MGIC Investment Q3 EPS Forecast Decreased by Zacks Research

MGIC Investment Co. (NYSE:MTG) – Analysts at Zacks Research cut their Q3 2026 earnings per share 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 estimate 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 released its quarterly earnings data on Monday, February 3rd. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. MGIC Investment had a return on equity of 14.86% and a net margin of 63.18%.

Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods dropped their target price on MGIC Investment from $29.00 to $28.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. 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 downgraded shares of MGIC Investment from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $26.00 to $25.00 in a report on Monday, December 9th. Barclays lifted their target price on shares of MGIC Investment from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reduced their price target on MGIC Investment from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.75.

MGIC Investment Trading Up 0.5 %

Shares of MTG stock opened at $24.24 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 0.48. The company has a market cap of $6.14 billion, a P/E ratio of 8.36 and a beta of 1.29. The stock has a 50 day simple moving average of $24.35 and a two-hundred day simple moving average of $24.80. MGIC Investment has a fifty-two week low of $19.26 and a fifty-two week high of $26.56.

Hedge Funds Weigh In On MGIC Investment

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

Insider Activity at MGIC Investment

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

MGIC Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Tuesday, February 18th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.15%. MGIC Investment’s payout ratio 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.