MGIC Investment (MTG)
Market Price (6/18/2026): $26.26 | Market Cap: $5.7 BilSector: Financials | Industry: Reinsurance
MGIC Investment (MTG)
Market Price (6/18/2026): $26.26Market Cap: $5.7 BilSector: FinancialsIndustry: Reinsurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 12% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -93% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 59% Stock buyback supportStock Buyback 3Y Total is 1.8 Bil Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include Future of Housing & Real Estate. Themes include Affordable Homeownership, and Real Estate Risk Management. | Weak multi-year price returns2Y Excs Rtn is -6.3% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%, Rev Chg QQuarterly Revenue Change % is -3.0% Key risksMTG key risks include [1] housing market downturns driving higher claim payouts, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 12% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -93% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 59% |
| Stock buyback supportStock Buyback 3Y Total is 1.8 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Future of Housing & Real Estate. Themes include Affordable Homeownership, and Real Estate Risk Management. |
| Weak multi-year price returns2Y Excs Rtn is -6.3% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%, Rev Chg QQuarterly Revenue Change % is -3.0% |
| Key risksMTG key risks include [1] housing market downturns driving higher claim payouts, Show more. |
Qualitative Assessment
AI Analysis | Feedback
MGIC Investment (MTG) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. MGIC Investment missed revenue estimates and experienced increased loss costs in Q1 2026. The company reported total revenues of $297.1 million, falling short of analyst estimates by approximately 1% to 3% and representing a 3.0% decline year-over-year. Net income for Q1 2026 decreased to $165.3 million from $185.5 million in the prior year, primarily due to a significant rise in loss costs, which increased to $33.2 million from $9.6 million a year earlier.
2. New insurance written (NIW) by MGIC and across the industry declined in Q1 2026. MGIC's new insurance written for the first quarter of 2026 was $14.4 billion, a 16% decrease compared to $17.1 billion in Q4 2025. This trend was consistent across the private mortgage insurance sector, which collectively wrote 13% less business quarter-over-quarter.
Show more
MGIC Investment (MTG) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. MGIC Investment missed revenue estimates and experienced increased loss costs in Q1 2026. The company reported total revenues of $297.1 million, falling short of analyst estimates by approximately 1% to 3% and representing a 3.0% decline year-over-year. Net income for Q1 2026 decreased to $165.3 million from $185.5 million in the prior year, primarily due to a significant rise in loss costs, which increased to $33.2 million from $9.6 million a year earlier.
2. New insurance written (NIW) by MGIC and across the industry declined in Q1 2026. MGIC's new insurance written for the first quarter of 2026 was $14.4 billion, a 16% decrease compared to $17.1 billion in Q4 2025. This trend was consistent across the private mortgage insurance sector, which collectively wrote 13% less business quarter-over-quarter.
3. Persistent mortgage rate volatility and housing affordability concerns dampened market activity. Throughout Q1 2026, mortgage rates remained volatile, fluctuating in response to economic data, inflation, and labor market strength. By early April, the average 30-year fixed rate was approximately 6.4% to 6.5%. High homeownership costs, consuming around 30.3% of a typical worker's income, contributed to a cautious buyer sentiment and pressured new business volume for mortgage insurers.
4. Analysts lowered price targets and expressed cautious sentiment for MGIC Investment. Following the Q1 2026 results and in the period leading up to them, several analysts adjusted their outlook for MTG. UBS Group reduced its price target from $29.50 to $28.00 in March 2026, and Barclays lowered its target from $29.00 to $28.00 in May 2026. The average target price from analysts is $28.25, reflecting mixed views with caution around slow mortgage origination and potential credit deterioration.
