MGIC Investment (MTG) Stock Overview
Through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
MTG Community Fair Values
Create NarrativeSee what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
MGIC Investment Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.72 |
| 52 Week High | US$29.97 |
| 52 Week Low | US$24.69 |
| Beta | 0.68 |
| 1 Month Change | -1.46% |
| 3 Month Change | -1.49% |
| 1 Year Change | -3.09% |
| 3 Year Change | 67.67% |
| 5 Year Change | 79.36% |
| Change since IPO | 262.57% |
Recent News & Updates
Narrative Update • Jun 08
MTG: 2026 Outlook Will Lean On Buybacks As Credit Risks Stabilize
Analysts have modestly reset their outlook on MGIC Investment, with the average price target moving closer to $28 as they factor in slower mortgage origination activity, a higher perceived risk of credit deterioration, and limited scope for a sharp growth reacceleration. Analyst Commentary Recent research points to a more balanced stance on MGIC Investment, with the stock generally framed as fairly valued around the US$28 level and upside or downside tied closely to how mortgage activity and credit trends play out from here.Narrative Update • May 25
MTG: 2026 Outlook Will Balance Buybacks With Credit Risk Concerns
The consolidated analyst price target for MGIC Investment has moved to $28, with the generally cautious shift reflecting concerns that slow mortgage origination and the risk of credit deterioration could cap upside, even as some firms make smaller $1 target adjustments in both directions. Analyst Commentary Recent research on MGIC Investment points to a mixed setup, with the consolidated US$28 price target sitting at the center of a tug-of-war between cautious and more constructive views on growth, credit risk, and valuation.Narrative Update • May 02
MTG: 2026 Outlook Will Balance Buybacks With Mixed Earnings Sustainability Views
The updated analyst price target for MGIC Investment moves slightly higher to about $28.67, with analysts pointing to modestly adjusted assumptions around revenue growth, profit margins, the discount rate, and future P/E to support the change. Analyst Commentary Recent Street research on MGIC Investment reflects a mix of optimism and caution, with several price target revisions clustering in a relatively narrow range around the updated average.Recent updates
Narrative Update • Jun 08
MTG: 2026 Outlook Will Lean On Buybacks As Credit Risks Stabilize
Analysts have modestly reset their outlook on MGIC Investment, with the average price target moving closer to $28 as they factor in slower mortgage origination activity, a higher perceived risk of credit deterioration, and limited scope for a sharp growth reacceleration. Analyst Commentary Recent research points to a more balanced stance on MGIC Investment, with the stock generally framed as fairly valued around the US$28 level and upside or downside tied closely to how mortgage activity and credit trends play out from here.Narrative Update • May 25
MTG: 2026 Outlook Will Balance Buybacks With Credit Risk Concerns
The consolidated analyst price target for MGIC Investment has moved to $28, with the generally cautious shift reflecting concerns that slow mortgage origination and the risk of credit deterioration could cap upside, even as some firms make smaller $1 target adjustments in both directions. Analyst Commentary Recent research on MGIC Investment points to a mixed setup, with the consolidated US$28 price target sitting at the center of a tug-of-war between cautious and more constructive views on growth, credit risk, and valuation.Narrative Update • May 02
MTG: 2026 Outlook Will Balance Buybacks With Mixed Earnings Sustainability Views
The updated analyst price target for MGIC Investment moves slightly higher to about $28.67, with analysts pointing to modestly adjusted assumptions around revenue growth, profit margins, the discount rate, and future P/E to support the change. Analyst Commentary Recent Street research on MGIC Investment reflects a mix of optimism and caution, with several price target revisions clustering in a relatively narrow range around the updated average.Narrative Update • Apr 18
MTG: Balanced 2026 Outlook Will Reflect Buybacks And Mixed Mortgage Credit Expectations
Narrative Update The analyst price target for MGIC Investment has shifted to $28.50 from $28.17, as analysts point to updated fair value and modest adjustments to the discount rate, revenue growth, profit margin, and forward P/E assumptions. Analyst Commentary Recent research updates show a mix of optimism and caution on MGIC Investment, with several firms adjusting price targets in both directions.Seeking Alpha • Apr 14
MGIC Investment: Looking For Signs Of Improvement In Q1 2026 Earnings
Summary MGIC Investment Corporation remains rated Hold due to persistent headwinds in the US housing market and lack of competitive differentiation. MTG’s EPS growth is primarily driven by aggressive share buybacks, with a 31.9% share reduction over five years, masking declines in net income. Despite a five-year streak of dividend increases and robust capital returns, MTG faces rising net losses and uneven home-buying activity in key states. Forward P/E remains in single digits, but sector-wide low multiples and market-driven risks limit upside; I see no catalyst for an upgrade. Read the full article on Seeking AlphaNarrative Update • Apr 03
MTG: Benign 2026 Credit And Mortgage Outlook Will Shape Balanced Return Profile
