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MGIC Investment Corp (MTG.N)

MTG.N on New York Stock Exchange

13.92USD
21 May 2019
Change (% chg)

$-0.02 (-0.14%)
Prev Close
$13.94
Open
$14.00
Day's High
$14.11
Day's Low
$13.91
Volume
395,307
Avg. Vol
630,718
52-wk High
$14.97
52-wk Low
$9.41

Latest Key Developments (Source: Significant Developments)

MGIC Investment Reports First Quarter Earnings Per Share Of $0.42
Tuesday, 23 Apr 2019 

April 23 (Reuters) - MGIC Investment Corp ::REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED NON-GAAP OPERATING EARNINGS PER SHARE $0.42.Q1 EARNINGS PER SHARE $0.42.Q1 REVENUE $291.7 MILLION VERSUS $265.8 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.39 -- REFINITIV IBES DATA.QTRLY NEW INSURANCE WRITTEN OF $10.1 BILLION, COMPARED TO $10.6 BILLION IN Q1 OF 2018.PERCENTAGE OF PRIMARY LOANS THAT WERE DELINQUENT AT MARCH 31, 2019 WAS 2.92%, COMPARED TO 3.11% AT DECEMBER 31, 2018.MGIC INVESTMENT - IN Q1 INSURANCE IN FORCE INCREASED PRIMARILY DUE TO STRONG PERSISTENCY, ADDITION OF $10.1 BILLION OF NEW INSURANCE WRITINGS.QTRLY NEW INSURANCE WRITTEN OF $10.1 BILLION, COMPARED TO $10.6 BILLION.NET PREMIUMS WRITTEN FOR THE QUARTER WERE $244.3 MILLION, COMPARED TO $236.9 MILLION FOR THE SAME PERIOD LAST YEAR.NET PREMIUMS EARNED FOR THE QUARTER WERE $249.8 MILLION, COMPARED TO $232.1 MILLION FOR THE SAME PERIOD LAST YEAR.QTRLY TOTAL REVENUES WERE $291.7 MILLION VERSUS $265.8 MILLION.MGIC INVESTMENT - INCREASE DIVIDEND PAID TO HOLDING CO TO $70 MILLION IN Q1, GOT AUTHORIZATION BY BOARD TO REPURCHASE ADDITIONAL $200 MILLION OF COMMON STOCK.  Full Article

Mgic Investment Corp Says CEO Patrick Sinks' FY 2018 Total Compensation Was $8 Mln
Friday, 22 Mar 2019 

March 22 (Reuters) - MGIC Investment Corp ::MGIC INVESTMENT CORP SAYS CEO PATRICK SINKS' FY 2018 TOTAL COMPENSATION WAS $8.0 MILLION VERSUS $7.0 MILLION IN FY 2017 - SEC FILING.MGIC INVESTMENT CORP SAYS FOR 2018, RATIO OF TOTAL COMPENSATION OF CEO TO MEDIAN OF TOTAL COMPENSATION OF ALL OF EMPLOYEES IS 88:1.  Full Article

Mgic Investment Corporation Announces $200 Million Share Repurchase Program
Thursday, 21 Mar 2019 

MGIC Investment Corp ::MGIC INVESTMENT CORPORATION ANNOUNCES $200 MILLION SHARE REPURCHASE PROGRAM.MGIC INVESTMENT CORP - MAY REPURCHASE UP TO $200 MILLION OF ITS COMMON STOCK THROUGH END OF 2020.MGIC INVESTMENT CORP - EXPECTS TO FUND PURCHASES WITH COMPANY CASH AND INVESTMENTS, WHICH AS OF DECEMBER 31, 2018, TOTALED $248 MILLION.  Full Article

MGIC Investment Corp Announces $200 Mln Share Repurchase Program
Friday, 27 Apr 2018 

April 26 (Reuters) - MGIC Investment Corp ::MGIC INVESTMENT CORPORATION ANNOUNCES $200 MILLION SHARE REPURCHASE PROGRAM.MGIC INVESTMENT CORP - MAY REPURCHASE UP TO $200 MILLION OF ITS COMMON STOCK THROUGH END OF 2019.  Full Article

MGIC Hires Sean Valcamp, Vice President, Chief Information Security Officer
Thursday, 22 Mar 2018 

March 22 (Reuters) - Mgic Investment Corp ::MGIC HIRES SEAN VALCAMP, VICE PRESIDENT, CHIEF INFORMATION SECURITY OFFICER.  Full Article

MGIC Investment Q3 earnings per share $0.32
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - MGIC Investment Corp :MGIC investment corporation reports third quarter 2017 results.Q3 adjusted non-gaap operating earnings per share $0.32.Q3 earnings per share $0.32.Q3 revenue $270.4 million versus $273.9 million.Q3 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.MGIC Investment - ‍at Sept 30, percentage of loans that were delinquent, excluding bulk loans, was 3.19 percent,compared to 4.05 percent at Dec 31, 2016​.MGIC Investment Corp qtrly ‍new insurance written $14.1 billion versus $14.2 billion ​.Qtrly ‍net premiums earned were $237.1 million compared to $237.4 million for same period last year​.MGIC Investment Corp - ‍new insurance written in Q3 was $14.1 billion, compared to $14.2 billion in Q3 of 2016​.MGIC Investment Corp - ‍net premiums written for quarter were $255.9 million, compared to $250.3 million for same period last year​.  Full Article

MGIC Investment Corporation reports second quarter 2017 results
Thursday, 20 Jul 2017 

July 20 (Reuters) - MGIC Investment Corp ::MGIC Investment Corporation reports second quarter 2017 results.Q2 adjusted non-GAAP operating earnings per share $0.31.Q2 earnings per share $0.31.Q2 revenue $263.3 million versus $263.5 million.Q2 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.MGIC Investment Corp - new insurance written in Q2 was $12.9 billion, compared to $12.6 billion in Q2 of 2016.MGIC Investment Corp says net premiums written for quarter were $245.8 million, compared to $250.0 million for same period last year.MGIC Investment Corp - at June 30, percentage of loans delinquent, excluding bulk loans, was 3.23 percent, compared to 4.05 percent at Dec 31, 2016.Qtrly net premiums earned were $231.1 million compared to $231.5 million for same period last year.  Full Article