Show less
Stock Movement Drivers
Fundamental Drivers
The -0.5% change in MTG stock from 2/28/2026 to 6/17/2026 was primarily driven by a -2.0% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.38 | 26.25 | -0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,214 | 1,204 | -0.8% |
| Net Income Margin (%) | 60.8% | 59.6% | -2.0% |
| P/E Multiple | 7.9 | 7.9 | -0.5% |
| Shares Outstanding (Mil) | 222 | 216 | 2.8% |
| Cumulative Contribution | -0.5% |
Market Drivers
2/28/2026 to 6/17/2026| Return | Correlation | |
|---|---|---|
| MTG | -0.5% | |
| Market (SPY) | 8.3% | 4.6% |
| Sector (XLF) | 5.6% | 34.7% |
Fundamental Drivers
The -6.3% change in MTG stock from 11/30/2025 to 6/17/2026 was primarily driven by a -7.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.03 | 26.25 | -6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,216 | 1,204 | -1.0% |
| Net Income Margin (%) | 62.0% | 59.6% | -3.8% |
| P/E Multiple | 8.5 | 7.9 | -7.4% |
| Shares Outstanding (Mil) | 229 | 216 | 6.1% |
| Cumulative Contribution | -6.3% |
Market Drivers
11/30/2025 to 6/17/2026| Return | Correlation | |
|---|---|---|
| MTG | -6.3% | |
| Market (SPY) | 9.0% | 8.4% |
| Sector (XLF) | 2.2% | 40.3% |
Fundamental Drivers
The 1.5% change in MTG stock from 5/31/2025 to 6/17/2026 was primarily driven by a 13.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.87 | 26.25 | 1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,220 | 1,204 | -1.2% |
| Net Income Margin (%) | 63.5% | 59.6% | -6.1% |
| P/E Multiple | 8.2 | 7.9 | -3.1% |
| Shares Outstanding (Mil) | 244 | 216 | 13.0% |
| Cumulative Contribution | 1.5% |
Market Drivers
5/31/2025 to 6/17/2026| Return | Correlation | |
|---|---|---|
| MTG | 1.5% | |
| Market (SPY) | 27.2% | 12.8% |
| Sector (XLF) | 7.7% | 43.7% |
Fundamental Drivers
The 85.8% change in MTG stock from 5/31/2023 to 6/17/2026 was primarily driven by a 62.3% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.13 | 26.25 | 85.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,162 | 1,204 | 3.6% |
| Net Income Margin (%) | 72.7% | 59.6% | -18.0% |
| P/E Multiple | 4.9 | 7.9 | 62.3% |
| Shares Outstanding (Mil) | 291 | 216 | 34.6% |
| Cumulative Contribution | 85.8% |
Market Drivers
5/31/2023 to 6/17/2026| Return | Correlation | |
|---|---|---|
| MTG | 85.8% | |
| Market (SPY) | 84.3% | 40.7% |
| Sector (XLF) | 78.6% | 61.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MTG Return | 17% | -7% | 52% | 26% | 26% | -9% | 139% |
| Peers Return | 9% | 13% | 25% | 23% | 7% | 3% | 108% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| MTG Win Rate | 58% | 58% | 75% | 75% | 75% | 33% | |
| Peers Win Rate | 57% | 50% | 63% | 55% | 55% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MTG Max Drawdown | -19% | -30% | -13% | -13% | -12% | -15% | |
| Peers Max Drawdown | -22% | -22% | -16% | -14% | -18% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RGA, RNR, GLRE, EG, MTG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/17/2026 (YTD)
How Low Can It Go
| Event | MTG | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.6% | -6.7% |
| % Gain to Breakeven | 13.2% | 7.1% |
| Time to Breakeven | 20 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.6% | -24.5% |
| % Gain to Breakeven | 26.0% | 32.4% |
| Time to Breakeven | 49 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -62.6% | -33.7% |
| % Gain to Breakeven | 167.2% | 50.9% |
| Time to Breakeven | 279 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.5% | -19.2% |
| % Gain to Breakeven | 40.0% | 23.8% |
| Time to Breakeven | 57 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -48.2% | -12.2% |
| % Gain to Breakeven | 92.9% | 13.9% |
| Time to Breakeven | 373 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -32.9% | -6.8% |
| % Gain to Breakeven | 48.9% | 7.3% |
| Time to Breakeven | 267 days | 15 days |
In The Past
MGIC Investment's stock fell -8.6% during the 2025 US Tariff Shock. Such a loss loss requires a 9.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | MTG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.6% | -24.5% |
| % Gain to Breakeven | 26.0% | 32.4% |
| Time to Breakeven | 49 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -62.6% | -33.7% |
| % Gain to Breakeven | 167.2% | 50.9% |
| Time to Breakeven | 279 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.5% | -19.2% |
| % Gain to Breakeven | 40.0% | 23.8% |
| Time to Breakeven | 57 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -48.2% | -12.2% |
| % Gain to Breakeven | 92.9% | 13.9% |
| Time to Breakeven | 373 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -32.9% | -6.8% |
| % Gain to Breakeven | 48.9% | 7.3% |
| Time to Breakeven | 267 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -60.9% | -17.9% |
| % Gain to Breakeven | 155.8% | 21.8% |
| Time to Breakeven | 99 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -39.9% | -15.4% |
| % Gain to Breakeven | 66.3% | 18.2% |
| Time to Breakeven | 191 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -96.4% | -53.4% |
| % Gain to Breakeven | 2678.6% | 114.4% |
| Time to Breakeven | 5487 days | 1085 days |
In The Past
MGIC Investment's stock fell -8.6% during the 2025 US Tariff Shock. Such a loss loss requires a 9.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MGIC Investment (MTG)
MGIC Investment Corporation (MTG) is a financial services company primarily focused on providing private mortgage insurance and other mortgage credit risk management solutions. Operating across the United States, Puerto Rico, and Guam, MGIC helps mitigate the financial risks associated with residential mortgage lending for its clients.