Narrative Update The consensus analyst price target for MGIC Investment has shifted to $28.00, reflecting recent adjustments by firms that cited updated views on credit conditions, mortgage origination trends into 2026, and the broader outlook for select consumer finance names. Analyst Commentary Recent research updates on MGIC Investment show a mix of optimism about the longer term opportunity and caution around nearer term execution and valuation, which helps explain why the consensus price target now sits at about $28.00.Narrative Update • Mar 19
MTG: Benign 2026 Credit And Mortgage Outlook Will Guide Balanced Return Potential
The updated analyst price target for MGIC Investment edges down by about $0.25 to roughly $28.17, as analysts factor in slightly softer revenue growth assumptions, modestly higher profit margin expectations, and a lower future P/E multiple following recent target revisions from UBS and Barclays. Analyst Commentary Recent research has focused on refining valuation assumptions for MGIC Investment rather than making major calls on the business direction.Narrative Update • Mar 05
MTG: Benign 2026 Credit And Mortgage Outlook Will Shape Balanced Returns
Analysts trimmed their MGIC Investment price target by $2 to $28, citing modest adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions, while still reflecting the recent swing in Street views between $28 and $30 targets. Analyst Commentary Recent Street research on MGIC Investment reflects shifting views around 2026 credit and mortgage trends, which feeds directly into how analysts frame valuation, growth potential and execution risk.Narrative Update • Feb 18
MTG: Benign Credit And 2026 Mortgage Setup Will Guide Balanced Outlook
Analysts have reduced their price target on MGIC Investment by about $0.33 to $28.42. The revision reflects updated assumptions that include slightly softer revenue growth, a modestly lower future P/E, and a small improvement in profit margin informed by recent research commentary.Narrative Update • Feb 04
MTG: Benign Credit And 2026 Mortgage Setup Will Shape Balanced Outlook
Analysts have lifted their price target on MGIC Investment to $30 from $28, citing expectations for a supportive credit backdrop, potential loan growth and an improved mortgage origination market in 2026, along with updated assumptions for the discount rate, revenue, profit margin and future P/E. Analyst Commentary Recent Street research around MGIC Investment focuses on how credit quality and mortgage activity in 2026 could influence earnings power and what investors are willing to pay for the stock.Narrative Update • Jan 21
MTG: Benign Credit And 2026 Mortgage Outlook Will Guide Balanced Return Potential
Analysts have lifted their implied fair value estimate for MGIC Investment from $27.83 to $28.75, pointing to updated assumptions on discount rate, modestly higher revenue growth and profit margin, a revised forward P/E, and Street research that highlights a supportive credit backdrop and a potentially better mortgage origination market in 2026. Analyst Commentary Recent Street research has focused on how a steady credit backdrop and potential improvement in mortgage originations in 2026 could affect MGIC Investment's earnings power and valuation.Narrative Update • Jan 06
MTG: Benign Credit And 2026 Mortgage Activity Will Shape Balanced Outlook
Analysts have nudged their price target on MGIC Investment higher, with the fair value estimate moving from about $27.67 to roughly $27.83, citing expectations for a supportive credit backdrop and a healthier mortgage origination market in 2026. Analyst Commentary Recent research updates point to a slightly higher fair value range for MGIC Investment, with bullish analysts framing the story around credit quality and the potential for a more active mortgage market in 2026.Narrative Update • Dec 15
MTG: Credit Strength And Elevated Rates Will Shape Balanced Outlook Into 2026
Analysts have nudged their price target on MGIC Investment higher to $28.00 from $27.00, citing resilient credit performance despite broader caution on consumer health and a rate environment that, while still elevated into 2026, has recently provided a measured boost to mortgage-market sentiment. Analyst Commentary Bullish analysts view the higher price target as a reflection of disciplined underwriting and more than two years of tightened credit standards that are still supporting low loss levels and stable returns on equity.Narrative Update • Nov 28
MTG: Credit Performance Strength And Rate Environment Will Define Outlook Into 2026
Analysts have raised their price target for MGIC Investment from $27 to $28. This reflects optimism about ongoing credit performance, even as sentiment in the mortgage market has become more cautious.Narrative Update • Nov 14
MTG: Strong Credit Performance and Economic Caution Will Shape Outlook
Analysts Raise Price Target for MGIC Investment Analysts have increased their price target for MGIC Investment by $1 to $28, citing continued strong credit performance and tempered optimism in the mortgage market, even as economic caution persists. Analyst Commentary Following the recent price target adjustment, analysts have shared a balanced view on MGIC Investment, highlighting both reasons for optimism and key areas of caution as the company heads into its Q3 results.Narrative Update • Oct 30
MTG: Credit Performance And Rate Shifts Will Shape Mortgage Insurance Outlook
MGIC Investment's analyst price target has been raised by $0.67 to $27.67. Analysts cite improving credit performance and optimism in the mortgage market, balanced by ongoing caution over elevated rates.Seeking Alpha • Feb 09
MGIC Investment: A Junk Bond Earnings Yield With Growth
