MGIC Investment Stock (NYSE:MTG), Trade Ideas

MGIC Investment

MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.

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MGIC Investment Corporation (NYSE: MTG) reported better-than-expected fourth-quarter earnings after the closing bell on Wednesday.

These Analysts Increase Their Forecasts On MGIC Investment Following Q4 Results

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RBC Capital Markets analyst Scott Heleniak downgraded MGIC Investment Corp (NYSE: MTG) to Sector Perform from 

MGIC Investment Downgraded Amid Foreseen Housing Market Challenges: Analyst

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MGIC Investment Corp

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Keefe, Bruyette &amp; Woods analyst Bose George downgrades MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) from Outperform to Market Perform and raises the price target from $23.5 to $24.

Keefe, Bruyette & Woods Downgrades MGIC Investment to Market Perform, Raises Price Target to $24

MGIC Investment Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtg#NYSE">MTG</a>) reported better-than-expected fourth-quarter earnings <a href="https://www.benzinga.com/quote/MTG">after the closing bell on Wednesday.</a>
MGIC Investment posted adjusted earnings of 67 cents per share, beating market estimates of 57 cents per share. The company&rsquo;s quarterly sales came in at $283.96 million versus expectations of $292.72 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation (&quot;MGIC&quot;) said, &quot;The fourth quarter capped another successful year. In 2023, we again delivered excellent financial results, and returned meaningful capital to our shareholders. During the year, we remained committed to delivering long-term value for our shareholders, disciplined in our approach to the market, and focused on through-the-cycle performance. We enter 2024 with financial strength and capital flexibility, and we are excited for the opportunities that the new year will bring.&quot;
MGIC Investment shares fell 0.4% to trade at $19.90 on Friday.
These analysts made changes to their price targets on MGIC Investment after the company reported quarterly results.
<ul>
<li>RBC Capital raised the price target on MGIC Investment from $18 to $21. RBC Capital analyst Scott Heleniak maintained a Sector Perform rating.</li>
<li>Roth MKM increased MGIC Investment price target from $21 to $24. Roth MKM analyst Harry Fong maintained a Buy rating.</li>
</ul>
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Roth MKM analyst Harry Fong maintains MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) with a Buy and raises the price target from $21 to $24.

Roth MKM Maintains Buy on MGIC Investment, Raises Price Target to $24

RBC Capital analyst Scott Heleniak maintains MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) with a Sector Perform and raises the price target from $18 to $21.

RBC Capital Maintains Sector Perform on MGIC Investment, Raises Price Target to $21

MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) reported its Q4 earnings results on Wednesday, January 31, 2024 at 04:07 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
MGIC Investment beat estimated earnings by 17.54%, reporting an EPS of $0.67 versus an estimate of $0.57.
Revenue was down $8.30 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 0.48% increase in the share price the next day.
Here's a look at MGIC Investment's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.56</td>
<td>0.53</td>
<td>0.50</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.64</td>
<td>0.68</td>
<td>0.54</td>
<td>0.64</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>296.29M</td>
<td>292.51M</td>
<td>291.55M</td>
<td>295.44M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>296.50M</td>
<td>290.68M</td>
<td>283.96M</td>
<td>292.25M</td>
</tr>
</tbody>
</table>

To track all earnings releases for MGIC Investment <a href="https://www.benzinga.com/quote/MTG/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: MGIC Investment Q4 Earnings

MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.57 by 17.54 percent. This is a 4.69 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $283.96 million which missed the analyst consensus estimate of $292.72 million by 2.99 percent. This is a 2.84 percent decrease over sales of $292.25 million the same period last year.

