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MTGMGIC Investment Corporation
$29.30$6.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MTG logo

MGIC Investment Corporation

MTG
NYSE · Specialty Insurance
$29.30
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$6.01B
P/E9.3x
52W High$31.89
Volume1.87M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cyclical Peak Margins Mask Housing Downturn Risk

MGIC Investment Corporation (MTG) is exhibiting exceptional underwriting profitability, with a combined ratio of 19.1% in 2026Q2 and a loss ratio of just 4.2%, reflecting a benign credit environment and conservative reserve releases. The company maintains a fo...

GrowthStable
ProfitabilityStrong
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

MTG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 65 · Avg

Average momentum (RS Rating: 65)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MTG+2.13%
S&P 500 (^GSPC)+12.39%
1-Year Return
MTG+5.84%
S&P 500 (^GSPC)+15.77%
3-Year Return
MTG+82.40%
S&P 500 (^GSPC)+77.17%
5-Year Return
MTG+109.59%
S&P 500 (^GSPC)+71.28%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
9.3x
Forward P/EExpansion
9.1x
EV/EBITDA40th %ile
6.7x
FCF YieldCash Flow
14.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
9.3x
7.8x
100th· High
EV/EBITDA
6.7x
6.8x
40th· Fair
Price/FCF
7.1x
7.7x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$32.79+11.9%
Base (Fair)$60.58+104.0%
Bull$96.61+229.7%
$32.79 Bear$60.58 Base$96.61 Bull
Current Market Price: $29.30
Trades at a 51.6% discount to Base DCF ($60.58)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.21B+0.5% YoY
Net income
$738M-3.2% YoY
Free cash flow
$852M+17.7% YoY
Operating margin
76.5%-3.7 pts YoY
ROIC (TTM)12.6%
Avg ROIC 5Y-
ROE (TTM)14.3%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.87+14.0%
vs $0.76
$295M-0.7%
vs $298M
Q2 2026
Apr 29, 2026
$0.76+4.1%
vs $0.73
$297M-2.0%
vs $303M
Q1 2026
Feb 2, 2026
$0.75+2.7%
vs $0.73
$299M-3.1%
vs $308M
Q4 2025
Oct 29, 2025
$0.83+15.3%
vs $0.72
$305M-1.2%
vs $308M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·2d ago
5 Top Multi-Line Insurance Stocks to Buy as Interest Rates Stay Higher

Insurance stocks can be well positioned in a higher interest rate environment, particularly because insurers collect premiums upfront and invest that money until claims are paid.

Defense World·2d ago
Block (NYSE:XYZ) vs. MGIC Investment (NYSE:MTG) Head to Head Comparison

MGIC Investment (NYSE: MTG - Get Free Report) and Block (NYSE: XYZ - Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, earnings, dividends, analyst recommendations, institutional ownership, valuation and profitability. Valuation and Earnings This table compares MGIC Investment and

Zacks Investment Research·6d ago
Best Momentum Stocks to Buy for September 17th

MSGM, ASMB and MTG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 17th, 2026.

Zacks Investment Research·6d ago
New Strong Buy Stocks for September 17th

MOV, MAX, MTG, ASMB and MSGM have been added to the Zacks Rank #1 (Strong Buy) List on September 17th, 2026.

Filtered for MGIC Investment CorporationMore Headlines
04

Compare before deciding

Benchmark MTG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for MGIC Investment Corporation (MTG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MTG logoMTGMGIC Investment CorporationCurrent
$29.30$6.01B9.330.49%60.84%14.31%2%
RDN logoRDNRadian Group Inc.
$34.54$4.59B8.34-3.36%32.45%11.26%—
ESNT logoESNTEssent Group Ltd.
$65.45$6.03B9.49-0.49%51.43%11.91%—
NMIH logoNMIHNMI Holdings, Inc.
$42.19$3.21B8.588.39%54.12%0.03%—
ACT logoACTEnact Holdings Inc.
$47.75$6.67B10.562.37%54.56%12.76%—
PFSI logoPFSIPennyMac Financial Services, Inc.
$65.61$3.41B7.05339.48%13.68%9.14%—

Compare MTG vs Peers

MGIC Investment Corporation (MTG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RDN

Most directly comparable listed peer for MTG.

Scale Benchmark

vs HIG

Larger-name benchmark to compare MTG against a more recognizable public peer.

Peer Set

Compare Top 5

vs RDN, ESNT, NMIH, ACT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MTG SEC Filings & Documents

MGIC Investment Corporation (MTG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Apr 29, 2026·SEC

Material company update

Apr 23, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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MTG Frequently Asked Questions

MGIC Investment Corporation (MTG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is MGIC Investment Corporation growing?

MGIC Investment Corporation (MTG) grew revenue by 0.5% over the past year. Growth has been modest.

Is MTG profitable?

Yes, MGIC Investment Corporation (MTG) is profitable, generating $707.9M in net income for fiscal year 2025 (60.8% net margin).

Dividend & Returns
Does MTG pay dividends?

Yes, MGIC Investment Corporation (MTG) pays a dividend with a yield of 2.00%. This makes it attractive for income-focused investors.

What is MTG's return on equity?

MGIC Investment Corporation (MTG) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.

Industry Metrics
What is MGIC Investment Corporation's combined ratio?

MGIC Investment Corporation (MTG) has a combined ratio of 23.5%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in MTG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →