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Subsidiary of MGIC Investment Corporation |
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| Headquarters | Milwaukee, Wisconsin, U.S. |
| Website | www.mgic.com |
Mortgage Guaranty Insurance Corporation (a subsidiary of MGIC Investment Corporation) NYSE: MTG is a provider of private mortgage insurance in the United States.
The company is based in Milwaukee, Wisconsin. In addition to mortgage insurance, MGIC provides lenders with various underwriting and other services and products related to home mortgage lending.
In 1957, the company was founded by Max H. Karl, a real estate attorney who noticed that his clients were having trouble paying for their new homes. He secured US$250,000 from investors, including friends and business associates, to open the new company.
In 1982, Karl sold the company to Baldwin United for $1.2 billion.
In 1985, After Baldwin United filed for bankruptcy protection, MGIC was liquidated and its assets were sold to Northwestern Mutual for $775 million.
Karl and others then set up a new company with the same name.
In 1987, Bill Lacy was appointed chairman and chief executive officer of the company. Lacy died in 2016.
In 1995, the founder of the company, Max H. Karl, died.
On 8 August 2007, Mortgage Guaranty Insurance Corporation (MGIC, Milwaukee, Wisconsin) announced it would discontinue its purchase of Radian Group after suffering a billion-dollar loss of its investment in Credit-Based Asset Servicing and Securitization (C-BASS, New York).
Over the period from 2006 to 2017, MGIC stock fell more than 94 percent.
Mortgage Guaranty Insurance Corporation has been named a "Top Workplace" by the Milwaukee Journal Sentinel every year since 2010.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-11-01 | Future report Set alerts | |
| Q2 2022 | 2022-08-03 | 0.82 | 0.82 |
| Q1 2022 | 2022-05-04 | 0.60 | 0.60 |
| Q4 2021 | 2022-02-02 | 0.61 | 0.61 |
| Q3 2021 | 2021-11-03 | 0.46 | 0.46 |
| Q2 2021 | 2021-08-04 | 0.44 | 0.44 |
| Q1 2021 | 2021-05-05 | 0.43 | 0.43 |
| Q4 2020 | 2021-02-23 | 0.44 | 0.44 |
| Q3 2020 | 2020-11-04 | 0.00 | 0.00 |
| Q2 2020 | 2020-08-04 | 0.04 | 0.04 |
| 2016-06-30 | Upgrade | FBR & Co. | Market Perform to Outperform | $7.50 |
| 2016-06-30 | Upgrade | FBR & Co | Market Perform to Outperform | $7.50 |
| 2016-05-10 | Reiterated Rating | Compass Point | Neutral | $9.00 to $8.50 |
| 2016-05-02 | Boost Price Target | Credit Suisse | Neutral | $8.00 to $10.00 |
| 2016-05-02 | Boost Price Target | Credit Suisse Group AG | Neutral | $8.00 to $10.00 |
| 2016-04-21 | Reiterated Rating | FBR & Co. | Market Perform | $7.00 to $7.50 |
| 2016-04-20 | Downgrade | Compass Point | Buy to Neutral | $10.00 to $9.00 |
| 2016-04-04 | Initiated Coverage | Deutsche Bank | Hold | $9.00 |
| 2016-04-04 | Initiated Coverage | Deutsche Bank AG | Hold | $9.00 |
| 2016-02-03 | Reiterated Rating | Compass Point | Buy | $13.00 to $10.00 |
| 2016-01-24 | Reiterated Rating | Credit Suisse | Hold | |
| 2016-01-22 | Lower Price Target | Barclays | Overweight | $14.00 to $10.00 |
