MGIC Investment Corp

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.