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MGIC Investment (MTG) Stock Forecast & Price Target

MGIC Investment (MTG) Analyst Ratings

Based on 16 analyst ratings
Buy
Strong Buy 25%
Buy 25%
Hold 44%
Sell 6%
Strong Sell 0%

Bulls say

MGIC Investment Corp experienced a significant increase in book value per share, rising 5.6% sequentially in Q3/24 to reach $20.66, highlighting the company's strengthening financial position. Additionally, the firm achieved a notable 17.8% year-over-year increase in new insurance written, amounting to $17.2 billion, indicating robust demand for its mortgage insurance products despite a slight uptick in the default ratio. Furthermore, the insurance in force grew by 0.4% sequentially to $292.8 billion, showcasing MGIC's continued market presence and growth potential in the mortgage insurance sector.

Bears say

MGIC Investment Corp's new insurance written declined by 15.5% year-over-year, resulting in a marginal decrease in insurance-in-force to $293.5 billion, indicating challenges in maintaining market share and demand. Additionally, earned premium growth fell by 7.2%, while the premium yield decreased from 32.9 basis points in Q3 to 30.8 basis points in Q4, reflecting pressure on profitability in a competitive environment. The company's guidance for FY ’24 indicates a reduction in operating expenses, yet it may not sufficiently offset the declining premium income and overall financial performance trends.

MGIC Investment (MTG) has been analyzed by 16 analysts, with a consensus rating of Buy. 25% of analysts recommend a Strong Buy, 25% recommend Buy, 44% suggest Holding, 6% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of MGIC Investment and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About MGIC Investment (MTG) Forecast

Analysts have given MGIC Investment (MTG) a Buy based on their latest research and market trends.

According to 16 analysts, MGIC Investment (MTG) has a Buy consensus rating as of Jun 16, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $19.66, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $19.66, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

MGIC Investment (MTG)


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