|Free Dividend Report|
|MTG Dividend History|
|MTG Stock Split History|
|Preferred Stock Newsletter|
|MTG Options Chain|
|Stock Message Boards|
MGIC Investment (MTG) has 2 splits in our MTG split history database. The first split for MTG took place on December 03, 1993. This was a 2 for 1 split, meaning for each share of MTG owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MTG's second split took place on June 03, 1997. This was a 2 for 1 split, meaning for each share of MTG owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as MGIC Investment splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MTG split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MGIC Investment shares, starting with a $10,000 purchase of MTG, presented on a split-history-adjusted basis factoring in the complete MTG split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||24.23%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||24.12%|
|About MGIC Investment|
|MGIC Investment is a holding company. Through Co.'s wholly-owned subsidiaries, Co. provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. Co.'s principal mortgage insurance subsidiary, Mortgage Guaranty Insurance Corporation, was licensed in various states of the U.S., the District of Columbia, Puerto Rico and Guam. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses related with the default and subsequent foreclosure or sale approved by Co., of the underlying property. According to our MTG split history records, MGIC Investment has had 2 splits.|
|MTG Split History Table|
|12/03/1993||2 for 1|
|06/03/1997||2 for 1|
|Financials Stock Splits|
|MTG is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MTG shares outstanding history