MGIC Investment (MTG)

• Market cap: $5.99B
• 1 day: 1.46%
• 5 days: -4.09%
• 1 month: -4.33%
• 3 months: -6.78%
• 6 months: 11.03%
• Year to date: 22.40%
• 1 year: 23.17%
• 5 years: 64.76%
• 10 years: 161.73%
• Sector: Financials
• Industry: Surety Insurance

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 Q3 regulatory filings by fund managers ($100M+ AUM)

358% more call options, than puts

Call options by funds: $6.8M | Put options by funds: $1.48M

42% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 38

13% more capital invested

Capital invested by funds: $5.4B [Q2] → $6.08B (+$682M) [Q3]

4% more funds holding

Funds holding: 388 [Q2] → 404 (+16) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]

2.3% less ownership

Funds ownership: 93.9% [Q2] → 91.6% (-2.3%) [Q3]

24% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 167

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $24 1% upside
• Avg. target: $26 11% upside
• High target: $29 23% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

Keefe, Bruyette & Woods Bose George 63% 1-year accuracy 22 / 35 met price target	23% upside $29	Market Perform Downgraded	10 Dec 2024
B of A Securities Mihir Bhatia 82% 1-year accuracy 9 / 11 met price target	6% upside $25	Underperform Downgraded	9 Dec 2024
RBC Capital Scott Heleniak 76% 1-year accuracy 41 / 54 met price target	14% upside $27	Sector Perform Maintained	6 Nov 2024
Barclays Terry Ma 44% 1-year accuracy 7 / 16 met price target	1% upside $24	Equal-Weight Maintained	8 Oct 2024