Will earnings report, end it’s winning streak? MGIC Investment (NYSE:MTG)

Earnings results for MGIC Investment (NYSE:MTG)

MGIC Investment Corporation is expected* to report earnings on 02/23/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.39. The reported EPS for the same quarter last year was $0.49.

Analyst Opinion on MGIC Investment (NYSE:MTG)

8 Wall Street analysts have issued ratings and price targets for MGIC Investment in the last 12 months. Their average twelve-month price target is $13.22, predicting that the stock has a possible upside of 4.33%. The high price target for MTG is $16.00 and the low price target for MTG is $9.00. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”

MGIC Investment has received a consensus rating of Buy. The company’s average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $13.22, MGIC Investment has a forecasted upside of 4.3% from its current price of $12.67. MGIC Investment has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: MGIC Investment (NYSE:MTG)

MGIC Investment pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends. MGIC Investment has only been increasing its dividend for 1 years. The dividend payout ratio of MGIC Investment is 13.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC Investment will have a dividend payout ratio of 15.09% next year. This indicates that MGIC Investment will be able to sustain or increase its dividend.

Insiders buying/selling: MGIC Investment (NYSE:MTG)

In the past three months, MGIC Investment insiders have not sold or bought any company stock. Only 0.62% of the stock of MGIC Investment is held by insiders. 89.86% of the stock of MGIC Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of MGIC Investment (NYSE:MTG

Earnings for MGIC Investment are expected to grow by 26.19% in the coming year, from $1.26 to $1.59 per share. The P/E ratio of MGIC Investment is 9.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.65. The P/E ratio of MGIC Investment is 9.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.49. MGIC Investment has a PEG Ratio of 1.67. PEG Ratios above 1 indicate that a company could be overvalued. MGIC Investment has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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