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MGIC Investment Corp - MTG STOCK NEWS

Welcome to our dedicated news page for MGIC Investment (Ticker: MTG), a resource for investors and traders seeking the latest updates and insights on MGIC Investment.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MGIC Investment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MGIC Investment's position in the market.

Rhea-AI Summary
MGIC Investment Corporation (MTG) reported a net income of $184.5 million or $0.66 per diluted share for Q4 2023, and $712.9 million or $2.49 per diluted share for full year 2023. The company paid a dividend of $0.115 per common share, repurchased 7.0 million shares, and executed reinsurance transactions. S&P upgraded MGIC's financial strength and credit rating to A-.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
earnings
-
Rhea-AI Summary
MGIC Investment Corporation (MTG) declared a quarterly cash dividend of $0.115 per share, payable on March 5, 2024, to shareholders of record as of February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
dividends
-
Rhea-AI Summary
MGIC Investment Corporation (NYSE: MTG) to release Q4 2023 financial results on January 31, 2024, with a conference call/webcast scheduled for February 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
earnings
Rhea-AI Summary
CondoTek and Mortgage Guaranty Insurance Corporation (MGIC) have launched a new All-In-One Condominium Compliance solution. The solution, called Condo Project Warrant (CPW), simultaneously validates condominium projects for MGIC underwriting compliance as well as agency policies and guidelines. CPW Users can quickly determine if a project qualifies for Fannie Mae and Freddie Mac financing and MGIC's private mortgage insurance products. The MGIC Compliance validation is provided at no additional cost to CondoTek's CPW.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
none
-
Rhea-AI Summary
MGIC Investment Corporation (MTG) reported a net income of $182.8 million or $0.64 per diluted share for Q3 2023. Adjusted net operating income (Non-GAAP) was $183.0 million or $0.64 per diluted share. New insurance written was $14.6 billion, annual persistency was 86.3%, and insurance in force was $294.3 billion. Primary delinquency inventory increased to 24,720 loans. Loss ratio for Q3 2023 was 0.0%. Book value per common share increased to $17.37. The company paid a dividend of $0.115 per share and repurchased 3.9 million shares of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
earnings
-
Rhea-AI Summary
MGIC Investment Corporation announces the election of Michael Thompson to the Board of Directors. Thompson's business acumen and leadership make him a natural fit for the role.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
management
Rhea-AI Summary
MGIC Investment Corporation declares quarterly cash dividend of $0.115 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
dividends
-
Rhea-AI Summary
MGIC Investment Corporation to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
earnings
-
Rhea-AI Summary
MGIC Investment Corporation exercises option to redeem all outstanding Debentures
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
Tags
earnings
MGIC Investment Corp

NYSE:MTG

MTG Rankings

MTG Stock Data

6.01B
265.51M
1.36%
98.05%
3.66%
Savings Institutions
Finance and Insurance
Link
US
Milwaukee

About MTG

at mgic, we are committed to helping our customers succeed. affordable homeownership remains a cornerstone of a strong and vibrant community. as the pioneer of the modern private mortgage insurance industry, mortgage guaranty insurance corporation (mgic), the primary subsidiary of mgic investment corp., has supported lenders and their communities for nearly 60 years by providing a prudent means of offering affordable, low-downpayment home financing options. #wearemgic mgic is the principal subsidiary of mgic investment corporation (mtg.mgic.com), headquartered in milwaukee, wisconsin and serves lenders throughout the united states, puerto rico and other locations. join our social community (mgic.com/social): twitter: https://twitter.com/mgic mgic connects blog: https://mgic-connects.com youtube: https://www.youtube.com/user/mgicvideos google+: https://plus.google.com/+mgic-private-mortgage-insurance facebook: https://www.facebook.com/mgicmi/ instagram: http://instagram.com/mgic find a