Mgic Inv Cp Stock Price, News & Analysis

MGIC Investment (NYSE: MTG) has announced two significant shareholder-focused initiatives. The board of directors has approved a new $750 million share repurchase program extending through December 31, 2027. The company can execute these repurchases through various transaction types, including privately negotiated and open market purchases, with the flexibility to suspend or discontinue the program at any time.

Additionally, MTG declared a quarterly cash dividend of $0.13 per share, payable on May 21, 2025, to shareholders of record as of May 8, 2025. The company also scheduled a conference call for May 1, 2025, to discuss Q1 2025 results.

MGIC Investment (NYSE: MTG) has scheduled the release of its first quarter 2025 financial results after market close on Wednesday, April 30, 2025. The company will host a conference call and webcast on Thursday, May 1, 2025, at 10:00 a.m. Eastern Time to discuss the Q1 2025 results.

Interested participants can register for the telephone conference to receive dial-in details and a unique PIN. The webcast will be accessible through the company's Investor website at http://mtg.mgic.com under Newsroom, with a replay available until June 2, 2025.

MGIC Investment (NYSE: MTG) reported strong Q4 2024 financial results with net income of $184.7 million ($0.72 per diluted share) and adjusted net operating income of $184.5 million ($0.72 per diluted share). Full-year 2024 performance showed net income of $763.0 million ($2.89 per diluted share) and adjusted net operating income of $768.5 million ($2.91 per diluted share).

Key Q4 metrics include new insurance written of $15.9 billion, net premiums earned of $241.3 million, and insurance in force of $295.4 billion. The company maintained strong capital position with PMIERs available assets of $5.8 billion and excess of $2.2 billion. During Q4, MTG paid a $0.13 dividend per share and repurchased 7.8 million shares for $193.3 million. MGIC also paid a $400 million dividend to the holding company and agreed to a 40% quota share transaction for 2025-2026 NIW.

MGIC Investment (NYSE: MTG) has announced a quarterly cash dividend payment. The company's Board of Directors has declared a dividend of $0.13 per share. The dividend will be paid on March 5, 2025, to shareholders who are recorded as holders of the stock as of February 18, 2025.

MGIC Investment (NYSE: MTG) has scheduled its fourth quarter 2024 earnings release and conference call. The company will release financial results after market close on Monday, February 3, 2025, followed by a conference call/webcast at 10:00 a.m. Eastern Time on Tuesday, February 4, 2025.

Participants can join via telephone by registering to receive dial-in details and a unique PIN. The company recommends joining 10 minutes before the start time. The webcast will be accessible through MTG's Investor website at mtg.mgic.com under Newsroom, with a replay available until March 4, 2025.

MGIC Investment (NYSE: MTG) reported strong Q3 2024 financial results with net income of $200.0 million, or $0.77 per diluted share. The company achieved a 15.6% return on equity and generated $17.2 billion in new insurance written. Key metrics include net premiums earned of $243.3 million, insurance in force of $292.8 billion, and an annual persistency of 85.3%. The company maintained strong capital position with PMIERs available assets of $6.0 billion and excess of $2.5 billion. During the quarter, MTG repurchased 5.2 million shares for $122.9 million and paid a dividend of $0.13 per share.

MGIC Investment (NYSE: MTG) has announced a quarterly cash dividend payment of $0.13 per share. The dividend will be paid on November 21, 2024, to shareholders who are recorded as owners of the stock as of November 7, 2024.

MGIC Investment (NYSE: MTG) has announced the schedule for its third quarter 2024 earnings call. The company will release its financial results after market close on Monday, November 4, 2024. A conference call and webcast are planned for 10:00 a.m. Eastern Time on Tuesday, November 5, 2024, to discuss the results for the quarter ending September 30, 2024.

Interested parties can join the call by telephone after registering to receive dial-in information and a unique PIN. The call will also be webcast and accessible via the company's Investor website at http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the website until December 5, 2024.

MGIC Investment (NYSE: MTG) has commented on recent updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) by Fannie Mae and Freddie Mac. CEO Tim Mattke expressed support for the changes, emphasizing the importance of private mortgage insurance in the housing finance system. The updates, focusing on Available Assets Standards, will be implemented over a 24-month period, becoming fully effective on September 30, 2026.

If applied immediately, these changes would reduce MGIC's Available Assets by approximately 1% ($50 million) from $5.8 billion. Despite this, MGIC's PMIERs excess would remain at $2.3 billion, demonstrating the company's strong capitalization and ability to meet the new requirements.