MGIC Investment Corporation

MGIC Investment Corporationverified

MTG

Price:

$23.68

Market Cap:

$6.00B

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brok...[Read more]

Industry

Insurance - Specialty

IPO Date

1991-08-07

Stock Exchange

NYSE

Ticker

MTG

The Current Ratio as of December 2024 (TTM) for MGIC Investment Corporation (MTG) is 0.68

According to MGIC Investment Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.68. This represents a change of -49.13% compared to the average of 1.33 of the last 4 quarters.

MGIC Investment Corporation (MTG) Historical Current Ratio (quarterly & annually)

How has MTG Current Ratio performed in the past?

The mean historical Current Ratio of MGIC Investment Corporation over the last ten years is 1.62. The current 0.68 Current Ratio has changed 4.08% with respect to the historical average. Over the past ten years (40 quarters), MTG's Current Ratio was at its highest in in the June 2022 quarter at 81.18. The Current Ratio was at its lowest in in the June 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

1.62

Median

1.54

Minimum

0

Maximum

4.24

MGIC Investment Corporation (MTG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MGIC Investment Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 232.53%

Maximum Annual Current Ratio = 4.24

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230-100.00%
20221.43232.53%
20210.43-11.85%
20200.4941.54%
20190.34-91.88%
20184.2435.04%
20173.1428.91%
20162.4420.74%
20152.0221.74%
20141.6611.64%

MGIC Investment Corporation (MTG) Average Current Ratio

How has MTG Current Ratio performed in the past?

The current Current Ratio of MGIC Investment Corporation (MTG) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

0.62

5-year avg

0.54

10-year avg

1.62

MGIC Investment Corporation (MTG) Current Ratio vs. Peers

How is MTG’s Current Ratio compared to its peers?

MGIC Investment Corporation’s Current Ratio is less than MBIA Inc. (5.80), less than NMI Holdings, Inc. (3.32), less than Essent Group Ltd. (20.47), greater than Assured Guaranty Ltd. (0), less than Employers Holdings, Inc. (2.66), less than James River Group Holdings, Ltd. (29.74), less than ICC Holdings, Inc. (8.00), less than Radian Group Inc. (1.66), less than Ambac Financial Group, Inc. (6.88), less than AMERISAFE, Inc. (195.69), less than Investors Title Company (3.49),

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