MGIC Investment Corporation Reports Third Quarter 2024 Results
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: PR Newswire
Third Quarter 2024 Net Income of $200.0 million or $0.77 per Diluted ShareThird Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $200.7 million or $0.77 per Diluted ShareMILWAUKEE, Nov. 4, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2024.Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "We are very pleased with our third quarter financial results, generating net income of $200 million and delivering a 15.6% return on equity.""Our disciplined approach to risk management and prudent capital management strategies together with our ability to serve our customers with quality offerings and best-in-class service continues to drive value for all of our stakeholders," concluded Mattke.SUMMARY FINANCIAL METRICSQuarter ended ($ in millions, except where otherwise noted)Q3 2024Q2 2024Q3 2023Net income$ 200.0$ 204.2$
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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