RBC sets USD 32.00 target for MGIC Investment stock

Published on 10/20/2026 at 21:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC keeps its USD 32.00 target for MGIC Investment on October 12, 2026. MGIC Investment stock costs EUR 24.90 on October 20, 2026 at 8:52 p.m. CEST.

Analyst target and earnings date

RBC Capital maintained a Hold rating and set a USD 32.00 target on October 12, 2026.
MGIC Investment reported USD 295.39 million in second-quarter revenue and USD 0.87 adjusted earnings per share.
MGIC Investment stock cost EUR 24.90 at Lang & Schwarz on October 20, 2026 at 8:52 p.m. CEST.
Third-quarter results are scheduled for November 4, 2026.

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RBC Capital maintained a Hold rating on MGIC Investment and set a USD 32.00 price target on October 12, 2026, according to Markets Insider. The target is 14.37 percent above the USD 27.98 NYSE price cited for October 20, 2026. MGIC Investment stock was trading at EUR 24.90 at Lang & Schwarz on October 20, 2026 at 8:52 p.m. CEST.

RBC target leaves room

The analyst action keeps the mortgage insurer in a neutral valuation frame. RBC's USD 32.00 target implies 14.37 percent upside to the USD 27.98 NYSE quote, while the current target remains below the USD 35.00 high among the targets listed by MarketBeat on October 13, 2026.

Stock stays inside its range

MGIC Investment traded at USD 27.98 on the NYSE at 2:59 p.m. ET on October 20, 2026. The price stood 12.26 percent below the USD 31.89 52-week high and 13.33 percent above the USD 24.69 low. Market capitalization was USD 5.7 billion and the price-to-earnings ratio was 8.75 on the same date.

Second-quarter earnings set the base

The latest reported quarter ended June 30, 2026. MGIC Investment posted USD 295.39 million in revenue and USD 0.87 adjusted earnings per share, compared with USD 304.25 million in revenue and USD 0.82 earnings per share a year earlier, according to MarketBeat. Revenue therefore declined 2.91 percent year over year, while adjusted earnings per share increased 6.10 percent.

November 4 is the next date

MarketBeat lists November 4, 2026 as the expected announcement date for third-quarter results, with a conference call scheduled for November 5, 2026 at 10:00 a.m. ET. Its consensus calls for USD 298.66 million in revenue and USD 0.81 earnings per share for the third quarter, versus USD 304.51 million and USD 0.83 a year earlier.

Peer valuations remain close

Comparison with peers

MGIC Investment: up 0.96 percent on the NYSE at USD 27.98 on October 20, 2026, P/E 8.75, market capitalization USD 5.7 billion.

Radian Group (NYSE, USD): up 0.91 percent at USD 34.43 on October 20, 2026, P/E 8.77, market capitalization USD 4.6 billion.

NMI Holdings (Nasdaq, USD): up 0.83 percent at USD 41.35 on October 20, 2026, P/E 8.16, market capitalization USD 3.1 billion.

Analyst view meets a scheduled test

For investors, the next test is whether third-quarter figures support the USD 32.00 target. The expected revenue of USD 298.66 million would remain below the USD 304.51 million reported for the year-earlier quarter, while the consensus earnings-per-share estimate of USD 0.81 is also below the prior USD 0.83.

The further course of trading is shown by the continuously updated real-time quote of MGIC Investment stock.