Q3 EPS Estimates for MGIC Investment Cut by Zacks Research

MGIC Investment Co. (NYSE:MTG) – Equities researchers at Zacks Research dropped their Q3 2026 earnings estimates for MGIC Investment in a note issued to investors on Monday, February 24th. Zacks Research analyst R. Department now anticipates that the insurance provider will post earnings of $0.68 per share for the quarter, down from their previous forecast of $0.69. The consensus estimate for MGIC Investment’s current full-year earnings is $2.71 per share. Zacks Research also issued estimates for MGIC Investment’s FY2027 earnings at $4.10 EPS.

MGIC Investment (NYSE:MTG) last issued its earnings results on Monday, February 3rd. The insurance provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. MGIC Investment had a net margin of 63.18% and a return on equity of 14.86%.

MTG has been the subject of several other reports. Compass Point restated a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of MGIC Investment in a research note on Wednesday, February 5th. Bank of America cut MGIC Investment from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $26.00 to $25.00 in a research report on Monday, December 9th. Barclays increased their target price on shares of MGIC Investment from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. UBS Group raised their target price on shares of MGIC Investment from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada cut their target price on shares of MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.75.

MGIC Investment Price Performance

MTG opened at $24.08 on Wednesday. The firm has a market cap of $6.10 billion, a PE ratio of 8.30 and a beta of 1.29. MGIC Investment has a 1 year low of $19.15 and a 1 year high of $26.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.48 and a quick ratio of 1.25. The stock has a 50-day moving average price of $24.32 and a 200-day moving average price of $24.81.

Institutional Trading of MGIC Investment

Hedge funds have recently modified their holdings of the business. Peak Retirement Planning Inc. acquired a new stake in MGIC Investment in the 4th quarter valued at about $512,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MGIC Investment by 3.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,206,491 shares of the insurance provider’s stock worth $28,606,000 after acquiring an additional 45,448 shares during the last quarter. Squarepoint Ops LLC increased its position in MGIC Investment by 423.3% during the 4th quarter. Squarepoint Ops LLC now owns 493,749 shares of the insurance provider’s stock worth $11,707,000 after purchasing an additional 399,397 shares in the last quarter. Two Sigma Advisers LP raised its holdings in MGIC Investment by 11.0% in the fourth quarter. Two Sigma Advisers LP now owns 81,600 shares of the insurance provider’s stock valued at $1,935,000 after buying an additional 8,100 shares during the period. Finally, State of Wyoming lifted its position in MGIC Investment by 11.4% during the fourth quarter. State of Wyoming now owns 31,091 shares of the insurance provider’s stock valued at $737,000 after buying an additional 3,180 shares in the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MGIC Investment

In other MGIC Investment news, CAO Julie K. Sperber sold 4,600 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $24.55, for a total transaction of $112,930.00. Following the completion of the sale, the chief accounting officer now directly owns 75,070 shares of the company’s stock, valued at approximately $1,842,968.50. This trade represents a 5.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.05% of the stock is currently owned by insiders.

MGIC Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Tuesday, February 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Tuesday, February 18th. MGIC Investment’s dividend payout ratio (DPR) is 17.93%.

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.