MGIC Investment

MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MGIC Investment (MTG) reports robust Q4 earnings and growth outlook

MGIC Investment (MTG) delivered strong financial performance in Q4 2022, with notable increases in net income and insurance in force.
The company's focus on credit quality, capital deployment, and risk management positions it well for future growth opportunities.
Challenges from market dynamics and fee adjustments are being addressed strategically to sustain MGIC's competitive edge in the industry.

MGIC Investment reports robust Q1 earnings, focuses on talent and efficiency

MGIC Investment (MTG) had a strong start in Q1 2023, focusing on financial strength, talent retention, and efficiency. Despite challenges, the company is poised for growth with strategic investments and a positive outlook on credit performance.

MGIC Investment reports strong Q2 earnings and strategic growth plans

MGIC Investment Corporation delivered a solid performance in Q2 2023, driven by strong new insurance written and net income figures.
Despite facing challenges such as operating expenses and market competition, the company's robust capital levels and strategic initiatives position it well for future growth.
With a focus on risk management, operational efficiency, and shareholder value, MGIC Investment remains optimistic about future opportunities in the insurance industry.

MGIC Investment reports strong Q3 earnings, eyes growth opportunities

MGIC Investment Corporation delivered a robust performance in Q3 2023, showcasing strong financial metrics and effective risk management strategies.
While facing challenges in navigating market conditions and expense ratios, the company has opportunities to drive growth through capital return initiatives and leveraging positive credit trends.
Overall, MGIC's resilience, capital management actions, and focus on risk mitigation position it well for future success in the insurance sector.

MGIC Investment posts strong Q4 results, optimistic on future growth

MGIC Investment showcases resilience amidst market challenges
Optimistic outlook for future opportunities and growth
Strong financial performance and credit ratings upgrade
Continued focus on expense reduction and shareholder value

MGIC Investment reports robust Q1 earnings amidst mortgage industry challenges

MGIC Investment Corporation delivered solid financial performance in Q1 2024, driven by strong credit performance and effective capital management strategies. While facing challenges in the mortgage origination industry, the company remains focused on enhancing shareholder value through capital activities and prudent risk management. Addressing analyst inquiries, MGIC is poised to capitalize on opportunities for growth and optimization in its operations.

MGIC Investment reports robust Q2 earnings, eyes growth opportunities

MGIC Investment Corporation delivered strong financial results in Q2 2024, driven by robust credit quality performance and capital management initiatives. The company remains focused on maintaining financial strength, flexibility, and capital efficiency. Despite challenges in reinsurance funding and evolving market dynamics, MGIC is well-positioned to capitalize on positive credit trends and growth opportunities.

MGIC Investment reports strong Q3 earnings and growth opportunities

MGIC Investment (MTG) delivered a robust performance in Q3 2024, marked by strong financial results, increased insurance underwriting, and shareholder value enhancements. The company's upgraded credit rating, favorable portfolio performance, and cost-saving initiatives position it well for future growth. While market conditions present challenges, MGIC is poised to leverage opportunities for expansion and profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MGIC Investment Corp. is a holding company, which engages in the provision of mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

MGIC (MTG) reported earnings 30 days ago. What's next for the stock?

MGIC (MTG) Up 3.5% Since Last Earnings Report: Can It Continue?

MGIC Investment's (MTG) CEO Tim Mattke on Q1 2021 Results - Earnings Call Transcript

MGIC Investment's (MTG) Q1 earnings reflect an increase in insurance in force and improved loss ratio, offset by lower premiums and net investment income.

MGIC Investment (MTG) Q1 Earnings In Line, Revenues Fall Y/Y

Yes, MGIC's revenues declined by 3% year-over-year.

MGIC: The Cash And Capital Positives Amid Confusing Earnings Reports

Shares of MGIC Investment (NYSE:MTG) fell in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were unchanged 0.00% over the past year to $0.42, which were in line with the estimate of $0.42.

Recap: MGIC Investment Q1 Earnings

MILWAUKEE, May 5, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2021. Net income for the quarter was $150.0 million, or $0.43 per diluted share, compared with net income of $149.8 million, or $0.42 per diluted share, for the first quarter of 2020.

