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About

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 pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance services. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Insurance - Specialty Market Cap 5.66B
Enterprise Value 6.01B Income 738.35M Sales 1.21B
Book/sh 23.46 Cash/sh 1.68 Dividend Yield 230.00%
Payout 17.83% Employees — IPO —
P/E 8.32 Forward P/E 7.87 PEG —
P/S 4.66 P/B 1.11 P/C —
EV/EBITDA 6.18 EV/Sales 4.95 Quick Ratio 3.97
Current Ratio 4.74 Debt/Eq 12.55 LT Debt/Eq —
EPS (ttm) 3.14 EPS next Y 3.32 EPS Growth 4.20%
Revenue Growth -0.90% Earnings 2026-04-29 ROA 9.14%
ROE 14.31% ROIC — Gross Margin 79.44%
Oper. Margin 74.20% Profit Margin 60.84% Shs Outstand 216.67M
Shs Float 204.93M Short Float 5.37% Short Ratio 3.58
Short Interest — 52W High 29.97 52W Low 21.94
Beta 0.82 Avg Volume 2.14M Volume 1.41M
Target Price $28.42 Recom None Prev Close $25.79
Price $26.13 Change 1.32%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$28.42
Mean price target
2. Current target
$26.13
Latest analyst target
3. DCF / Fair value
$47.10
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$26.13
Low
$27.00
High
$30.00
Mean
$28.42

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-04 main Barclays Equal-Weight → Equal-Weight $28
2026-01-06 main Barclays Equal-Weight → Equal-Weight $30
2025-12-18 main Keefe, Bruyette & Woods Market Perform → Market Perform $28
2025-10-06 main Barclays Equal-Weight → Equal-Weight $28
2025-07-08 main Barclays Equal-Weight → Equal-Weight $27
2025-07-07 main Keefe, Bruyette & Woods Market Perform → Market Perform $27
2025-05-23 main Compass Point Neutral → Neutral $28
2025-04-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $26
2025-02-19 main UBS Neutral → Neutral $26
2025-02-05 main Barclays Equal-Weight → Equal-Weight $26
2025-02-05 down Compass Point Buy → Neutral $27
2025-01-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $28
2024-12-10 down Keefe, Bruyette & Woods Outperform → Market Perform $29
2024-12-09 down B of A Securities Buy → Underperform $25
2024-11-06 main RBC Capital Sector Perform → Sector Perform $27
2024-10-08 main Barclays Equal-Weight → Equal-Weight $24
2024-08-05 main BTIG Buy → Buy $25
2024-08-02 main Roth MKM Buy → Buy $30
2024-08-02 main Barclays Equal-Weight → Equal-Weight $23
2024-07-09 main Barclays Equal-Weight → Equal-Weight $21
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 — — — Stock Award(Grant) at price 0.00 per share. SCULLEY SHERYL L. Director — 2026-02-13 00:00:00 D
1 — — — Stock Award(Grant) at price 0.00 per share. O'LEARY-GILL DANIELA Director — 2026-02-13 00:00:00 D
2 — — — Stock Award(Grant) at price 0.00 per share. THOMPSON MICHAEL LEAL Director — 2026-02-13 00:00:00 D
3 — — — Stock Award(Grant) at price 0.00 per share. ZANDI MARK M Director — 2026-02-13 00:00:00 D
4 — — — Stock Award(Grant) at price 0.00 per share. CULVER CURT S Director — 2026-02-13 00:00:00 D
