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 Divide ...

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 cha ...

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 (S ...

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 ...

业绩总结 - 2024年原始风险书写总额为57亿美元，较2023年的119亿美元大幅下降[5] - 2024年原始风险剩余比例为98.5%，高于2023年的92.1%[5] - 2024年加权平均FICO评分为755，较2023年的753有所提升[5] - 2024年贷款价值比（LTV）加权平均为93.2%，与2023年的93.0%基本持平[5] - 2024年风险在保单中逾期比例为1.8%，低于2023年的2.1%[6] - 2024年贷款逾期率（基于贷款数量）为2.1%，与2023年持平[6] - 2024年新通知数量为759，显著低于2023年的11444[6] - 2024年单一保费比例为2.0%，较2023年的3.7%下降[5] - 2024年DTI（债务收入比）加权平均为39.6%，略高于2023年的39.2%[5] - 2024年全文件贷款比例为100%，与2023年持平[5] 未来展望 - 2024年所需的PMIERs最低资产为363亿美元，较2023年的750亿美元大幅减少[7] - 2024年第二季度新通知数量为11,444，较第一季度的12,177有所下降[8] - 2024年第二季度的当前期间净损失为4800万美元，较第一季度的5400万美元有所减少[8] - 2024年第二季度的平均索赔率为29.6%，较第一季度的30.8%有所下降[10] - 2024年第二季度的直接主要损失准备金为4.22亿美元，较第一季度的4.48亿美元有所减少[10] - 2024年第二季度的平均损失严重程度为61,000美元，较第一季度的60,230美元有所上升[10] 资本与流动性 - 截至2024年6月30日，流动逾期率为6.2%[20] - 2024年第二季度，MGIC的法定资本为$5,518百万[22] - 2024年第二季度，MGIC的应急准备金释放总额为$15.8百万[22] - 2024年第二季度，MGIC的资本要求为新风险书写的13%[21] - 2024年第二季度，MGIC的资本充足率为9.7:1[22] - 2024年第二季度，MGIC的股息支付给控股公司的总额为$600百万[22] - 2024年第二季度，MGIC的流动逾期率在过去几个季度中波动，最高达到7.2%[20] - 2024年第二季度，MGIC的最低要求资产占新风险书写的比例为9.5%[22] - 2024年第二季度，MGIC的应急准备金为$4,857百万[22] - 2024年第二季度，MGIC的流动逾期率较2023年同期下降了0.5%[20]

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 investmen ...

Have you been paying attention to shares of MGIC Investment (MTG) ? Shares have been on the move with the stock up 14.7% over the past month. The stock hit a new 52-week high of $25.35 in the previous session. MGIC Investment has gained 28.8% since the start of the year compared to the 13.9% move for the Zacks Finance sector and the 15.3% return for the Zacks Insurance - Multi line industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed o ...

MGIC Investment (MTG) reported $305.55 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.4%. EPS of $0.77 for the same period compares to $0.68 a year ago. The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $303.7 million. With the consensus EPS estimate being $0.62, the EPS surprise was +24.19%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...