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MGIC Investment Corp

MGIC Investment Corp

MTG
$30.74USD↓-0.32%-0.10 today

MARKET CAP

6.3B

P/E (TTM)

9.8x

FWD P/E

—

DAY RANGE

$31 – $31

52W RANGE

$25
$32

AI Summary

Stalk
StalkMedium

MTG is in a well-defined uptrend structurally and consolidating just below its all-time high, with rising short-term EMAs providing support. Medium-term bias remains bullish underpinned by accumulation at key moving averages, but short-term price is oscillating in a tight range without a clear edge. Execution is deferred, targeting a pullback into the 9-/20-/50-day EMA support cluster or a breakout above the 52-week high on expanding volume. A sustained break below the 20-day EMA would invalidate the bullish outlook.

  • ↑Q2 ’26 net income $182M, ROE 14.5%, BVPS $24.27.
  • ↑New insurance written rose 8.5% YoY to $18B.
  • ↓Delinquency rate climbed to 2.37%, pressuring claims.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

MGIC Investment Corporation (NYSE:MTG) is a leading provider of private mortgage insurance in the United States, facilitating homeownership opportunities through its specialized risk management solutions. Located within the housing finance sector, MGIC is capitalizing on demographic trends favoring homeownership, primarily targeting low-to-moderate income borrowers. The company has established a strong market presence supported by disciplined underwriting practices and strategic capital allocation, positioning MGIC positively amidst dynamic economic conditions.

Bull says

  • ↑Q2 ’26 net income $182M, ROE 14.5%, BVPS $24.27.
  • ↑New insurance written rose 8.5% YoY to $18B.
  • ↑$746M repurchased shares, dividend up to $0.17.
  • ↑Low delinquency rates reflect disciplined underwriting practices.
  • ↑High earnings yield, solid book-to-price ratio, low volatility.
  • ↑$6B capital base underpins resilient risk management.

Bear says

  • ↓Delinquency rate climbed to 2.37%, pressuring claims.
  • ↓Potential FHA premium cuts threaten pricing power.
  • ↓Insurance in force growth stagnant; payout ratio ~124%.
  • ↓Negative growth and earnings revision trends signal risks.
  • ↓High short interest indicates bearish investor sentiment.
  • ↓Rising rates and regulatory shifts could hurt underwriting.

Investment themes with MTG

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM
Buybacks↓ -0.29%

Companies repurchasing their own shares

C · JCI · WFC

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 08-04-2026neutral

Transcript signals

Bull points

  • We earned net income of $0.75 per diluted share compared to $0.64 per diluted share last year.
  • Adjusted net operating income was $0.75 per diluted share compared to $0.65 last year.
  • The favorable development this quarter primarily came from delinquency notices received in 2023 and 2024.

Bear points

  • we expect that the level of new delinquency notices may increase modestly due to the aging of the larger 2021 and 2022 book years being in what are historically higher loss emergence years.
  • The unrealized loss position in our portfolio decreased by $66 million in the quarter, primarily driven by a decrease in interest rates.
  • Market conditions have constrained growth on our insurance and force over the last few years, which we expect will persist this year.
Read full transcript analysis ›