| 2016-01-22 | Reiterated Rating | Goldman Sachs | Conviction-Buy to Buy | $11.00 to $10.00 |
| 2016-01-22 | Lower Price Target | FBR & Co. | Market Perform | $11.00 to $7.00 |
| 2016-01-22 | Reiterated Rating | BTIG Research | Buy | $12.00 |
| 2016-01-22 | Lower Price Target | Barclays PLC | Overweight | $14.00 to $10.00 |
| 2016-01-22 | Reiterated Rating | Goldman Sachs Group Inc. | Conviction-Buy to Buy | $11.00 to $10.00 |
| 2016-01-21 | Lower Price Target | MKM Partners | Buy | $13.00 to $10.00 |
| 2016-01-13 | Reiterated Rating | BTIG Research | Buy | $12.00 |
| 2016-01-13 | Reiterated Rating | Compass Point | Buy | $13.00 to $11.00 |
| 2016-01-13 | Lower Price Target | Goldman Sachs | $12.00 to $11.00 | |
| 2015-10-16 | Reiterated Rating | Compass Point | Buy | $13.00 |
| 2015-10-16 | Lower Price Target | FBR & Co. | Hold | $12.00 to $11.00 |
| 2015-10-14 | Reiterated Rating | BTIG Research | Buy | $12.00 |
| 2015-10-12 | Upgrade | Keefe, Bruyette & Woods | Market Perform to Outperform | $11.00 to $11.50 |
| 2015-10-08 | Lower Price Target | Macquarie | Neutral | $12.00 to $11.00 |
| 2015-08-25 | Reiterated Rating | MKM Partners | Buy | $13.00 |
| 2015-08-11 | Reiterated Rating | Compass Point | Buy | $13.00 |
| 2015-07-16 | Reiterated Rating | BTIG Research | Buy | $12.00 |
| 2015-07-14 | Boost Price Target | JMP Securities | Market Outperform | $11.50 to $12.50 |
| 2015-07-02 | Reiterated Rating | Barclays | Overweight | $14.00 |
| 2015-05-05 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $10.50 to $11.00 |
| 2015-04-22 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $10.00 to $10.50 |
| 2015-04-22 | Boost Price Target | MKM Partners | Buy | $11.00 to $13.00 |
| 2015-04-22 | Boost Price Target | FBR & Co. | Hold | $9.00 to $11.00 |
| 2015-04-20 | Boost Price Target | JMP Securities | Market Outperform | $10.50 to $11.50 |
| 2015-04-20 | Upgrade | Credit Suisse | Underperform to Neutral | $8.50 to $10.00 |
| 2015-04-16 | Set Price Target | BTIG Research | Buy | $12.00 |
| 2015-03-16 | Boost Price Target | Barclays | Overweight | $11.00 to $14.00 |
| 2015-03-10 | Initiated Coverage | BTIG Research | Buy | $12.00 |
| 2015-03-04 | Initiated Coverage | MKM Partners | Buy | $11.00 |
| 2014-12-30 | Downgrade | Keefe, Bruyette & Woods | Outperform to Market Perform | |
| 2014-12-16 | Downgrade | Keefe, Bruyette & Woods | Outperform to Market Perform | $9.50 to $10.00 |
| 2014-11-17 | Upgrade | Goldman Sachs | Buy to Conviction-Buy | $11.00 to $12.00 |
| 2014-07-17 | Reiterated Rating | FBR & Co. | Market Perform | $10.00 to $9.00 |
| 2014-07-11 | Downgrade | Goldman Sachs | Conviction-Buy to Buy | |
| 2014-05-19 | Boost Price Target | Credit Suisse | Underperform | $6.00 to $7.00 |
| 2014-03-10 | Upgrade | Ned Davis Research | Sell to Neutral | |
| 2014-01-27 | Upgrade | JMP Securities | Market Perform to Outperform | $10.50 |
| 2014-01-24 | Boost Price Target | Barclays | Overweight | $9.00 to $11.00 |
| 2014-01-24 | Boost Price Target | FBR & Co. | Market Perform to Outperform | $8.00 to $10.00 |
| 2013-12-20 | Upgrade | Compass Point | Neutral to Buy | $6.50 to $10.00 |
| 2013-12-05 | Initiated Coverage | Goldman Sachs | Buy to Conviction-Buy | $10.00 |
