MGIC Investment (MTG)
(Delayed Data from NYSE)
$24.82 USD
+0.64 (2.65%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $24.81 -0.01 (-0.04%) 7:58 PM ET
1-Strong Buy of 5 1
B Value F Growth B Momentum D VGM
Company Summary
Based in Milwaukee, WI, and formed in 1957, MGIC Investment Corp. is the parent company of Mortgage Guaranty Insurance Corporation, the largest private mortgage insurer in the United States. It established the private mortgage insurance (PMI) industry to provide a private market alternative to federal government insurance programs for families wanting to buy a home with less than a 20% down payment. With a focus on sustainable homeownership, MGIC Investment provides a critical component of the country's residential mortgage finance system by protecting mortgage investors from credit losses.
MGIC Investment Corporation primarily ...
Company Summary
Based in Milwaukee, WI, and formed in 1957, MGIC Investment Corp. is the parent company of Mortgage Guaranty Insurance Corporation, the largest private mortgage insurer in the United States. It established the private mortgage insurance (PMI) industry to provide a private market alternative to federal government insurance programs for families wanting to buy a home with less than a 20% down payment. With a focus on sustainable homeownership, MGIC Investment provides a critical component of the country's residential mortgage finance system by protecting mortgage investors from credit losses.
MGIC Investment Corporation primarily covers single-family, first-time mortgage loans by providing primary insurance to cushion lenders against non-payment of individual loans and expands home ownership opportunities by enabling people to purchase homes with smaller down payments.
Through its wholly-owned subsidiaries, the company provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services.
The company offers mortgage insurance via Primary Insurance: Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved. Primary insurance is generally written on first mortgage loans secured by owner occupied "single-family" homes, which are one-to-four family homes and condominiums.
Pool and Other Insurance: Pool insurance is generally used as an additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the amount of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage, if primary insurance is required on that mortgage loan, as well as the total loss on a defaulted mortgage loan, which did not require primary insurance.
General Information
MGIC Investment Corporation
250 EAST KILBOURN AVENUE
MILWAUKEE, WI 53202
Phone: 414-347-6480
Fax: 414-347-6696
Web: NA
Email: dianna_higgins@mgic.com
Industry | Insurance - Multi line |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/29/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.67 |
Current Year EPS Consensus Estimate | 2.76 |
Estimated Long-Term EPS Growth Rate | 6.80 |
Exp Earnings Date | 10/29/2024 |
Price and Volume Information
Zacks Rank | ![]() |
Yesterday's Close | 24.18 |
52 Week High | 25.93 |
52 Week Low | 16.30 |
Beta | 1.28 |
20 Day Moving Average | 1,624,615.75 |
Target Price Consensus | 25.79 |
4 Week | -0.24 |
12 Week | 18.19 |
YTD | 28.67 |
4 Week | -3.35 |
12 Week | 10.70 |
YTD | 8.92 |
Shares Outstanding (millions) | 259.23 |
Market Capitalization (millions) | 6,434.18 |
Short Ratio | NA |
Last Split Date | 6/3/1997 |
Dividend Yield | 2.10% |
Annual Dividend | $0.52 |
Payout Ratio | 0.17 |
Change in Payout Ratio | 0.01 |
Last Dividend Payout / Amount | 8/8/2024 / $0.13 |
Fundamental Ratios
P/E (F1) | 8.98 |
Trailing 12 Months | 9.09 |
PEG Ratio | 1.32 |
vs. Previous Year | 13.24% |
vs. Previous Quarter | 18.46% |
vs. Previous Year | 5.02% |
vs. Previous Quarter | 3.71% |
Price/Book | 1.26 |
Price/Cash Flow | 9.06 |
Price / Sales | 5.45 |
6/30/24 | 14.97 |
3/31/24 | 15.00 |
12/31/23 | 14.82 |
6/30/24 | 11.63 |
3/31/24 | 11.57 |
12/31/23 | 11.33 |
6/30/24 | 1.11 |
3/31/24 | 1.05 |
12/31/23 | 0.98 |
6/30/24 | 1.11 |
3/31/24 | 1.05 |
12/31/23 | 0.98 |
6/30/24 | 63.88 |
3/31/24 | 63.93 |
12/31/23 | 62.72 |
6/30/24 | 63.19 |
3/31/24 | 62.85 |
12/31/23 | 61.72 |
6/30/24 | 79.99 |
3/31/24 | 79.49 |
12/31/23 | 78.11 |
6/30/24 | 19.74 |
3/31/24 | 19.14 |
12/31/23 | 18.29 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.13 |
3/31/24 | 0.13 |
12/31/23 | 0.13 |
6/30/24 | 11.18 |
3/31/24 | 11.20 |
12/31/23 | 11.25 |