MGIC Investment Corporation (MTG)

MGIC Investment Corp. stock has shown strong performance, gaining 19.7% year-to-date as of November 27, 2025, and trading near its 52-week high. The company has consistently paid quarterly dividends, with a $0.15 dividend paid on November 20, 2025. MGIC has been actively repurchasing shares, buying back 7 million shares for $188 million in Q3 2025, and has an additional share repurchase program approved in April 2025. The company reported Q3 2025 EPS of $0.83, surpassing estimates, while revenue was slightly below estimates. Insider trading activity included the sale of shares by EVP Paula C. Maggio and COO Salvatore A. Miosi in October 2025. Easing mortgage rates and improvements in housing inventory have contributed to investor interest.

The demand for MGIC Investment Corp.'s products is closely tied to the housing market, influenced by mortgage interest rates, housing affordability, and home sales volume. The need for private mortgage insurance increases when homebuyers face affordability challenges. The company anticipates seasonal factors will lead to an increase in delinquency notices and rates, while the demand for mortgage refinancing has decreased.

MGIC Investment Corp. is a leading provider of private mortgage insurance (PMI) in the U.S., offering mortgage default protection to facilitate low-down-payment mortgages. The company's services include primary mortgage insurance, pool insurance for secondary market transactions, contract underwriting, and other mortgage credit risk management solutions.

MGIC Investment Corp. serves lenders across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, with a subsidiary in Australia. The company's greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia, and New York.

MGIC Investment Corp. has maintained strong credit ratings from major agencies, including an A- from S&P with a positive outlook, an A from A.M. Best with a stable outlook, and an A2 from Moody's with a stable outlook. Mortgage Guaranty Insurance Corporation and CondoTek launched a new All-In-One Condominium Compliance solution.

MGIC Investment Corp. has a diverse ownership structure, with significant holdings by institutional investors such as The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc. Individual insider ownership accounts for approximately 1.09% of the company's shares.