RBC keeps USD 32.00 target for MGIC Investment stock

Published on 10/15/2026 at 18:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MGIC Investment reports third-quarter results on November 4, 2026. MGIC Investment stock costs EUR 24.50 on October 15, 2026 at 6:39 p.m. CEST.

Analyst view and upcoming results

RBC Capital maintained a Hold rating and set a USD 32.00 target on October 12, 2026.
MGIC Investment plans to publish third-quarter results on November 4, 2026.
MGIC Investment stock costs EUR 24.50 at Lang & Schwarz on October 15, 2026 at 6:39 p.m. CEST.
MGIC Investment had a USD 5.6 billion market capitalization and a P/E ratio of 8.59 on October 15, 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 USD 4.54 above the USD 27.46 home-market price cited for October 15, 2026. MGIC Investment stock was trading at EUR 24.50 at Lang & Schwarz on October 15, 2026 at 6:39 p.m. CEST.

Results date sets the next checkpoint

MGIC Investment plans to release its third-quarter 2026 results after the U.S. market close on November 4, 2026. A conference call is scheduled for November 5, 2026, to discuss the quarter ended September 30, 2026, according to Yahoo Finance. The date gives investors a defined catalyst after the latest analyst update.

Second-quarter earnings stayed profitable

For the quarter ended June 30, 2026, MGIC Investment reported USD 295.39 million in revenue and USD 182.15 million in net profit, compared with USD 304.25 million and USD 192.48 million a year earlier, respectively, Markets Insider reported. The revenue decline was 2.91 percent year over year, while net profit declined 5.37 percent. Adjusted earnings per share reached USD 0.87 against a USD 0.76 consensus estimate in the same quarter, according to MarketBeat.

Valuation stays below recent highs

MGIC Investment had a USD 5.6 billion market capitalization and a P/E ratio of 8.59 on October 15, 2026. Its USD 24.69 to USD 31.89 52-week range places the latest USD 27.46 quote 13.92 percent below the high and 11.22 percent above the low. Trading volume was 590,447 shares against an average of 2,027,612 shares.

Comparison with peers

MGIC Investment (NYSE, USD): P/E 8.59, market capitalization USD 5.6 billion.
Radian Group (NYSE, USD): plus 0.72 percent, P/E 8.56, market capitalization USD 4.5 billion.
Essent Group (NYSE, USD): plus 0.94 percent, P/E 8.85, market capitalization USD 5.7 billion.

Calendar gives investors a firm date

The next scheduled company event is the third-quarter results release on November 4, 2026, followed by the earnings call on November 5, 2026. The analyst target and the upcoming report put valuation and earnings quality side by side, while the second-quarter figures show that profitability remained substantial despite lower revenue.

Stock position and next signal

MGIC Investment's valuation is close to the P/E ratios of Radian Group and Essent Group, while its market capitalization is between those two peers. The November report will provide the next dated test for earnings per share and revenue.

MGIC Investment was trading at EUR 24.50 at Lang & Schwarz on October 15, 2026 at 6:39 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of MGIC Investment stock.