Roth Capital Reduces Earnings Estimates for MGIC Investment

MGIC Investment Co. (NYSE:MTG) – Equities research analysts at Roth Capital lowered their Q4 2024 earnings per share (EPS) estimates for shares of MGIC Investment in a research note issued to investors on Tuesday, November 5th. Roth Capital analyst H. Fong now expects that the insurance provider will earn $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.

Other equities research analysts have also recently issued reports about the company. Roth Mkm boosted their price objective on MGIC Investment from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BTIG Research boosted their target price on MGIC Investment from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their price target on MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Barclays boosted their price objective on shares of MGIC Investment from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, MGIC Investment has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

MGIC Investment Stock Down 0.5 %

Shares of NYSE MTG opened at $24.56 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.13. MGIC Investment has a 12-month low of $17.25 and a 12-month high of $26.52. The firm’s 50-day moving average price is $25.24 and its 200-day moving average price is $23.18. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.25 and a beta of 1.28.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. lifted its holdings in MGIC Investment by 134.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,537,972 shares of the insurance provider’s stock valued at $34,389,000 after buying an additional 882,984 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of MGIC Investment by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,145,206 shares of the insurance provider’s stock worth $326,375,000 after buying an additional 556,859 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of MGIC Investment by 440.3% during the second quarter. WINTON GROUP Ltd now owns 521,001 shares of the insurance provider’s stock valued at $11,228,000 after buying an additional 424,580 shares during the period. Vest Financial LLC raised its holdings in shares of MGIC Investment by 22.7% in the second quarter. Vest Financial LLC now owns 1,073,756 shares of the insurance provider’s stock valued at $23,139,000 after acquiring an additional 198,553 shares in the last quarter. Finally, CX Institutional purchased a new stake in MGIC Investment in the third quarter worth about $4,911,000. 95.58% of the stock is currently owned by institutional investors.

MGIC Investment Announces Dividend

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 given a dividend of $0.13 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 2.12%. MGIC Investment’s dividend payout ratio (DPR) 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.