MGIC Investment Q4 Adj EPS $0.67 Beats $0.57 Estimate, Sales $283.96M Miss $292.72M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) is likely to report quarterly earnings at $1.68 per share on revenue of $11.56 billion.
&bull; Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $8.82 billion.
&bull; Regis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGS#NASDAQ">RGS</a>) is likely to report quarterly loss at $1.19 per share on revenue of $52.94 million.
&bull; Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is projected to report quarterly loss at $0.74 per share on revenue of $21.12 billion.
&bull; Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $2.60 billion.
&bull; Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) is expected to report quarterly earnings at $3.48 per share on revenue of $1.14 billion.
&bull; Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $1.03 billion.
&bull; Evercore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $715.79 million.
&bull; Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) is estimated to report quarterly earnings at $1.32 per share on revenue of $5.04 billion.
&bull; Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $1.08 billion.
&bull; Cencora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) is likely to report earnings for its first quarter.
&bull; CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) is likely to report quarterly earnings at $1.36 per share on revenue of $2.68 billion.
&bull; Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) is likely to report quarterly earnings at $3.08 per share on revenue of $6.48 billion.
&bull; Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) is likely to report quarterly earnings at $1.40 per share on revenue of $6.17 billion.
&bull; Hess Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HESM#NYSE">HESM</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $357.92 million.
&bull; M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) is estimated to report quarterly earnings at $4.94 per share on revenue of $1.19 billion.
&bull; Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $1.56 billion.
&bull; Radcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDCM#NASDAQ">RDCM</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $13.55 million.
&bull; Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) is likely to report quarterly loss at $1.43 per share on revenue of $85.16 million.
&bull; Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) is likely to report quarterly earnings at $2.85 per share on revenue of $1.50 billion.
&bull; Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) is projected to report quarterly earnings at $2.63 per share on revenue of $2.10 billion.
&bull; Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is projected to report quarterly earnings at $2.10 per share on revenue of $4.66 billion.
&bull; Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $1.39 billion.
&bull; Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $250.34 million.
&bull; Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) is estimated to report quarterly earnings at $10.48 per share on revenue of $4.41 billion.
&bull; Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) is expected to report quarterly earnings at $5.64 per share on revenue of $10.73 billion.
&bull; GSK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $9.61 billion.
&bull; Nomura Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) is projected to report earnings for its third quarter.
&bull; Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $295.61 million.
&bull; New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $803.17 million.
&bull; Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) is likely to report quarterly earnings at $2.34 per share on revenue of $36.29 billion.
&bull; Teva Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $4.01 billion.
&bull; Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) is expected to report quarterly earnings at $4.34 per share on revenue of $1.58 billion.
&bull; Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) is projected to report quarterly earnings at $2.16 per share on revenue of $2.09 billion.
&bull; MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) is projected to report quarterly earnings at $1.73 per share on revenue of $195.93 million.
&bull; Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) is estimated to report quarterly earnings at $0.86 per share on revenue of $3.57 billion.
&bull; Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $201.17 million.
&bull; Central Pacific Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPF#NYSE">CPF</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $50.78 million.
&bull; Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $3.59 billion.
&bull; Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) is estimated to report earnings for its fourth quarter.
&bull; United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $1.70 billion.
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&bull; Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is projected to report earnings for its first quarter.
&bull; EZCORP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $296.28 million.
&bull; Markel Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKL#NYSE">MKL</a>) is estimated to report quarterly earnings at $21.36 per share on revenue of $3.76 billion.
&bull; John B Sanfilippo &amp; Son (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBSS#NASDAQ">JBSS</a>) is estimated to report earnings for its second quarter.
&bull; Unifi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFI#NYSE">UFI</a>) is likely to report quarterly loss at $0.85 per share on revenue of $135.57 million.
&bull; Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) is expected to report quarterly earnings at $5.99 per share on revenue of $460.96 million.
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&bull; Good Times Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTIM#NASDAQ">GTIM</a>) is estimated to report earnings for its first quarter.
&bull; Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is estimated to report quarterly earnings at $1.94 per share on revenue of $958.13 million.
&bull; Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) is expected to report quarterly earnings at $2.73 per share on revenue of $1.41 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $135.47 million.
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&bull; AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $701.24 million.
&bull; Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) is likely to report quarterly earnings at $1.77 per share on revenue of $521.22 million.
&bull; C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) is projected to report quarterly earnings at $0.81 per share on revenue of $4.34 billion.
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&bull; Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is likely to report quarterly loss at $0.66 per share on revenue of $206.25 million.
&bull; Kulicke &amp; Soffa Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $172.01 million.
&bull; MaxLinear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $125.11 million.
&bull; Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $6.73 billion.
&bull; Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>) is likely to report quarterly earnings at $1.45 per share on revenue of $4.40 billion.
&bull; Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) is expected to report quarterly earnings at $2.28 per share on revenue of $896.79 million.
&bull; Digi Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGII#NASDAQ">DGII</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $105.61 million.
&bull; Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is estimated to report quarterly earnings at $2.37 per share on revenue of $9.51 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $645.09 million.
&bull; Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) is projected to report quarterly earnings at $1.66 per share on revenue of $1.00 billion.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $2.67 billion.
&bull; MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) is likely to report quarterly loss at $0.26 per share on revenue of $52.47 million.
&bull; Core Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $127.92 million.
&bull; Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) is likely to report quarterly earnings at $5.17 per share on revenue of $1.53 billion.
&bull; Corteva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $3.62 billion.
&bull; MetLife (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>) is expected to report quarterly earnings at $1.90 per share on revenue of $18.46 billion.
&bull; Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $1.24 billion.
&bull; Rayonier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYN#NYSE">RYN</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $229.75 million.
&bull; MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $292.72 million.
&bull; NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $619.23 million.
&bull; Conmed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNMD#NYSE">CNMD</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $332.20 million.
&bull; Landmark Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LARK#NASDAQ">LARK</a>) is likely to report earnings for its fourth quarter.
&bull; PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $538.63 million.
&bull; Align Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $931.35 million.
&bull; Vista Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) is estimated to report quarterly earnings at $0.81 per share on revenue of $687.67 million.
&bull; Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $990.66 million.
&bull; Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $707.50 million.
&bull; NewMarket (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEU#NYSE">NEU</a>) is likely to report earnings for its fourth quarter.
&bull; Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $892.10 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 31, 2024

MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.
Analysts estimate that MGIC Investment will report an earnings per share (EPS) of $0.57. 
MGIC Investment bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.08, which was followed by a 0.48% increase in the share price the next day.
Here's a look at MGIC Investment's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.56</td>
<td>0.53</td>
<td>0.50</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.64</td>
<td>0.68</td>
<td>0.54</td>
<td>0.64</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.48%</td>
<td>4.44%</td>
<td>-1.3%</td>
<td>0.42%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706637723_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MGIC Investment were trading at $20.11 as of January 29. Over the last 52-week period, shares are up 42.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MTG/earnings">To track all earnings releases for MGIC Investment visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For MGIC Investment

UBS analyst Douglas Harter initiates coverage on MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) with a Neutral rating and announces Price Target of $18.5.

Initiation

UBS Initiates Coverage On MGIC Investment with Neutral Rating, Announces Price Target of $18.5

At the end of today, November 28, 2023, MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) will distribute a dividend payout of $0.12 per share, translating to an annualized dividend yield of 2.78%. Shareholders who held the stock before the ex-dividend date on November 08, 2023 will benefit from this payout.
<h3>MGIC Investment Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-08</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>2.78%</td>
<td>2023-10-26</td>
<td>2023-11-09</td>
<td>2023-11-28</td>
</tr>
<tr>
<td>2023-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>2.73%</td>
<td>2023-07-27</td>
<td>2023-08-10</td>
<td>2023-08-24</td>
</tr>
<tr>
<td>2023-05-10</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>2.84%</td>
<td>2023-04-27</td>
<td>2023-05-11</td>
<td>2023-05-25</td>
</tr>
<tr>
<td>2023-02-16</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>2.89%</td>
<td>2023-01-24</td>
<td>2023-02-17</td>
<td>2023-03-02</td>
</tr>
<tr>
<td>2022-11-09</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>3.06%</td>
<td>2022-10-27</td>
<td>2022-11-10</td>
<td>2022-11-23</td>
</tr>
<tr>
<td>2022-08-10</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>2.9%</td>
<td>2022-07-28</td>
<td>2022-08-11</td>
<td>2022-08-25</td>
</tr>
<tr>
<td>2022-05-11</td>
<td style="text-align: right;">4</td>
<td>$0.08</td>
<td>2.47%</td>
<td>2022-04-28</td>
<td>2022-05-12</td>
<td>2022-05-26</td>
</tr>
<tr>
<td>2022-02-15</td>
<td style="text-align: right;">4</td>
<td>$0.08</td>
<td>2.1%</td>
<td>2022-01-25</td>
<td>2022-02-16</td>
<td>2022-03-02</td>
</tr>
<tr>
<td>2021-11-09</td>
<td style="text-align: right;">4</td>
<td>$0.08</td>
<td>2.0%</td>
<td>2021-10-28</td>
<td>2021-11-11</td>
<td>2021-11-23</td>
</tr>
<tr>
<td>2021-08-11</td>
<td style="text-align: right;">4</td>
<td>$0.08</td>
<td>2.34%</td>
<td>2021-07-29</td>
<td>2021-08-12</td>
<td>2021-08-26</td>
</tr>
<tr>
<td>2021-05-12</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.55%</td>
<td>2021-04-29</td>
<td>2021-05-13</td>
<td>2021-05-27</td>
</tr>
<tr>
<td>2021-02-16</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.92%</td>
<td>2021-01-26</td>
<td>2021-02-17</td>
<td>2021-03-03</td>
</tr>
</tbody>
</table>
MGIC Investment's dividend yield falls in the middle range when compared to its industry peers, with Greystone Housing Impact (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHI#NYSE">GHI</a>) having the highest annualized dividend yield at 8.80%.
<h3>Analyzing MGIC Investment Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701183934_0.png" alt="dividend chart graph" />
From 2020 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.24 in 2020 to $0.36 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
<h3>YoY Earnings Growth For MGIC Investment</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701183934_1.png" alt="earning chart graph" />
Investors can observe a growth in earnings for MGIC Investment from 2020 to 2022, as earnings per share increased from $1.78 to $2.88. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
<h3>Recap</h3>
This article delves into the recent dividend payout of MGIC Investment and its implications for shareholders. Presently, the company is distributing a dividend of $0.12 per share, leading to an annualized dividend yield of 2.78%.
MGIC Investment's dividend yield falls in the middle range when compared to its industry peers, with Greystone Housing Impact having the highest annualized dividend yield at 8.80%.
Given that MGIC Investment has experienced an increase in dividend per share from 2020 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
\To read more news on MGIC Investment <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