The core offering from MGIC is primary mortgage insurance, which safeguards lenders against potential losses if a borrower defaults on an individual home loan. This insurance covers the unpaid principal, delinquent interest, and various costs related to a default and subsequent foreclosure. Beyond this, the company also offers contract underwriting services and reinsurance, further supporting the mortgage industry's risk management needs.
MGIC serves a broad spectrum of residential mortgage loan originators. Its clientele includes savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers, among other lenders. By providing essential risk protection, MGIC enables these entities to offer home loans more securely, ultimately facilitating access to homeownership.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe MGIC Investment (MTG):
- They're like Allstate for mortgage lenders, providing insurance to protect lenders specifically against homeowners defaulting on their loans.
- They're like the Fannie Mae of mortgage insurance, specializing in providing the risk coverage that helps make loans acceptable to lenders and the secondary market.
AI Analysis | Feedback
- Private Mortgage Insurance: Provides mortgage default protection on individual loans, covering unpaid principal, delinquent interest, and various foreclosure-related expenses.
- Contract Underwriting Services: Offers specialized services for evaluating and approving mortgage loan applications on behalf of lenders.
- Reinsurance: Provides insurance to other insurance companies, allowing them to transfer a portion of their assumed risks.
AI Analysis | Feedback
MGIC Investment (MTG) sells primarily to other companies, specifically financial institutions and government sponsored entities involved in originating residential mortgage loans.
Due to the nature of the private mortgage insurance business, MGIC Investment serves a broad base of lenders rather than having a few publicly identified "major customers" by name. Specific customer names are not typically disclosed. However, its customer base consists of the following categories of organizations:
- Savings institutions
- Commercial banks
- Mortgage brokers
- Credit unions
- Mortgage bankers
- Other lenders
- Government sponsored entities
AI Analysis | Feedback
AI Analysis | Feedback
Timothy J. Mattke Chief Executive Officer
Timothy J. Mattke is the chief executive officer of MGIC Investment Corporation, having joined the company in 2006. Prior to his appointment as CEO, he served as executive vice president and chief financial officer from 2014 to 2019, and as controller from 2009 to 2014. Before joining MGIC, Mr. Mattke was an audit manager with PricewaterhouseCoopers LLP. He holds a bachelor's in business administration and an MA in accountancy from the University of Wisconsin–Madison and is a CPA.
Nathan Colson Executive Vice President, Chief Financial Officer and Chief Risk Officer
Nathan Colson is an executive vice president, the chief financial officer, and the chief risk officer of MGIC Investment Corporation. He joined the company in 2014. Before becoming CFO, he served as vice president of finance from January 2019 through July 2019 and as assistant treasurer from 2016 to 2019. Mr. Colson also held positions within MGIC's Risk Management department. Prior to joining MGIC, he was a senior audit manager with PricewaterhouseCoopers LLP. He holds a BS in accounting from Marquette University and an MBA from the University of Chicago and is a CPA.
Sal Miosi President and Chief Operating Officer
Sal Miosi is the president and chief operating officer of MGIC Investment Corporation. He has been with the company since 1988. Before his current role, he served as executive vice president of business strategies and operations from 2017 to 2019, and as senior vice president of business strategies and operations from 2015 to 2017. Mr. Miosi also held positions as vice president of marketing from 2004 to 2015, and various leadership roles in technology, sales, and marketing. He earned a BBA from the University of Wisconsin–Milwaukee and an MBA from Marquette University.
