MGIC Investment (NYSE:MTG) Rating Increased to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of MGIC Investment (NYSE:MTG) to a hold rating in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have $28.00 price objective on the insurance provider’s stock.

MTG has been the subject of several other reports. Barclays lowered their price objective on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. UBS Group lowered their price objective on MGIC Investment from $29.50 to $28.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Keefe, Bruyette & Woods boosted their price objective on MGIC Investment from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Friday, April 10th. Finally, Weiss Ratings lowered MGIC Investment from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.25.

MGIC Investment Stock Down 0.5%

Shares of NYSE MTG opened at $26.04 on Friday. MGIC Investment has a 1 year low of $24.77 and a 1 year high of $29.97. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.79 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $26.78 and its 200-day simple moving average is $27.40.

MGIC Investment (NYSE:MTG) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. MGIC Investment had a return on equity of 14.01% and a net margin of 59.63%.The business had revenue of $297.08 million for the quarter, compared to analyst estimates of $303.12 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that MGIC Investment will post 3.08 earnings per share for the current fiscal year.

MGIC Investment declared that its Board of Directors has approved a share buyback plan on Thursday, April 23rd that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the insurance provider to purchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

MGIC Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, May 6th. MGIC Investment’s payout ratio is presently 19.05%.

Insider Buying and Selling

In other MGIC Investment news, CEO Timothy J. Mattke sold 139,202 shares of MGIC Investment stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.49, for a total value of $3,687,460.98. Following the completion of the transaction, the chief executive officer directly owned 1,118,005 shares in the company, valued at $29,615,952.45. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Salvatore A. Miosi sold 10,931 shares of MGIC Investment stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.25, for a total value of $286,938.75. Following the completion of the transaction, the chief operating officer owned 590,951 shares of the company’s stock, valued at approximately $15,512,463.75. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On MGIC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compound Planning Inc. boosted its holdings in MGIC Investment by 5.3% during the third quarter. Compound Planning Inc. now owns 7,788 shares of the insurance provider’s stock valued at $221,000 after acquiring an additional 389 shares during the period. SBI Securities Co. Ltd. boosted its holdings in MGIC Investment by 61.1% during the third quarter. SBI Securities Co. Ltd. now owns 1,041 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 395 shares during the period. Waddell & Associates LLC boosted its holdings in MGIC Investment by 5.3% during the third quarter. Waddell & Associates LLC now owns 8,090 shares of the insurance provider’s stock valued at $230,000 after acquiring an additional 410 shares during the period. Clearstead Advisors LLC boosted its holdings in MGIC Investment by 24.7% during the third quarter. Clearstead Advisors LLC now owns 2,209 shares of the insurance provider’s stock valued at $63,000 after acquiring an additional 438 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in MGIC Investment by 1.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 44,972 shares of the insurance provider’s stock valued at $1,181,000 after acquiring an additional 481 shares during the period. 95.58% of the stock is currently owned by institutional investors and hedge funds.

MGIC Investment News Roundup

Here are the key news stories impacting MGIC Investment this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for MGIC Investment to $3.13 from $3.09, and also nudged Q1 2027 estimates higher to $0.81 from $0.80, suggesting slightly better near-term earnings expectations.
• Positive Sentiment: The firm also increased its Q3 2026 estimate to $0.79 from $0.78 and Q4 2027 estimate to $0.88 from $0.87, reinforcing the view that MGIC Investment’s earnings profile remains resilient.
• Neutral Sentiment: Even after the revisions, Zacks Research’s forecasts remain close to consensus, with full-year current earnings still expected at $3.06 per share, so the changes are incremental rather than a major outlook shift.
• Negative Sentiment: Zacks Research cut its Q2 2027 EPS estimate to $0.82 from $0.86, and trimmed FY2027 earnings to $3.35 from $3.37, which may have added some pressure on the stock.
• Negative Sentiment: The analyst also lowered its Q1 2028 estimate to $0.87 from $0.88, a small reduction that adds to the mixed tone of the overall revisions.

About MGIC Investment

MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Established in 1957 as the nation’s first private mortgage insurer, MGIC helps lenders manage credit risk and facilitates homeownership by protecting mortgage loans against default. Headquartered in Milwaukee, Wisconsin, the company operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, and maintains relationships with a broad network of originators and servicers nationwide.

The company’s primary business activity involves issuing mortgage insurance policies that enable borrowers to purchase homes with down payments below traditional lending thresholds.