| 2013-11-05 | Upgrade | Keefe, Bruyette & Woods | Market Perform to Outperform | $9.00 to $10.00 |
| 2013-10-16 | Boost Price Target | Compass Point | Neutral | $5.00 to $6.50 |
| 2013-10-15 | Boost Price Target | Susquehanna | Positive | $12.00 to $13.00 |
| 2013-10-03 | Boost Price Target | Credit Suisse | $5.00 to $5.50 | |
| 2013-09-17 | Initiated Coverage | JMP Securities | Market Perform | |
| 2013-02-25 | Reiterated | Compass Point | Buy | $2.50 to $3 |
| 2012-08-03 | Downgrade | FBR Capital | Outperform to Mkt Perform | |
| 2012-04-24 | Reiterated | FBR Capital | Outperform | $6 to $5 |
| 2011-07-19 | Reiterated | FBR Capital | Outperform | $13 to $9 |
| 2010-04-22 | Upgrade | Keefe Bruyette | Mkt Perform to Outperform | $12 to $15 |
| 2010-04-19 | Reiterated | Northland Securities | Outperform | $10 to $14.60 |
| 2009-07-16 | Upgrade | FBR Capital | Mkt Perform to Outperform | |
| 2009-07-15 | Initiated | Northland Securities | Outperform | $10 |
| 2016-06-30 | Upgrade | FBR & Co. | Market Perform to Outperform | $7.50 |
| 2016-06-30 | Upgrade | FBR & Co | Market Perform to Outperform | $7.50 |
| 2016-05-10 | Reiterated Rating | Compass Point | Neutral | $9.00 to $8.50 |
| 2016-05-02 | Boost Price Target | Credit Suisse | Neutral | $8.00 to $10.00 |
| 2016-05-02 | Boost Price Target | Credit Suisse Group AG | Neutral | $8.00 to $10.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MTG 287 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Vanguard Group, Inc | 37.98M |
| BlackRock Inc. | 26.71M |
| GOLDMAN SACHS GROUP INC | 20.23M |
| WELLINGTON MANAGEMENT CO LLP | 18.17M |
| FMR LLC | 15.09M |
| BlackRock Fund Advisors | 11.00M |
| DIMENSIONAL FUND ADVISORS LP | 10.66M |
| JPMORGAN CHASE & CO | 10.56M |
| STATE STREET CORP | 10.52M |
| NATIXIS | 9.24M |
| BlackRock Institutional Trust Company, N.A. | 8.96M |
| LSV ASSET MANAGEMENT | 8.76M |
| MORGAN STANLEY | 7.26M |
| GEODE CAPITAL MANAGEMENT, LLC | 4.07M |
| JANUS CAPITAL MANAGEMENT LLC | 4.03M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| SINKS PATRICK President and COO | 0.54% (1835654) | MTG / |
| CULVER CURT S Chairman and CEO | 0.35% (1177005) | MTG / WEC / |
| LANE JEFFREY H Executive Vice President | 0.26% (892046) | MTG / |
| LAUER JON MICHAEL Executive VP & CFO | 0.26% (866094) | MTG / |
| Mattke Timothy J. VP - CAO & Controller | 0.15% (501338) | MTG / |
| PIERZCHALSKI LAWRENCE J Executive Vice President | 0.12% (416160) | MTG / |
| Miosi Salvatore A Exec VP-Business Strat & Ops | 0.10% (331725) | MTG / |
| Mackey Stephen C EVP - Chief Risk Officer | 0.09% (317785) | MTG / |
| Chi Gregory A. Senior VP & Chief Info Officer | 0.07% (240912) | MTG / |
| Karpowicz James A Senior Vice President | 0.06% (202698) | MTG / |
| Hughes James J. SVP-Sales & Bus. Development | 0.03% (114492) | MTG / |
| Sperber Julie K. VP-Chief Accounting Officer | 0.02% (76561) | MTG / |
| LEHMAN MICHAEL E | 0.01% (22989) | MTG / SLH / |
| HOLT TIMOTHY A | 0.01% (20000) | MTG / SFG / VRTS / |
| Arrigoni Daniel A. | 0.01% (20000) | MTG / |
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