Shares of MGIC Investment Corporation (MTG) closed at $25.30 on Tuesday, near its 52-week high of $25.93. Solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment are driving the price higher.Given the strong purchase market and potential share gains from the Federal Housing Administration, MGIC Investment expects strong premium writing. Increased persistency rate should continue to boost insurance in force.Shares h ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

After an initial setback at the beginning of the month, the broader U.S. equity markets witnessed a steady uptrend over the past few days as the technology stocks appeared to regain the lost ground. The stock market rally was further propelled by cooling inflation, with data from the U.S. Consumer Price Index revealing that the 12-month inflation rate declined to 2.5% in August – the lowest level since February 2021. This was followed by another healthy economic data that portrayed that the Producer Price I ...

It has been about a month since the last earnings report for MGIC Investment (MTG) . Shares have added about 2.7% in that time frame, outperforming the S&P 500.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 Beats Q2 Earnings, Raises Dividen ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Shares of MGIC Investment Corporation (MTG)   have rallied 23.8% year to date, outperforming the industry’s growth of 12.7%, the Finance sector’s rise of 10.4% and the Zacks S&P 500 composite’s increase of 16.8%. With a market capitalization of $6.2 billion, the average volume of shares traded in the last three months was 1.7 million.Solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment drive this Zacks Rank #1 ( ...

Investors might want to bet on MGIC Investment (MTG) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this mortgage insurance company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in e ...

Quarterly Supplement Q2 2024 NYSE: MTG MGIC Investment Corporation Forward-Looking Statements As used below, "we," "our" and "us" refer to MGIC Investment Corporation's consolidated operations or to MGIC Investment Corporation, as the context requires, and "MGIC" refers to Mortgage Guaranty Insurance Corporation. This presentation may contain forward looking statements. Our actual results could be affected by the risks affecting the company which can be found in the risk factors included in our 8-K filing f ...

财务数据和关键指标变化 - 公司在第二季度实现净收益2.04亿美元,实现16%的年化权益回报率 [12] - 保险承保额结束季度为2,920亿美元,较上一季度略有增加,过去几个季度保持相对平稳 [12] - 年度持续率在第一季度结束时为85%,较上一季度略有下降 [12] - 公司新承保13.5亿美元,新承保业务信用特征依然良好 [12] 各条业务线数据和关键指标变化 - 公司整体信用表现良好,是公司财务业绩的有利因素 [13] 各个市场数据和关键指标变化 - 今年的抵押贷款保险市场与去年类似,受到较高利率环境的影响,导致可负担性挑战,房源供给有限,但也支撑了房价 [14] - 宅基地需求旺盛和千禧一代及Z世代购房意愿强烈,长期来看抵押贷款保险机会依然乐观 [14] 公司战略和发展方向及行业竞争 - 公司保持财务实力和灵活性是资本管理的基石,在审慎增长和资本回报之间保持平衡 [17][18] - 公司过去5年保险承保额增加36%,同时实现34亿美元净收益,35亿美元经营现金流,权益增加11亿美元,同时向股东返还20亿美元 [20] - 公司通过回购股票和偿还可转债,使发行在外股数减少30% [21] - 公司PMIERS超额资本从11亿美元增加到24亿美元,进一步增强了财务实力 [21] 管理层对经营环境和未来前景的评论 - 公司对信用表现保持乐观,就业趋势良好,房地产市场具有韧性 [33] - 公司有信心应对未来挑战,保持市场领导地位,执行业务策略 [34] 其他重要信息 - 公司在第二季度回购760万股普通股,支付3,100万美元股息,派息率为92% [15] - 公司董事会批准新增7.5亿美元股票回购计划,并将季度股息增加13%至每股0.13美元 [16] - 公司通过再保险提高资本灵活性,在第二季度新增了一项覆盖2024年新承保业务的超额损失再保险协议 [30][31] 问答环节重要的提问和回答 问题1 **Soham Bhonsle 提问** 询问公司再保险覆盖比例和最优资本结构 [35][36][37] **Nathan Colson 回答** 公司再保险策略是集中在最近和未来的新承保业务,不设定整体再保险覆盖目标 [36][37] 问题2 **Bose George 提问** 询问公司在股票回购和股息之间的平衡 [43][44] **Nathan Colson 回答** 股价是考虑因素之一,但公司首要关注是否有超额资本可以回报给股东,目前仍认为股票回购是较好的长期价值创造方式 [44] 问题3 **Mihir Bhatia 提问** 询问新违约通知的特征及公司对未来违约趋势的看法 [52][53][54][55] **Nathan Colson 回答** 公司预计第二半年新违约通知会有季节性增加,但整体信用表现仍将受益于就业、工资和房价等因素的支撑 [53][54][55]

MGIC Investment Corporation (MTG) reported second-quarter 2024 operating net income per share of 77 cents, which beat the Zacks Consensus Estimate by 24.2%. Moreover, the bottom line increased 13.2% year over year.MGIC Investment recorded total operating revenues of $306 million, which increased 3.4% year over year on higher net investment income, other revenues and premiums earned. The top line beat the consensus mark by 0.6%.The quarterly results reflected higher premiums written, improved net investment ...