MGIC Investment (MTG) Stock Forecast, Price Target & Predictions


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MTG Stock Forecast


MGIC Investment stock forecast is as follows: an average price target of $20.67 (represents a -12.12% downside from MTG’s last price of $23.52) 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 -12.12% downside from MTG's last price of $23.52.

MTG Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 05, 2024Soham BhonsleBTIG$25.00$24.143.56%6.29%
Jul 09, 2024Terry MaBarclays$21.00$21.29-1.36%-10.71%
Jan 06, 2023-Barclays$14.00$12.908.53%-40.48%
Jun 23, 2022Mark DwelleRBC Capital$16.00$11.6637.22%-31.97%
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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 6.29% increase from MTG last price ($23.52).

MGIC Investment Price Target by Period


1M3M12M
# Anlaysts-12
Avg Price Target-$25.00$23.00
Last Closing Price$23.52$23.52$23.52
Upside/Downside-100.00%6.29%-2.21%

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 $23.52. 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


DateCompanyPrevious RatingNew RatingRating Change
Oct 08, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 05, 2024BTIGBuyBuyHold
Jul 09, 2024BarclaysEqual-WeightEqual-WeightHold
Jun 03, 2024Keefe, Bruyette & WoodsMarket PerformOutperformUpgrade
May 21, 2024UBSNeutralNeutralHold
Apr 03, 2024Keefe, Bruyette & Woods-Market PerformDowngrade
Feb 02, 2024RBC CapitalSector PerformSector PerformHold
Apr 11, 2023Compass Point-BuyUpgrade
Jan 06, 2023Barclays-Equal-WeightDowngrade
Aug 18, 2022Bank of America Securities-BuyUpgrade
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MGIC Investment's last stock rating was published by Barclays on Oct 08, 2024. The company gave MTG a "Equal-Weight" rating, the same as its previous rate.

MGIC Investment Financial Forecast


MGIC Investment Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$320.53M$318.36M$315.17M$313.63M$318.28M$316.10M$311.75M$310.25M$308.65M$306.03M$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$320.53M$318.36M$315.17M$313.63M$318.28M$316.10M$311.75M$310.25M$308.65M$306.44M$301.02M$301.62M$294.40M$299.13M$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
Low Forecast$320.53M$318.36M$315.17M$313.63M$318.28M$316.10M$311.75M$310.25M$308.65M$305.62M$301.02M$301.62M$291.03M$293.02M$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
# Analysts111111111311254433334444499955
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 $301.62M, and a high forecast of $301.62M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311254433334444499955
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$239.95M$238.33M$235.94M$234.78M$238.26M$236.63M$233.38M$232.26M$231.05M$229.09M$225.35M$269.51M$219.13M$221.82M$218.97M$245.01M$170.18M$223.46M$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$239.95M$238.33M$235.94M$234.78M$238.26M$236.63M$233.38M$232.26M$231.05M$229.40M$225.35M$323.41M$220.39M$223.93M$218.97M$294.01M$204.22M$223.46M$219.26M$232.42M$217.77M$224.32M$222.64M$263.60M$225.45M$221.14M$220.03M$250.79M$229.89M$224.15M
Low Forecast$239.95M$238.33M$235.94M$234.78M$238.26M$236.63M$233.38M$232.26M$231.05M$228.79M$225.35M$215.61M$217.87M$219.36M$218.97M$196.00M$136.15M$223.46M$219.26M$154.94M$217.77M$224.32M$222.64M$175.73M$225.45M$221.14M$220.03M$167.19M$229.89M$224.15M
Surprise %------------1.05%1.06%1.11%0.84%1.54%1.51%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311254433334444499955
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$193.78M$189.96M$184.51M$172.20M$192.87M$190.14M$185.30M$176.34M$178.04M$177.21M$169.62M$188.86M$150.90M$150.21M$142.30M$171.69M$117.41M$140.36M$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$193.78M$189.96M$184.51M$172.20M$192.87M$190.14M$185.30M$176.34M$178.04M$187.79M$169.68M$226.63M$153.54M$158.26M$142.30M$206.03M$140.89M$140.36M$135.34M$162.87M$117.00M$119.27M$113.43M$175.74M$107.03M$81.14M$37.44M$175.38M$115.66M$112.84M
Low Forecast$193.78M$189.96M$184.51M$172.20M$192.87M$190.14M$185.30M$176.34M$178.04M$169.28M$169.57M$151.09M$148.25M$144.85M$142.30M$137.35M$93.92M$140.36M$135.34M$108.58M$117.00M$119.27M$113.43M$117.16M$107.03M$81.14M$37.44M$116.92M$115.66M$112.84M
Surprise %------------1.22%1.22%1.34%0.90%1.63%1.78%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311254433334444499955
SG&A------------------------------
Avg Forecast$5.76M$5.73M$5.67M$5.64M$5.72M$5.68M$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$5.76M$5.73M$5.67M$5.64M$5.72M$5.68M$5.61M$5.58M$5.55M$5.51M$5.41M$5.42M$5.29M$5.38M$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
Low Forecast$5.76M$5.73M$5.67M$5.64M$5.72M$5.68M$5.61M$5.58M$5.55M$5.50M$5.41M$5.42M$5.23M$5.27M$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
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311254433334444499955
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$0.73$0.71$0.69$0.65$0.72$0.71$0.69$0.66$0.67$0.66$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$0.73$0.71$0.69$0.65$0.72$0.71$0.69$0.66$0.67$0.70$0.64$0.60$0.58$0.59$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
Low Forecast$0.73$0.71$0.69$0.65$0.72$0.71$0.69$0.66$0.67$0.63$0.64$0.60$0.56$0.54$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
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 $0.60. This represents a -9.75% decrease compared to MTG previous annual EPS of $0.67 (Dec 23).

MGIC Investment Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MBIMBIA$3.82$14.00266.49%Buy
JRVRJames River Group$6.06$10.6776.07%Buy
AMBCAmbac Financial Group$11.21$18.0060.57%Buy
ESNTEssent Group$54.11$73.7536.30%Buy
NMIHNMI$36.96$42.6015.26%Buy
AGOAssured Guaranty$81.52$84.003.04%Buy
MTGMGIC Investment$23.52$20.67-12.12%Buy
RDNRadian Group$32.11$27.63-13.95%Buy

MTG Forecast FAQ


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.

MGIC Investment (MTG) average price target is $20.67 with a range of $16 to $25, implying a -12.12% from its last price of $23.52. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MTG stock, the company can go down by -12.12% (from the last price of $23.52 to the average price target of $20.67), up by 6.29% based on the highest stock price target, and down by -31.97% based on the lowest stock price target.

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.

MGIC Investment's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.26B (high $1.26B, low $1.26B), average EBITDA is $940.53M (high $940.53M, low $940.53M), average net income is $744.66M (high $744.66M, low $744.66M), average SG&A $22.6M (high $22.6M, low $22.6M), and average EPS is $2.79 (high $2.79, low $2.79). MTG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.27B (high $1.27B, low $1.27B), average EBITDA is $949M (high $949M, low $949M), average net income is $740.46M (high $740.46M, low $740.46M), average SG&A $22.8M (high $22.8M, low $22.8M), and average EPS is $2.77 (high $2.77, low $2.77).

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%