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.

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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.

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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) 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.

MGIC Investment Corporation (MTG) Hits Fresh High: Is There Still Room to Run?

The headline numbers for MGIC (MTG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MGIC (MTG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

MGIC Investment (MTG) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.68 per share a year ago.

MGIC Investment (MTG) Beats Q2 Earnings and Revenue Estimates

Second Quarter 2024 Net Income of $204.2 million or $0.77 per Diluted Share Second Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $204.9 million or $0.77  per Diluted Share MILWAUKEE , July 31, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the second quarter of 2024. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "I am pleased to report we again delivered a solid quarter of financial results.

MGIC Investment Corporation Reports Second Quarter 2024 Results

Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes MGIC Investment (MTG) a Strong Momentum Stock: Buy Now?

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7 Upcoming Dividend Increases

MILWAUKEE , July 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, an increase of 13% from the last quarterly dividend paid of $0.115 per share. This quarter's dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024.

MGIC Investment Corporation Announces an Increase to Quarterly Dividend

MGIC Investment Corporation (MTG) Hit a 52 Week High, Can the Run Continue?

MILWAUKEE , July 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. A conference call/webcast has been scheduled for 10:00 a.m.

MGIC Investment Corporation Schedules 2nd Quarter 2024 Earnings Call

MGIC Investment (MTG) is well-poised to gain from solid insurance in force, a decline in loss and claims payments, better housing market fundamentals and prudent capital deployment.

Here's Why Hold Strategy is Apt for MGIC Investment (MTG)

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

MGIC (MTG) Up 0.8% Since Last Earnings Report: Can It Continue?

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 (MTG) Up 38.8% in a Year: Will the Rally Last?

MGIC Investment (MTG) first-quarter results reflect favorable credit trends and the resiliency of the housing market.

MGIC Investment (MTG) Q1 Earnings Top, Revenues Miss Estimates

MGIC Investment Corporation (NYSE:MTG ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Dianna Higgins - Head, Investor Relations Tim Mattke - Chief Executive Officer Nathan Colson - Chief Financial Officer & Chief Risk Officer Conference Call Participants Bose George – KBW Terry Ma – Barclays Soham Bhonsle - BTIG Mihir Bhatia - Bank of America Douglas Harter - UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to the MGIC Investment Corporation First Quarter 2024 Earnings Call.

MGIC Investment Corporation (MTG) Q1 2024 Earnings Call Transcript

The headline numbers for MGIC (MTG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MGIC (MTG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

MGIC Investment (MTG) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.54 per share a year ago.

MGIC Investment (MTG) Q1 Earnings Top Estimates

First Quarter 2024 Net Income of $174.1 million or $0.64 per Diluted Share First Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $178.4 million or $0.65  per Diluted Share MILWAUKEE , May 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2024. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "We began the year with a solid quarter generating net income of $174 million, delivering a return on equity of 13.7%, and increasing book value per share by 14.5% year-over-year while returning meaningful capital to our shareholders.

MGIC Investment Corporation Reports First Quarter 2024 Results

MILWAUKEE , April 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced its board of directors has approved an additional share repurchase program with authorization to purchase up to $750 million of its common stock. The company is authorized to repurchase shares of its common stock from time to time through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) at any time prior to December 31, 2026.

MGIC Investment Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.115 Per Share

MGIC's stock fell by 13% due to a spike in the 10-year Treasury bond yield, making it a good time to invest. Q1 forecast for MGIC predicts flat insurance revenues, but higher investment income and 6% fewer shares than a year ago. Higher interest rates have little impact on MGIC's credit risk and insurance policy pricing.

Buy MGIC: Higher Interest Rates Create A Buying Opportunity

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Multiline insurers like MetLife (MET), Prudential Financial (PRU), MGIC Investment (MTG), CNO Financial (CNO) and Old Republic (ORI), which have a solid dividend history, offer a breather amid volatility.

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MILWAUKEE , April 2, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2024 financial results after the market closes on Wednesday, May 1, 2024.  A conference call/webcast has been scheduled for 10:00 a.m.

MGIC Investment Corporation Schedules 1st Quarter 2024 Earnings Call

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 Investment (MTG) Up 62.6% in a Year: More Room to Run?

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.

News for MGIC Investment Stock (MTG)