MTG:NYE-MGIC Investment Corporation (USD)

EQUITY | Insurance - Specialty | New York Stock Exchange

Last Closing

USD 22.13

Change

+0.39 (+1.79)%

Market Cap

USD 3.08B

Volume

2.05M

Analyst Target

USD 12.43
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

MGIC Investment Corp through its wholly-owned subsidiaries is engaged in providing private mortgage insurance and ancillary services.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-03-27 )

Largest Industry Peers for Insurance - Specialty

Symbol Name Price(Change) Market Cap
RYAN Ryan Specialty Group Holdings ..

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USD 13.33B
FNF Fidelity National Financial In..

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USD 13.32B
AIZ Assurant Inc

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USD 9.00B
FAF First American Corporation

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USD 5.86B
ESNT Essent Group Ltd

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USD 5.71B
AXS AXIS Capital Holdings Ltd

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USD 5.14B
RDN Radian Group Inc

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USD 4.75B
AGO Assured Guaranty Ltd

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USD 4.36B
AXS-PE AXIS Capital Holdings Limited

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USD 4.15B
EIG Employers Holdings Inc

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USD 1.12B

ETFs Containing MTG

MGMT Ballast Small/Mid Cap ETF 2.84 % 0.00 %

N/A

USD 0.14B
YXM-B:CA CI Morningstar US Momentu.. 1.11 % 0.00 %

N/A

CAD 0.02B
AFMC First Trust Active Factor.. 1.02 % 0.00 %

N/A

USD 7.00M
USVM VictoryShares US Small Mi.. 0.60 % 0.25 %

N/A

USD 0.22B
CSA VictoryShares US Small Ca.. 0.35 % 0.35 %

N/A

USD 0.03B
CSF VictoryShares US Discover.. 0.35 % 0.35 %

N/A

USD 0.05B
FHF:CA First Trust Nasdaq Clean .. 0.00 % 0.77 %

N/A

CAD 0.01B

Market Performance

  Market Performance vs. Industry/Classification (Insurance - Specialty) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 14.72% 64% D 86% B+
Dividend Return 0.60% 40% F 36% F
Total Return 15.32% 64% D 87% B+
Trailing 12 Months  
Capital Gain 67.27% 93% A 94% A
Dividend Return 3.36% 55% F 49% F
Total Return 70.63% 93% A 94% A
Trailing 5 Years  
Capital Gain 67.78% 82% B 78% C+
Dividend Return 12.17% 22% F 47% F
Total Return 79.95% 82% B 78% C+
Average Annual (5 Year Horizon)  
Capital Gain 13.02% 93% A 79% B-
Dividend Return 15.64% 93% A 79% B-
Total Return 2.62% 36% F 56% F
Risk Return Profile  
Volatility (Standard Deviation) 40.25% 29% F 25% F
Risk Adjusted Return 38.86% 79% B- 65% D
Market Capitalization 3.08B 57% F 77% C+

Key Financial Ratios

  Ratio vs. Industry/Classification (Insurance - Specialty) Ratio vs. Market (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 11.00 71% 82%
Price/Book Ratio 1.05 77% 67%
Price / Cash Flow Ratio 7.50 57% 48%
Price/Free Cash Flow Ratio N/A N/A N/A
Management Effectiveness  
Return on Equity 14.68% 92% 71%
Return on Invested Capital 12.96% 85% 73%
Return on Assets 9.21% 100% 90%
Debt to Equity Ratio 12.68% 91% 86%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.