MGIC Investment Corporation

NYSE:MTG Stock Report

Market Cap: US$5.9b

MGIC Investment Management

Management criteria checks 4/4

MGIC Investment's CEO is Tim Mattke, appointed in Jul 2019, has a tenure of 4.67 years. total yearly compensation is $6.89M, comprised of 13.6% salary and 86.4% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth $19.30M. The average tenure of the management team and the board of directors is 4.7 years and 7.8 years respectively.

Key information

Tim Mattke

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage13.6%
CEO tenure4.7yrs
CEO ownership0.3%
Management average tenure4.7yrs
Board average tenure7.8yrs

Recent management updates

Recent updates

Here's What Analysts Are Forecasting For MGIC Investment Corporation (NYSE:MTG) After Its Yearly Results

Feb 24
Here's What Analysts Are Forecasting For MGIC Investment Corporation (NYSE:MTG) After Its Yearly Results

Buy MGIC - Slow, Steady And Still Cheap

Feb 04

Home Mortgage Industry Arbitrage - Buy MGIC, Sell Rocket

Dec 26

Benign Growth For MGIC Investment Corporation (NYSE:MTG) Underpins Its Share Price

Dec 26
Benign Growth For MGIC Investment Corporation (NYSE:MTG) Underpins Its Share Price

Buy MGIC: Ramping Up The Cash To Investors

Nov 02

MGIC Investment May Be An Attractive Play On A Resilient Housing Market

Oct 16

Is Now The Time To Put MGIC Investment (NYSE:MTG) On Your Watchlist?

Sep 26
Is Now The Time To Put MGIC Investment (NYSE:MTG) On Your Watchlist?

Buy MGIC: This Time Mortgage Credit Really Is Different

Aug 16

MGIC Investment's (NYSE:MTG) Dividend Will Be Increased To $0.115

Jul 31
MGIC Investment's (NYSE:MTG) Dividend Will Be Increased To $0.115

Buy Housing Stock MGIC, Sell Redfin, Seriously Skewed Valuations

Jul 12

MGIC's Recent Rally Reduces Upside, But The Stock Remains A 'Buy'

Jun 25

We Ran A Stock Scan For Earnings Growth And MGIC Investment (NYSE:MTG) Passed With Ease

Jun 09
We Ran A Stock Scan For Earnings Growth And MGIC Investment (NYSE:MTG) Passed With Ease

Here's Why We Think MGIC Investment (NYSE:MTG) Might Deserve Your Attention Today

Feb 22
Here's Why We Think MGIC Investment (NYSE:MTG) Might Deserve Your Attention Today

MGIC Investment Q4 2022 Earnings Preview

Jan 31

MGIC Investment declares $0.10 dividend

Jan 24

MGIC Investment Corporation: Strong Buy At 84% Of Book Value

Jan 09

Buy MGIC: Capital-Light Strategy Meets A Housing-Light USA

Nov 08

MGIC Investment declares $0.10 dividend

Oct 27

MGIC: Yes, Housing Stinks, But Buy This Home Mortgage Insurer

Oct 08

MGIC Investment's (NYSE:MTG) Dividend Will Be Increased To $0.10

Aug 01
MGIC Investment's (NYSE:MTG) Dividend Will Be Increased To $0.10

MGIC Investment declares raises dividend by 25% to $0.10

Jul 28

Buy MGIC, Or Are Investors Right That You Could Lose Your House?

Jun 15

MGIC: Buy This Housing Stock. Let MGIC's Facts Replace Housing Fears

May 08

Buy MGIC If Selling At Half Of Liquidation Value Seems Cheap To You

Apr 11

MGIC Investment: Sorting Out This Mortgage Insurer's Strategic Endgame

Feb 07

MGIC Investment's (NYSE:MTG) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 01
MGIC Investment's (NYSE:MTG) Shareholders Will Receive A Bigger Dividend Than Last Year

MGIC: Mortgage Insurer Gets The Excess Cash Flowing

Oct 31

MGIC Investment (NYSE:MTG) Will Pay A Larger Dividend Than Last Year At US$0.08

Aug 05
MGIC Investment (NYSE:MTG) Will Pay A Larger Dividend Than Last Year At US$0.08

Mortgage Insurer MGIC: The Anti-Ape Cash Machine. When You're Ready For Earnings

Jun 13

MGIC Investment delinquent loan inventory fell ~6% in May

Jun 07

MGIC Investment Corporation 2021 Q1 - Results - Earnings Call Presentation

May 06

Who Has Been Buying MGIC Investment Corporation (NYSE:MTG) Shares?

Mar 18
Who Has Been Buying MGIC Investment Corporation (NYSE:MTG) Shares?

