MGIC (MTG) Up 0.8% Since Last Earnings Report: Can It Continue? [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
Will the recent positive trend continue leading up to its next earnings release, or is MGIC due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. MGIC Investment Q1 Earnings Top, Revenues Miss Estimates MGIC Investment Corporation reported first-quarter 2024 operating net income per share of 65 cents, which beat the Zacks Consensus Estimate by 8.3%. The better-than-expected earnings were driven by higher net investment income and lower underwriting and other expenses. The insurer continues to benefit from favorable credit trends and the resiliency of the housing market. The bottom line improved 20.3% year over year. MGIC Investment recorded total operating revenues of $303 million, which increased 3.8% year over year on higher net investment income. The top line, however, missed the consensus mark by 0.4%. Operational Upd
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MTG
News
- Here's Why Hold Strategy is Apt for MGIC Investment (MTG) [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Co. (NYSE: MTG) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $25.00 price target on the stock, up previously from $24.00.MarketBeat
- MGIC Investment (MTG) Up 38.8% in a Year: Will the Rally Last? [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Co. (NYSE: MTG) had its price target raised by analysts at UBS Group AG from $21.00 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
- MGIC Investment Corporation (NYSE:MTG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock? [Yahoo! Finance]Yahoo! Finance
MTG
Earnings
- 5/1/24 - Beat
MTG
Sec Filings
- 5/22/24 - Form 4
- 5/22/24 - Form 4
- 5/22/24 - Form 4
- MTG's page on the SEC website