Pulling SEC filings + quote and writing the call…

MGIC INVESTMENT CORP
Next earnings Jul 28, 2026 (after close) · consensus $0.77 EPS, $301M rev
Last earnings +0.5% on 2026-04-29
High-quality mortgage insurer at 8.3x earnings with 14% ROE, fortress capital and a buyback retiring 11% of shares a year — cheap and shareholder-friendly.
Sources: SEC EDGAR (CIK 0000876437, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/21/2026, 8:56:45 PM.
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Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
MGIC is a leading private mortgage insurer with $303.1 billion of primary insurance-in-force (IIF), helping low-down-payment borrowers achieve homeownership. The economics are excellent: FY2025 net income was $738M on $1.21B of revenue — a remarkable 60.8% net margin — with a 14.3% return on equity. Despite a 3.2% dip in net income, diluted EPS rose 8.7% to $3.14 because the company is aggressively retiring stock. The balance sheet is a fortress for an insurer: liabilities/equity is just 0.29x, equity is $5.15B, and cash grew 60.8% to $369M.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.19B | $1.17B | $1.16B | $1.21B | $1.21B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $635M | $865M | $713M | $763M | $738M |
| Diluted EPS | $1.85 | $2.79 | $2.49 | $2.89 | $3.14 |
| Net margin | 53.6% | 73.8% | 61.7% | 63.2% | 60.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1071 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 2 sales
| 2026-06-08 | Miosi Salvatore A President & COO | Sell | 30.0K @ $25.38 | $761K |
| 2026-05-29 | Maggio Paula C EVP and General Counsel | Sell | 20.9K @ $25.55 | $535K |
| 2026-05-21 | Zandi Mark Director | Award | 29.07 | |
| 2026-05-21 | Sculley Sheryl L. Director | Award | 134.28 | |
| 2026-05-21 | CULVER CURT S Director | Award | 29.07 | |
| 2026-05-21 | Hartzell Jay C. Director | Award | 200.68 | |
| 2026-05-21 | O'Leary-Gill Daniela Director | Award | 29.07 | |
| 2026-05-21 | Klein Martin P Director | Award | 36.70 |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.