5 20000 550160 — Sale at price 27.51 per share. MAGGIO PAULA C General Counsel — 2026-02-06 00:00:00 D
6 2821 — — Stock Award(Grant) at price 0.00 per share. SPERBER JULIE K Officer — 2026-02-04 00:00:00 D
7 2820 — — Stock Award(Grant) at price 0.00 per share. SPERBER JULIE K Officer — 2026-02-04 00:00:00 D
8 33096 — — Stock Award(Grant) at price 0.00 per share. MIOSI SALVATORE A President — 2026-02-04 00:00:00 D
9 33083 — — Stock Award(Grant) at price 0.00 per share. MIOSI SALVATORE A President — 2026-02-04 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.00-8.29M-7.68M
TaxRateForCalcs0.210.210.210.21
TotalUnusualItems0.000.00-40.20M-36.91M
TotalUnusualItemsExcludingGoodwill0.000.00-40.20M-36.91M
NetIncomeFromContinuingOperationNetMinorityInterest762.99M712.95M865.35M634.98M
ReconciledDepreciation18.44M35.23M54.25M66.01M
EBIT1.00B939.13M1.14B873.14M
NetInterestIncome-35.60M-36.91M-48.05M-71.36M
InterestExpense35.60M36.91M48.05M71.36M
NormalizedIncome762.99M712.95M897.26M664.22M
NetIncomeFromContinuingAndDiscontinuedOperation762.99M712.95M865.35M634.98M
TotalExpenses239.02M252.87M82.75M383.90M
DilutedAverageShares264.00M287.15M311.23M351.31M
BasicAverageShares261.68M283.61M305.85M334.33M
DilutedEPS2.892.492.791.85
BasicEPS2.922.512.831.85
DilutedNIAvailtoComStockholders762.99M713.98M868.58M649.33M
AverageDilutionEarnings0.001.03M3.23M14.34M
NetIncomeCommonStockholders762.99M712.95M865.35M634.98M
NetIncome762.99M712.95M865.35M634.98M
NetIncomeIncludingNoncontrollingInterests762.99M712.95M865.35M634.98M
NetIncomeContinuousOperations762.99M712.95M865.35M634.98M
TaxProvision205.72M189.28M224.69M166.79M
PretaxIncome968.71M902.23M1.09B801.78M
OtherIncomeExpense2.13M1.95M5.64M8.96M
SpecialIncomeCharges0.000.00-40.20M-36.91M
OtherSpecialCharges40.20M36.91M
NetNonOperatingInterestIncomeExpense-35.60M-36.91M-48.05M-71.36M
InterestExpenseNonOperating35.60M36.91M48.05M71.36M
TotalRevenue1.21B1.16B1.17B1.19B
OperatingRevenue1.21B1.16B1.17B1.19B
LossAdjustmentExpense-14.86M-20.86M-254.56M64.58M
NetPolicyholderBenefitsAndClaims-14.86M-20.86M-254.56M64.58M
PolicyholderBenefitsGross5.75M-5.23M-274.40M74.44M
PolicyholderBenefitsCeded20.61M15.62M-19.84M9.86M
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber0.0098.86M77.92M51.02M
OrdinarySharesNumber248.45M272.49M293.43M320.34M
ShareIssued248.45M371.35M371.35M371.35M
NetDebt415.18M279.53M335.43M862.02M
TotalDebt644.67M643.20M662.81M1.15B
TangibleBookValue5.17B5.07B4.64B4.86B
InvestedCapital5.82B5.72B5.31B6.01B
NetTangibleAssets5.17B5.07B4.64B4.86B
CommonStockEquity5.17B5.07B4.64B4.86B
TotalCapitalization5.82B5.72B5.31B6.01B
TotalEquityGrossMinorityInterest5.17B5.07B4.64B4.86B
StockholdersEquity5.17B5.07B4.64B4.86B
GainsLossesNotAffectingRetainedEarnings-288.16M-316.28M-481.51M119.70M
OtherEquityAdjustments-288.16M-316.28M-481.51M119.70M
TreasuryStock0.001.38B1.05B675.26M
