Profile
Sector:
Financial ServicesIndustry:
Insurance - SpecialtyCountry:
United StatesIPO:
07 August 1991Website:
http://mtg.mgic.comNext earnings report:
31 January 2025Last dividends:
07 November 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 22:05:00 GMTAnalysts recommendations
Institutional Ownership
MTG Latest News
MGIC Investment Corporation (NYSE:MTG ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Dianna Higgins - Head, Investor Relations Tim Mattke - Chief Executive Officer Nathan Colson - Chief Financial Officer Conference Call Participants Terry Ma - Barclays Bose George - KBW Mihir Bhatia - Bank of America Geoffrey Dunn - Dowling and Partners Scott Heleniak - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the MGIC Investment Corporation Third Quarter 2024 Earnings Call.
MGIC Investment (MTG) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.64 per share a year ago.
MGIC (MTG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Higher premiums, outstanding credit quality and new business will drive MCIG Investment. Given attractive valuation and upbeat prospects, it is a contender for addition to portfolio.
PPC, THC and MTG are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
MGIC Investment (MTG) is set to grow on solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment.
MGIC (MTG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
MGIC (MTG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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 was MGIC Investment the previous earnings report?
No data
When does MGIC Investment earnings report?
The next expected earnings date for MGIC Investment is 31 January 2025