MGIC Investment (MTG) Stock Forecast, Price Target & Predictions
MTG Stock Forecast
MGIC Investment stock forecast is as follows: an average price target of $20.67 (represents a -18.30% downside from MTG’s last price of $25.30) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
MTG Price Target
The average price target for MGIC Investment (MTG) is $20.67 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $16.00. This represents a potential -18.30% downside from MTG's last price of $25.30.
MTG Analyst Ratings
According to 7 Wall Street analysts, MGIC Investment's rating consensus is 'Buy'. The analyst rating breakdown for MTG stock is 0 'Strong Buy' (0.00%), 4 'Buy' (57.14%), 3 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MGIC Investment Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 05, 2024 | Soham Bhonsle | BTIG | $25.00 | $24.14 | 3.56% | -1.19% |
| Jul 09, 2024 | Terry Ma | Barclays | $21.00 | $21.29 | -1.36% | -17.00% |
| Jan 06, 2023 | - | Barclays | $14.00 | $12.90 | 8.53% | -44.66% |
| Jun 23, 2022 | Mark Dwelle | RBC Capital | $16.00 | $11.66 | 37.22% | -36.76% |
The latest MGIC Investment stock forecast, released on Aug 05, 2024 by Soham Bhonsle from BTIG, set a price target of $25.00, which represents a 3.56% increase from the stock price at the time of the forecast ($24.14), and a -1.19% decrease from MTG last price ($25.30).
MGIC Investment Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $23.00 | $23.00 |
| Last Closing Price | $25.30 | $25.30 | $25.30 |
| Upside/Downside | -100.00% | -9.09% | -9.09% |
In the current month, the average price target of MGIC Investment stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MGIC Investment's last price of $25.30. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 05, 2024 | BTIG | Buy | Buy | Hold |
| Jul 09, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jun 03, 2024 | Keefe, Bruyette & Woods | Market Perform | Outperform | Upgrade |
| May 21, 2024 | UBS | Neutral | Neutral | Hold |
| Apr 03, 2024 | Keefe, Bruyette & Woods | - | Market Perform | Downgrade |
| Feb 02, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Apr 11, 2023 | Compass Point | - | Buy | Upgrade |
| Jan 06, 2023 | Barclays | - | Equal-Weight | Downgrade |
| Aug 18, 2022 | Bank of America Securities | - | Buy | Upgrade |
| Jun 23, 2022 | RBC Capital | - | Sector Perform | Upgrade |
MGIC Investment's last stock rating was published by BTIG on Aug 05, 2024. The company gave MTG a "Buy" rating, the same as its previous rate.
MGIC Investment Financial Forecast
MGIC Investment Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $283.96M | $296.50M | $290.68M | $283.96M | $292.25M | $292.80M | $293.12M | $294.62M | $294.12M | $295.75M | $297.85M | $297.96M | $302.28M | $296.00M | $293.97M | $306.89M | $311.63M | $318.38M |
| Avg Forecast | $324.89M | $322.83M | $319.48M | $317.45M | $319.18M | $316.77M | $312.09M | $310.31M | $308.48M | $305.98M | $301.02M | $301.62M | $292.72M | $296.31M | $292.51M | $291.88M | $295.44M | $298.51M | $292.89M | $292.28M | $290.90M | $299.65M | $297.40M | $303.56M | $301.17M | $295.40M | $293.92M | $304.61M | $307.10M | $299.42M |
| High Forecast | $326.96M | $324.89M | $321.51M | $319.47M | $321.21M | $318.79M | $314.08M | $312.29M | $310.44M | $306.39M | $302.94M | $303.54M | $294.40M | $299.13M | $294.37M | $293.74M | $297.33M | $300.41M | $294.22M | $293.60M | $292.22M | $301.01M | $298.75M | $304.93M | $302.53M | $296.74M | $295.25M | $305.99M | $308.49M | $300.78M |
| Low Forecast | $323.75M | $321.69M | $318.35M | $316.33M | $318.05M | $315.65M | $310.99M | $309.22M | $307.39M | $305.57M | $299.96M | $300.55M | $291.03M | $293.02M | $291.48M | $290.85M | $294.40M | $297.46M | $291.98M | $291.36M | $289.99M | $298.71M | $296.47M | $302.60M | $300.22M | $294.48M | $293.00M | $303.65M | $306.13M | $298.48M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.00% | 0.99% | 0.97% | 0.99% | 0.98% | 1.00% | 1.01% | 1.01% | 0.99% | 1.00% | 0.98% | 1.00% | 1.00% | 1.00% | 1.01% | 1.01% | 1.06% |
MGIC Investment's average Quarter revenue forecast for Mar 24 based on 1 analysts is $301.62M, with a low forecast of $300.55M, and a high forecast of $303.54M. MTG's average Quarter revenue forecast represents a 6.22% increase compared to the company's last Quarter revenue of $283.96M (Dec 23).
