Stocks · Financial Services · Insurance - Specialty
MGIC Investment Corporation MTG
$26.95 +2.20% Close, Oct 2, 2026 · NYSE · Market cap $5.53B
High quality
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count fell 11.4% in a year, mainly through buybacks.
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +9.0%).
- Operating margin narrowed to 75.4% from 79.6% a year earlier.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth9Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 22%
- EPS growth (TTM, YoY)Bottom 33%
- FCF growth (TTM, YoY)Bottom 27%
- Revenue growth, 3-year CAGRBottom 9%
- Revenue growth accelerationBottom 46%
Quality93Exceptional
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 11%
- Gross marginTop 5%
- Operating marginTop 1%
- Cash conversion (OCF / net income)Bottom 38%
- Accruals (lower is better)Bottom 35%
- Net debt / EBITDA (lower is better)Top 39%
- Interest coverTop 6%
Value76Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 10%
- Free-cash-flow yieldTop 23%
- EBITDA / enterprise valueTop 11%
- Sales / enterprise valueBottom 25%
- P/E vs own 5-year history (lower is better)Bottom 36%
Momentum26Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 49%
- 6-month returnBottom 28%
- 1-year return vs S&P 500Bottom 28%
- Distance from 52-week highBottom 33%
- Trend checklist (0–4)Bottom 27%
Revisions87Strong
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 30%
- Consecutive EPS beatsTop 2%
- Share of analysts rating BuyTop 41%
- Upside to consensus price targetTop 44%
Stability64Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 32%
- Maximum drawdown, 3 yearsTop 24%
- Beta vs S&P 500 (lower is better)Top 36%
- Net debt / EBITDA (lower is better)Top 39%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.2% | -1.9% | ↓ |
| EPS growth (YoY) | 4.7% | 4.9% | ↑ |
| Gross margin | 98.9% | 92.4% | ↓ |
| Operating margin | 79.6% | 75.4% | ↓ |
| FCF margin | 63.3% | 59.1% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -1.9% | -1.2% | ↓ | Bottom 22% |
| EPS growth (TTM, YoY) | 4.9% | 4.7% | ↑ | Bottom 33% |
| Gross margin | 92.4% | 98.9% | ↓ | Top 5% |
| Operating margin | 75.4% | 79.6% | ↓ | Top 1% |
| Net margin | 59.2% | 62.6% | ↓ | — |
| Free-cash-flow margin | 59.1% | 63.3% | ↓ | — |
| Return on invested capital | 11.3% | — | Top 11% | |
| Revenue growth, 3-year CAGR | 1.1% | — | Bottom 9% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -57.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.48×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 26.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.44%
- Net buyback yield (TTM)
- 13.64%
- Shareholder yield
- 16.08%
- Share count change, 1 year
- -11.4%
- Share count change, 3-year CAGR
- -10.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +9.0%
- Average 2-day reaction, last 8
- -0.1%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $31.50
- Target vs current price
- +16.9%
- Analysts with a rating
- 22
- Share rating Buy or Strong Buy
- 55%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +14.0% | +0.0% | +1.2% | +2.2% | — |
| Apr 29, 2026 | +4.1% | +0.5% | -9.5% | -10.8% | +2.3% |
| Feb 2, 2026 | +2.7% | +2.3% | +1.4% | +0.7% | +7.7% |
| Oct 29, 2025 | +15.3% | -1.5% | +4.9% | +6.2% | -1.0% |
| Jul 30, 2025 | +17.1% | -1.2% | +4.9% | +8.5% | +6.5% |
| Apr 30, 2025 | +13.6% | +0.9% | +5.4% | +7.1% | +3.8% |
| Feb 3, 2025 | +10.8% | -1.6% | -1.1% | -3.8% | -3.4% |
| Nov 4, 2024 | +16.7% | -0.2% | +3.8% | +10.5% | +8.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $0.87 | $0.76 | +14.0% | $295.4M |
| Apr 29, 2026 | $0.76 | $0.73 | +4.1% | $297.1M |
