-0.66%
7.72%
2.00%
2.82%
28.73%
68.25%
85.21%
AI Spotlight on MTG
Company Description
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam.The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.It also provides contract underwriting services, as well as reinsurance.
The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders.MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
Market Data
| Last Price | 25.54 |
| Change Percentage | -0.66% |
| Open | 25.6 |
| Previous Close | 25.71 |
| Market Cap ( Millions) | 6471 |
| Volume | 1780838 |
| Year High | 26.56 |
| Year Low | 18.68 |
| M A 50 | 24.57 |
| M A 200 | 23.48 |
Financial Ratios
| FCF Yield | 11.25% |
| Dividend Yield | 1.92% |
| ROE | 14.82% |
| Debt / Equity | 12.17% |
| Net Debt / EBIDTA | 33.11% |
| Price To Book | 1.25 |
| Price Earnings Ratio | 8.66 |
| Price To FCF | 8.89 |
| Price To sales | 5.44 |
| EV / EBITDA | 6.55 |
News
- Jan -28 - MGIC Investment Corporation Announces Quarterly Dividend of $0.13 Per Share
- Jan -27 - MGIC Investment Stock Near 52-Week High: What Should Investors Do?
- Jan -06 - MGIC Investment Corporation Schedules 4th Quarter 2024 Earnings Call
- Dec -31 - The New Year May Not Be Kind To Radian Group
- Nov -27 - MGIC Investment Stock Rises 35.3% YTD: More Room for Growth?
- Nov -06 - MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript
- Nov -05 - MGIC Investment Q3 Earnings Surpass Estimates on Higher Revenues
- Nov -05 - MGIC Investment Q3: Home Prices Limit Potential Losses, But Hold Due To Valuation Concerns
- Nov -05 - Here's What Key Metrics Tell Us About MGIC (MTG) Q3 Earnings
- Nov -04 - MGIC Investment (MTG) Q3 Earnings Beat Estimates
- Nov -04 - MGIC Investment Corporation Reports Third Quarter 2024 Results
- Oct -24 - MGIC Investment Corporation Announces Quarterly Dividend of $0.13 Per Share
- Oct -11 - All You Need to Know About MGIC (MTG) Rating Upgrade to Strong Buy
- Oct -11 - Best Value Stocks to Buy for October 11th
- Oct -11 - Best Income Stocks to Buy for October 11th
- Oct -07 - MGIC Investment Corporation Schedules 3rd Quarter 2024 Earnings Call
- Sep -20 - AM Best Upgrades Credit Ratings of Operating Subsidiaries of MGIC Investment Corporation
- Sep -18 - MTG Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
- Sep -13 - 3 Momentum Anomaly Stocks to Buy as Markets Soar on Cooling Inflation
- Sep -05 - 5 Stocks to Watch From the Prospering Multiline Insurance Industry
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Mortgage Insurance
Expected Growth : 3.0 %
What the company do ?
Mortgage Insurance from MGIC Investment Corporation provides coverage to lenders, protecting them from defaults on mortgage loans, and allowing borrowers to make lower down payments.
Why we expect these perspectives ?
MGIC Investment Corporation's 3.0% growth in Mortgage Insurance is driven by increasing demand for private mortgage insurance, expansion into new markets, and a favorable regulatory environment. Additionally, the company's strong risk management practices, diversified product offerings, and strategic partnerships contribute to its growth momentum.
Mgic Investment Corporation Products
| Product Range | What is it ? |
|---|---|
| Private Mortgage Insurance | MGIC Investment Corporation provides private mortgage insurance to lenders and investors, protecting them from default-related losses on residential mortgage loans. |
| Mortgage Guaranty Insurance | MGIC offers mortgage guaranty insurance, which provides coverage to lenders and investors in the event of borrower default. |
| Risk Management Solutions | MGIC provides risk management solutions to lenders and investors, helping them to identify and manage credit risk in their mortgage portfolios. |
| Portfolio Retention | MGIC's portfolio retention services help lenders to retain mortgage servicing rights and manage their portfolios more effectively. |
MGIC Investment Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for MGIC Investment Corporation is medium due to the presence of alternative mortgage insurance providers. However, the company's strong brand recognition and established relationships with lenders mitigate this threat to some extent.
Bargaining Power Of Customers
The bargaining power of customers is low for MGIC Investment Corporation, as the company's products are essential for lenders to manage risk. Additionally, the company's large market share and established relationships with lenders reduce the bargaining power of customers.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low for MGIC Investment Corporation, as the company is not heavily reliant on a single supplier. The company's diversified supply chain and strong relationships with suppliers reduce the bargaining power of suppliers.
Threat Of New Entrants
The threat of new entrants is low for MGIC Investment Corporation, as the mortgage insurance industry has high barriers to entry. The company's strong brand recognition, established relationships with lenders, and regulatory requirements create significant obstacles for new entrants.
Intensity Of Rivalry
The intensity of rivalry is medium for MGIC Investment Corporation, as the company operates in a competitive industry with several established players. However, the company's strong market position, diversified product offerings, and established relationships with lenders help to mitigate the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 11.25% |
| Debt Cost | 7.26% |
| Equity Weight | 88.75% |
| Equity Cost | 10.11% |
| WACC | 9.79% |
| Leverage | 12.68% |
MGIC Investment Corporation : Quality Control
MGIC Investment Corporation passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| RDN | Radian Group Inc., together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private … |
| AIZ | Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company … |
| FNF | Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title … |
| ACT | Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance. It offers private mortgage … |
| NMIH | NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Enact Holdings
A-Score
1-Year Total Return ->
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MGIC
A-Score
1-Year Total Return ->
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Fidelity National Financial
A-Score
1-Year Total Return ->
4
Radian Group
A-Score
1-Year Total Return ->
5
NMI Holdings
A-Score
1-Year Total Return ->
6
