MGIC Investment
About: MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
Employees: 555
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
56% more call options, than puts
Call options by funds: $1.44M | Put options by funds: $925K
3.71% more ownership
Funds ownership: 91.61% [Q3] → 95.32% (+3.71%) [Q4]
9% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 47
0% less funds holding
Funds holding: 406 [Q3] → 404 (-2) [Q4]
6% less capital invested
Capital invested by funds: $6.08B [Q3] → $5.73B (-$353M) [Q4]
11% less repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 152
43% less funds holding in top 10
Funds holding in top 10: 7 [Q3] → 4 (-3) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keefe, Bruyette & Woods Bose George 51% 1-year accuracy 23 / 45 met price target | 4%upside $26 | Market Perform Maintained | 8 Apr 2025 |
UBS Douglas Harter 63% 1-year accuracy 20 / 32 met price target | 4%upside $26 | Neutral Maintained | 19 Feb 2025 |
Barclays Terry Ma 67% 1-year accuracy 14 / 21 met price target | 4%upside $26 | Equal-Weight Maintained | 5 Feb 2025 |
Compass Point Giuliano Bologna 46% 1-year accuracy 6 / 13 met price target | 8%upside $27 | Neutral Downgraded | 5 Feb 2025 |
Financial journalist opinion
Based on 6 articles about MTG published over the past 30 days
