MGIC Investment Corporation (MTG): Price and Financial Metrics


MGIC Investment Corporation (MTG)

Today's Latest Price: $10.04 USD

0.20 (2.03%)

Updated Oct 22 1:57pm

Add MTG to Watchlist
Sign Up

Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 232 in Financial Services (Enterprise)

See all "A" rated Strong Buy stocks

MTG Stock Summary

  • Mgic Investment Corp's stock had its IPO on August 7, 1991, making it an older stock than 83.18% of US equities in our set.
  • With a price/earnings ratio of 6.43, Mgic Investment Corp P/E ratio is greater than that of about just 7.62% of stocks in our set with positive earnings.
  • Of note is the ratio of Mgic Investment Corp's sales and general administrative expense to its total operating expenses; 87.82% of US stocks have a lower such ratio.
  • If you're looking for stocks that are quantitatively similar to Mgic Investment Corp, a group of peers worth examining would be TGLS, RAND, CPAC, OSN, and MHLD.
  • Visit MTG's SEC page to see the company's official filings. To visit the company's web site, go to mtg.mgic.com.

MTG Stock Price Chart Interactive Chart >

Price chart for MTG

MTG Price/Volume Stats

Current price $10.04 52-week high $15.24
Prev. close $9.84 52-week low $4.34
Day low $9.85 Volume 1,930,645
Day high $10.15 Avg. volume 5,225,481
50-day MA $9.38 Dividend yield 2.44%
200-day MA $9.29 Market Cap 3.40B

MGIC Investment Corporation (MTG) Company Bio


MGIC Investment Corporation provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company was founded in 1957 and is based in Milwaukee, Wisconsin.

MTG Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$10.04$255.24 2400%

Below please find a table outlining a discounted cash flow forecast for MTG, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Mgic Investment Corp ranked in the 90th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 2412% on a DCF basis. The most interesting components of our discounted cash flow analysis for Mgic Investment Corp ended up being:

  • In the past 4.75 years, Mgic Investment Corp has a compound free cash flow growth rate of 0.68%; that's higher than 90.64% of free cash flow generating stocks in the Financial Services sector.
  • Mgic Investment Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 19.35% of tickers in our DCF set.
  • MTG's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than merely 19.35% of tickers in our DCF set.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%2351%
1%2375%
2%2400%
3%2424%
4%2449%
5%2473%

Want more companies with a valuation profile/forecast similar to that of Mgic Investment Corp? See ENVA, LFC, ESGR, TREE, and GECC.


MTG Latest News Stream


Event/Time News Detail
Loading, please wait...

MTG Latest Social Stream


Loading social stream, please wait...

View Full MTG Social Stream

Latest MTG News From Around the Web

Below are the latest news stories about Mgic Investment Corp that investors may wish to consider to help them evaluate MTG as an investment opportunity.

AM Best Affirms Credit Ratings of MGIC Investment Corporation’s Operating Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of operating subsidiaries of MGIC Investment Corporation. The operating subsidiaries are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, MGIC Assurance Corporation and MGIC Reinsurance Corporation of Wisconsin (collectively referred to as MGIC). The outlook of the Credit Ratings (ratings) is stable. All companies are domiciled

Business Wire | September 18, 2020

MGIC Investment Is Swimming In Capital

MGIC Investment (MTG) has staged a powerful rally from the depths of the Covid-19 lows in early April. The thesis of this article is that the stock is potentially very attractive, but there is a speculative element to buying it here due to the lack of an apparent horizon for...

FIG Ideas on Seeking Alpha | September 16, 2020

MGIC Investment reorganizes debt with notes offering, tender offer

MGIC Investment Corporation ([[MTG]] +1.5%) has commenced a public offering of its senior notes due 2028. The company also announced a tender offer to purchase any and all of the company's $425M of outstanding 5.750% senior notes due 2023. Net proceeds will be used to finance the Tender Offer, to...

Seeking Alpha | August 6, 2020

MGIC Investment Announces Quarterly Dividend of $0.06 Per Share

The Board of Directors of MGIC Investment Corporation (NYSE:MTG) today declared a quarterly cash dividend of $0.06 per share.

Yahoo | July 30, 2020

Mortgage Guaranty Insurance Corp. -- Moody's announces completion of a periodic review of ratings of MGIC Investment Corporation

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MGIC Investment Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Yahoo | July 29, 2020

Read More 'MTG' Stories Here

MTG Price Returns

1-mo 13.96%
3-mo 30.46%
6-mo 62.04%
1-year -27.20%
3-year -24.60%
5-year 7.94%
YTD -27.76%
2019 36.71%
2018 -25.87%
2017 38.47%
2016 15.40%
2015 -5.26%

MTG Dividends

Ex-Dividend Date Type Payout Amount Change
Loading, please wait...
View Full MTG Dividend History

Continue Researching MTG

Here are a few links from around the web to help you further your research on Mgic Investment Corp's stock as an investment opportunity:

Mgic Investment Corp (MTG) Stock Price | Nasdaq
Mgic Investment Corp (MTG) Stock Quote, History and News - Yahoo Finance
Mgic Investment Corp (MTG) Stock Price and Basic Information | MarketWatch


Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!



Page generated in 0.8807 seconds.