MTG

MGIC Investment Corporation

Financial Services · $5.3B market cap

Verdict

Share price

$26.95

close of Oct 3, 2026

Fair value

$66.24

Sticker Price

Payback Price

$26.50

buy price

Undervalued

MTG is Undervalued: at $26.95 it trades 59% below its fair value of $66.24. Its buy price (Payback Price) is $26.50, 2% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.0% a year✗
Equity per share growth6.4% a year✗
Sales growth-1.5% a year✗
Free cash flow growth5.3% a year✗
Return on invested capital12.0%✓

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Superinvestors

None of the investors we track holds MTG right now. In Q1 2026, 1 sold out. Who we track

Moves in Q1 2026

Sold out: First Eagle Investment Management

Insider activity

Since Jun 25, 2026: no open-market purchases, 6 sales worth $8.0M and 13 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About MGIC Investment Corporation

MGIC Investment Corporation, through its various subsidiaries, provides private mortgage insurance alongside a range of other mortgage credit risk management solutions and ancillary services. These offerings are available to lenders and government-sponsored entities across the United States, Puerto Rico, and Guam. A core product is their primary mortgage insurance, designed to protect individual loans against…

Insurance - Specialty

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works