MGIC Investment (MTG) Stock Forecast, Price Target & Predictions
MTG Stock Forecast
MGIC Investment stock forecast is as follows: an average price target of $23.00 (represents a -2.79% downside from MTG’s last price of $23.66) 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 $23.00 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 $21.00. This represents a potential -2.79% downside from MTG's last price of $23.66.
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% | 5.66% |
| Jul 09, 2024 | Terry Ma | Barclays | $21.00 | $21.29 | -1.36% | -11.24% |
| Jan 06, 2023 | Barclays | $14.00 | $12.90 | 8.53% | -40.83% | |
| Jun 23, 2022 | Mark Dwelle | RBC Capital | $16.00 | $11.66 | 37.22% | -32.38% |
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 5.66% increase from MTG last price ($23.66).
MGIC Investment Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $23.00 |
| Last Closing Price | $23.66 | $23.66 | $23.66 |
| Upside/Downside | -100.00% | -100.00% | -2.79% |
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 $23.66. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 08, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| 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 | |
| Jun 23, 2022 | RBC Capital | Outperform | Upgrade |
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 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 | $327.56M | $324.74M | $321.61M | $319.34M | $316.90M | $314.44M | $311.82M | $310.15M | $303.59M | $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 | $330.32M | $327.47M | $324.31M | $322.03M | $319.57M | $317.08M | $314.45M | $310.97M | $304.06M | $306.11M | $301.02M | $301.62M | $294.40M | $299.13M | $294.97M | $294.34M | $297.93M | $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 | $324.17M | $321.38M | $318.28M | $316.04M | $313.62M | $311.18M | $308.60M | $309.32M | $303.12M | $305.95M | $301.02M | $301.62M | $291.03M | $293.02M | $289.48M | $288.86M | $292.38M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 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 $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 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 | 3 | 3 | 1 | 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 | $260.87M | $258.62M | $256.13M | $254.32M | $252.38M | $250.42M | $248.34M | $247.00M | $241.78M | $243.72M | $239.73M | $269.51M | $233.12M | $235.98M | $232.95M | $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 | $263.06M | $260.80M | $258.28M | $256.46M | $254.50M | $252.52M | $250.42M | $247.65M | $242.15M | $243.78M | $239.73M | $323.41M | $234.46M | $238.22M | $234.91M | $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 | $258.17M | $255.95M | $253.48M | $251.69M | $249.77M | $247.82M | $245.76M | $246.34M | $241.40M | $243.66M | $239.73M | $215.61M | $231.78M | $233.36M | $230.54M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 1.04% | 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 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 | 3 | 3 | 1 | 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 | $203.51M | $196.36M | $190.83M | $178.15M | $183.95M | $181.55M | $181.83M | $172.21M | $173.96M | $173.20M | $165.79M | $188.86M | $147.48M | $146.81M | $139.08M | $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 | $205.74M | $198.50M | $192.92M | $180.10M | $185.96M | $183.54M | $183.81M | $174.10M | $176.64M | $173.46M | $165.84M | $226.63M | $150.07M | $154.68M | $140.60M | $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 | $200.78M | $193.71M | $188.27M | $175.76M | $181.47M | $179.11M | $179.38M | $169.43M | $171.62M | $172.95M | $165.73M | $151.09M | $144.90M | $141.57M | $137.21M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | 1.25% | 1.37% | 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 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $5.89M | $5.84M | $5.78M | $5.74M | $5.70M | $5.66M | $5.61M | $5.58M | $5.46M | $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 | $5.94M | $5.89M | $5.83M | $5.79M | $5.75M | $5.70M | $5.66M | $5.59M | $5.47M | $5.51M | $5.41M | $5.42M | $5.29M | $5.38M | $5.30M | $5.29M | $5.36M | $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 | $5.83M | $5.78M | $5.72M | $5.68M | $5.64M | $5.60M | $5.55M | $5.56M | $5.45M | $5.50M | $5.41M | $5.42M | $5.23M | $5.27M | $5.21M | $5.20M | $5.26M | $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 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 | 3 | 3 | 1 | 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 | $0.75 | $0.73 | $0.68 | $0.71 | $0.70 | $0.70 | $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 | $0.79 | $0.76 | $0.74 | $0.69 | $0.71 | $0.70 | $0.70 | $0.67 | $0.68 | $0.67 | $0.64 | $0.60 | $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 | $0.30 | $0.14 | $0.42 | $0.43 | $0.42 |
| Low Forecast | $0.77 | $0.74 | $0.72 | $0.67 | $0.70 | $0.69 | $0.69 | $0.65 | $0.66 | $0.66 | $0.64 | $0.60 | $0.56 | $0.54 | $0.53 | $0.50 | $0.52 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| JRVR | James River Group | $4.58 | $11.50 | 151.09% | Buy |
| MBI | MBIA | $6.34 | $14.00 | 120.82% | Buy |
| ESNT | Essent Group | $54.63 | $98.50 | 80.30% | Buy |
| AMBC | Ambac Financial Group | $13.25 | $18.00 | 35.85% | Buy |
| NMIH | NMI | $37.69 | $46.00 | 22.05% | Buy |
| MTG | MGIC Investment | $24.29 | $23.00 | -5.31% | Buy |
| AGO | Assured Guaranty | $88.91 | $84.00 | -5.52% | Buy |
| RDN | Radian Group | $33.07 | $27.63 | -16.45% | Buy |