Paula Maggio Executive Vice President, General Counsel and Secretary
Paula Maggio serves as an executive vice president, the general counsel, and secretary of MGIC Investment Corporation, having joined in 2018. Prior to MGIC, Ms. Maggio held the same role for two years at Retail Properties of America, Inc., and spent 15 years in various leadership positions at Strategic Hotels & Resorts, Inc. Earlier in her career, she was in private practice with the law firm Altheimer & Gray. Ms. Maggio holds a BA and JD from the University of Illinois at Urbana–Champaign.
Danny Garcia-Velez Senior Vice President of Sales and Business Development
Danny Garcia-Velez is MGIC's senior vice president of sales and business development. He joined the company in 2017 as a senior marketing program manager. Before being appointed SVP in 2023, he served as vice president of business development. Prior to his time at MGIC, Mr. Garcia-Velez was the vice president of programs and counseling for the Homeownership Preservation Foundation (HPF). He holds a BS in urban planning from Metropolitan State University.
AI Analysis | Feedback
Key Risks to MGIC Investment (MTG)
-
Economic and Housing Market Volatility: MGIC's business is highly dependent on the health of the U.S. housing market and broader economic conditions. Economic downturns, fluctuations in interest rates, and declines in home prices can directly reduce the demand for private mortgage insurance and lead to increased loan delinquencies and claims. For example, elevated or rapidly rising mortgage rates compress purchase and refinance volumes, thereby reducing the demand for new mortgage insurance. An increase in overall mortgage delinquencies directly expands the pool of loans at risk of default and claims.
-
Regulatory and Legislative Changes: The company faces significant risks from changes in government regulations and legislation, particularly those concerning government-sponsored entities (GSEs) like Fannie Mae and Freddie Mac, as well as updates to Private Mortgage Insurer Eligibility Requirements (PMIERs). Such changes could potentially decrease revenues, increase losses, or necessitate higher capital and reserve requirements, impacting MGIC's financial performance.
-
Intense Competition: The private mortgage insurance industry is highly competitive, with MGIC contending with both other private insurers and government agencies. This competitive environment can lead to pricing pressures, which may adversely affect MGIC's profitability and market share.
AI Analysis | Feedback
AI Analysis | Feedback
The addressable market for MGIC Investment's primary product, private mortgage insurance, is substantial within the regions it serves, predominantly the United States, Puerto Rico, and Guam.
The global private mortgage insurance market was approximately $6.24 billion in 2024 and is projected to reach $9.71 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.5%. Another projection estimates the global market size to grow from approximately $6.1 billion in 2023 to an estimated $12.4 billion by 2032, with a CAGR of 7.9%. North America holds the largest share of the private mortgage insurance market as of 2024, with the United States being a primary driver of this market's growth.
In terms of the volume of mortgages covered, the private mortgage insurance industry in the United States insured nearly $1.6 trillion in outstanding mortgages with active private mortgage insurance coverage by the end of 2023 and 2024. Furthermore, in 2024, the U.S. private mortgage insurance industry supported approximately $300 billion in mortgage originations. While specific market revenue figures for Puerto Rico and Guam are not separately identified in the available data, these regions are part of MGIC Investment's operational scope, contributing to the broader market for private mortgage insurance.
AI Analysis | Feedback
For MGIC Investment (MTG), a provider of private mortgage insurance, expected drivers of future revenue growth over the next 2-3 years are primarily tied to the dynamics of the housing and mortgage markets, as well as the company's strategic management of its insurance portfolio and reinsurance programs.
Here are 3-5 expected drivers of future revenue growth:
- Overall Mortgage Origination Volume and Market Size: MGIC's revenue growth is heavily dependent on the total volume of new residential mortgage loans originated, as this directly translates into opportunities for new private mortgage insurance policies. While consensus forecasts suggest the mortgage insurance market in 2026 will be similar in size to 2025 with elevated mortgage rates, any growth in the overall market would positively impact MGIC's new business opportunities.
- Growth in New Insurance Written (NIW) and Maintenance of Insurance in Force (IIF): Sustained writing of new mortgage insurance business is crucial for revenue growth. MGIC reported an 8% increase in new business written for the full year 2025, contributing to a 3% year-over-year growth in direct primary insurance in force to over $303 billion. Although insurance in force is expected to remain relatively flat in 2026, continued strong new insurance written is necessary to offset policies that run off and to drive long-term portfolio expansion.
