MGIC Investment (MTG)

• Market cap: $5.96B
• 1 day: -1.84%
• 5 days: -2.16%
• 1 month: -2.40%
• 3 months: -4.00%
• 6 months: -0.99%
• Year to date: 1.27%
• 1 year: 24.52%
• 5 years: 79.42%
• 10 years: 162.25%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

56% more call options, than puts

Call options by funds: $1.44M | Put options by funds: $925K

9% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 44

2% less funds holding

Funds holding: 405 [Q3] → 398 (-7) [Q4]

2.82% less ownership

Funds ownership: 97.91% [Q3] → 95.09% (-2.82%) [Q4]

12% less capital invested

Capital invested by funds: $6.5B [Q3] → $5.71B (-$783M) [Q4]

13% less repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 151

43% less funds holding in top 10

Funds holding in top 10: 7 [Q3] → 4 (-3) [Q4]

Research analyst outlook

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

• Low target: $25 4% upside
• Avg. target: $26 10% upside
• High target: $28 17% upside

5 analyst ratings

• positive: 0 0%
• neutral: 4 80%
• negative: 1 20%

UBS Douglas Harter 62% 1-year accuracy 18 / 29 met price target	8% upside $26	Neutral Maintained	19 Feb 2025
Barclays Terry Ma 55% 1-year accuracy 11 / 20 met price target	8% upside $26	Equal-Weight Maintained	5 Feb 2025
Compass Point Giuliano Bologna 64% 1-year accuracy 9 / 14 met price target	13% upside $27	Neutral Downgraded	5 Feb 2025
Keefe, Bruyette & Woods Bose George 72% 1-year accuracy 31 / 43 met price target	17% upside $28	Market Perform Maintained	8 Jan 2025
B of A Securities Mihir Bhatia 69% 1-year accuracy 9 / 13 met price target	4% upside $25	Underperform Downgraded	9 Dec 2024