NYSE
MTG

MGIC Investment Corp

Insurance-Specialty
Financial Services

Prices are adjusted according to historical splits.

MGIC Investment Corp Stock Price

Vitals

Today's Low:
$17.25
Today's High:
$17.475
Open Price:
$17.28
52W Low:
$11.7995
52W High:
$18.25
Prev. Close:
$17.26
Volume:
1699996

Company Statistics

Market Cap.:
$4.89 billion
Book Value:
17.092
Revenue TTM:
$1.16 billion
Operating Margin TTM:
89.92%
Gross Profit TTM:
$1.20 billion
Profit Margin:
67.83%
Return on Assets TTM:
10.06%
Return on Equity TTM:
16.71%

Company Profile

MGIC Investment Corp had its IPO on 1991-08-06 under the ticker symbol MTG.

The company operates in the Financial Services sector and Insurance-Specialty industry. MGIC Investment Corp has a staff strength of 683 employees.

Stock update

Shares of MGIC Investment Corp opened at $17.28 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $17.25 - $17.48, and closed at $17.46.

This is a +1.16% increase from the previous day's closing price.

A total volume of 1,699,996 shares were traded at the close of the day’s session.

In the last one week, shares of MGIC Investment Corp have slipped by -1.74%.

MGIC Investment Corp's Key Ratios

MGIC Investment Corp has a market cap of $4.89 billion, indicating a price to book ratio of 0.859 and a price to sales ratio of 3.2898.

In the last 12-months MGIC Investment Corp’s revenue was $1.16 billion with a gross profit of $1.20 billion and an EBITDA of $1.09 billion. The EBITDA ratio measures MGIC Investment Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, MGIC Investment Corp’s operating margin was 89.92% while its return on assets stood at 10.06% with a return of equity of 16.71%.

In Q2, MGIC Investment Corp’s quarterly earnings growth was a negative -17.1% while revenue growth was a negative 0.8%.

MGIC Investment Corp’s PE and PEG Ratio

Forward PE
6.2228
Trailing PE
6.5094
PEG
1.54

Its diluted EPS in the last 12-months stands at $2.66 per share while it has a forward price to earnings multiple of 6.2228 and a PEG multiple of 1.54. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into MGIC Investment Corp’s profitability.

MGIC Investment Corp stock is trading at a EV to sales ratio of 3.6782 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.2898.

MGIC Investment Corp stock pays annual dividends of $0.4 per share, indicating a yield of 2.65% and a payout ratio of 15.2%.

Balance sheet and cash flow metrics

Total Assets
$6.35 billion
Total Liabilities
$0
Operating Cash Flow
$-91847000.00
Capital Expenditure
$308000
Dividend Payout Ratio
15.2%

MGIC Investment Corp ended 2024 with $6.35 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.35 billion while shareholder equity stood at $4.84 billion.

MGIC Investment Corp ended 2024 with $0 in deferred long-term liabilities, $0 in other current liabilities, 371353000.00 in common stock, $4.29 billion in retained earnings and $0 in goodwill. Its cash balance stood at $310.72 million and cash and short-term investments were $5.91 billion. The company’s total short-term debt was $0 while long-term debt stood at $642.46 million.

MGIC Investment Corp’s total current assets stands at $316.72 million while long-term investments were $5.67 billion and short-term investments were $5.60 billion. Its net receivables were $91.78 million compared to accounts payable of $0 and inventory worth $0.

In 2024, MGIC Investment Corp's operating cash flow was $-91847000.00 while its capital expenditure stood at $308000.

Comparatively, MGIC Investment Corp paid $0.15 in dividends in 2024.

Other key metrics

Current Trading Price
$17.46
52-Week High
$18.25
52-Week Low
$11.7995
Analyst Target Price
$19.07

MGIC Investment Corp stock is currently trading at $17.46 per share. It touched a 52-week high of $18.25 and a 52-week low of $18.25. Analysts tracking the stock have a 12-month average target price of $19.07.

Its 50-day moving average was $16.93 and 200-day moving average was $14.56 The short ratio stood at 4.54 indicating a short percent outstanding of 0%.

Around 103.9% of the company’s stock are held by insiders while 9817.9% are held by institutions.

Frequently Asked Questions About MGIC Investment Corp

The stock symbol (also called stock or share ticker) of MGIC Investment Corp is MTG

The IPO of MGIC Investment Corp took place on 1991-08-06

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About

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. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

Address

MGIC Plaza, Milwaukee, WI, United States, 53202