- Impact of Mortgage Rates on Refinance Activity and Persistency: Future changes in mortgage rates are a significant driver. A decrease in mortgage rates more substantial than currently predicted could stimulate increased refinance volumes, which would benefit the overall mortgage insurance market. However, this increased refinance activity could also be partially offset by lower persistency, meaning existing policies are paid off or terminated sooner.
- Effective Management of the In-Force Portfolio and Premium Yield: The revenue generated from the existing insurance in force is a substantial component of MGIC's total revenue. Maintaining a stable in-force premium yield, which was near 38 basis points in 2025 and expected to remain so in 2026, is essential. Efficient management of this portfolio ensures consistent premium income.
- Strategic Reinsurance Program Structure and Cost Management: The structure and ongoing costs of MGIC's reinsurance program directly influence net premiums earned. Renegotiations of quota share treaties, which reduced ongoing costs by approximately 40% starting in 2026, can enhance net premiums written and earned. The amount of premiums ceded under these transactions, and the associated profit commissions, directly impact the company's reported revenue.
AI Analysis | Feedback
Share Repurchases
- In 2025, MGIC Investment Corporation returned approximately $915 million in capital to shareholders, which included significant share repurchases.
- The company repurchased 9.5 million shares for $262.3 million in 2025, with 6.8 million in Q4 2025 and an additional 2.7 million in January 2026.
- In April 2025, MGIC's board of directors authorized a new share repurchase program, allowing the company to buy back up to $750 million of its common stock through December 31, 2027.
Share Issuance
- No significant share issuances (e.g., public offerings) by MGIC Investment Corporation were identified during the last 3-5 years, with activity primarily focused on share repurchases and dividends.
Capital Expenditures
- MGIC Investment Corporation has been focusing on technology and innovation spending to maintain and enhance its competitive position.
- The company's investment in its Information Security Program and risk management frameworks demonstrates its commitment to leveraging technological advancements for operational efficiencies and enhanced customer experiences.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 211.83 |
| Mkt Cap | 12.9 |
| Rev LTM | 11,499 |
| Op Inc LTM | - |
| FCF LTM | 2,789 |
| FCF 3Y Avg | 3,340 |
| CFO LTM | 2,789 |
| CFO 3Y Avg | 3,340 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.2% |
| Rev Chg 3Y Avg | 11.1% |
| Rev Chg Q | -6.8% |
| QoQ Delta Rev Chg LTM | -1.7% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 36.1% |
| CFO/Rev 3Y Avg | 28.8% |
| FCF/Rev LTM | 36.1% |
| FCF/Rev 3Y Avg | 28.8% |
Price Behavior
| Market Price | $26.25 | |
| Market Cap ($ Bil) | 5.7 | |
| First Trading Date | 08/07/1991 | |
| Distance from 52W High | -11.1% | |
| 50 Days | 200 Days | |
| DMA Price | $26.50 | $27.03 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -1.0% | -2.9% |
| 3M | 1YR | |
| Volatility | 24.8% | 23.8% |
| Downside Capture | -30.40 | 20.47 |
| Upside Capture | -10.13 | 16.82 |
| Correlation (SPY) | 0.9% | 12.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.39 | 0.09 | 0.24 | 0.29 | 0.33 | 0.65 |
| Up Beta | 2.50 | 0.43 | 0.25 | 0.54 | 0.74 | 0.75 |
| Down Beta | 0.70 | 0.20 | 0.41 | 0.21 | 0.07 | 0.68 |
