MGIC Investment (MTG)
Protects mortgage lenders from defaults on low-down-payment home loans.
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Provides private mortgage insurance that protects lenders and mortgage investors from losses on low-down-payment home loans, plus coverage for Fannie Mae and Freddie Mac credit-risk-transfer programs. Premium income and claims depend on mortgage originations, borrower defaults, GSE eligibility standards, and state insurance capital rules.
Provides private mortgage insurance on low-down-payment residential loans through Mortgage Guaranty Insurance Corporation. Primary coverage protects lenders and mortgage investors against part of the principal, interest, and foreclosure-related costs when borrowers default. Insurance subsidiaries also assume portions of mortgage credit risk transferred by Fannie Mae and Freddie Mac, all within a single Mortgage Insurance segment.
Serves mortgage originators nationwide, as well as in Puerto Rico and Guam, using risk-based underwriting and MiQ pricing to match premiums with borrower and loan characteristics. Revenue comes mainly from recurring insurance premiums, while losses move with borrower defaults and claim severity. The business depends on housing and mortgage-origination conditions, continued approval under Fannie Mae and Freddie Mac eligibility rules, and compliance with state insurance capital requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Roth Capital | Reiterate | Rating: —Target: — | Target: $35 |
| May 22, 2026 | RBC Capital | Target | Target: $16 | Target: $28 |
| Jan 6, 2026 | Barclays | Reiterate | Rating: —Target: $28 | Target: $30 |
| Oct 6, 2025 | Barclays | Reiterate | Rating: —Target: $21 | Target: $28 |
| Feb 5, 2025 | Compass Point | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.91B · Total debt $646.9M · Total assets $6.53B · Shareholders' equity $5.01B
- Revenue
- $295.4M
- Operating income
- $238.8M
- Net income
- $182.1M
HistoryDividendAnnual yield
| Institutions | ≈ 101.65% | 208.51M shares | |
|---|---|---|---|
| 517 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.21% | 2.49M shares | |
| 19 holders · as of Sep 2, 2026 | |||
| Adds to | 102.86% | ||
205.12M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 102.86%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.69% | 21.93M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.50% | 17.43M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.73% | 13.80M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 5.49% | 11.27M | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 5.40% | 11.08M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Salvatore A. Miosi | officer: President & COO | −30,000 | $30.73 |
| Aug 7, 2026 | Paula C. Maggio | officer: EVP and General Counsel | −20,000 | $30.30 |
| Aug 5, 2026 | Timothy J. Mattke | director, officer: Chief Executive Officer | −137,113 | $30.52 |
| Aug 3, 2026 | Salvatore A. Miosi | officer: President & COO | −30,000 | $29.70 |
| Jul 1, 2026 | Salvatore A. Miosi | officer: President & COO | −30,000 | $28.23 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MGIC Investment | $29.68 | +0.78% | $6.04B | 9.2 | 9.2 | 5.1 | −2.9% |
| Radian Group | $35.05 | +2.13% | $4.56B | 8.7 | 7.1 | 2.8 | +80.9% |
| Enact | $48.20 | +0.32% | $6.71B | 10.1 | 9.7 | 5.4 | +4.2% |
| Essent Group | $66.79 | +0.48% | $6.13B | 9.3 | 8.9 | 4.6 | +13.6% |
| Arch Capital Group | $95.34 | −0.46% | $33.46B | 7.5 | 10.1 | 1.7 | −22.3% |
| National MI | $43.21 | +1.64% | $3.23B | 8.4 | 8.1 | 4.4 | −9.4% |
| Median | 8.7 | 8.9 | 4.4 | +4.2% |