MGIC Investment Delivers Strong Performance and Growing Profits, Elevating Investor Returns

Barclays analyst Terry Ma initiates coverage on MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) with a Equal-Weight rating and announces Price Target of $19.

Barclays Initiates Coverage On MGIC Investment with Equal-Weight Rating, Announces Price Target of $19

MCIG Investment Q3 2023 EPS $0.64 Beats $0.56 Estimate, Revenue $296.5M Beats $296.294M Estimate

MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-10-31. Here's what investors need to know before the announcement.
Analysts estimate that MGIC Investment will report an earnings per share (EPS) of $0.56. 
MGIC Investment bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 4.44% increase in the share price the next day.
Here's a look at MGIC Investment's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.53</td>
<td>0.50</td>
<td>0.53</td>
<td>0.52</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.68</td>
<td>0.54</td>
<td>0.64</td>
<td>0.86</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.44%</td>
<td>-1.3%</td>
<td>0.42%</td>
<td>-0.67%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698688886_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MGIC Investment were trading at $16.46 as of October 27. Over the last 52-week period, shares are up 22.34%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MTG/earnings">To track all earnings releases for MGIC Investment visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For MGIC Investment

RBC Capital analyst Mark Dwelle maintains MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) with a Sector Perform and raises the price target from $17 to $18.

RBC Capital Maintains Sector Perform on MGIC Investment, Raises Price Target to $18

Tuesday marks the last chance for investors to receive the next dividend payout from MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 11.5 cents per share. On Wednesday, MGIC Investment will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 11.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own MTG as of the end of Tuesday's session are eligible to receive the 11.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 24, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/MTG">See current stock movements MGIC Investment on Benzinga.</a>

MGIC Investment's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.53 by 28.3 percent. This is a 16.05 percent decrease over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $290.70 million which missed the analyst consensus estimate of $292.51 million by 0.62 percent. This is a 0.82 percent decrease over sales of $293.12 million the same period last year.

Earnings Beats

Earnings Misses

MGIC Investment Q2 EPS $0.68 Beats $0.53 Estimate, Sales $290.70M Miss $292.51M Estimate

