MGIC Investment Corporation (MTG): Price and Financial Metrics

MGIC Investment Corporation (MTG): $20.60

0.39 (-1.86%)

POWR Rating

Component Grades

Momentum

A

Stability

C

Sentiment

Quality

C

MTG Price/Volume Stats

Current price $20.60 52-week high $21.21
Prev. close $20.99 52-week low $12.16
Day low $20.59 Volume 2,484,100
Day high $21.06 Avg. volume 2,077,298
50-day MA $19.69 Dividend yield 2.19%
200-day MA $17.77 Market Cap 5.56B

MTG Stock Price Chart Interactive Chart >

MTG POWR Grades

  • MTG scores best on the Momentum dimension, with a Momentum rank ahead of 90.65% of US stocks.
  • MTG's strongest trending metric is Stability; it's been moving up over the last 26 weeks.
  • MTG ranks lowest in Growth; there it ranks in the 19th percentile.

MTG Stock Summary

  • MGIC INVESTMENT CORP's stock had its IPO on August 7, 1991, making it an older stock than 83.84% of US equities in our set.
  • With a price/earnings ratio of 7.37, MGIC INVESTMENT CORP P/E ratio is greater than that of about only 10.72% 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; 87.34% of US stocks have a lower such ratio.
  • Stocks that are quantitatively similar to MTG, based on their financial statements, market capitalization, and price volatility, are ESNT, CMC, ASIX, NMIH, and WIRE.
  • MTG's SEC filings can be seen here. And to visit MGIC INVESTMENT CORP's official web site, go to mtg.mgic.com.

MTG Valuation Summary

  • In comparison to the median Financial Services stock, MTG's price/sales ratio is 283.33% higher, now standing at 4.6.
  • Over the past 243 months, MTG's price/sales ratio has gone up 1.4.

Below are key valuation metrics over time for MTG.

Stock Date P/S P/B P/E EV/EBIT
MTG 2023-12-22 4.6 1.1 7.5 6.1
MTG 2023-12-21 4.6 1.1 7.5 6.0
MTG 2023-12-20 4.6 1.1 7.4 6.0
MTG 2023-12-19 4.6 1.1 7.4 6.0
MTG 2023-12-18 4.5 1.1 7.3 5.9
MTG 2023-12-15 4.5 1.1 7.3 5.9

MTG Growth Metrics

    Its 4 year cash and equivalents growth rate is now at -13.47%.
  • Its 4 year revenue growth rate is now at 15.44%.
  • Its 3 year net cashflow from operations growth rate is now at 26.22%.
MTG's revenue has moved up $108,001,000 over the prior 70 months.

The table below shows MTG's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-12-31 1,172.785 650.012 865.349
2022-09-30 1,174.651 667.7 847.84
2022-06-30 1,177.598 708.574 756.192
2022-03-31 1,182.334 726.295 659.975
2021-12-31 1,185.675 696.317 634.983
2021-09-30 1,193.836 735.866 612.479

MTG's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • MTG has a Quality Grade of C, ranking ahead of 47.13% of graded US stocks.
  • MTG's asset turnover comes in at 0.16 -- ranking 98th of 133 Insurance stocks.
  • FNF, ESNT, and ITIC are the stocks whose asset turnover ratios are most correlated with MTG.

The table below shows MTG's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-09-30 0.160 0.887 0.100
2021-06-30 0.162 0.870 0.097
2021-03-31 0.167 0.711 0.079
2020-12-31 0.176 0.696 0.083
2020-09-30 0.185 0.716 0.091
2020-06-30 0.196 0.727 0.103

MTG Price Target

For more insight on analysts targets of MTG, see our MTG price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $17.39 Average Broker Recommendation 1.4 (Strong Buy)

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.


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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.

15 Best Mortgage Insurance Companies Heading into 2024

In this article, we will look into the 15 best mortgage insurance companies heading into 2024. If you want to skip our detailed analysis, you can go directly to the 5 Best Mortgage Insurance Companies Heading into 2024. Mortgage Insurance Market Shift According to an article by National Mortgage News, published on August 7, 2023, […]

Yahoo | December 27, 2023

4 Insurers With 25% Gains in 2023 Still Have Room to Run

Banking on strong fundamentals and benefiting from a favorable macro backdrop, AIZ, MTG, NMIH and RDN have not only outperformed the industry but have also crushed the market and the Finance sector. These companies are well-poised to sustain the bull run next year.

Yahoo | December 19, 2023

MGIC Investment (MTG) Up 33.2% in a Year: Will the Rally Last?

MGIC Investment (MTG) stock rallies on the back of higher insurance in force, a decline in loss and claims payments, better housing market fundamentals and prudent capital deployment.

Yahoo | December 7, 2023

Are Investors Undervaluing MGIC Investment (MTG) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Yahoo | December 5, 2023

Why Is MetLife (MET) Up 6% Since Last Earnings Report?

MetLife (MET) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Yahoo | December 1, 2023

Read More 'MTG' Stories Here

MTG Price Returns

1-mo 6.63%
3-mo 7.88%
6-mo 23.07%
1-year 67.62%
3-year 70.67%
5-year 70.99%
YTD 7.44%
2023 52.41%
2022 -7.50%
2021 17.19%
2020 -9.20%
2019 36.71%

MTG Dividends

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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

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