Profile
Sector:
Financial ServicesIndustry:
Insurance - SpecialtyCountry:
United StatesIPO:
07 August 1991Website:
http://mtg.mgic.comNext earnings report:
02 August 2024Last dividends:
08 May 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:00:17 GMTAnalysts recommendations
Institutional Ownership
MTG Latest News
Let's see how MGIC Investment (MTG) and Enact Holdings (ACT) fare in terms of some of the key metrics.
MGIC Investment (MTG) stock rallies on the back of solid insurance in force, a decline in loss and claims payment, better housing market fundamentals and prudent capital deployment.
MGIC Investment's first-quarter performance was boosted by positive credit trends and the strength of the housing market.
The key metrics for MGIC (MTG) in the quarter ending March 2024 provide valuable information on the company's performance, but it could be beneficial to compare these figures with Wall Street estimates and previous year's results.
MGIC Investment reported earnings of $0.65 per share for the quarter, exceeding the Zacks Consensus Estimate of $0.60 per share and showing growth from $0.54 per share in the same quarter last year.
MGIC Investment (MTG) gains on the back of solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment.
MGIC (MTG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
MGIC Investment (MTG) stands to gain from solid insurance in force, a decline in loss and claims payments, better housing market fundamentals and prudent capital deployment.
MGIC (MTG) reported earnings 30 days ago. What's next for the stock?
MGIC reported solid Q4 earnings, with cash operating EPS of $0.63 and a 12.5% increase in quarterly dividend. Claim payments on private mortgage insurance remain extremely low, at $13 million in Q4. MGIC's stock remains cheap with a P/E ratio of 7.5 and a cash return of 13.4%, making it an attractive investment option.
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What type of business is MGIC Investment?
MGIC Investment Corporation is a holding company. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin. MGIC Investment Corporation offers private individuals mortgage insurance and additional services. The company provides mortgage insurance to lenders and state-sponsored organizations in the United States to protect against losses from default on low down payment residential mortgage loans. The Company's main product is primary mortgage insurance. Primary insurance provides protection against default on individual mortgage loans and covers the unpaid principal amount of the loan, past due interest, and certain expenses related to default and subsequent foreclosure or approved sale by the Company.
What sector is MGIC Investment in?
MGIC Investment is in the Financial Services sector
What industry is MGIC Investment in?
MGIC Investment is in the Insurance - Specialty industry
What country is MGIC Investment from?
MGIC Investment is headquartered in United States
When did MGIC Investment go public?
MGIC Investment initial public offering (IPO) was on 07 August 1991
What is MGIC Investment website?
https://mtg.mgic.com
Is MGIC Investment in the S&P 500?
No, MGIC Investment is not included in the S&P 500 index
Is MGIC Investment in the NASDAQ 100?
No, MGIC Investment is not included in the NASDAQ 100 index
Is MGIC Investment in the Dow Jones?
No, MGIC Investment is not included in the Dow Jones index
When does MGIC Investment report earnings?
The next expected earnings date for MGIC Investment is 02 August 2024