| Up Capture | -53% | -18% | 4% | 5% | 15% | 31% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 22 | 35 | 68 | 135 | 415 |
| Down Capture | -7% | -14% | 36% | 44% | 42% | 77% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 18 | 27 | 54 | 110 | 326 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MTG | |
|---|---|---|---|---|
| MTG | -0.4% | 23.9% | -0.07 | - |
| Sector ETF (XLF) | 8.7% | 14.6% | 0.35 | 43.8% |
| Equity (SPY) | 24.5% | 12.4% | 1.48 | 12.2% |
| Gold (GLD) | 24.7% | 27.5% | 0.79 | -11.2% |
| Commodities (DBC) | 22.7% | 18.9% | 0.95 | -20.4% |
| Real Estate (VNQ) | 10.6% | 13.8% | 0.49 | 26.4% |
| Bitcoin (BTCUSD) | -38.7% | 42.4% | -1.04 | -7.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MTG | |
|---|---|---|---|---|
| MTG | 15.5% | 25.3% | 0.55 | - |
| Sector ETF (XLF) | 9.6% | 18.6% | 0.39 | 68.1% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 53.8% |
| Gold (GLD) | 16.9% | 18.3% | 0.75 | -1.4% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 8.4% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 53.0% |
| Bitcoin (BTCUSD) | 12.3% | 54.2% | 0.42 | 21.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MTG | |
|---|---|---|---|---|
| MTG | 16.5% | 37.4% | 0.52 | - |
| Sector ETF (XLF) | 13.0% | 22.2% | 0.54 | 65.9% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 54.2% |
| Gold (GLD) | 12.4% | 16.1% | 0.63 | -2.5% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 18.7% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 53.0% |
| Bitcoin (BTCUSD) | 60.4% | 66.8% | 1.00 | 13.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/29/2026 | -9.1% | -8.9% | -12.9% |
| 2/2/2026 | -5.2% | -3.4% | -1.8% |
| 10/29/2025 | 4.3% | 6.5% | 8.8% |
| 7/30/2025 | 2.1% | 6.5% | 9.7% |
| 4/30/2025 | 1.6% | 5.2% | 6.7% |
| 2/3/2025 | 1.8% | -0.5% | -5.1% |
| 11/4/2024 | 1.4% | 6.5% | 9.5% |
| 7/31/2024 | -1.3% | -5.7% | 1.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 14 |
| # Negative | 10 | 11 | 10 |
| Median Positive | 1.7% | 6.5% | 7.2% |
| Median Negative | -3.2% | -3.6% | -2.3% |
| Max Positive | 4.4% | 9.7% | 16.4% |
| Max Negative | -9.1% | -10.7% | -12.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/29/2026 | -9.1% | -8.9% | -12.9% |
| 2/2/2026 | -5.2% | -3.4% | -1.8% |
| 10/29/2025 | 4.3% | 6.5% | 8.8% |
| 7/30/2025 | 2.1% | 6.5% | 9.7% |
| 4/30/2025 | 1.6% | 5.2% | 6.7% |
| 2/3/2025 | 1.8% | -0.5% | -5.1% |
| 11/4/2024 | 1.4% | 6.5% | 9.5% |
| 7/31/2024 | -1.3% | -5.7% | 1.9% |
| 5/1/2024 | -0.2% | 2.2% | 2.7% |
| 1/31/2024 | 0.7% | -3.9% | 0.5% |
| 10/31/2023 | 0.5% | 4.6% | 5.1% |
| 8/2/2023 | 4.4% | 7.5% | 4.7% |
| 5/3/2023 | -1.3% | 1.4% | 7.6% |
| 2/1/2023 | 0.4% | -1.9% | -1.6% |
| 11/2/2022 | -0.7% | -1.1% | -0.7% |
| 8/3/2022 | 1.9% | 3.9% | -1.4% |
| 5/4/2022 | -2.5% | -5.4% | 0.4% |
| 2/2/2022 | 0.4% | 4.9% | -3.1% |
| 11/3/2021 | -4.0% | -3.6% | -11.0% |
| 8/4/2021 | 3.8% | 9.6% | 13.8% |
| 5/5/2021 | -5.4% | -10.7% | -1.4% |
| 2/23/2021 | 0.6% | -1.4% | -2.9% |
| 11/4/2020 | -4.8% | 7.0% | 16.4% |
| 8/4/2020 | 2.2% | 9.7% | 16.1% |
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 14 |
| # Negative | 10 | 11 | 10 |
| Median Positive | 1.7% | 6.5% | 7.2% |
| Median Negative | -3.2% | -3.6% | -2.3% |
| Max Positive | 4.4% | 9.7% | 16.4% |
| Max Negative | -9.1% | -10.7% | -12.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/24/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
| 06/30/2019 | 08/05/2019 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Dividends | 0.15 | ||||||
| 2028 Share Repurchases | 750.00 Mil | ||||||
