MGIC Investment Corporation Aktie News

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...

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 Cor...

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 (includin...

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.

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.

A Bloomberg article from early February about Vanguard stock picks caught my attention recently. The article stated that Vanguard has quietly been using machine learning for several of its actively managed mutual funds.

MGIC reported solid Q4 earnings, with cash operating EPS of $0.63 and a 12.5% increase in quarterly dividend. Claim payments on private mortgage insurance remain extremely low, at $13 million in Q4. MGIC's stock remains cheap with a P/E ratio of 7.5 and a cash return of 13.4%, making it an attractive investment option.

MGIC Investment Corporation (MTG) Q4 2023 Earnings Call Transcript