MGIC InvestmentMTG
Market Cap: $6.46B
About: MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
Employees: 627
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
40% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]
26% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 35
2% more funds holding
Funds holding: 375 [Q1] → 384 (+9) [Q2]
0.95% less ownership
Funds ownership: 94.04% [Q1] → 93.09% (-0.95%) [Q2]
6% less capital invested
Capital invested by funds: $5.66B [Q1] → $5.35B (-$313M) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 146
21% less call options, than puts
Call options by funds: $4.14M | Put options by funds: $5.27M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
BTIG Ryan Gilbert 67% 1-year accuracy 2 / 3 met price target | 0%upside $25 | Buy Maintained | 5 Aug 2024 |
Roth MKM Harry Fong 96% 1-year accuracy 22 / 23 met price target | 20%upside $30 | Buy Maintained | 2 Aug 2024 |
Barclays Terry Ma 46% 1-year accuracy 6 / 13 met price target | 8%downside $23 | Equal-Weight Maintained | 2 Aug 2024 |
Barclays Terry Ma 46% 1-year accuracy 6 / 13 met price target | 16%downside $21 | Equal-Weight Maintained | 9 Jul 2024 |
Financial journalist opinion
Based on 6 articles about MTG published over the past 30 days