MGIC Investment EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $229.85M | $234.40M | $242.38M | $204.98M | $261.24M | $337.87M | $343.48M | $249.75M | $252.12M | $235.09M | $226.91M | $225.02M | $225.38M | $195.26M | $41.82M | $214.22M | $248.65M | $248.37M |
| Avg Forecast | $243.21M | $241.67M | $239.16M | $237.64M | $238.94M | $237.13M | $233.63M | $232.30M | $230.93M | $229.06M | $225.35M | $269.51M | $219.13M | $221.82M | $218.97M | $245.01M | $221.17M | $258.60M | $219.26M | $193.68M | $217.77M | $224.32M | $222.64M | $219.67M | $225.45M | $221.14M | $220.03M | $208.99M | $229.89M | $224.15M |
| High Forecast | $244.76M | $243.21M | $240.69M | $239.16M | $240.46M | $238.64M | $235.12M | $233.78M | $232.40M | $229.36M | $226.78M | $323.41M | $220.39M | $223.93M | $220.37M | $294.01M | $222.58M | $310.32M | $220.26M | $232.42M | $218.76M | $225.33M | $223.65M | $263.60M | $226.48M | $222.14M | $221.03M | $250.79M | $230.94M | $225.17M |
| Low Forecast | $242.36M | $240.82M | $238.32M | $236.80M | $238.09M | $236.30M | $232.81M | $231.48M | $230.11M | $228.75M | $224.55M | $215.61M | $217.87M | $219.36M | $218.20M | $196.00M | $220.39M | $206.88M | $218.57M | $154.94M | $217.09M | $223.61M | $221.94M | $175.73M | $224.75M | $220.45M | $219.34M | $167.19M | $229.17M | $223.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.06% | 1.11% | 0.84% | 1.18% | 1.31% | 1.57% | 1.29% | 1.16% | 1.05% | 1.02% | 1.02% | 1.00% | 0.88% | 0.19% | 1.03% | 1.08% | 1.11% |
1 analysts predict MTG's average Quarter EBITDA for Mar 24 to be $269.51M, with a high of $323.41M and a low of $215.61M. This is 17.25% upper than MGIC Investment's previous annual EBITDA (Dec 23) of $229.85M.
