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MGIC Investment Corporation (MTG)

NYSE - Nasdaq Real Time Price. Currency in USD
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9.96+0.12 (+1.22%)
As of 9:39AM EDT. Market open.
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  • j
    josh
    10/7/20
    Keefe Bruyette Upgrade MGIC Investment Corporation (MTG) Mkt Perform » Outperform $13.00
  • J
    Janer
    I started following "lionstock-aletrs” (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • A
    Anonymous
    At 0.84x year-end 2020 Book Value, I suggest that longs email investor relations and suggest that the best thing that they could do-- is to be in the market buying their own stock today-- in a big way. A 16% earnings yield and a P/E just above 6. I have no idea what the market is thinking here.
  • R
    Rick
    Stock price on 1/2/2018 was $14.33. At 12/31/2018 price was $10.80 for over a 32% drop in stock price. The BOD awarded the CEO 350,000 shares of stock for that performance and gave the entire management team hundreds of thousands of shares. They gifted the previous CEO 195,000 shares in November. Makes one wonder what their performance goals are cause it sure has nothing to do with providing value to stockholders.
  • A
    Anonymous
    MTG will no question report a strong quarter tomorrow morning. Stock should rally strong, just like BAC today.
  • J
    Josef
    If you ever trust to analysts, then you will definitely enjoy this :-)
    June 11 article - MGIC Investment sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. https://finance.yahoo.com/news/mgic-investments-mtg-may-insurance-140902779.html
    June 29 article - Zacks Investment Research cut shares of MGIC Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. https://sundanceherald.com/2019/06/29/mgic-investment-corp-to-post-q2-2019-earnings-of-0-42-per-share-b-riley-forecasts-nysemtg.html

    I would just add : lol :-)
  • C
    Craig
    Good monthly numbers!
  • R
    Rick
    If best management can do is 1.1 times book value; then I say it time to sell to an entity that is more focused on shareholders. They issue tons of stock options and stock awards on top of extremely inflated compensation and the stockholders get 1.1 times book and 7 PE? Thought maybe new CEO would be a little more proactive to increase stock price; but appears based on his actions since earnings that he is just another one hoping to get rich on the gravy train.
  • K
    Kelly
    I don't understand why MTG is down like this. I've held this stock for several years now. Question and please honest answers..... Should I keep holding or sell?
  • J
    Josef
    earnings are stellar as expected... book value added another $0.64 per quarter to $10.72
    EPS $0.42 will get MTG over $15...easy :-)
  • J
    Josef
    from CC:
    our post 2008 business is producing and the favorable operating environment, we are experiencing especially as it relates to employment, wage growth and housing fundamentals. Our inventory of delinquency notices continuous to decline is at a level not seen more than 20 years.
    Existing insurance in force has very strong credit characteristics and is expected to generate meaningful returns for shareholders.
    We are writing high-quality new business in what is expected to be a low loss environment that is being added to an existing book of business it is performing exceptionally well. And we are generating significant shareholder value. That is why when I look ahead, I'm very excited and confident about the future of MGIC.
  • J
    Josef
    "Compared to others, MGIC Investment Corporation is in a different league with regards to profitability, having net margins of 48.6%. To put some perspective around this, the industry’s average net margin is 5.47%. MTG’s ROE is 16.4%, which is also considerably better than the industry’s ROE of 10%. " (from marketbeat)
  • A
    Anonymous
    The CFPB issued an ANPR yesterday regarding the "QM Patch"which is set to expire in Jan. 2021. The industry knows this. The QM Patch allows DTI greater than 43% and if it expires, the business will go to the FHA instead of the PMI's. However, it is more likely that the rule/provision gets renewed and at a position more FAVORABLE for the PMI's. The Feds want more private capital not less. Big over reaction to news that could be viewed as a positive for the PMI industry.
  • j
    josh
    4/18/18
    Wells Fargo Reiterates MGIC Investment (MTG) Buy
  • j
    josh
    4/10/18
    Keefe, Bruyette & Woods Reiterates MGIC Investment (MTG) Buy $16.00
  • O
    Orthello
    Would be nice if the common would see a nice quarterly dividend. That may increase the share price and reward those who have been supporting.
  • A
    Anonymous
    I've looked back at the entire history of MGIC as a public company (but excluding the crisis years 2008-2012, when MTG might have gone bust). The LOWEST price-to-book ratio --at the calendar year high-- was 1.40x year-end book value. In other words, looking at the high and low stock price during a calendar year, vs. that same year-end book value. The low was in 2006, and match in 2016-- at 1.40x BV. 2019's year-end book value should approximate $12.25. 1.40x 12.25 BV gets you to a price of $17.15. The average high over the last 4 years (2015-2018) is 1.66x BV on the high end and 1.02 on the low end. 1.66x 12.25 is $>$20. And we've already had the low for th year price-wise at 10.20, which is 0.83x year-end BV. MTG should be trading at $17-20, not $13 and change.
  • A
    Anonymous
    Amazing to think that MTG was at this price level on Sept. 2008, right in the middle of the financial crash. A decade later and we are still here. Unbelievable.
  • A
    Anonymous
    Management was so conservative in their commentary, not surprised that the stock is down a few pennies. However with new FHA head and new FHFA head coming in soon-- there is no question that private capital will take share. That is hugely positive news for the PMI's. But they don't want to get ahead of themselves, hence the conservative commentary. Once PMIER's is finalized on 3/31, look for MTG to initiate a dividend. BV could get to $12/share by year-end 2019, and a 1.6x BV at some point in 2019 puts MTG close to $20/share. I could easily see MTG at $20 in the next 12 months.
  • A
    Anonymous
    Finally a dividend! 6 cents per share per quarter or 24 cents. 2% yield, not a bad start. Surprised that the stock is down so much today.