MGIC Investment Corp (MTG)

pos +0.11
Today's Range: 10.85 - 11.01 | MTG Avg Daily Volume: 3,989,700
Last Update: 04/24/17 - 4:02 PM EDT
Volume: 4,126,628
YTD Performance: 5.50%
Open: $10.90
Previous Close: $10.75
52 Week Range: $5.36 - $11.35
Oustanding Shares: 340,990,121
Market Cap: 3,761,121,035
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 5
Moderate Buy 1 1 1 1
Hold 1 1 1 1
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.50 1.50 1.50 1.43
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 10.31
Price Earnings Comparisons:
MTG Sector Avg. S&P 500
10.31 12.80 30.40
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
2.48% 46.46% 29.05%
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:
Revenue 1.06B
Average Earnings Estimates
Qtr (06/17) Qtr (09/17) FY (12/17) FY (12/18)
Average Estimate $0.26 $0.26 $1.05 $1.12
Number of Analysts 4 3 4 4
High Estimate $0.27 $0.27 $1.10 $1.21
Low Estimate $0.25 $0.25 $1.00 $1.08
Prior Year $0.26 $0.25 $0.99 $1.05
Growth Rate (Year over Year) -0.96% 5.33% 6.06% 6.90%
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Guy Ortmann

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

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

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.

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.

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

Tim Melvin

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

Guy Ortmann

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

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.

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.

Roger Arnold

 | Aug 11, 2015 | 4:00 PM EDT

Fear of more intervention may be causing REITs and other housing-related stocks to sag.

Wendy's is extending last week's rally with another 2% of upside.  The stock is worki...
We have a nice win here, but want to stay on the name. SOLD HLF MAY 57.5 CALL AT 5 (in ...


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