MGIC Investment Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $184.50M | $182.84M | $191.05M | $154.55M | $191.44M | $249.63M | $249.27M | $175.01M | $173.93M | $157.98M | $153.05M | $150.02M | $151.43M | $130.81M | $14.05M | $149.81M | $177.11M | $176.93M |
| Avg Forecast | $206.93M | $202.00M | $195.17M | $181.04M | $191.71M | $188.70M | $184.31M | $175.51M | $179.19M | $178.29M | $169.62M | $188.86M | $150.90M | $150.21M | $142.30M | $171.69M | $140.31M | $173.77M | $135.34M | $135.72M | $117.00M | $119.27M | $113.43M | $146.45M | $107.03M | $81.14M | $37.44M | $146.15M | $115.66M | $112.84M |
| High Forecast | $208.65M | $203.67M | $196.79M | $182.54M | $193.30M | $190.27M | $185.83M | $176.97M | $180.67M | $188.94M | $171.03M | $226.63M | $153.54M | $158.26M | $143.48M | $206.03M | $141.47M | $208.53M | $136.13M | $162.87M | $117.69M | $119.97M | $114.10M | $175.74M | $107.67M | $81.61M | $37.66M | $175.38M | $116.34M | $113.50M |
| Low Forecast | $205.98M | $201.07M | $194.27M | $180.21M | $190.83M | $187.84M | $183.46M | $174.71M | $178.36M | $170.31M | $168.84M | $151.09M | $148.25M | $144.85M | $141.64M | $137.35M | $139.66M | $139.02M | $134.78M | $108.58M | $116.52M | $118.78M | $112.97M | $117.16M | $106.60M | $80.81M | $37.29M | $116.92M | $115.19M | $112.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 1.22% | 1.34% | 0.90% | 1.36% | 1.44% | 1.84% | 1.29% | 1.49% | 1.32% | 1.35% | 1.02% | 1.41% | 1.61% | 0.38% | 1.03% | 1.53% | 1.57% |
MGIC Investment's average Quarter net income forecast for Mar 24 is $188.86M, with a range of $151.09M to $226.63M. MTG's average Quarter net income forecast represents a 2.36% increase compared to the company's last Quarter net income of $184.50M (Dec 23).
MGIC Investment SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $5.84M | $5.81M | $5.75M | $5.71M | $5.74M | $5.70M | $5.61M | $5.58M | $5.55M | $5.50M | $5.41M | $5.42M | $5.26M | $5.33M | $5.26M | $5.25M | $5.31M | $5.37M | $5.27M | $5.26M | $5.23M | $5.39M | $5.35M | $5.46M | $5.42M | $5.31M | $5.29M | $5.48M | $5.52M | $5.38M |
| High Forecast | $5.88M | $5.84M | $5.78M | $5.75M | $5.78M | $5.73M | $5.65M | $5.62M | $5.58M | $5.51M | $5.45M | $5.46M | $5.29M | $5.38M | $5.29M | $5.28M | $5.35M | $5.40M | $5.29M | $5.28M | $5.26M | $5.41M | $5.37M | $5.48M | $5.44M | $5.34M | $5.31M | $5.50M | $5.55M | $5.41M |
| Low Forecast | $5.82M | $5.79M | $5.73M | $5.69M | $5.72M | $5.68M | $5.59M | $5.56M | $5.53M | $5.50M | $5.39M | $5.41M | $5.23M | $5.27M | $5.24M | $5.23M | $5.29M | $5.35M | $5.25M | $5.24M | $5.22M | $5.37M | $5.33M | $5.44M | $5.40M | $5.30M | $5.27M | $5.46M | $5.51M | $5.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
MGIC Investment's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to MTG last annual SG&A of $NaN (undefined).
MGIC Investment EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.67 | $0.65 | $0.67 | $0.53 | $0.65 | $0.82 | $0.81 | $0.55 | $0.54 | $0.47 | $0.45 | $0.44 | $0.45 | $0.39 | $0.04 | $0.44 | $0.51 | $0.50 |
| Avg Forecast | $0.78 | $0.76 | $0.73 | $0.68 | $0.72 | $0.71 | $0.69 | $0.66 | $0.67 | $0.67 | $0.64 | $0.60 | $0.57 | $0.56 | $0.53 | $0.50 | $0.53 | $0.53 | $0.51 | $0.49 | $0.44 | $0.45 | $0.43 | $0.42 | $0.40 | $0.30 | $0.14 | $0.42 | $0.43 | $0.42 |
| High Forecast | $0.78 | $0.76 | $0.74 | $0.68 | $0.72 | $0.71 | $0.70 | $0.66 | $0.68 | $0.71 | $0.64 | $0.61 | $0.58 | $0.59 | $0.54 | $0.51 | $0.53 | $0.53 | $0.51 | $0.49 | $0.44 | $0.45 | $0.43 | $0.42 | $0.40 | $0.31 | $0.14 | $0.42 | $0.44 | $0.43 |
| Low Forecast | $0.77 | $0.75 | $0.73 | $0.68 | $0.72 | $0.70 | $0.69 | $0.65 | $0.67 | $0.64 | $0.63 | $0.60 | $0.56 | $0.54 | $0.53 | $0.50 | $0.52 | $0.52 | $0.51 | $0.49 | $0.44 | $0.45 | $0.42 | $0.42 | $0.40 | $0.30 | $0.14 | $0.42 | $0.43 | $0.42 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.15% | 1.26% | 1.05% | 1.24% | 1.56% | 1.60% | 1.13% | 1.23% | 1.05% | 1.06% | 1.05% | 1.12% | 1.28% | 0.29% | 1.03% | 1.17% | 1.19% |
According to 1 Wall Street analysts, MGIC Investment's projected average Quarter EPS for Mar 24 is $0.60, with a low estimate of $0.60 and a high estimate of $0.61. This represents a -9.75% decrease compared to MTG previous annual EPS of $0.67 (Dec 23).
