MGIC InvestmentMTG
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
64% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 33
13% more capital invested
Capital invested by funds: $5.75B [Q2] → $6.5B (+$749M) [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]
2.12% less ownership
Funds ownership: 100.03% [Q2] → 97.91% (-2.12%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 167
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keefe, Bruyette & Woods Bose George 66% 1-year accuracy 25 / 38 met price target | 14%upside $28 | Market Perform Maintained | 8 Jan 2025 |
B of A Securities Mihir Bhatia 91% 1-year accuracy 10 / 11 met price target | 2%upside $25 | Underperform Downgraded | 9 Dec 2024 |
RBC Capital Scott Heleniak 79% 1-year accuracy 42 / 53 met price target | 10%upside $27 | Sector Perform Maintained | 6 Nov 2024 |
Financial journalist opinion
