MGIC Investment Corp
In the published model solve dated 2026-Q2, anchored at $30.59, MGIC Investment Corp (MTG) is priced for 10.8% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• MGIC is a leading private mortgage insurer, taking the first-loss risk on low-down-payment home loans, and it is currently earning a return on equity around 14% while the price assumes something closer to 10%. • The biggest risk is the credit cycle: losses are low today, with a loss ratio near 14% and delinquency at 2.44%, but mortgage insurance is built to absorb a housing downturn the current benign numbers do not reflect. • Watch the capital return, where MGIC repurchased $192.6 million of
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492 institutional managers reported holding MTG in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 52%. 54 opened new positions that quarter. Held by Vanguard Group, BlackRock, Dimensional Fund Advisors, among others. On the short side, 9.6M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MTG has cut its share count 36.3% over the past five years, spending $2.56B on repurchases. It pays a dividend, and has for 7 years running, raised 6 years straight; the current rate is $0.06 a share annually. Cash returned over the past three years: $362.42M in dividends and $1.74B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at MTG over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MTG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +5.3% | -2.8% |
| 2023-11-01 | +1.2% | +13.4% |
| 2024-02-22 | -1.2% | +6.8% |
| 2024-05-02 | +1.1% | +5.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MTG's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-04-29 (items 2.02, 9.01); 2026-04-23 (items 5.07); 2026-02-02 (items 2.02, 9.01); 2025-12-15 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.