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NYSE: MTG
Mgic Investment Corp Stock Forecast, Predictions & Price Target

Analyst price target for MTG

Based on 5 analysts offering 12 month price targets for Mgic Investment Corp.
Min Forecast
$21.00-6.29%
Avg Forecast
$22.60+0.85%
Max Forecast
$25.00+11.56%

Should I buy or sell MTG stock?

Based on 5 analysts offering ratings for Mgic Investment Corp.
Buy
Strong Buy
1 analysts 20%
Buy
1 analysts 20%
Hold
3 analysts 60%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MTG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-09
lockedlocked$00.00+00.00%2024-06-03
lockedlocked$00.00+00.00%2024-05-22
lockedlocked$00.00+00.00%2024-02-02
lockedlocked$00.00+00.00%2024-02-02

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Forecast return on equity

Is MTG forecast to generate an efficient return?
Company
14.94%
Industry
10.97%
Market
63.35%
MTG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MTG forecast to generate an efficient return on assets?
Company
11.67%
Industry
5.22%
MTG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MTG earnings per share forecast

What is MTG's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$2.52-3.94%
Avg 2 year Forecast
$2.60-0.76%
Avg 3 year Forecast
$2.86+9.16%
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MTG revenue forecast

What is MTG's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$1.2B+5%
Avg 2 year Forecast
$1.3B+10.13%
Avg 3 year Forecast
$1.4B+16.02%
MTG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MTG earnings growth forecast

How is MTG forecast to perform vs Insurance - Specialty companies and vs the US market?
Company
0.46%
Industry
34.85%
Market
20.68%
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MTG revenue growth forecast

How is MTG forecast to perform vs Insurance - Specialty companies and vs the US market?
Company
5.05%
Industry
8.31%
Market
9.96%
MTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MTG vs Specialty Insurance Stocks

TickerPricePrice TargetUp/downsideConsensus
MTG$22.41$22.60+0.85%Buy
AXS$70.58$78.00+10.51%Buy
FAF$56.36$63.33+12.37%Buy
ESNT$58.72$61.80+5.25%Buy
ACT$31.61$33.67+6.51%Hold

Mgic Investment Stock Forecast FAQ

Is Mgic Investment Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: MTG) stock is to Buy MTG stock.

Out of 5 analysts, 1 (20%) are recommending MTG as a Strong Buy, 1 (20%) are recommending MTG as a Buy, 3 (60%) are recommending MTG as a Hold, 0 (0%) are recommending MTG as a Sell, and 0 (0%) are recommending MTG as a Strong Sell.

If you're new to stock investing, here's how to buy Mgic Investment stock.

What is MTG's earnings growth forecast for 2024-2026?

(NYSE: MTG) Mgic Investment's forecast annual earnings growth rate of 0.46% is not forecast to beat the US Insurance - Specialty industry's average forecast earnings growth rate of 34.85%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.68%.

Mgic Investment's earnings in 2024 is $732,499,000.On average, 3 Wall Street analysts forecast MTG's earnings for 2024 to be $670,920,052, with the lowest MTG earnings forecast at $661,136,301, and the highest MTG earnings forecast at $679,797,406. On average, 3 Wall Street analysts forecast MTG's earnings for 2025 to be $693,126,767, with the lowest MTG earnings forecast at $682,463,278, and the highest MTG earnings forecast at $706,456,128.

In 2026, MTG is forecast to generate $762,439,443 in earnings, with the lowest earnings forecast at $762,439,443 and the highest earnings forecast at $762,439,443.

What is MTG's revenue growth forecast for 2024-2026?

(NYSE: MTG) Mgic Investment's forecast annual revenue growth rate of 5.05% is not forecast to beat the US Insurance - Specialty industry's average forecast revenue growth rate of 8.31%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.96%.

Mgic Investment's revenue in 2024 is $1,165,498,000.On average, 2 Wall Street analysts forecast MTG's revenue for 2024 to be $326,240,106,836, with the lowest MTG revenue forecast at $325,982,850,170, and the highest MTG revenue forecast at $326,497,363,501. On average, 2 Wall Street analysts forecast MTG's revenue for 2025 to be $342,195,351,833, with the lowest MTG revenue forecast at $341,898,107,085, and the highest MTG revenue forecast at $342,492,596,581.

In 2026, MTG is forecast to generate $360,489,899,668 in revenue, with the lowest revenue forecast at $360,489,899,668 and the highest revenue forecast at $360,489,899,668.

What is MTG's forecast return on assets (ROA) for 2024-2026?

(NYSE: MTG) forecast ROA is 11.67%, which is higher than the forecast US Insurance - Specialty industry average of 5.22%.

What is MTG's Price Target?

According to 5 Wall Street analysts that have issued a 1 year MTG price target, the average MTG price target is $22.60, with the highest MTG stock price forecast at $25.00 and the lowest MTG stock price forecast at $21.00.

On average, Wall Street analysts predict that Mgic Investment's share price could reach $22.60 by Jul 9, 2025. The average Mgic Investment stock price prediction forecasts a potential upside of 0.85% from the current MTG share price of $22.41.

What is MTG's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: MTG) Mgic Investment's current Earnings Per Share (EPS) is $2.62. On average, analysts forecast that MTG's EPS will be $2.52 for 2024, with the lowest EPS forecast at $2.48, and the highest EPS forecast at $2.55. On average, analysts forecast that MTG's EPS will be $2.60 for 2025, with the lowest EPS forecast at $2.56, and the highest EPS forecast at $2.65. In 2026, MTG's EPS is forecast to hit $2.86 (min: $2.86, max: $2.86).

What is MTG's forecast return on equity (ROE) for 2024-2026?

(NYSE: MTG) forecast ROE is 14.94%, which is considered weak.
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