MGIC Investment Corporation Raises Dividend From $0.10 To $0.115

RBC Capital Markets&nbsp;analyst Scott Heleniak downgraded&nbsp;MGIC Investment Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtg#NYSE">MTG</a>) to Sector Perform from&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/MTG/analyst-ratings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Outperform at a price target of $17</a>.
The analyst believes MTG shares have neared fair value in the current macro risk/reward environment and expects increasing challenges in the housing market and macro environment.
Heleniak expects the company to witness difficult Y/Y EPS comparisons for Q2 2023 through Q1 2024 owing to high year-ago reserve releases.
Nevertheless, the analyst notes the company has reduced its debt-to-capital ratio to 11.9% from 21% in 2020 and significantly improved capital efficiency and risk management.
Heleniak expects strong earnings &amp; ROEs in H2 2023 and 2024 for the company and significant shareholder returns via buybacks and dividends.
The analyst estimates EPS of $2.10 in 2023 and <a href="https://www.benzinga.com/calendars/guidance">$2.20 in 2024.</a>
Price Action: MTG shares are trading lower by 1.69% at $15.44 on the last check Thursday.

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Benzinga's Top Ratings Upgrades, Downgrades For July 6, 2023

RBC Capital analyst Mark Dwelle downgrades MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) from Outperform to Sector Perform.

RBC Capital Downgrades MGIC Investment to Sector Perform

MGIC Investment Corp (MTG) is the highest overall rated company in the Insurance - Specialty industry with an overall score of 74. MTG is up 48.09% so far this year after the company closed yesterday at $19.74.  The overall score measures the company's performance based-off both short and long term indicators and means tha

Is MGIC Investment Corp (MTG) Stock Near the Top of the Insurance - Specialty Industry?

MGIC Investment Corp (MTG) is the highest overall rated company in the Insurance - Specialty industry with an overall score of 74. MTG is up 58.38% so far this year after the company closed yesterday at $19.75.  The overall score measures the company's performance based-off both short and long term indicators and means tha

Where Does MGIC Investment Corp (MTG) Stock Fall in the Insurance - Specialty Field?

In a report released yesterday, Bose George from KBW maintained a Buy rating on MGIC Investment (MTG – Research Report), with a price target of $23...

KBW Reaffirms Their Buy Rating on MGIC Investment (MTG)

MGIC Investment Corp (MTG) leads the Insurance - Specialty industry with an overall score of 76. MTG is up 63.93% so far this year after the company closed yesterday at $21.  The overall score measures the company's performance based-off both short and long term indicators and means that MTG scores better than 76% of the o

Should MGIC Investment Corp (MTG) Stock Be in Your Portfolio?

MGIC Investment Corp (MTG) leads the Insurance - Specialty industry with an overall score of 80. MTG is up 76.98% so far this year after the company closed yesterday at $21.91.  The overall score measures the company's performance based-off both short and long term indicators and means that MTG scores better than 80% of th

Should You Buy MGIC Investment Corp (MTG) in Insurance - Specialty Industry?

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MGIC Investment Corp (MTG) is the highest overall rated company in the Insurance - Specialty industry with an overall score of 79. MTG is up 62.63% so far this year after the company closed yesterday at $21.89.  The overall score measures the company's performance based-off both short and long term indicators and means tha

MGIC Investment Corp (MTG) Is the Top Stock in the Insurance - Specialty Industry?

Radian Group, MGIC Investment downgraded at KBW mainly on valuation

Buy MGIC: Higher Interest Rates Create A Buying Opportunity

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Press Releases

MGIC Investment Corporation Schedules 2nd Quarter 2023 Earnings Call

MGIC Investment Corporation Announces an Increase to Quarterly Dividend

MGIC Investment Corporation Reports Second Quarter 2023 Results

MGIC Investment Corporation Announces Redemption of Outstanding 9.00% Convertible Junior Subordinated Debentures due 2063

MGIC Investment Corporation Schedules 3rd Quarter 2023 Earnings Call

MGIC Investment Corporation Schedules 4th Quarter 2023 Earnings Call

MGIC Investment Corporation Announces Quarterly Dividend of $0.115 Per Share

MGIC Investment Corporation Reports Fourth Quarter 2023 Results

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MGIC Investment Corporation Schedules 1st Quarter 2024 Earnings Call

ACGL

NMIH

Enact Holdings

Federal Agricultural Mortgage Corporation Common Stock

Federal Agricultural

Better Home & Finance Holding Company - Class A Common Stock

Better Home & Finance

CNFinance Holdings Limited American Depositary Shares, each representing twenty (20) Ordinary Shares

CNFinance Hldgs

Mr. Cooper Gr

Essent Group

Finance of America Companies Inc. Class A Common Stock

Finance of America

Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests