MGIC Investment Corporation (NYSE:MTG) Stock Has Consensus Price Target of $31.00

Shares of MGIC Investment Corporation (NYSE:MTG) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.00.

A number of analysts have issued reports on the stock. Roth Capital reiterated a “buy” rating and issued a $35.00 price target on shares of MGIC Investment in a report on Thursday, July 30th. Barclays raised their price objective on MGIC Investment from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings raised MGIC Investment from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 19th. BTIG Research started coverage on MGIC Investment in a report on Tuesday, September 22nd. They issued a “hold” rating on the stock. Finally, Zacks Research downgraded MGIC Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th.

More MGIC Investment News

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

• Positive Sentiment: MGIC reported third-quarter adjusted earnings of $0.85 per share, ahead of the roughly $0.81 consensus, with revenue slightly above estimates. Insurance-in-force growth and expense discipline helped offset pressure elsewhere. MTG Q3 Earnings Beat on Lower Expenses, Revenues Fall Y/Y
• Positive Sentiment: Management indicated operating expenses could come in slightly below its $190 million–$200 million range and extended quota-share reinsurance through 2029, supporting cost control and risk management. MGIC signals lower operating expenses and extends quota-share reinsurance
• Neutral Sentiment: Barclays raised its price target from $29 to $30 but kept an “equal weight” rating, indicating limited conviction in near-term outperformance. Barclays stock recommendations
• Negative Sentiment: Revenue declined year over year, while rising losses and delinquencies, lower sales, and margin pressure remain concerns that could offset the earnings beat. MTG Q3 2026 deep dive

Insider Buying and Selling

In other news, COO Salvatore Miosi sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $26.06, for a total transaction of $781,800.00. Following the sale, the chief operating officer directly owned 440,951 shares of the company’s stock, valued at $11,491,183.06. This represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy Mattke sold 137,114 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $26.23, for a total value of $3,596,500.22. Following the sale, the chief executive officer directly owned 843,778 shares in the company, valued at $22,132,296.94. This trade represents a 13.98% 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. In the last ninety days, insiders sold 197,114 shares of company stock worth $5,300,200. Corporate insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On MGIC Investment

Large investors have recently bought and sold shares of the business. EagleClaw Capital Managment LLC grew its stake in shares of MGIC Investment by 5.2% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 89,350 shares of the insurance provider’s stock worth $2,309,000 after buying an additional 4,400 shares in the last quarter. Lido Advisors LLC raised its position in shares of MGIC Investment by 17.1% during the 3rd quarter. Lido Advisors LLC now owns 31,100 shares of the insurance provider’s stock valued at $804,000 after buying an additional 4,550 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of MGIC Investment in the 3rd quarter valued at about $250,000. Brighton Jones LLC lifted its holdings in shares of MGIC Investment by 6.9% in the 3rd quarter. Brighton Jones LLC now owns 74,234 shares of the insurance provider’s stock valued at $1,918,000 after acquiring an additional 4,809 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in shares of MGIC Investment by 3.9% in the 3rd quarter. Ethic Inc. now owns 9,402 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 351 shares during the last quarter. Institutional investors own 95.58% of the company’s stock.

MGIC Investment Price Performance

Shares of MGIC Investment stock traded down $0.74 on Friday, hitting $28.61. 2,884,503 shares of the company traded hands, compared to its average volume of 2,249,401. The stock has a market capitalization of $5.87 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 1.03 and a beta of 0.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.19 and a current ratio of 1.19. MGIC Investment has a 52 week low of $24.69 and a 52 week high of $31.89. The business has a 50-day simple moving average of $28.81 and a 200 day simple moving average of $27.82.

MGIC Investment (NYSE:MTG) last issued its earnings results on Wednesday, November 4th. The insurance provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $299.08 million during the quarter, compared to analyst estimates of $298.66 million. MGIC Investment had a net margin of 59.20% and a return on equity of 13.90%. MGIC Investment’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Research analysts expect that MGIC Investment will post 3.22 earnings per share for the current fiscal year.

MGIC Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, November 12th. MGIC Investment’s dividend payout ratio (DPR) is currently 21.12%.

MGIC Investment Company Profile

MGIC Investment Corporation (NYSE:MTG) is a holding company whose principal subsidiary is Mortgage Guaranty Insurance Corporation (MGIC), a provider of private mortgage insurance in the United States. MGIC’s insurance helps protect mortgage lenders and investors against losses when borrowers default, enabling qualified homebuyers to obtain mortgages with smaller down payments.

MGIC primarily offers primary mortgage insurance for residential loans, working with mortgage lenders, banks and other housing-finance institutions.