MGIC Investment Corporation (NYSE:MTG) Passed Our Checks, And It's About To Pay A US$0.06 Dividend

Feb 11
MGIC Investment Corporation (NYSE:MTG) Passed Our Checks, And It's About To Pay A US$0.06 Dividend

Anxious About Bubble? Consider Buying $1.00 Of MGIC For $0.64

Jan 29

The Case For MGIC Investment Corporation (NYSE:MTG): Could It Be A Nice Addition To Your Dividend Portfolio?

Jan 18
The Case For MGIC Investment Corporation (NYSE:MTG): Could It Be A Nice Addition To Your Dividend Portfolio?

CEO Compensation Analysis

How has Tim Mattke's remuneration changed compared to MGIC Investment's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$713m

Sep 30 2023n/an/a

US$720m

Jun 30 2023n/an/a

US$787m

Mar 31 2023n/an/a

US$845m

Dec 31 2022US$7mUS$938k

US$865m

Sep 30 2022n/an/a

US$848m

Jun 30 2022n/an/a

US$756m

Mar 31 2022n/an/a

US$660m

Dec 31 2021US$6mUS$877k

US$635m

Sep 30 2021n/an/a

US$612m

Jun 30 2021n/an/a

US$585m

Mar 31 2021n/an/a

US$446m

Dec 31 2020US$6mUS$824k

US$446m

Sep 30 2020n/an/a

US$472m

Jun 30 2020n/an/a

US$518m

Mar 31 2020n/an/a

US$672m

Dec 31 2019US$5mUS$646k

US$674m

Sep 30 2019n/an/a

US$654m

Jun 30 2019n/an/a

US$659m

Mar 31 2019n/an/a

US$678m

Dec 31 2018US$3mUS$542k

US$670m

Sep 30 2018n/an/a

US$540m

Jun 30 2018n/an/a

US$478m

Mar 31 2018n/an/a

US$410m

Dec 31 2017US$3mUS$526k

US$356m

Compensation vs Market: Tim's total compensation ($USD6.89M) is about average for companies of similar size in the US market ($USD7.74M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.


CEO

Tim Mattke (47 yo)

4.7yrs

Tenure

US$6,886,074

Compensation

Mr. Timothy James Mattke, also known as Tim, is Chief Executive Officer of MGIC since 2019. He has been Chief Executive Officer and Director of MGIC Investment Corp since July 25, 2019. He joined the MGIC...


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Mattke
CEO & Director4.7yrsUS$6.89m0.33%
$ 19.3m
Salvatore Miosi
President & COO4.7yrsUS$4.11m0.20%
$ 12.0m
Nathaniel Colson
Executive VP & CFO4.7yrsUS$2.30m0.053%
$ 3.1m
Paula Maggio
Executive VP6.2yrsUS$2.49m0.073%
$ 4.3m
Julie Sperber
VP, Controller & Chief Accounting Officer10yrsno data0.028%
$ 1.7m
Dianna Higgins
Senior Vice President of Investor Relationsno datano datano data
Danny Garcia-Velez
Senior Vice President of Sales & Business Developmentless than a yearno datano data
Annette Adams
Senior VP & Chief Human Resources Officer of MGIC3.4yrsno datano data
Robert Candelmo
Senior VP & Chief Information Officer of MGIC5.2yrsno data0.058%
$ 3.4m
Shreyans Jain
Senior Vice President of Mortgage Risk Analytics1.6yrsno datano data
Michael Jacobson
Senior Vice President of Business Intelligence & Product Strategyless than a yearno datano data
Nathan Abramowski
VP & Treasurer3.3yrsno datano data

4.7yrs

Average Tenure

51.5yo

Average Age

Experienced Management: MTG's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Mattke
CEO & Director4.7yrsUS$6.89m0.33%
$ 19.3m
Timothy Holt
Independent Director12.2yrsUS$270.00k0.014%
$ 821.0k
Michael Lehman
Lead Independent Director23.2yrsUS$307.50k0.022%
$ 1.3m
Curt Culver
Non-Independent Non-Executive Chairman25.2yrsUS$375.00k0.40%
$ 23.3m
Charles Chaplin
Independent Director10.2yrsUS$260.00k0.0068%
$ 399.3k
Daniel Arrigoni
Independent Director10.7yrsUS$270.00k0.018%
$ 1.0m
Mark Zandi
Independent Director13.7yrsUS$265.00k0.0064%
$ 379.3k
Jodeen Kozlak
Independent Director5.4yrsUS$270.00k0.0084%
$ 494.7k
Sheryl Sculley
Independent Director4.4yrsUS$270.00k0.0066%
$ 386.4k
Jay Hartzell
Independent Director4.4yrsUS$270.00k0.0018%
$ 104.8k
Teresita Lowman
Independent Director1.9yrsUS$193.80k0.0017%
$ 100.7k
Analisa Allen
Independent Director3.4yrsUS$262.50k0.0066%
$ 386.4k

7.8yrs

Average Tenure

65yo

Average Age

Experienced Board: MTG's board of directors are considered experienced (7.8 years average tenure).


Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.