What is the 13F Pro Quality Score for MTG?

13F Pro ranks MGIC INVESTMENT CORP (MTG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MTG's current score at https://13fpro.ai/research/MTG (free sign-up required for the full ranking).

Where does 13F Pro source MTG data?

All MGIC INVESTMENT CORP fundamentals and ownership data come directly from SEC EDGAR. MGIC INVESTMENT CORP files with the SEC under CIK 876437. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MTG in?

MGIC INVESTMENT CORP (MTG) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives MTG's revenue?

Per MGIC INVESTMENT CORP's latest 10-Q filed with the SEC on 2026-04-29, the biggest revenue drivers are: Net premiums earned ($235.4M, -3% YoY); Net investment income ($61.7M, 0% YoY); Net gains (losses) on investments and other financial instruments (($0.2M), N/M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/MTG.

What are MTG's largest expenses?

MGIC INVESTMENT CORP's latest 10-Q reports these as the largest expense items: Losses incurred, net ($33.2M, +247% YoY); Underwriting and other expenses, net ($48.1M, -9% YoY); Interest expense ($8.9M, 0% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is MTG research updated on 13F Pro?

MTG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MGIC INVESTMENT CORP(MTG)Stock Analysis

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13F Pro Quality Score

67.1/100

Rank #478 of 2,879 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

39.6/100

Profitability

95.4/100

Balance Sheet

88.5/100

Earnings Quality

42.2/100

Free Cash Flow

94.1/100

Institutional Flow

11.0/100

Revenue Scale

53.1/100

Dilution Risk

41.2/100

MTG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for MGIC INVESTMENT CORP (MTG), a Financials sector company. 13F Pro's AI-powered ranking engine scores MTG at 67.1/100 on a 32-signal composite quality model, placing it at rank #478 of 2,879 stocks — the top 25% of the AI-ranked universe. MTG scores in the top quartile across profitability (95.4), free cash flow (94.1), balance sheet strength (88.5). Areas of concern include institutional flow (11.0) and revenue growth (39.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 41.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), MGIC INVESTMENT CORP reports quarterly revenue of $297.1M, net income of $165.3M, an operating margin of 69.6%. Top institutional holders of MTG by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. MTG trades on the NYSE exchange and files with the SEC under CIK 876437. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MTG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MGIC INVESTMENT CORP directly from SEC EDGAR. MGIC INVESTMENT CORP's 13F Pro composite quality score has ranged between 62 and 74 since 2021, currently 67.1 — a stable long-term trajectory across 30 quarterly and live scoring snapshots.

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Fun facts about MGIC INVESTMENT CORP

Quirks, history, and lore behind MTG — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · mid-cap · listed on the NYSE · headquartered in Milwaukee, Wisconsin.
2
The Numbers
Annual revenue in the range of $1 billion, with a business model that lives and dies by default rates and housing market cycles.
3
The History
Founded in the 1950s, it came of age helping ordinary Americans buy homes with less than 20% down — and nearly didn't survive the 2008 housing collapse.
4
The Secret
It doesn't lend money or sell houses — it sells insurance to lenders, promising to cover losses if a borrower stops paying their mortgage.
5
The Lore
The entire industry it operates in — private mortgage insurance — was essentially invented to make the 30-year fixed mortgage accessible to buyers without a big down payment.
6
The Giveaway
Its ticker is three letters that also happen to be the chemical symbol for mercury, and its initials stand for Mortgage Guaranty Insurance Corporation.

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What's Driving MTG's Business? Latest 10-Q Breakdown

✓ 22/22 datapoints verified

AI-extracted from MGIC INVESTMENT CORP's 10-Q filed 2026-04-29 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net income declined 11% YoY to $165.3M as losses incurred surged 247% despite flat premium yield; PMIERs compliance maintained with $2.9B excess capital.

Biggest Revenue Drivers

Total revenue: $297.1M-3% YoY

Net premiums earned$235.4M-3% YoY

Decrease primarily driven by increase in ceded premiums written under quota share reinsurance transactions.

