Q4 EPS Estimates for MGIC Investment Cut by Roth Capital

MGIC Investment Co. (NYSE:MTG) – Analysts at Roth Capital dropped their Q4 2024 earnings per share estimates for MGIC Investment in a research note issued to 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 estimate 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. BTIG Research upped their price target on MGIC Investment from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada reduced their price target on MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Barclays increased their target price on MGIC Investment from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Roth Mkm increased their target price on MGIC Investment from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

MGIC Investment Price Performance

Shares of MGIC Investment stock opened at $24.82 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $6.43 billion, a PE ratio of 8.74, a P/E/G ratio of 1.25 and a beta of 1.28. The business has a 50 day moving average of $25.25 and a 200 day moving average of $23.17. MGIC Investment has a 52 week low of $17.25 and a 52 week high of $26.52.

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

MGIC Investment Announces Dividend

The business 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 $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.10%. MGIC Investment’s dividend payout ratio is currently 18.31%.

Institutional Investors Weigh In On MGIC Investment

Several institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in shares of MGIC Investment by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 150,750 shares of the insurance provider’s stock valued at $3,858,000 after buying an additional 540 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of MGIC Investment by 1.6% during the second quarter. Nations Financial Group Inc. IA ADV now owns 35,306 shares of the insurance provider’s stock valued at $761,000 after buying an additional 565 shares during the last quarter. Fortem Financial Group LLC boosted its position in shares of MGIC Investment by 1.0% during the second quarter. Fortem Financial Group LLC now owns 75,447 shares of the insurance provider’s stock valued at $1,626,000 after buying an additional 747 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of MGIC Investment by 482.7% during the second quarter. Versant Capital Management Inc now owns 1,142 shares of the insurance provider’s stock valued at $25,000 after buying an additional 946 shares during the last quarter. Finally, Financial Strategies Group Inc. boosted its position in shares of MGIC Investment by 9.2% during the third quarter. Financial Strategies Group Inc. now owns 11,440 shares of the insurance provider’s stock valued at $295,000 after buying an additional 966 shares during the last quarter. 95.58% of the stock is owned by hedge funds and other institutional investors.

MGIC Investment Company Profile

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.