MGIC Investment Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MBI | MBIA | $3.61 | $14.00 | 287.81% | Buy |
| JRVR | James River Group | $6.56 | $10.67 | 62.65% | Buy |
| AMBC | Ambac Financial Group | $11.17 | $18.00 | 61.15% | Buy |
| ESNT | Essent Group | $63.49 | $73.75 | 16.16% | Buy |
| AGO | Assured Guaranty | $80.85 | $84.00 | 3.90% | Buy |
| NMIH | NMI | $41.15 | $41.00 | -0.36% | Buy |
| MTG | MGIC Investment | $25.30 | $20.67 | -18.30% | Buy |
| RDN | Radian Group | $35.15 | $27.63 | -21.39% | Buy |
MTG Forecast FAQ
Is MGIC Investment a good buy?
Yes, according to 7 Wall Street analysts, MGIC Investment (MTG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 57.14% of MTG's total ratings.
What is MTG's price target?
MGIC Investment (MTG) average price target is $20.67 with a range of $16 to $25, implying a -18.30% from its last price of $25.3. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will MGIC Investment stock go up soon?
According to Wall Street analysts' prediction for MTG stock, the company can go down by -18.30% (from the last price of $25.3 to the average price target of $20.67), down by -1.19% based on the highest stock price target, and down by -36.76% based on the lowest stock price target.
Can MGIC Investment stock reach $40?
MTG's average twelve months analyst stock price target of $20.67 does not support the claim that MGIC Investment can reach $40 in the near future.
What are MGIC Investment's analysts' financial forecasts?
MGIC Investment's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.26B (high $1.27B, low $1.25B), average EBITDA is $942M (high $948M, low $938.68M), average net income is $740.23M (high $746.36M, low $736.83M), average SG&A $22.63M (high $22.78M, low $22.55M), and average EPS is $2.77 (high $2.8, low $2.76). MTG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.28B (high $1.29B, low $1.28B), average EBITDA is $961.69M (high $967.82M, low $958.3M), average net income is $785.14M (high $791.65M, low $781.54M), average SG&A $23.1M (high $23.25M, low $23.02M), and average EPS is $2.94 (high $2.97, low $2.93).
Did the MTG's actual financial results beat the analysts' financial forecasts?
Based on MGIC Investment's last annual report (Dec 2023), the company's revenue was $1.16B, which missed the average analysts forecast of $1.17B by -1.56%. Apple's EBITDA was $902.23M, missing the average prediction of $904.93M by -0.30%. The company's net income was $712.95M, beating the average estimation of $615.1M by 15.91%. Apple's SG&A was $0, missing the average forecast of $21.1M by -100.00%. Lastly, the company's EPS was $2.51, beating the average prediction of $2.17 by 15.93%. In terms of the last quarterly report (Dec 2023), MGIC Investment's revenue was $283.96M, missing the average analysts' forecast of $292.72M by -2.99%. The company's EBITDA was $229.85M, beating the average prediction of $219.13M by 4.89%. MGIC Investment's net income was $184.5M, beating the average estimation of $150.9M by 22.27%. The company's SG&A was $0, missing the average forecast of $5.26M by -100.00%. Lastly, the company's EPS was $0.67, beating the average prediction of $0.565 by 18.49%