Net investment income$61.7M0% YoY

Fixed income portfolio yield remained stable at 4.0% pre-tax with effective duration of 4.2 years.

Net gains (losses) on investments and other financial instruments($0.2M)N/M

Loss of $0.2M compared to gain of $0.7M in prior year; included $0.2M embedded derivative loss on Home Re Transactions.

Largest Expense Items

Losses incurred, net$33.2M+247% YoY

Increase primarily due to higher new delinquencies reported (13.8K vs 13.0K) and increased estimated severity on current year delinquencies; favorable $31.2M development on prior year reserves.

Underwriting and other expenses, net$48.1M-9% YoY

Decrease primarily due to reduction in outside service expenses from $7.8M to $6.4M.

Interest expense$8.9M0% YoY

Fixed interest on $650M par value 5.25% Senior Notes due August 2028.

Margins: Net loss ratio increased to 14.1% from 3.9% YoY as new delinquencies and severity rose, offsetting favorable prior-year reserve development. Operating margins compressed by elevated current-year loss reserving despite stable premium yields and flat underwriting expense ratios.

Watch Items from the Filing

Delinquency inventory increased to 27.0K loans from 25.4K YoY with average RIF per delinquency rising to $65.4K; delinquency rate of 2.44% approaches peak levels; PMIERs requires significantly more capital for delinquent loans.
New insurance written of $14.4B in Q1 2026 vs $10.2B in Q1 2025; company expects full-year 2026 NIW to remain 'relatively flat' versus 2025, suggesting market slowdown ahead.
PMIERs Available Assets of $5.8B exceed Minimum Required Assets by $2.9B; however, reinsurance credit for XOL increased from $1.4B to $1.7B, indicating reliance on reinsurance for capital relief.
Substantial majority of NIW (86.4%) subject to quota share reinsurance; profit commissions of $29.1M offset reduced premiums ceded, but structure creates earnings volatility based on loss ratios.
Annual Persistency declined to 84.0% from 84.7% YoY; 46% of primary RIF written post-December 2022 with weighted average interest rate of 6.0% on 2026 book, creating refinance exposure if rates decline.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$297.1M

Net Income

Q1 2026

$165.3M

Free Cash Flow

Q1 2026

$76.7M

Operating Margin

Q1 2026

69.6%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+0.5% YoY

$1.21BFY 2025

FY22 $1.17BFY23 $1.16BFY24 $1.21BFY25 $1.21B

Net Income

-3.2% YoY

$738.3MFY 2025

FY22 $865.3MFY23 $712.9MFY24 $763.0MFY25 $738.3M

EPS (Diluted)

+8.7% YoY

$3.14FY 2025

FY22 $2.79FY23 $2.49FY24 $2.89FY25 $3.14

Total Assets

+1.4% YoY

$6.64BFY 2025

FY22 $6.21BFY23 $6.54BFY24 $6.55BFY25 $6.64B

Total Debt

—FY 2025

FY22 $662.8MFY23 $643.2MFY24 —FY25 —

Op. Cash Flow

+17.6% YoY

$852.8MFY 2025

FY22 $650.0MFY23 $713.0MFY24 $725.0MFY25 $852.8M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.21B +0.5%	$1.21B +4.6%	$1.16B -1.5%	$1.17B -1.1%	$1.19B -1.1%	$1.20B
Net Income	$738.3M -3.2%	$763.0M +7.0%	$712.9M -17.6%	$865.3M +36.3%	$635.0M +42.3%	$446.1M
EPS (Diluted)	$3.14 +8.7%	$2.89 +16.1%	$2.49 -10.8%	$2.79 +50.8%	$1.85 +43.4%	$1.29
Total Assets	$6.64B +1.4%	$6.55B +0.1%	$6.54B +5.2%	$6.21B -15.2%	$7.33B -0.4%	$7.35B
Total Debt	—	—	$643.2M -3.0%	$662.8M -42.2%	$1.15B -7.8%	$1.24B
Operating Cash Flow	$852.8M +17.6%	$725.0M +1.7%	$713.0M +9.7%	$650.0M -6.6%	$696.3M -4.9%	$732.3M

AI Insight: MTG Financial Trends

Net income fell to a 2-year low of $165M in Q1 2026 while operating cash flow collapsed to $77M, the weakest reading in the tracked period.

