FY2026 EPS Forecast for MGIC Investment Boosted by Analyst

MGIC Investment Corporation (NYSE:MTG) – Equities research analysts at DOWLING & PARTN upped their FY2026 earnings estimates for shares of MGIC Investment in a note issued to investors on Friday, July 31st. DOWLING & PARTN analyst G. Dunn now expects that the insurance provider will earn $3.12 per share for the year, up from their previous forecast of $3.00. The consensus estimate for MGIC Investment’s current full-year earnings is $3.09 per share. DOWLING & PARTN also issued estimates for MGIC Investment’s FY2028 earnings at $3.25 EPS.

MGIC Investment (NYSE:MTG) last released its quarterly earnings results on Wednesday, July 29th. The insurance provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. MGIC Investment had a net margin of 59.20% and a return on equity of 13.90%. The business had revenue of $295.39 million for the quarter, compared to analysts’ expectations of $297.54 million. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year.

MTG has been the topic of several other reports. Roth Capital reiterated a “buy” rating and set a $35.00 price target on shares of MGIC Investment in a research report on Thursday. Weiss Ratings upgraded shares of MGIC Investment from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada lifted their price objective on MGIC Investment from $28.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday. Barclays reduced their target price on MGIC Investment from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Finally, Keefe, Bruyette & Woods raised their price target on MGIC Investment from $29.00 to $30.00 and gave the company a “market perform” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.60.

MGIC Investment Stock Up 1.8%

MTG opened at $30.59 on Tuesday. The company has a 50 day moving average of $27.51 and a 200 day moving average of $26.99. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.13. MGIC Investment has a 12 month low of $24.69 and a 12 month high of $31.89. The company has a market cap of $6.27 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.05 and a beta of 0.67.

MGIC Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from MGIC Investment’s previous quarterly dividend of $0.15. MGIC Investment’s payout ratio is 21.25%.

MGIC Investment announced that its board has authorized a stock buyback plan on Thursday, April 23rd that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 12.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other MGIC Investment news, COO Salvatore A. Miosi sold 30,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $25.38, for a total transaction of $761,400.00. Following the transaction, the chief operating officer directly owned 560,951 shares in the company, valued at $14,236,936.38. This trade represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paula C. Maggio sold 20,937 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $25.55, for a total transaction of $534,940.35. Following the completion of the sale, the executive vice president owned 169,620 shares of the company’s stock, valued at approximately $4,333,791. The trade was a 10.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of MGIC Investment by 9.6% in the second quarter. GAMMA Investing LLC now owns 7,993 shares of the insurance provider’s stock worth $225,000 after purchasing an additional 701 shares during the last quarter. Harbor Investment Advisory LLC increased its position in MGIC Investment by 613.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,574 shares of the insurance provider’s stock valued at $73,000 after purchasing an additional 2,213 shares during the period. Militia Capital Management LLC purchased a new stake in shares of MGIC Investment in the 1st quarter worth about $788,000. NewEdge Advisors LLC increased its position in shares of MGIC Investment by 1.8% during the first quarter. NewEdge Advisors LLC now owns 141,211 shares of the insurance provider’s stock valued at $3,707,000 after buying an additional 2,559 shares during the period. Finally, Bank of America Corp DE raised its stake in MGIC Investment by 15.4% in the first quarter. Bank of America Corp DE now owns 1,415,378 shares of the insurance provider’s stock worth $37,154,000 after buying an additional 188,519 shares in the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.

MGIC Investment Company Profile

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.