Last $8.32 USD
Change Today +0.19 / 2.34%
Volume 6.3M
MTG On Other Exchanges
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

mgic investment corp (MTG) Snapshot

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01/23/14 - $9.46
52 Week Low
04/22/13 - $4.86
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mgic investment corp (MTG) Details

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance coverage that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage; and bulk transactions, in which the individual loans in the insured portfolio are insured to specified levels of coverage. It also participates in risk sharing arrangements and captive mortgage reinsurance arrangements. In addition, the company provides contract underwriting and related services; and various mortgage services, such as analysis of loan originations, loan portfolios, and servicing portfolios, as well as training and mortgage lead generation. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

819 Employees
Last Reported Date: 02/28/14
Founded in 1957

mgic investment corp (MTG) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $3.1M
President, Chief Operating Officer, President...
Total Annual Compensation: $1.6M
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $1.7M
Executive Vice President of Risk Management -...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

mgic investment corp (MTG) Key Developments

MGIC Investment Corp. Presents at AIFA Annual Conference, Mar-03-2014 03:30 PM

MGIC Investment Corp. Presents at AIFA Annual Conference, Mar-03-2014 03:30 PM. Venue: Boca Raton Resort & Club, Boca Raton, Florida, United States. Speakers: Patrick Sinks, President, Chief Operating Officer, President of Mortgage Guaranty Insurance Corporation and Chief Operating Officer of Mortgage Guaranty Insurance Corporation.

MGIC Investment Corp. Announces Board Changes

On January 27, 2014, Thomas M. Hagerty, a member of the Board of Directors of MGIC Investment Corporation since 2001, and Leslie M. Muma, a member of the Board since 1995, each informed the company that he will not seek re-election to the Board at the company’s 2014 Annual Meeting of Shareholders to be held in April 2014. Each is a member of the Board’s Management Development, Nominating and Governance Committee and will continue to serve as a director until his current term expires on the date of the 2014 Annual Meeting. The decision by each of Mr. Hagerty and Mr. Muma to not stand for re-election was a personal decision and was not the result of any disagreement with the company or the Board.

C. Edward Chaplin Joins MGIC Investment Corporation and Mortgage Guaranty Insurance Corporation as Director

MGIC Investment Corporation announced that C. Edward Chaplin has been elected to the board of directors for MGIC Investment Corporation and Mortgage Guaranty Insurance Corporation (MGIC). He will be a member of the Risk Management and Securities Investment Committees. Mr. Chaplin has been President and Chief Financial Officer at MBIA Inc. Additionally, Julie Sperber has been elected Controller of both MGIC Investment Corporation and Mortgage Guaranty Insurance Corporation effective upon Timothy Mattke's previously announced promotion to Chief Financial Officer.


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Price/Sales 2.6x
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Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x

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