MGIC Investment Corporation Reports First Quarter 2021 Results

MILWAUKEE, April 29, 2021 /PRNewswire/ -- The Board of Directors of MGIC Investment Corporation (NYSE:MTG) today declared a quarterly cash dividend of $0.06 per share. The dividend is payable on May 27, 2021, to shareholders of record on May 13, 2021.

MGIC Investment Announces Quarterly Dividend of $0.06 Per Share

MILWAUKEE, April 7, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2021 financial results after the market closes on Wednesday May 5, 2021.  A conference call/webcast has been scheduled for 10:00 a.m.

MGIC Investment Corporation Schedules 1st Quarter 2021 Earnings Call and Releases Monthly Operating Statistics

MGIC Investment shows improving price performance, earning an upgrade to its IBD Relative Strength Rating The post MGIC Investment Earns IBD Rating Upgrade appeared first on Investor's Business Daily.

MGIC Investment Earns IBD Rating Upgrade

Essent Group

NMI Hlds

Radian Group

I wrote recently that a surge in home mortgage defaults is increasingly unlikely, now due to Fed-induced home price inflation. As a result, the four mortgage insurers - MGIC, Radian, Essent and National Mortgage - already have lots of excess capital.

Private Mortgage Insurers: The Coming Dividend And Stock Buyback Bonanza

Why Is MGIC (MTG) Down 3.5% Since Last Earnings Report?

The stocks of mortgage insurance companies MGIC, Radian, Essent, and National Mortgage are trading as if a mortgage default disaster is right around the corner. I've been arguing that is unlikely because of a housing shortage and more than a decade of conservative mortgage lending practices.

The Fed's Money Printing Bonanza Makes Me Like The Mortgage Insurers Even More

MGIC Investment (MTG) is poised to grow on the back of its strong housing market, lower loss and claims and financial flexibility.

Here's Why Investors Should Retain MGIC Investment (MTG) Stock

CURO Group Hlds

2 Top Financial Stocks Under $20

The Private Mortgage Insurance Industry is selling at a 50% discount. It is essentially buy one get one free. This discount is a relic from the 2007-2009 recession which the industry barely survived.

The Private Mortgage Insurance Industry Is BOGO

MGIC Investment Corporation (MTG) CEO Tim Mattke on Q4 2020 Results - Earnings Call Transcript

MGIC Investment's (MTG) Q4 results reflect strength of the purchase mortgage market and the refinance market as well as the company's solid market presence.

MGIC Investment's (MTG) Q4 Earnings Top, Revenues Fall Y/Y

Shares of MGIC Investment (NYSE:MTG) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 12.24% year over year to $0.43, which beat the estimate of $0.40.

Recap: MGIC Investment Q4 Earnings

MILWAUKEE, Feb. 23, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2020. Net income for the quarter was $151.4 million, or $0.44 per diluted share, compared to net income of $177.1 million, or $0.49 per...

MGIC Investment Corporation Reports Fourth Quarter 2020 Results

On Tuesday, February 23, MGIC Investment (NYSE:MTG) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings Outlook For MGIC Investment

Mortgage underwriting keeps getting more conservative. Now more than a decade of tight standards. Housing vacancy data continues to show excess demand over supply for housing.

Reiterating My MGIC Buy, Hot Macro News And A Cash Flow Forecast

MGIC has net cash of $16.25. Its $239 billion of mortgage insurance in force is worth another at least $3 per share.

Anxious About Bubble? Consider Buying $1.00 Of MGIC For $0.64

MILWAUKEE, Jan. 27, 2021 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of Gary J. Johnson to Vice President – Data Science, and Jennifer A. Westphal to Vice President –...

MGIC Announces Officer Promotions in IT Organization and Finance

MGIC Investment (MTG) is poised to grow given its strong persistency, higher average investment portfolio balance and financial flexibility.

Why Should You Add MGIC Investment (MTG) to Your Portfolio?

MILWAUKEE, Jan. 11, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2020 financial results after the market closes on Tuesday, February 23, 2021. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on...

News for MGIC Investment Stock (MTG)