RetainedEarnings3.40B4.59B4.00B3.25B
AdditionalPaidInCapital1.81B1.81B1.80B1.79B
CapitalStock248.45M371.35M371.35M371.35M
CommonStock248.45M371.35M371.35M371.35M
TotalLiabilitiesNetMinorityInterest1.37B1.47B1.57B2.46B
LongTermDebtAndCapitalLeaseObligation644.67M643.20M662.81M1.15B
LongTermDebt644.67M643.20M662.81M1.15B
TotalAssets6.55B6.54B6.21B7.33B
InvestmentsAndAdvances5.87B5.74B5.42B6.60B
NetPPE35.68M38.76M41.42M45.61M
Receivables109.01M101.70M104.32M159.72M
AccountsReceivable109.01M101.70M104.32M159.72M
CashCashEquivalentsAndShortTermInvestments6.08B6.09B5.74B6.87B
OtherShortTermInvestments5.85B5.72B5.41B6.59B
CashAndCashEquivalents229.49M363.67M327.38M284.69M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow723.86M710.96M646.76M692.20M
RepurchaseOfCapitalStock-569.48M-337.18M-385.57M-290.82M
RepaymentOfDebt0.00-28.64M-486.41M-98.61M
IssuanceOfDebt0.000.00
CapitalExpenditure-1.17M-2.00M-3.25M-4.12M
EndCashPosition234.63M370.64M332.91M304.96M
BeginningCashPosition370.64M332.91M304.96M296.68M
ChangesInCash-136.02M37.73M27.95M8.28M
FinancingCashFlow-719.04M-496.04M-1.03B-527.29M
CashFlowFromContinuingFinancingActivities-719.04M-496.04M-1.03B-527.29M
NetOtherFinancingCharges-19.07M-7.26M-49.61M-43.64M
CashDividendsPaid-130.50M-122.97M-110.95M-94.22M
CommonStockDividendPaid-130.50M-122.97M-110.95M-94.22M
NetCommonStockIssuance-569.48M-337.18M-385.57M-290.82M
CommonStockPayments-569.48M-337.18M-385.57M-290.82M
NetIssuancePaymentsOfDebt0.00-28.64M-486.41M-98.61M
NetLongTermDebtIssuance-28.64M-486.41M-98.61M
LongTermDebtPayments0.00-28.64M-486.41M-98.61M
LongTermDebtIssuance0.000.00
InvestingCashFlow-142.00M-179.19M410.49M-160.75M
CashFlowFromContinuingInvestingActivities-142.00M-179.19M410.49M-160.75M
NetInvestmentPurchaseAndSale-140.83M-179.53M413.74M-156.63M
SaleOfInvestment1.41B1.29B1.09B1.37B
PurchaseOfInvestment-1.56B-1.47B-674.41M-1.53B
NetPPEPurchaseAndSale-1.17M337.00K-3.25M-4.12M
SaleOfPPE0.002.34M0.00
PurchaseOfPPE-1.17M-2.00M-3.25M-4.12M
OperatingCashFlow725.03M712.96M650.01M696.32M
CashFlowFromContinuingOperatingActivities725.03M712.96M650.01M696.32M
ChangeInWorkingCapital-100.00M-82.03M-337.65M-58.03M
ChangeInOtherWorkingCapital-4.55M8.99M-8.65M6.42M
ChangeInPayablesAndAccruedExpense-8.60M-4.40M-11.80M7.20M
ChangeInAccruedExpense-8.60M-4.40M-11.80M7.20M
ChangeInReceivables-7.32M2.62M55.40M-27.21M
ChangesInAccountReceivables-7.32M2.62M55.40M-7.96M
OtherNonCashItems40.20M36.91M
StockBasedCompensation31.32M31.61M24.77M17.11M
UnrealizedGainLossOnInvestmentSecurities130.00K-530.00K2.01M463.00K
DeferredTax2.43M1.06M-4.37M5.19M
DeferredIncomeTax2.43M1.06M-4.37M5.19M
DepreciationAndAmortization18.44M35.23M54.25M66.01M
OperatingGainsLosses6.92M14.55M9.72M-7.04M
GainLossOnInvestmentSecurities6.92M14.55M9.72M-7.04M
NetIncomeFromContinuingOperations762.99M712.95M865.35M634.98M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MTG
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