Mgic Investment Corp (MTG) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
Mgic Investment Corp (MTG) stock forecast summary
On Oct. 16, 2026, MTG is rated Neutral: its 90-day Total forecast sits in the middle 30% of the 5172 stocks scored that day.
Mgic Investment Corp is a mid-cap company with a market capitalization of $5.71B. It ranks number 3 by market capitalization among the 7 Surety Insurance issuers in our coverage with a current forecast.
For MTG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How MTG ranks among 5172 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Mgic Investment Corp (MTG) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Surety Insurance peers listed below that report each metric.
Valuation & Market
| Metric | MTG | Rank |
|---|---|---|
| Market Cap | $5.71B | 3/7 |
| P/E Ratio | 8.73x | 3/6 |
| P/B Ratio | 1.14x | 2/6 |
| Dividend Yield | 2.36% | – |
| EPS | $3.19 | – |
| Book Value/Share | $24.44 | – |
| Revenue/Share | $5.83 | – |
| FCF/Share | $3.44 | – |
Profitability & Margins
| Metric | MTG | Rank |
|---|---|---|
| ROE | 14.1% | 3/6 |
| ROA | 10.8% | 1/7 |
| Net Margin | 59.2% | 1/7 |
| EBT Margin | 74.0% | 1/7 |
| Tax Rate | 20.0% | – |
Financial Health
| Metric | MTG | Rank |
|---|---|---|
| D/E Ratio | 0.30x | 6/6 |
| Financial Leverage | 1.30x | 6/6 |
Cash Flow
| Metric | MTG | Rank |
|---|---|---|
| Operating Cash Flow | $708M | 4/7 |
| Free Cash Flow | $706M | – |
| Capital Spending | -$2M | – |
| OCF Growth YoY | -8.3% | 5/5 |
| FCF Growth YoY | -8.3% | – |
| FCF/Sales | 59.1% | – |
| CapEx/Sales | 0.1% | – |
Operational Efficiency
| Metric | MTG | Rank |
|---|---|---|
| Asset Turnover | 0.18x | 2/7 |
| Fixed Assets Turnover | 37.8x | – |
Income Statement
| Metric | MTG | Rank |
|---|---|---|
| Total Revenue | $1.20B | 4/7 |
| Net Income | $708M | 2/7 |
Dividend & Shareholder Information
| Metric | MTG | Rank |
|---|---|---|
| Dividends Per Share | $0.66 | – |
| Payout Ratio | 20.7% | – |
| Shares Outstanding | 205M | – |
| Net Income Growth | -7.2% | 4/6 |
| EPS Growth | 8.9% | 2/6 |
Balance Sheet Highlights (USD millions)
| Cash & Short-term Investments | $207M | 3.2% of assets |
| Total Liabilities | $1.51B | 23.2% of assets |
MTG quarterly financials and insider trading
Mgic Investment Corp (MTG) industry peers
Companies classified under the same SEC industry code as Mgic Investment Corp (Surety Insurance): 7 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Mgic Investment Corp (MTG) stock news
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Mgic Investment Corp (MTG) stock forecast FAQ
What is the Mgic Investment Corp (MTG) stock forecast?
On Oct. 16, 2026, MTG is rated Neutral: its 90-day Total forecast sits in the middle 30% of the 5172 stocks scored that day.
How accurate are Mgic Investment Corp stock predictions?
For MTG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Mgic Investment Corp forecasts updated?
Mgic Investment Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Mgic Investment Corp's industry peers?
7 issuers in our coverage, MTG included, share the SEC industry code Surety Insurance. The largest are: Old Republic International Corp (ORI), Essent Group Ltd. (ESNT), Radian Group Inc (RDN), Assured Guaranty Ltd (AGO), Nmi Holdings, Inc. (NMIH), Mbia Inc (MBI).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.