MGIC Investment Corp (MTG) Q3 2024 Earnings Call Highlights: Strong Growth in New Insurance ... [Yahoo! Finance]
MGIC Investment Corporation (MTG)
Last mgic investment corporation earnings: 2/4 06:45 am
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US:NYSE Investor Relations:
mtg.mgic.com/investor-overview
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Source: Yahoo! Finance
New Insurance Written: $17.2 billion, up 27% from the prior quarter. Share Repurchases: 5.2 million shares for $123 million in the quarter; additional 2.9 million shares for $72 million in October. Quarterly Common Stock Dividend: $34 million. Adjusted Net Operating Income: $0.77 per diluted share, compared to $0.64 per diluted share last year. Favorable Loss Reserve Development: $66 million due to re-estimation of ultimate losses on prior delinquencies. Delinquency Rate: Increased to 2.24%, consistent with seasonal trends. In-Force Premium Yield: 38.9 basis points, up from 38.4 basis points last quarter. Net Investment Income: $62 million, up $1 million sequentially and $7 million from the third quarter last year. Total Revenue: $307 million, compared to $305 million last quarter and $297 million last year. Operating Expenses: $53 million, down from $55 million last quarter. Book Value Per Share: $20.66, up 19% compared to a year ago. Capital Returned to Shareh
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News
- Here's Why MGIC Investment (MTG) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put MGIC Investment (NYSE:MTG) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Co. (NYSE: MTG) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $29.00 price target on the stock.MarketBeat
- MGIC Investment Co. (NYSE: MTG) was downgraded by analysts at Bank of America Co. from a "buy" rating to an "underperform" rating. They now have a $25.00 price target on the stock.MarketBeat
- MGIC (MTG) Up 8.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
MTG
Earnings
- 11/4/24 - Beat
MTG
Sec Filings
- 12/6/24 - Form SC
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- MTG's page on the SEC website