Prior: Q4 2025 Earnings Reported 2/2/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Effective Tax Rate | 20.0% | 21.0% | 22.0% | ||||
| 2026 Operating Expenses | 260.00 Mil | 265.00 Mil | 270.00 Mil | ||||
| 2026 Capital Expenditures | 15.00 Mil | 17.50 Mil | 20.00 Mil | ||||
Insider Activity
Updated 6/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Miosi, Salvatore A | President & COO | Direct | Sell | 6092026 | 25.38 | 30,000 | 761,400 | 14,236,946 | Form |
| 2 | Maggio, Paula C | EVP and General Counsel | Direct | Sell | 6012026 | 25.55 | 20,937 | 534,940 | 4,333,783 | Form |
| 3 | Mattke, Timothy J | Chief Executive Officer | Direct | Sell | 4032026 | 26.49 | 139,202 | 3,687,879 | 29,619,317 | Form |
| 4 | Miosi, Salvatore A | President & COO | Direct | Sell | 4022026 | 26.25 | 10,931 | 286,982 | 15,514,837 | Form |
| 5 | Miosi, Salvatore A | President & COO | Direct | Sell | 3032026 | 27.04 | 30,000 | 811,050 | 19,768,083 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Miosi, Salvatore A | President & COO | Direct | Sell | 6092026 | 25.38 | 30,000 | 761,400 | 14,236,946 | Form |
| 2 | Maggio, Paula C | EVP and General Counsel | Direct | Sell | 6012026 | 25.55 | 20,937 | 534,940 | 4,333,783 | Form |
| 3 | Mattke, Timothy J | Chief Executive Officer | Direct | Sell | 4032026 | 26.49 | 139,202 | 3,687,879 | 29,619,317 | Form |
| 4 | Miosi, Salvatore A | President & COO | Direct | Sell | 4022026 | 26.25 | 10,931 | 286,982 | 15,514,837 | Form |
| 5 | Miosi, Salvatore A | President & COO | Direct | Sell | 3032026 | 27.04 | 30,000 | 811,050 | 19,768,083 | Form |
| 6 | Maggio, Paula C | EVP and General Counsel | Direct | Sell | 2092026 | 27.51 | 20,000 | 550,160 | 3,154,856 | Form |
| 7 | Miosi, Salvatore A | President & COO | Direct | Sell | 2032026 | 27.27 | 30,000 | 817,980 | 12,385,454 | Form |
| 8 | Mattke, Timothy J | Chief Executive Officer | Direct | Sell | 1142026 | 26.51 | 139,203 | 3,689,850 | 21,804,326 | Form |
| 9 | Miosi, Salvatore A | President & COO | Direct | Sell | 1052026 | 29.13 | 30,000 | 873,960 | 2,895,760 | Form |
| 10 | Miosi, Salvatore A | President & COO | Direct | Sell | 12022025 | 28.40 | 30,000 | 852,030 | 3,675,128 | Form |
| 11 | Miosi, Salvatore A | President & COO | Direct | Sell | 11042025 | 27.52 | 30,000 | 825,600 | 4,386,725 | Form |
| 12 | Maggio, Paula C | EVP and General Counsel | Direct | Sell | 11032025 | 27.44 | 20,000 | 548,820 | 3,221,427 | Form |
| 13 | Mattke, Timothy J | Chief Executive Officer | Direct | Sell | 10082025 | 27.09 | 139,203 | 3,771,677 | 26,059,546 | Form |
| 14 | Miosi, Salvatore A | President & COO | Direct | Sell | 10022025 | 28.15 | 30,000 | 844,632 | 5,332,482 | Form |
| 15 | Miosi, Salvatore A | President & COO | Direct | Sell | 9032025 | 27.66 | 30,000 | 829,890 | 6,069,300 | Form |
| 16 | Mattke, Timothy J | Chief Executive Officer | Direct | Sell | 8082025 | 26.54 | 139,203 | 3,693,988 | 29,216,758 | Form |
| 17 | Maggio, Paula C | EVP and General Counsel | Direct | Sell | 8052025 | 26.54 | 20,000 | 530,800 | 3,646,455 | Form |
| 18 | Miosi, Salvatore A | President & COO | Direct | Sell | 8042025 | 26.22 | 30,000 | 786,600 | 6,539,304 | Form |
| 19 | Miosi, Salvatore A | President & COO | Direct | Sell | 7022025 | 28.15 | 30,000 | 844,560 | 7,865,707 | Form |
| 20 | Miosi, Salvatore A | President & COO | Direct | Sell | 6062025 | 26.04 | 30,000 | 781,110 | 8,055,883 | Form |
| 21 | Maggio, Paula C | EVP and General Counsel | Direct | Sell | 6022025 | 26.49 | 20,000 | 529,728 | 4,168,818 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.