MGIC Investment Announces CIO Departure and Severance

The latest announcement is out from MGIC Investment ( (MTG) ).

On June 11, 2025, Robert J. Candelmo, the Senior Vice President and Chief Information Officer, was separated from service with Mortgage Guaranty Insurance Corporation. His departure will include severance benefits as per the company’s Executive Severance Plan, indicating a potential shift in the company’s executive structure.

The most recent analyst rating on (MTG) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on MGIC Investment stock, see the MTG Stock Forecast page.

Spark’s Take on MTG Stock

According to Spark, TipRanks’ AI Analyst, MTG is a Outperform.

MGIC Investment demonstrates strong financial performance with robust revenue growth, high profitability, and no debt, which enhances its financial security. The technical analysis indicates positive momentum, although caution is advised due to potential overbought conditions. Valuation metrics suggest the stock is undervalued, providing investment appeal. The recent earnings call underlined strong performance but noted constraints in insurance growth and economic uncertainties. Overall, the company is well-positioned, but investors should be mindful of market conditions.

To see Spark’s full report on MTG stock, click here.

More about MGIC Investment

MGIC Investment Corporation operates in the mortgage insurance industry, providing mortgage guaranty insurance through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation. The company focuses on offering products and services that help mortgage lenders protect against losses from borrower defaults.

Average Trading Volume: 2,289,812

Technical Sentiment Signal: Buy

Current Market Cap: $6.3B

See more data about MTG stock on TipRanks’ Stock Analysis page.