| Feb 2, 2026 | $0.75 | $0.73 | +2.7% | $298.7M |
| Oct 29, 2025 | $0.83 | $0.72 | +15.3% | $304.5M |
| Jul 30, 2025 | $0.82 | $0.70 | +17.1% | $304.2M |
| Apr 30, 2025 | $0.75 | $0.66 | +13.6% | $306.2M |
| Feb 3, 2025 | $0.72 | $0.65 | +10.8% | $301.4M |
| Nov 4, 2024 | $0.77 | $0.66 | +16.7% | $306.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 8.4× | 8.2× | 71th | Top 10% |
| P/E (forward) | 8.3× | — | — | — |
| EV / EBITDA | 6.5× | — | — | Top 11% |
| EV / Sales | 4.99× | — | — | Bottom 25% |
| Free-cash-flow yield | 12.78% | — | — | Top 23% |
| Earnings yield | 11.87% | — | — | Top 10% |
P/E over the past five years
Range 4.9× – 9.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -4.1%
- Earnings per share growth (TTM)
- +4.9%
- Change in P/E multiple
- +14.9%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +1.1%
- 200-day average slope (20 days)
- +0.3%
- Distance from 50-day average
- -10.6%
- Distance from 200-day average
- -3.3%
- RSI (14)
- 30.1
- Relative volume
- 1.52×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 26.3%
- Volatility vs own 5-year history
- 70th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.55
- Correlation with S&P 500
- 0.37
- Current drawdown from 1-year high
- -14.4%
- Maximum drawdown, 3 years
- -17.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 12, 2022 | Jun 16, 2022 | -30.9% | 107 days | 272 days (Jul 19, 2023) |
| Nov 1, 2021 | Dec 20, 2021 | -19.3% | 34 days | 16 days (Jan 12, 2022) |
| Sep 3, 2026 | Sep 30, 2026 | -17.9% | 18 days | Not yet recovered |
| Dec 18, 2025 | Jun 3, 2026 | -16.7% | 113 days | 36 days (Jul 27, 2026) |
| Apr 29, 2021 | Jul 19, 2021 | -15.5% | 55 days | 56 days (Oct 6, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $5.53B
- P/E (TTM)
- 8.4
- EPS, diluted (TTM)
- $3.20
- Revenue (TTM)
- $1.20B
- Dividend yield
- 2.30%
- 52-week range
- $24.69 – $31.89
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.19B | $1.17B | $1.16B | $1.21B | $1.21B |
| Gross profit | $1.11B | $1.41B | $1.17B | $1.21B | $1.15B |
| Operating income | $801.8M | $1.09B | $902.2M | $968.7M | $928.5M |
| Net income | $635.0M | $865.3M | $712.9M | $763.0M | $738.3M |
| EPS (diluted) | $1.85 | $2.79 | $2.49 | $2.89 | $3.14 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $306.6M | $301.4M | $306.2M | $304.2M | $304.5M | $298.7M | $297.1M | $295.4M |
| Net income | $200.0M | $184.7M | $185.5M | $192.5M | $191.1M | $169.3M | $165.3M | $182.1M |
| EPS (diluted) | $0.77 | $0.72 | $0.75 | $0.81 | $0.83 | $0.75 | $0.76 | $0.86 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $696.3M | $650.0M | $713.0M | $725.0M | $852.8M |
| Capital expenditure | -$4.1M | -$3.3M | -$2.0M | -$1.2M | -$1.0M |
| Free cash flow | $692.2M | $646.8M | $711.0M | $723.9M | $851.8M |
| Dividends paid | -$94.2M | -$110.9M | -$123.0M | -$130.5M | -$132.5M |
| Net share buybacks | -$290.8M | -$385.6M | -$337.2M | -$569.5M | -$788.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $5.91B
- Total assets
- $6.53B
- Total liabilities
- $1.51B
- Total debt
- $646.9M
- Net debt
- $439.6M
- Shareholders’ equity
- $5.01B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 5, 2026 | $0.17 | Aug 20, 2026 |
| May 6, 2026 | $0.15 | May 21, 2026 |
| Feb 17, 2026 | $0.15 | Mar 6, 2026 |
| Nov 6, 2025 | $0.15 | Nov 20, 2025 |
| Aug 7, 2025 | $0.15 | Aug 21, 2025 |
| May 8, 2025 | $0.13 | May 21, 2025 |
| Feb 18, 2025 | $0.13 | Mar 5, 2025 |
| Nov 7, 2024 | $0.13 | Nov 21, 2024 |
Short interest
- Shares sold short
- 8,454,846
- Days to cover
- 4.57
- Change vs previous report
- +5.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 3, 1997
- 2-for-1
- Dec 3, 1993
- 2-for-1