.52. The company has a market capitalization of $6.43 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28.

Institutional Investors Weigh In On MGIC Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of MGIC Investment by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 15,145,206 shares of the insurance provider’s stock worth $326,375,000 after purchasing an additional 556,859 shares in the last quarter. LSV Asset Management grew its holdings in shares of MGIC Investment by 1.6% during the first quarter. LSV Asset Management now owns 10,983,325 shares of the insurance provider’s stock worth $245,587,000 after purchasing an additional 174,609 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of MGIC Investment by 2.4% during the first quarter. Clearbridge Investments LLC now owns 6,008,042 shares of the insurance provider’s stock worth $134,340,000 after purchasing an additional 139,562 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of MGIC Investment by 1.5% during the second quarter. American Century Companies Inc. now owns 3,395,208 shares of the insurance provider’s stock worth $73,167,000 after purchasing an additional 50,307 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of MGIC Investment by 134.8% during the first quarter. Jupiter Asset Management Ltd. now owns 1,537,972 shares of the insurance provider’s stock worth $34,389,000 after purchasing an additional 882,984 shares in the last quarter. 95.58% of the stock is currently owned by institutional investors.

MGIC Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, November 7th. MGIC Investment’s payout ratio is 18.31%.

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.