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MTG

MGIC InvestmentB
NYSE / Financial Services
Last Price
Quote time unavailable
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Current thesis
Strong Q2 profitability, higher NIW and insurance in force, excess capital, buybacks, and a higher dividend support the equity case. Q2 book value per share reached $24.27.
Posture
Constructive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-11-04 · AMC.
What can break
Higher seasonal delinquencies in the second half of 2026 could increase claims and loss ratios.
Momentum
49
Value
60
Sentiment
60
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $29.50 · Bull $33.00 · Bear $25.50Analysis 2026-08-03; returns require an exact persisted reference.
Earnings
2026-11-04 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-29 • Vendor: Data Vendor v1
Scores
As of 2026-10-28 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-03 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-28

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-28. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $30.83
Why
Momentum49 · Δ7d +5.8
Value60 · Δ7d -0.5
Sentiment60 · Δ7d -0.8
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Next scheduled catalyst: earnings 2026-11-04 · AMC.
  • • Value remains the lead driver in the composite, 7D delta -0.5.

Contradictions & invalidation

  • • Higher seasonal delinquencies in the second half of 2026 could increase claims and loss ratios.
  • • Mortgage-origination and purchase activity could weaken, limiting NIW growth.
  • • Delinquency increased to 2.37% from 2.21% a year earlier, management expects seasonal pressure in the second half, and favorable reserve development may not recur.

Catalyst clock

2026-11-04 · AMC

Mixed Q2 earnings digestion

Lead driver: Value · See fundamentals
Momentum
49
8% active weight
Current posture
7d trendImproving
Δ7d
+5.8
Δ21d
+0.6
Value
60
47% active weight
Current posture
7d trendFlat
Δ7d
-0.5
Δ21d
-0.4
Sentiment
60
45% active weight
Current posture
7d trendFlat
Δ7d
-0.8
Δ21d
-11.6
Why this grade

Composite grade B. Momentum 49.0 / Value 59.9 / Sentiment 60.0

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-03. Scenario method

B+
Bull case
25%
Probability
Target price
$33.00
Analysis reference price unavailable
Analysis 2026-08-03 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$29.50
Analysis reference price unavailable
Analysis 2026-08-03 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$25.50
Analysis reference price unavailable
Analysis 2026-08-03 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-29
Market Cap
$5.92B
Beta
0.83
Shares Out
205.13M
P/E (TTM)
9.5
P/S (TTM)
5.44
P/FCF (TTM)
9.85
Rev YoY
-2.9%
EPS YoY
+6.8%
Gross Margin
-
Op Margin
+77.0%
Net Debt
$270.62M
Current Ratio
3.02
As of 2026-10-28 • Updated nightlySource: Internal modelMethods & Data