Mgic Investment Corp Stock Today
| MTG Stock | USD 26.26 0.15 0.57% |
Performance4 of 100
| Odds Of DistressLess than 3
|
MGIC Investment is trading at 26.26 as of the 30th of November 2024. This is a 0.57% increase since the beginning of the trading day. The stock's lowest day price was 26.12. MGIC Investment has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for MGIC Investment Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 6th of August 1991 | Classification Financials |
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company has 253.36 M outstanding shares of which 8.75 M shares are now shorted by investors with about 5.13 days to cover. More on MGIC Investment Corp
Moving together with MGIC Stock
MGIC Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Timothy Mattke | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [MT Gas JSC, MGIC Investment Corporation] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Commercial & Residential Mortgage Finance, Insurance - Specialty, Financial Services, NYSE Composite, Swiss Performance Extra, SP Midcap 400, Swiss Performance Index, Insurance Providers, Diversified Assets, Financials, Financial Services, Insurance—Specialty, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt LevelsMGIC Investment can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MGIC Investment's financial leverage. It provides some insight into what part of MGIC Investment's total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MGIC Investment Corp (MTG) is traded on New York Stock Exchange in USA. It is located in MGIC Plaza, Milwaukee, WI, United States, 53202 and employs 627 people. MGIC Investment is listed under Commercial & Residential Mortgage Finance category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.65 B. MGIC Investment Corp runs under Financial Services sector within Financials industry. The entity has 253.36 M outstanding shares of which 8.75 M shares are now shorted by investors with about 5.13 days to cover.
MGIC Investment Corp has about 327.38 M in cash with 712.96 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.35.
Check MGIC Investment Probability Of Bankruptcy
Ownership AllocationMGIC Investment Corp maintains a total of 253.36 Million outstanding shares. The majority of MGIC Investment outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in MGIC Investment Corp to benefit from reduced commissions. Thus, institutional holders are subject to a different set of regulations than regular investors in MGIC Investment Corp. Please pay attention to any change in the institutional holdings of MGIC Investment as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check MGIC Ownership Details
MGIC Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-09-30 | 4.6 M | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 4.3 M | |
| Northern Trust Corp | 2024-09-30 | 4.2 M | |
| Norges Bank | 2024-06-30 | 3.6 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 3.5 M | |
| Arrowstreet Capital Limited Partnership | 2024-06-30 | 3.3 M | |
| American Century Companies Inc | 2024-09-30 | 3.1 M | |
| Aqr Capital Management Llc | 2024-06-30 | 3 M | |
| Bank Of New York Mellon Corp | 2024-06-30 | 3 M | |
| Vanguard Group Inc | 2024-09-30 | 35 M | |
| Blackrock Inc | 2024-06-30 | 24.5 M |
MGIC Investment Historical Income Statement
MGIC Stock Against Markets
MGIC Investment Corporate Directors
| Sheryl Sculley | Independent Director | Profile | |
| Chuck Chaplin | Independent Director | Profile | |
| Timothy Holt | Independent Director | Profile | |
| Mark Zandi | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGIC Investment. If investors know MGIC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGIC Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.201 | Dividend Share 0.475 | Earnings Share 2.83 | Revenue Per Share 4.449 | Quarterly Revenue Growth 0.034 |
The market value of MGIC Investment Corp is measured differently than its book value, which is the value of MGIC that is recorded on the company's balance sheet. Investors also form their own opinion of MGIC Investment's value that differs from its market value or its book value, called intrinsic value, which is MGIC Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGIC Investment's market value can be influenced by many factors that don't directly affect MGIC Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGIC Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGIC Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGIC Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.