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

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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.

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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.

Mr. Market is scared to death of a housing meltdown, which has pummeled MGIC's stock price. But the actual facts about MGIC's credit risk are far more positive.

MGIC: Buy This Housing Stock. Let MGIC's Facts Replace Housing Fears

MILWAUKEE, May 5, 2022 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of Christina Ficks to Vice President – Customer Experience, and Erik Leaver to Vice President – Mortgage Modeling Analytics. Ms. Ficks joined MGIC in 2017, earning progressive responsibilities in the areas of technology integration and automation before stepping into her current role of Director – Pricing Implementation in 2020.

MGIC Announces Officer Promotions in Customer Experience and Mortgage Modeling Analytics

MGIC Investment Corporation (NYSE:MTG ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Michael Zimmerman - Senior Vice President of Investor Relations Tim Mattke - Chief Executive Officer Nathan Colson - Chief Financial Officer Conference Call Participants Mark Dwelle - RBC Capital Markets Bose George - KBW Geoffrey Dunn - Dowling & Partners Doug Harter - Credit Suisse Operator Good day, and thank you for standing by. Welcome to the MGIC Investment Corporation First Quarter 2022 Earnings Call.

MGIC Investment Corporation (MTG) CEO Tim Mattke on Q1 2022 Results - Earnings Call Transcript

MGIC Investment's (MTG) Q1 earnings reflect higher insurance in force, higher premiums and net investment income, offset by higher expenses.

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

First Quarter 2022 Net Income of $175.0 million or $0.54 per Diluted Share First Quarter 2022 Adjusted Net Operating Income (Non-GAAP) of $192.9 million or $0.60 per Diluted Share MILWAUKEE , May 4, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2022. Net income for the quarter was $175.0 million, or $0.54  per diluted share, compared with net income of $150.0 million, or $0.43 per diluted share, for the first quarter of 2021.

MGIC Investment Corporation Reports First Quarter 2022 Results

MILWAUKEE , April 28, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced Teresita ("Sita") M. Lowman has been elected to the Board of Directors for MGIC Investment Corporation and its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC).

Lowman Joins MGIC Investment Board

MILWAUKEE , April 28, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.08 per share payable on May 26, 2022, to shareholders of record as of May 12, 2022.  About MGIC Mortgage Guaranty Insurance Corporation "MGIC" ( www.mgic.com ), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

MGIC Investment Announces Quarterly Dividend of $0.08 Per Share

Yes, housing stocks have gotten clobbered because of interest rate and investment fears.

Buy MGIC If Selling At Half Of Liquidation Value Seems Cheap To You

MGIC MI Rate Quotes Now Available Through Industry Standard JSON API MILWAUKEE , April 11, 2022 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG) and the nation's first private mortgage insurer, announced today that it is fully enabled to integrate with lenders and technology partners wanting to utilize the recently announced industry standard MISMO JSON API for mortgage insurance estimated rate quotes.1 The MISMO API will access MGIC's risk based MiQ pricing ensuring accuracy and consistency throughout the mortgage origination lifecycle. "Our dedication to leading and fulfilling efforts to bring JSON API integrations and standards to market stems from listening to the requests and needs from our lending customers and technology partners," said Leslie Malicki, Director of Product Development at MGIC.

MGIC Announces Support for MISMO JSON API Rate Estimate

MGIC Investment (MTG) is poised to gain from a higher consolidated investment portfolio, a strong housing market, decreasing delinquency rate and a solid capital position.

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

MILWAUKEE , April 5, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2022 financial results after the market closes on Wednesday May 4, 2022.  A conference call/webcast has been scheduled for 10:00 a.m.

MGIC Investment Corporation Schedules 1st Quarter 2022 Earnings Call

MGIC Investment (MTG) is poised to grow due to lower ceded premiums written, a decreasing delinquency rate, a lower leverage ratio and effective capital deployment.

Reasons Why You Should Retain MGIC Investment (MTG) Stock

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

Why Is MGIC (MTG) Down 1.7% Since Last Earnings Report?

MILWAUKEE, March 3, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced today that Senior Vice President of Investor Relations Michael J Zimmerman has communicated his plans to retire later this year after 27 years with the company. The company also announced that Dianna Higgins, previously the Vice President – Internal Audit, will succeed Mr.

MGIC Announces Investor Relations Transition Plan

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The homebuilder and mortgage insurance stocks today sell at P/E ratios that are fractions of the S&P 500. Realtors retain high P/E ratios even after significant sell-offs. I review the assumptions investors are implicitly making about the housing market and argue that they are largely driven by emotion, not facts.

Housing Industry Valuations. They Range From Insanely Cheap To Insanely Expensive

MGIC's earnings are confusing to interpret now because it is still in the midst of a strategic transformation.

MGIC Investment: Sorting Out This Mortgage Insurer's Strategic Endgame

The stock price of MGIC Investment (NYSE: MTG) increased by 0.4% in the most recent trading session. This is why it happened.

MGIC Investment (MTG) Stock: Why The Price Increased

MGIC Investment Corporation (MTG) CEO Tim Mattke on Q4 2021 Results - Earnings Call Transcript

MGIC Investment's (MTG) quarterly results reflect a high quality of increased insurance in force, which benefited from a strong housing market and improved economic conditions.

MGIC Investment (MTG) Q4 Earnings Beat, Revenues Fall Y/Y

MILWAUKEE, Feb. 2, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2021. Net income for the quarter was $173.9 million, or $0.52  per diluted share, compared with net income of $151.4 million, or $0.44 per diluted share, for the fourth quarter of 2020.

MGIC Investment Corporation Reports Fourth Quarter 2021 Results

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Steven Scruggs (Trades, Portfolio), manager of the FPA Queens Road Small Cap Value Fund, disclosed last week that his firm's top five trades during the fourth quarter of 2021 included boosts to its holdings of MGIC Investment Corp. ( MTG , Financial) and Oshkosh Corp. ( OSK , Financial) and reductions in its holdings of Treehouse Foods Inc. ( THS , Financial), L.B. Foster Co. ( FSTR , Financial) and Synaptics Inc. ( SYNA , Financial).

Steven Scruggs' Top 5 Trades of the 4th Quarter

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PLAB, MTG, SRTS, and WIT have been selected as the breakout stocks for today.

Buy These 4 Breakout Stocks to Get Explosive Returns

MILWAUKEE, Jan. 7, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2021 financial results after the market closes on Wednesday February 2, 2022.  A conference call/webcast has been scheduled for 10:00 a.m.

MGIC Investment Corporation Schedules 4th Quarter 2021 Earnings Call

MGIC Investment (MTG) is poised to grow on the back of decreasing delinquency rate, higher consolidated investment portfolio, lower leverage ratio and effective capital deployment.

News for MGIC Investment Stock (MTG)