• Net income declined from $204M in Q2 2024 to $165M in Q1 2026, a steady erosion of ~19% over eight quarters.

• Revenue compressed from $307M in Q3 2024 to $297M in Q1 2026, a modest but consistent top-line contraction.

• Operating cash flow was volatile but averaged ~$198M through Q4 2025 before dropping sharply to $77M in Q1 2026.

• Equity has been range-bound between $5,037M and $5,294M, showing no meaningful balance-sheet expansion over the period.

⚠ Q1 2026 operating cash flow of $77M is less than half the prior-quarter $231M — monitor whether this is seasonal or structural.

⚠ Equity dipped to $5,037M in Q1 2026, the lowest level in the tracked period, suggesting capital return or loss pressure.

⚠ Total debt data is absent across all periods; leverage picture remains unclear and warrants disclosure scrutiny.

AI Insight: MTG Ratio Trends

MTG's operating margin and ROIC have declined for three consecutive quarters, with Q1 2026 hitting cycle lows of 69.6% and 16.4% respectively.

• Operating margin fell from a peak of 85.1% in Q2 2024 to 69.6% in Q1 2026 — a 15.5pp contraction over seven quarters.

• ROIC compressed from 20.3% in Q2 2024 to 16.4% in Q1 2026, the lowest reading in the dataset.

• ROE declined from 16.0% in Q2 2024 to 13.1% in Q1 2026, with Q2 2025 offering a brief partial recovery to 14.9% before resuming its slide.

• Net profit margin dropped from 66.9% in Q2 2024 to 55.6% in Q1 2026, still an absolute level that signals strong underlying profitability.

⚠ Q4 2025–Q1 2026 back-to-back declines across all margins suggest deterioration may be accelerating, not stabilizing.

⚠ D/E data is absent across all periods; leverage trajectory cannot be assessed and remains a blind spot.

⚠ Q2 2025 saw a meaningful margin bounce (OpMargin 80.9%), but it proved short-lived — monitor whether Q2 2026 repeats or fails to recover.

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Available Research

13F Pro tracks comprehensive data for MGIC INVESTMENT CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MTG

BlackRock, Inc.
$607.5M23,142,361 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$471.3M17,953,957 sh
DIMENSIONAL FUND ADVISORS LP
$358.4M13,654,046 sh
AQR CAPITAL MANAGEMENT LLC
$288.4M10,988,162 sh
VANGUARD CAPITAL MANAGEMENT LLC
$254.1M9,681,492 sh
STATE STREET CORP
$205.5M7,828,899 sh
AMERICAN CENTURY COMPANIES INC
$155.4M5,920,861 sh
Allianz Asset Management GmbH
$119.8M4,565,294 sh
GEODE CAPITAL MANAGEMENT, LLC
$118.6M4,518,214 sh
FIRST TRUST ADVISORS LP
$112.5M4,287,529 sh

Fund	Value	Shares
BlackRock, Inc.	$607.5M	23,142,361
VANGUARD PORTFOLIO MANAGEMENT LLC	$471.3M	17,953,957
DIMENSIONAL FUND ADVISORS LP	$358.4M	13,654,046
AQR CAPITAL MANAGEMENT LLC	$288.4M	10,988,162
VANGUARD CAPITAL MANAGEMENT LLC	$254.1M	9,681,492
STATE STREET CORP	$205.5M	7,828,899
AMERICAN CENTURY COMPANIES INC	$155.4M	5,920,861
Allianz Asset Management GmbH	$119.8M	4,565,294
GEODE CAPITAL MANAGEMENT, LLC	$118.6M	4,518,214
FIRST TRUST ADVISORS LP	$112.5M	4,287,529

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Is MTG a good stock to buy?

13F Pro's AI-powered analysis of MGIC INVESTMENT CORP (MTG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MTG are available on the MTG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MTG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MTG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MGIC INVESTMENT CORP's investment landscape.