MGIC Investment (MTG) vs Palomar (PLMR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Palomar (PLMR) has outperformed MGIC Investment (MTG) over the past year, gaining 9.9% versus a gain of 0.1%. Over five years, MTG leads with a +65.4% price change compared with +55.2% for PLMR. MGIC Investment is the larger company by market cap ($5.55 billion vs $3.36 billion), about 1.7 times the size, while Palomar is growing revenue faster (+58.2% vs +0.5%).
On valuation, MGIC Investment trades at a lower forward P/E (7.8x vs 11.2x for Palomar). MGIC Investment pays a dividend yielding 2.22%, while Palomar does not currently pay one. MGIC Investment converts more of its revenue into profit, with a net margin of 60.8% versus 22.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MTG | PLMR |
|---|---|---|
| Share price | $27.07 | $126.82 |
| Market cap | $5.55B | $3.36B |
| 1-day change | -1.06% | -0.05% |
| YTD return | -7.36% | -5.89% |
| 1-year return | +0.11% | +9.86% |
| 5-year return | +65.36% | +55.17% |
| P/E ratio (TTM) | 8.46 | 17.07 |
| Forward P/E | 7.77 | 11.17 |
| EPS (TTM) | $3.20 | $7.43 |
| Dividend yield | 2.22% | 1.42% |
| Annual dividend | $0.60 | $0.00 |
| Revenue (latest FY) | $1.21B | $875.97M |
| Revenue growth (YoY) | +0.49% | +58.16% |
| Net income (latest FY) | $738.35M | $197.07M |
| Net margin | 60.84% | 22.50% |
| 52-week high | $31.89 | $147.62 |
| 52-week low | $24.69 | $100.81 |
| Distance from 52-week high | -15.11% | -14.09% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +16.00% | +27.74% |
| Average volume | 2.01M | 241.79K |
| Shares outstanding | 205.12M | 26.50M |
| Employees | 542 | 439 |
| Sector | Finance | Finance |
| Industry | Property-Casualty Insurers | Property-Casualty Insurers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Palomar trades at a higher earnings multiple (17.1x vs 8.5x trailing P/E).
- MGIC Investment is more profitable, keeping 60.8 cents of every revenue dollar as net income versus 22.5 cents for Palomar.
- Palomar grew revenue faster in its latest fiscal year (+58.16% vs +0.49%).
About MGIC Investment
MTG stock →MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary 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 on the mortgage or sale of the underlying property.
Finance · Property-Casualty Insurers · 542 employees
About Palomar
PLMR stock →Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States. The company offers personal and commercial specialty insurance products, including residential and commercial earthquake; fronting; and inland marine and other property products, such as inland marine, Hawaii hurricane, excess national property, residential flood, and other property products, as well as assumed reinsurance and crop insurance products.
Finance · Property-Casualty Insurers · 439 employees
MTG vs PLMR FAQ
Which is bigger, MGIC Investment or Palomar?
MGIC Investment (MTG) is larger, with a market capitalization of $5.55B compared with $3.36B for Palomar (PLMR).
Which stock has performed better over the past year, MTG or PLMR?
PLMR returned +9.86% over the past 12 months, compared with +0.11% for MTG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MTG or PLMR?
MTG has the lower trailing P/E at 8.5, versus 17.1 for PLMR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, MGIC Investment or Palomar?
MGIC Investment has the higher yield at 2.22%, compared with 1.42% for Palomar.
Are MGIC Investment and Palomar in the same industry?
Yes. Both are classified in the Property-Casualty Insurers industry within the Finance sector.