MGIC Investment Corporation

MTG

US5528481030

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:01 2024-04-18 pm EDT			5-day change	1st Jan Change
19.58 ^USD	+1.03%		-1.61%	+1.50%

Apr. 04	MGIC Investment Sinks after Keefe Bruyette & Woods Downgrade to Market Perform	MT
Apr. 04	Keefe Bruyette & Woods Downgrades MGIC Investment to Market Perform From Outperform, Adjusts PT to $24 From $23.50	MT

MGIC Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022

May 04, 2022 at 04:37 pm EDT

MGIC Investment Corporation reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 294.62 million compared to USD 297.96 million a year ago. Net income was USD 175.01 million compared to USD 150.02 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.43 a year ago.

Latest news about MGIC Investment Corporation

MGIC Investment Sinks after Keefe Bruyette & Woods Downgrade to Market Perform	Apr. 04	MT
Keefe Bruyette & Woods Downgrades MGIC Investment to Market Perform From Outperform, Adjusts PT to $24 From $23.50	Apr. 04	MT
Roth MKM Adjusts MGIC Investment's Price Target to $24 From $21, Maintains Buy Rating	Feb. 02	MT
RBC Raises Price Target on MGIC Investment to $21 From $18, Cites Low Default Environment, High Borrower Credit Quality; Sector Perform Kept	Feb. 02	MT
Transcript : MGIC Investment Corporation, Q4 2023 Earnings Call, Feb 01, 2024	Feb. 01
MGIC Investment's Q4 Adjusted Operating Earnings Rise, Revenue Falls	Jan. 31	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Reports Q4 EPS $0.67, vs. Street Est of $0.58	Jan. 31	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Posts Q4 Revenue $284M	Jan. 31	MT
Tranche Update on MGIC Investment Corporation's Equity Buyback Plan announced on April 27, 2023.	Jan. 31	CI
MGIC Investment Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 31	CI
MGIC Investment Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 31	CI
MGIC Investment Keeps Quarterly Dividend at $0.115 a Share, Payable March 5 to Shareholders of Record Feb. 15	Jan. 23	MT
MGIC Investment Corporation Announces Quarterly Dividend, Payable on March 5, 2024	Jan. 23	CI
UBS Initiates Coverage on MGIC Investment With Neutral Rating, $18.50 Price Target	Dec. 06	MT
Transcript : MGIC Investment Corporation, Q3 2023 Earnings Call, Nov 01, 2023	Nov. 01
MGIC Investment Q3 Adjusted Earnings Decline, Revenue Rises	23-10-31	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Posts Q3 EPS $0.64, vs. Street Est of $0.58	23-10-31	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Reports Q3 Revenue $296.5M, vs. Street Est of $296.3M	23-10-31	MT
Tranche Update on MGIC Investment Corporation's Equity Buyback Plan announced on April 27, 2023.	23-10-31	CI
MGIC Investment Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-31	CI
MGIC Investment Corporation and Mortgage Guaranty Insurance Corporation Appoint Mike Thompson to Board of Directors	23-10-26	CI
MGIC Investment Retains Quarterly Dividend at $0.115 a Share, Payable Nov. 28 to Shareholders of Record on Nov. 9	23-10-26	MT
MGIC Investment Corporation Declares Quarterly Cash Dividend, Payable on November 28, 2023	23-10-26	CI
MGIC Investment Redeems Convertible Junior Subordinated Debentures Due 2063	23-08-28	MT
RBC Lifts Price Target on MGIC Investment to $18 From $17, Maintains Sector Perform Rating	23-08-04	MT

Chart MGIC Investment Corporation

Duration

Period

More charts

Company Profile

MGIC Investment Corporation is a holding company. The Company, through its wholly owned subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The Company's mortgage insurance product offers Primary Insurance and Pool and Other Insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. Pool insurance is generally used as an additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the amount of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.

Sector

Property & Casualty Insurance

Calendar

2024-04-25 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Ratings for MGIC Investment Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

19.58 USD

Average target price

22.31 USD

Spread / Average Target

+13.96%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Property Insurance

	1st Jan change	Capi.
MGIC INVESTMENT CORPORATION	+1.50%	5.23B
THE PEOPLE'S INSURANCE COMPANY (GROUP) OF CHINA LIMITED	+8.75%	28.9B
FIDELITY NATIONAL FINANCIAL, INC.	-6.74%	12.85B
NMI HOLDINGS, INC.	-0.30%	2.38B
STEWART INFORMATION SERVICES CORPORATION	+0.77%	1.62B
ZAVAROVALNICA TRIGLAV, D.D.	-0.29%	834M
OMAN QATAR INSURANCE COMPANY SAOG	0.00%	78.3M
ASSURANCES MAGHREBIA SA	-6.60%	70.01M
EFU GENERAL INSURANCE LIMITED	+1.18%	61.47M

Property Insurance