MGIC Investment stock reports a Q2 EPS beat and buyback boost

Published on 10/05/2026 at 10:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MGIC Investment stock was last at USD 26.95 on October 2, 2026, while Q2 adjusted EPS reached USD 0.87. The consensus target is USD 30.60.

MTG, US5528481030, Illustration mit AI erstellt.

MGIC Investment (ISIN US5528481030) was last at USD 26.95 on the NYSE on October 2, 2026, with a daily gain of 2.20 percent. The mortgage insurer's second-quarter results showed adjusted EPS of USD 0.87 against consensus of USD 0.76, giving the stock a concrete earnings benchmark.

Q2 earnings beat expectations

StockTitan reported on July 29, 2026, that MGIC Investment generated USD 182.1 million in net income, or USD 0.86 in diluted EPS, during Q2 2026. Adjusted net operating income reached USD 183.7 million, or USD 0.87 per share, while new insurance written totaled USD 17.8 billion.

The earnings comparison is mixed rather than one-directional. MarketBeat said quarterly revenue was USD 295.39 million, down 2.9 percent year over year, even as EPS rose from USD 0.82 in the comparable period to USD 0.87.

Buybacks strengthen the per-share case

MGIC Investment repurchased 6.6 million shares for USD 176.6 million in Q2 2026, according to StockTitan. The board also authorized an additional USD 750.0 million repurchase program through December 31, 2028, while the third-quarter dividend increased to USD 0.17 per share from USD 0.15.

The capital-return figures matter because the company combines buybacks with a low reported payout ratio. MarketBeat listed an annualized dividend of USD 0.68 and a payout ratio of 21.25 percent.

Consensus target stays above USD 30

MarketBeat reported a Moderate Buy consensus from eight analysts and an average price target of USD 30.60. That target lies 13.5 percent above the USD 26.95 last price, while the published target range included USD 30.00 from Keefe, Bruyette & Woods and USD 32.00 from Royal Bank of Canada.

The valuation picture is defined by a USD 5.5 billion market capitalization and a 52-week range of USD 24.69 to USD 31.89. Trading volume reached 3,799,041 shares on October 2, 2026, compared with an average volume of 2,059,271 shares cited by MarketBeat.

MTG stock holds a wide yearly range

MTG was last at USD 26.95 on October 2, 2026, between the session low of USD 26.33 and the session high of USD 27.27. The stock therefore remains below its 52-week high of USD 31.89, while the Q2 EPS beat and the expanded buyback provide the main company-specific measures for assessing the shares.