MGIC Investment Corporation

MTG

US5528481030

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:02 2024-05-14 pm EDT			5-day change	1st Jan Change
20.94 ^USD	-0.66%		-1.13%	+8.55%

May. 02	Transcript : MGIC Investment Corporation, Q1 2024 Earnings Call, May 02, 2024
May. 02	MGIC Investment's Q1 Adjusted Earnings, Revenue Increase	MT

MGIC Investment Corporation announces an Equity Buyback for $500 million worth of its shares.

April 27, 2023 at 12:30 pm EDT

MGIC Investment Corporation (NYSE:MTG) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its shares. The program is valid till July 1, 2025.

Latest news about MGIC Investment Corporation

Transcript : MGIC Investment Corporation, Q1 2024 Earnings Call, May 02, 2024	May. 02
MGIC Investment's Q1 Adjusted Earnings, Revenue Increase	May. 02	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Reports Q1 EPS $0.65, vs. Street Est of $0.61	May. 01	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Posts Q1 Revenue $294.4M, vs. Street Est of $301.2M	May. 01	MT
MGIC Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 01	CI
MGIC Investment Approves $750 Million Share-Repurchase Plan, Keeps Quarterly Dividend Steady	Apr. 25	MT
MGIC Investment Corporation announces an Equity Buyback for $750 million worth of its shares.	Apr. 25	CI
MGIC Investment Corporation Announces Quarterly Dividend, Payable on May 21, 2024	Apr. 25	CI
MGIC Investment Corporation authorizes a Buyback Plan.	Apr. 24	CI
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
Tranche Update on MGIC Investment Corporation's Equity Buyback Plan announced on April 27, 2023.	Feb. 21	CI
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
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

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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

2024-07-30 - Q2 2024 Earnings Release (Projected)

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Ratings for MGIC Investment Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

20.94 USD

Average target price

22.44 USD

Spread / Average Target

+7.15%

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Sector Property Insurance

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FIDELITY NATIONAL FINANCIAL, INC.	+1.84%	14.2B
QATAR INSURANCE COMPANY Q.S.P.C.	-17.95%	1.91B
STEWART INFORMATION SERVICES CORPORATION	+7.80%	1.75B
ZAVAROVALNICA TRIGLAV, D.D.	+0.86%	860M
OMAN QATAR INSURANCE COMPANY SAOG	0.00%	78.33M
ASSURANCES MAGHREBIA SA	-8.47%	69.17M
EFU GENERAL INSURANCE LIMITED	+2.06%	62.39M

Property Insurance