MGIC Investment Corp (MTG)

MTG (NYSE:Insurance) EQUITY
$11.79
pos +0.01
+0.08%
Today's Range: 11.76 - 12.01 | MTG Avg Daily Volume: 3,420,800
Last Update: 07/25/17 - 10:50 AM EDT
Volume: 474,114
YTD Performance: 15.60%
Open: $12.00
Previous Close: $11.78
52 Week Range: $7.02 - $12.25
Oustanding Shares: 370,556,561
Market Cap: 4,413,328,642
6-Month Chart
TheStreet Ratings Grade for MTG
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 4 4 4 4
Moderate Buy 1 1 1 1
Hold 0 1 1 1
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.20 1.50 1.50 1.50
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 12.81
Price Earnings Comparisons:
MTG Sector Avg. S&P 500
12.81 12.30 30.80
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
8.47% 70.23% 47.80%
GROWTH 12 Mo 3 Yr CAGR
Revenue 2.10 0.00 0.01
Net Income -70.80 -7.90 0.00
EPS -66.90 -7.20 0.00
Earnings for MTG:
EBITDA 0.57B
Revenue 1.06B
Average Earnings Estimates
Qtr (09/17) Qtr (12/17) FY (12/17) FY (12/18)
Average Estimate $0.27 $0.27 $1.10 $1.12
Number of Analysts 2 1 3 3
High Estimate $0.27 $0.27 $1.15 $1.16
Low Estimate $0.26 $0.27 $1.05 $1.10
Prior Year $0.25 $0.28 $0.99 $1.10
Growth Rate (Year over Year) 6.00% -3.57% 10.77% 2.43%
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RMPIA
By

Doug Kass

 | May 16, 2017 | 10:31 AM EDT
Pfizer (AGN) acquires Allergan (AGN) . Zurich Insurance announces the takeover of Hartford Financial (HIG) . Berkshire Hathaway (BRK.B) acquires Campbell Soup (CPB) . MGIC (MTG) and Radian Group (RDN) combine in a merger of equals. Macy's (M) is acquired by Blackstone. Fastenal's (FAST) early summer comps fall, year over year. Sears (SHLD) declares bankruptcy -- mall REIT shares are pummeled. Theranos declares bankruptcy. Elizabeth Holmes admits to a "cover up." Tesla (TSLA) dramatically lowers production goals in the face of competition; shares soar. Ford (F) and General Motors (GM) announce production cuts. Crude oil rises to $55 a barrel. The S&P 500 Index falls two weeks in a row (!). The Nasdaq falls two days in a row (!!).
By

Guy Ortmann

 | Mar 27, 2017 | 12:30 PM EDT
Bearish names dominate this week and financials in particular.
RMPIA
By

Doug Kass

 | Jan 19, 2017 | 4:13 PM EST
The U.S. dollar weakened. The price of crude oil rose by about two bits to $51.40. Gold fell by $8 to $1,203. I am buyer, to replace the half position I sold soon. Ag commodities: wheat down $0.08, corn up $0.02, soybean down $0.05 and oats up $0.01. Lumber was flat. For the second day in a row bonds got schmeissed iShares Barclays 20+ Yr Treas.Bond ETF (TLT) down over a beaner, again. (Good sale in fixed income last week!) The 10-year bond yield rose by 7 basis points to 2.46%. The long bond yield rose by 5 basis points. The 2s/10s expanded by 4 basis points to about 124 basis points. Municipals got hit and so did closed-end muni-bond funds. High yield was junky - but Blackstone / GSO Strategic Credit Fund (BGB) rose by a penny. Banks continue to be sold for a second day in a row -- despite much higher bond yields and lower bond prices. Crickets from financial bulls -- who seem to rationalize the large move this week and lack of correlation to bonds as a random act. Our "Trade of the Week" (short C) is now down by 5.5% or $3 since the trade was discussed in my Diary. Retail remains for sale. But my view is that a sentiment extreme is developing. Insurance stocks got whacked, including fav Hartford Financial (HIG) . Brokerages got hit, too. Goldman Sachs (GS) , put on Best Ideas List last week at $242, is down to $231. Biotech was lower, but not materially so (Celgene (CELG)Allergan (AGN) lower). Hwwever, spec biotech roiled to the downside (Intrexon (XON) , Ziopharm Oncology (ZIOP) , Acadia Pharmaceuticals (ACAD) , Aerie Pharmaceuticals (AERI) ). Autos mixed. Ford (F) up, General Motors (GM) down. Good for our
By

Doug Kass

 | Jan 19, 2017 | 9:26 AM EST
Reduced FHA Involvement in Mortgage Insurance: News that HUD Secretary-Designate Ben Carson has recommended and President-Elect Trump may issue an executive order by next week suspending the Obama administration's 25-basis-point cut in insurance premiums suggests that the private mortgage industry has a larger runway than expected by many. A Large Beat at MGIC: This morning MGIC (MTG) reported a large earnings beat relative to expectations (adjusted earnings per share of $0.28 vs. $0.22 consensus). New insurance written rose by more than 30%. Credit metrics improved.
By

Doug Kass

 | Jan 19, 2017 | 8:06 AM EST
A large earnings beat by private mortgage insurer MGIC (MTG) relative to expectations likely will move Radian Group (RDN) well above its recent high.
By

Doug Kass

 | Oct 18, 2016 | 10:10 AM EDT
Private mortgage insurer MGIC Investment (MTG) recorded a large quarterly five-cent beat ($0.25 vs. $0.20 consensus estimate); its shares are up 3% this morning. This is helping the shares of Radian Group (RDN) , which is reporting on Oct. 28, move to new recent highs
By

Tim Melvin

 | Aug 19, 2016 | 3:00 PM EDT
13F filing also reveals acquisitions in small banks and real estate.
RMPIA
By

Guy Ortmann

 | Jul 25, 2016 | 2:03 PM EDT
Chipotle, Wendy's on the bull side and gold stocks on the bear side.
By

Doug Kass

 | Jul 19, 2016 | 8:52 AM EDT
Mortgage insurer Radian (RDN) should trade higher today after rival MGIC Investment Corp. (MTG) reported a big earnings beat this morning.
By

Doug Kass

 | Aug 26, 2015 | 10:59 AM EDT
The stocks I'll buy on any more weakness are Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC), Twitter (TWTR), Potash Corp. (POT), Yahoo! (YHOO), Google (GOOG), SunEdison (SUNE), Radian (RDN), MGIC (MTG), Alibaba (BABA) and every regional bank.
Ahead of Wednesday's earnings report(pre open)GD is on its way to its best close of the ye...

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