Summary MGIC offers a compelling 12% earnings yield, significantly higher than the market average. It is priced for declining earnings despite likely reasonable growth ahead. The company’s conservative underwriting standards and aggressive stock buybacks have driven substantial cash EPS growth and increased shareholder value. MGIC's risks include potential impacts from a major recession, forced price cuts, rapid policy cancellations, and AI-driven competition. With patience, MGIC's stock could rise 30-45% in a year, supported by continued buybacks and a robust earnings yield. Read the full article on Seeking AlphaSeeking Alpha • Feb 03
MGIC Looks Strong, But The Housing Market Headwinds Are Stronger
Summary MGIC Investment is well-positioned for future success but faces challenges due to a sluggish housing market and high mortgage rates. The company has a strong capital position, with significant share buybacks and an upgraded credit rating, but market conditions remain unfavorable. Tariffs on imports from Canada, Mexico, and China could further strain the housing market, impacting construction costs and economic growth. I rate MTG as a 'Hold' until the stock price falls back or market conditions improve for US home buyers. Read the full article on Seeking AlphaSeeking Alpha • Nov 05
MGIC Investment Q3: Home Prices Limit Potential Losses, But Hold Due To Valuation Concerns
Summary MGIC Investment shares have gained 34% over the past year, but recently pulled back 10% due to concerns over the US housing market. Q3 earnings report showed $0.77 in adjusted EPS and a 3% revenue increase, driven by higher net investment income and flat policy exposure. MTG benefits from high home prices and low delinquencies, with strong capital returns to shareholders via buybacks and dividends. Despite a favorable macroeconomic environment, shares are a "hold" due to valuation concerns and potential future losses from newer policies. Read the full article on Seeking Alpha
New Narrative • Aug 28
Sharpening Shareholder Value Through Critical Capital Management In The Insurance Sector
Strong focus on capital management and shareholder value enhancement through share repurchases and dividend increases, likely improving EPS.Seeking Alpha • Jul 09
MGIC Investment: Limited Upside Given Earnings Are Likely Peaking
Summary MGIC Investment Corporation shares have risen by over 36% in the past year due to a strong housing market and employment conditions, all but eliminating losses. The company's earnings have increased, driven by higher interest rates and aggressive stock buybacks, leading to a 7.1% decline in share count. MGIC has been nearly a no-loss business due to low defaults and rising home prices, but may face slow and steady increases in policy losses in the future. Read the full article on Seeking AlphaSeeking Alpha • Feb 04
Buy MGIC - Slow, Steady And Still Cheap
Summary MGIC reported solid Q4 earnings, with cash operating EPS of $0.63 and a 12.5% increase in quarterly dividend. Claim payments on private mortgage insurance remain extremely low, at $13 million in Q4. MGIC's stock remains cheap with a P/E ratio of 7.5 and a cash return of 13.4%, making it an attractive investment option. Mt target price is $27, up over 35%. Read the full article on Seeking AlphaSeeking Alpha • Dec 26
Home Mortgage Industry Arbitrage - Buy MGIC, Sell Rocket
Summary MGIC and Rocket Companies operate in different niches of the home mortgage business, with MGIC being a private mortgage insurer and Rocket being a mortgage banker. The valuations of MGIC and Rocket differ significantly, with investors being pessimistic about MGIC and optimistic about Rocket. The article argues that the valuation difference may not be justified, as MGIC is unlikely to experience substantially higher mortgage default claims payments and Rocket is unlikely to benefit from a surge in mortgage originations. My target prices suggest that MGIC is 30% undervalued and Rocket 50% overvalued. Read the full article on Seeking AlphaShareholder Returns
| MTG | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | 3.5% | 1.7% | -3.3% |
| 1Y | -3.1% | -10.9% | 22.3% |
Return vs Industry: MTG exceeded the US Diversified Financial industry which returned -10.9% over the past year.
Return vs Market: MTG underperformed the US Market which returned 22.3% over the past year.
Price Volatility
| MTG volatility | |
|---|---|
| MTG Average Weekly Movement | 3.5% |
| Diversified Financial Industry Average Movement | 6.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MTG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MTG's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1957 | 542 | Tim Mattke | www.mgic.com |
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary 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 on the mortgage or sale of the underlying property. It also provides contract underwriting services, as well as reinsurance services.
MGIC Investment Corporation Fundamentals Summary
| MTG fundamental statistics | |
|---|---|
| Market cap | US$5.40b |
| Earnings (TTM) | US$718.19m |
| Revenue (TTM) | US$1.20b |
7.6x
P/E Ratio4.5x
P/S RatioIs MTG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MTG income statement (TTM) | |
|---|---|
| Revenue | US$1.20b |
| Cost of Revenue | US$80.74m |
| Gross Profit | US$1.12b |
| Other Expenses | US$405.55m |
| Earnings | US$718.19m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.40 |
| Gross Margin | 93.30% |
| Net Profit Margin | 59.63% |
| Debt/Equity Ratio | 12.8% |
How did MTG perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield18%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 21:35 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MGIC Investment Corporation is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bruce Harting | Barclays |
| Terry Ma | Barclays |
| Mihir Bhatia | BofA Global Research |