MGIC Investment Corp
MTG
ISIN US5528481030 / Valor 951550
MGIC Investment Corp
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About company
MGIC Investment Corp is the parent company of Mortgage Guaranty Insurance Corporation (MGIC), which offers products and services to protect mortgage investors from credit losses, ultimately facilitating affordable low-down-payment mortgages and promoting homeownership. MGIC Investment Corp plays a crucial role in the residential mortgage finance system, helping families achieve their dream of owning a home by providing necessary insurance and risk management solutions.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (24.12.2024):
Net Income
MGIC Investment Corp reported a net income of $200.0 million for the third quarter of 2024, translating to $0.77 per diluted share. This reflects a solid performance compared to the previous quarters, showcasing the company's ability to maintain profitability.
Adjusted Net Operating Income
The adjusted net operating income for MGIC Investment Corp in the third quarter of 2024 was $200.7 million, or $0.77 per diluted share. This non-GAAP measure aligns closely with the reported net income, indicating consistent operational performance.
New Insurance Written
During the third quarter of 2024, MGIC Investment Corp wrote new insurance amounting to $17.2 billion. This figure represents an increase from the previous quarter, highlighting the company's growth in underwriting new policies.
Dividends and Share Repurchase
MGIC Investment Corp declared a dividend of $0.13 per common share for the third quarter of 2024. Additionally, the company repurchased 5.2 million shares of common stock for $122.9 million, reflecting its commitment to returning value to shareholders.
Return on Equity
MGIC Investment Corp achieved an annualized return on equity of 15.6% in the third quarter of 2024. This strong return underscores the company's effective capital management and profitability strategies.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6081 M
Market cap (USD)
399,350
Daily traded volume (Shares)
24.03 / 23.67
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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