MGIC Investment Corporation

MTG

US5528481030

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 21:00:02 15/05/2024 BST			5-day change	1st Jan Change
21.06 ^USD	+0.57%		+0.86%	+9.18%

05-02	Transcript : MGIC Investment Corporation, Q1 2024 Earnings Call, May 02, 2024
05-02	MGIC Investment's Q1 Adjusted Earnings, Revenue Increase	MT

MGIC Investment Corporation announces an Equity Buyback for $750 million worth of its shares.

April 25, 2024 at 07:01 pm

MGIC Investment Corporation (NYSE:MTG) announces a share repurchase program. Under the program, the company will repurchase up to $750 million worth of its shares. The program is valid till December 31, 2026.

Latest news about MGIC Investment Corporation

Transcript : MGIC Investment Corporation, Q1 2024 Earnings Call, May 02, 2024	05-02
MGIC Investment's Q1 Adjusted Earnings, Revenue Increase	05-02	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Reports Q1 EPS $0.65, vs. Street Est of $0.61	05-01	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Posts Q1 Revenue $294.4M, vs. Street Est of $301.2M	05-01	MT
MGIC Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-01	CI
MGIC Investment Approves $750 Million Share-Repurchase Plan, Keeps Quarterly Dividend Steady	04-25	MT
MGIC Investment Corporation announces an Equity Buyback for $750 million worth of its shares.	04-25	CI
MGIC Investment Corporation Announces Quarterly Dividend, Payable on May 21, 2024	04-25	CI
MGIC Investment Corporation authorizes a Buyback Plan.	04-24	CI
MGIC Investment Sinks after Keefe Bruyette & Woods Downgrade to Market Perform	04-04	MT
Keefe Bruyette & Woods Downgrades MGIC Investment to Market Perform From Outperform, Adjusts PT to $24 From $23.50	04-04	MT
Tranche Update on MGIC Investment Corporation's Equity Buyback Plan announced on April 27, 2023.	02-21	CI
Roth MKM Adjusts MGIC Investment's Price Target to $24 From $21, Maintains Buy Rating	02-02	MT
RBC Raises Price Target on MGIC Investment to $21 From $18, Cites Low Default Environment, High Borrower Credit Quality; Sector Perform Kept	02-02	MT
Transcript : MGIC Investment Corporation, Q4 2023 Earnings Call, Feb 01, 2024	02-01
MGIC Investment's Q4 Adjusted Operating Earnings Rise, Revenue Falls	01-31	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Reports Q4 EPS $0.67, vs. Street Est of $0.58	01-31	MT
Earnings Flash (MTG) MGIC INVESTMENT CORPORATION Posts Q4 Revenue $284M	01-31	MT
MGIC Investment Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	01-31	CI
MGIC Investment Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	01-31	CI
MGIC Investment Keeps Quarterly Dividend at $0.115 a Share, Payable March 5 to Shareholders of Record Feb. 15	01-23	MT
MGIC Investment Corporation Announces Quarterly Dividend, Payable on March 5, 2024	01-23	CI
UBS Initiates Coverage on MGIC Investment With Neutral Rating, $18.50 Price Target	12-06	MT
Transcript : MGIC Investment Corporation, Q3 2023 Earnings Call, Nov 01, 2023	11-01
MGIC Investment Q3 Adjusted Earnings Decline, Revenue Rises	31/10/23	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

30/07/2024 - 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

21.06 USD

Average target price

22.44 USD

Spread / Average Target

+6.54%

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Sector Property Insurance

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ZAVAROVALNICA TRIGLAV, D.D.	+2.31%	876M
OMAN QATAR INSURANCE COMPANY SAOG	0.00%	78.31M
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Property Insurance